Sellbyville, DE -- (SBWIRE) -- 10/10/2018 -- Global Market Insights presents a most up-to-date research on "Carboxymethyl Cellulose (CMC) Market – Global Industry Analysis, Size, Share, End-user (Food & Beverage, Pharmaceuticals, Personal Care, Oil & Gas, Pulp & Paper, Detergents & Laundry), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, Italy, Finland, Netherlands, China, India, Japan, Australia, Thailand, Indonesia, Malaysia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia , UAE) and Forecast 2017 – 2024".

Report predicts Carboxymethyl Cellulose Market Size will surpass USD 1.7 billion by 2024. Carboxymethyl cellulose market (cellulose gum industry) growth will be driven by the escalating demand trends from the food & beverage segment. The product will have robust demand in the processed food formulations for various roles as: adhesion agent, thickening agent and stabilizer, emulsifier, bulking agent, firming agent, gelling & glazing agent, humectant, etc.

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Personal care segment is expected to have growth exceeding CAGR 3% in the overall CMC market by 2024. Product utility in this segment has been in the: skin care products including: cosmetics, sunscreens, body lotions, etc.; hair care products such as: shampoos, gels, hair conditioners, etc.; oral care products including: denture adhesives, toothpastes, etc. Another trend in personal care sector has been the cellulose gum based superabsorbent polymers (SAP) for their usage in diapers and other fluid-absorbing products in the recent years. Carboxymethyl cellulose market has been grabbing attention in scientific and agriculture fields, for its biodegradable features and high swelling capacity.

Carboxymethyl cellulose market demand in pharmaceuticals segment are expected to observe growth close to 4% CAGR by 2024. The product has been observing acceptance in this sector as an inert non-pharmacologically active ingredient on account of its ability to provide improved drug dissolution and disintegration characteristics. The product is also used as a granulation aid & binder in tablet coatings, and as a stabilizer & thickener in ointments, lotions, etc.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Akzo Nobel N.V.
2. J.M. Huber Corporation
3. Ashland
4. The Dow Chemical Company
5. Nippon Paper Industries
6. USK Kimya A.S.
7. Daicel Corporation
8. Lamberti S.P.A.
9. Chongqing Qiaofeng Industrial (Group) Co. Ltd.
10. DKS Co. Ltd.
11. Patel Industries
12. Triveni Chemicals
13. QINGDAO SINOCMC CHEMICAL CO., LTD.
14. Qingdao Tianya Chemical Co Ltd

North America carboxymethyl cellulose market will observe almost 4% CAGR gains throughout the forecast span. The gain will be mainly attributed to product demand from food & beverage sector for its usage as a fat replacer and food stabilizer. Obesity has been a grave public health issue in the region, on account of regular consumption of sugary beverages, sedentary lifestyle, food marketing and the consequent unhealthy snacking habits. CMC will have strong demand in the region amidst the surging risks of chronic diseases such as type-2 diabetes, cardiovascular disease, hypertension and coronary heart diseases.

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Following Asia Pacific, Europe was the second-largest region for carboxymethyl cellulose market in 2016. Product demand for was led by personal care and food & beverages industries. Product demand was dominated by countries such as Germany, France and the U.K. due to high demand from personal care and food and beverages industries.

Key industry players in the fragmented carboxymethyl cellulose market have been: Ashland, Nippon Paper Industries, USK Kimya A.S., Daicel Corporation, Patel Industries, Qingdao Tianya Chemical Co. Ltd., etc.

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