Carboxymethylcellulose (CMC) Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Global Carboxymethylcellulose (CMC) Market Size, Share And Growth Analysis For 2024-2033
— The Business Research Company
LONDON, GREATER LONDON, UK, August 26, 2024 /EINPresswire.com/ — The global carboxymethylcellulose (CMC) market is projected to grow from $1.67 billion in 2023 to $1.76 billion in 2024, at a compound annual growth rate (CAGR) of 5.3%. This growth is driven by the emergence of biomedical applications, increasing demand in the food and beverage industry, and the expansion of the pharmaceutical, cosmetics, textile, and paper industries. By 2028, the CMC market is expected to reach $2.13 billion, growing at a CAGR of 4.8%, with continued momentum from water treatment solutions, innovations in printing, and rising demand in the oil and gas sector.
Pharmaceutical Production Surge Ignites Growth in Carboxymethylcellulose (CMC) Market
The surge in pharmaceutical production is a significant factor driving the growth of the carboxymethylcellulose (CMC) market. Pharmaceutical production involves the manufacturing of medications, vaccines, and other medical treatments. Carboxymethylcellulose plays a crucial role in these processes by increasing viscosity and stabilizing emulsions in various pharmaceutical formulations. For instance, in 2021, pharmaceutical production increased by 4.64% globally, with North America and Europe accounting for significant portions of the market. The rise in pharmaceutical production is expected to continue driving the growth of the CMC market.
Explore comprehensive insights into the global carboxymethylcellulose (CMC) market with a detailed sample report:
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Key Players and Market Trends
Key players in the carboxymethylcellulose (CMC) market include Ashland Global Holding Inc., DKS Co. Ltd., Daicel Corporation, Amtex Corp., Nippon Paper Industries Co. Ltd., and Akzo Nobel NV, among others. These companies are focusing on product innovation and facility expansion to meet growing demand. For example, in February 2023, Nippon Paper Industries announced the formation of a manufacturing and sales subsidiary in Hungary, expected to boost sales revenue and create jobs.
Innovative advancements are also shaping the market. In November 2021, Maypharm Co. Ltd. launched PLA meNnus, a unique blend of Poly D, L-lactic Acid (PLA) and Carboxymethylcellulose (CMC) for professional cosmetics, offering prolonged collagen regeneration and immediate volumizing effects.
Segments:
1. By Grade: High Purity, Industrial, Technical
2. By Property: Thickening Agent, Stabilizer, Binder, Anti-Repository Agent, Lubricator, Emulsifier, Excipient
3. By Application: Food And Beverages, Oil And Gas, Cosmetics, Pharmaceuticals, Detergents, Paper Processing
Asia-Pacific Leading the Market
Asia-Pacific was the largest region in the carboxymethylcellulose (CMC) market in 2023 and is expected to be the fastest-growing region during the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
Access the complete report for an in-depth analysis of the global carboxymethylcellulose (CMC) market:
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Carboxymethylcellulose (CMC) Global Market Report 2024 from The Business Research Company covers the following information:
•Market size data for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Carboxymethylcellulose (CMC) Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on carboxymethylcellulose (CMC) market size, carboxymethylcellulose (CMC) market drivers and trends, carboxymethylcellulose (CMC) market major players, carboxymethylcellulose (CMC) competitors’ revenues, carboxymethylcellulose (CMC) market positioning, and carboxymethylcellulose (CMC) market growth across geographies. The carboxymethylcellulose (CMC) market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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