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The carboxymethyl cellulose market size is forecast to increase by USD 526 million, at a CAGR of 5.54% between 2023 and 2028. The market's expansion hinges on multiple factors, notably the health-related advantages offered by linen products, the exponential surge in online retail transactions, and the continual introduction of new product lines. As consumers increasingly prioritize health and wellness, the demand for linen products, known for their breathability and hypoallergenic properties, continues to rise. Additionally, the convenience and accessibility afforded by online retail platforms fuel market growth, allowing consumers to easily access and purchase linen goods. Moreover, the continuous innovation and launch of new product varieties cater to evolving consumer preferences, contributing further to the market's upward trajectory. Our market growth analysis report examines historic data from 2018 - 2022, besides analyzing the current market scenario.
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The carboxymethyl cellulose (CMC) market is expanding due to its versatility in various industries, from pharmaceutical applications to food additives and personal care products. Derived from plant-derived cellulose and processed with monochloroacetic acid and caustic soda, CMC serves as a critical stabilizing agent in products like gluten-free baking and ice cream production, catering to consumers with gluten intolerance or celiac disease. Its role extends into cosmetics and medical goods, supporting formulations in multicuisine foods and beauty products. Market growth is driven by dominance in the food supply sector and rising expenditure in social media-driven retail trade, including generic drugs and National Bureau-regulated generic drugs. As demand rises for health-conscious and functional ingredients, CMC continues to innovate, meeting stringent industry standards and expanding its presence in global markets.
The new product launches in the market will notably drive market growth. To widen their product portfolio and expand their customer base, several local and global vendors operating in the global carboxymethyl cellulose market are developing a wide range of high-quality products. Owing to the superior quality of these products, their demand is increasing across the world. This factor will, therefore, help drive the market's growth over the coming years.
For instance, in July 2021, Aldi Inc. (a subsidiary of ALDI Einkauf GmbH and Co. oHG) launched a brand new range of eco-friendly bed linen under Conscious Bedding that saves up to 52 plastic bottles per item. Therefore, a wide range of superior-quality products is regularly launched by various vendors operating in the global carboxymethyl cellulose market, which will drive the growth of the CMC market during the forecast period.
The growth in the construction industry is a major trend that will primarily drive the market growth. The growth in the global construction industry is expected to fuel the demand for carboxymethyl cellulose products worldwide. The major reasons behind the increasing constructions are the good economic situation prevailing across regions along with the increased emphasis on investments made by government authorities in developing infrastructure.
In addition to this, immigration and growing urbanization have led to an expansion in residential constructions across developed regions such as Europe and North America. For example, in 2020, the major countries contributing to the growth of the construction industry in Europe were Hungary, Poland, Ireland, and Portugal. Thus, the growth of the construction industry is expected to have a strong positive impact on the global carboxymethyl cellulose market during the forecast period.
The stringent regulations in the textile industry are expected to impede the market. The textile industry is subjected to several regulations, policies, and safety standards for consumer products, which aim to ensure consumer safety and well-being. The imposition of such stringent regulations by government authorities and the mandate to comply with them are serious challenges to the growth of the overall textile industry, including the carboxymethyl cellulose segment.
Further, several textiles and clothing regulations are imposed by various regulatory bodies operating in different regions. For example, the EU has imposed the Textile Regulation (EU) No 1007/2011 on fiber names (including linen products) and related labeling and marking of the fiber composition of textile products, which is in alignment with all the member countries. This is a major concern that will slow down the CMC market growth.
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The market share growth by the food and beverages segment will be significant during the forecast period. Carboxymethyl cellulose is used in food and beverages as a food additive for various food products. It is used as a stabilizing, suspension, and thickening agent in food and beverage products as it can control the rheological property, structure, flavour, and appearance of products and their pseudoplastic properties. Carboxymethyl cellulose can be used to prevent the protein in yoghurt from condensation, as well as sedimentation and layering. Moreover, owing to its good homogeneity, carboxymethyl cellulose offers excellent stability in acid beverages.
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The food and beverages segment showed a gradual increase in market share with USD 474.60 million in 2018. Carboxymethyl cellulose is also used in manufacturing fruit squashes. In fruit squashes, the proportion of solids is larger than that of liquids, so the solids in fruit squashes generally tend to settle at the bottom of the container as sediment. When carboxymethyl cellulose is added to fruit squash, it enables the flesh and fruit suspended in the packaging container to be well-distributed, full, bright, and striking in colour. Moreover, carboxymethyl cellulose helps in extending the storage life of fruit squashes. Carboxymethyl cellulose is also used as a non-caloric thickening agent and binder in ready-to-eat food products. It reduces the formation of ice crystals in frozen food. Overall, all these factors will lead to the CMC market growth.
APAC is estimated to contribute 39% to the growth of the global market during the projection period.
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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In APAC, the increasing demand for food and beverages in the region will boost the carboxymethyl cellulose market during the forecast period. The food and beverage market in APAC is expected to witness accelerating growth momentum during the forecast period. The growing consumption of packaged food products further increases the demand for carboxymethyl cellulose gum in the region. China accounted to be the highest market for consumption in APAC due to the increasing demand for carboxymethyl cellulose in applications such as food processing, pharmaceuticals, and cosmetics. China will continue to lead the market during the forecast period. In addition, many countries in the region are focusing on developing their national oil and gas industry. Such factors influence the demand in the region during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Amar Cellulose Industries, Ashland Inc., Barzaghi Srl Unipersonale, Cellulose Solutions Pvt Ltd., CMC SA, Daicel Miraizu Ltd., DKS Co. Ltd., Foodchem International Corp., Hefei TNJ Chemical Industry Co. Ltd., Jining Fortune Biotech Co. Ltd., Lamberti SpA, Nilkanth Organics, Nippon Paper Industries Co. Ltd., Nouryon Chemicals Holding BV, Patel Industries, Quimica Amtex SA De CV, Univar Solutions Inc., and USK Kimya Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The carboxymethyl cellulose (CMC) market is thriving as a key ingredient in various industries, serving as a versatile stabilizing agents and viscosity modifier. Used extensively in gluten-free products for consumers with celiac disease, CMC's applications extend to detergents, oilfield operations, and coatings due to its stabilizing properties. Amid Global lockdowns and stringent government rules, CMC has maintained its presence in production hubs for convenient food and oil drilling activities. Its significant growth in the pharmaceutical sector and cosmetics market underscores its lucrative growth and market share. As social media influences consumer adoption, CMC's availability and substitute options cater to changing food habits and the demands of the working generation in developed countries. With forecasts pointing towards sustained demand, CMC continues to innovate, meeting diverse industry needs across global markets. Governments implemented severe movement restrictions due to the surge in celiac disease cases, impacting disposable income and the consumption of crude oil and petroleum products, significantly affecting the target industry's growth in substitutes and market share.
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Market Scope |
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Report Coverage |
Details |
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Page number |
174 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.54% |
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Market growth 2024-2028 |
USD 526 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.14 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 39% |
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Key countries |
China, US, India, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Allwyn Chem Industries, Amar Cellulose Industries, Ashland Inc., Barzaghi Srl Unipersonale, Cellulose Solutions Pvt Ltd., CMC SA, Daicel Miraizu Ltd., DKS Co. Ltd., Foodchem International Corp., Hefei TNJ Chemical Industry Co. Ltd., Jining Fortune Biotech Co. Ltd., Lamberti SpA, Nilkanth Organics, Nippon Paper Industries Co. Ltd., Nouryon Chemicals Holding BV, Patel Industries, Quimica Amtex SA De CV, Univar Solutions Inc., and USK Kimya Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Grade Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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