Global Carboxymethyl Cellulose Market: Snapshot
The global carboxymethyl cellulose market is projected to grow at a healthy growth rate with the increasing demand for gluten-free and low-fat frozen desserts. Carboxymethyl cellulose (CMC) helps in reducing fat content from food; it is also used extensively as a stabilizer, rheology controller, thickener, and water binder. Moreover, increasing use of CMC due to its superior performance and low cost in food and beverages industry is likely to boost the market growth in coming years.
CMC is used as a viscosifier and rheology controller in oil drilling fluids sector. Therefore, rising oil exploration across the globe will significantly increase the demand for carboxymethyl in forthcoming years. However, the demand for CMC is not just limited to the above-mentioned industries; its application is also growing in the personal care products sector and used in iron ore and mining activities. Therefore, with the increasing application, the demand for CMC is expected to rise significantly in the near future.
The global carboxymethyl cellulose market is anticipated to exhibit positive CAGR of 3.2% during the forecast period 2013 to 2019. The market valuation was US$0.83 bn in 2012, which is predicted to reach US$ 1.03 bn by the end of 2019.
Growing Application of CMC in various Industries will Boost Market Demand
The global carboxymethyl cellulose market is categorized on the basis of end users, which is further divided into oil drilling fluids, food and beverages, personal care, paper processing, paints and adhesives, and others (including mining, industrial detergents, etc.). Out of these, food and beverages industry contributed an outstanding share of income in the global carboxymethyl cellulose market in 2012. The second position was held by oil drilling fluids that represent 22.3% of the aggregate demand in the global CMC market in 2012. Moreover, the demands for carboxymethyl cellulose is estimated to grow in the personal care segment due to its growing application in it. In forthcoming years, the mechanical cleansers and mining industry are expected to offer lucrative opportunities for the carboxymethyl cellulose. Growing contribution from the paints and glues industry is likely to boost the demand for the carboxymethyl cellulose during the forecast period. Therefore, with the increasing contribution in all the industries, the global carboxymethyl cellulose market is estimated to grow at a healthy rate during the forecast period.
Asia Pacific Emerges Dominant Owing to Expanding Food and Beverage Industry
On the basis of geography, Asia Pacific held 35% shares in the global market in 2012. The increasing sustenance and refreshments industry in Asia Pacific is the major factors for the growth of the carboxymethyl cellulose in the region. The rising oil exploration in the region will also boost the demand for CMC. The food and beverage industry is expanding in Asia Pacific, thus, increasing opportunities for the global carboxymethyl cellulose market. Moreover, growing demand from the food and beverage sector will fuel demand from the CMC market in the Middle East and Latin America in the near future.
In the competitive landscape section, various leading players in the market are analyzed. Some of the prominent players are the global carboxymethyl cellulose market are Lamberti S.p.A, SINOCMC Co., Ltd., Dow Chemical Company, CP Kelco, Akzo Nobel N.V., and Ashland Inc.
The report covers forecast and analysis for the carboxymethyl cellulose market on a global and regional level. The study provides the historical data of 2012 along with forecast for 2013 to 2019 based on volumes (Kilo Tons) and revenue (USD Million). The study includes drivers and restraints for the carboxymethyl cellulose market along with their impact on demand during the forecast period. Additionally, the report includes an analysis of opportunities available in the carboxymethyl cellulose market on the global and regional level. The drivers, restraints and opportunities mentioned in the report are justified with the help of quantitative and qualitative data which is verified by primary and secondary resources.
We have included a detailed value chain analysis in order to provide a comprehensive view of the carboxymethyl cellulose market to users of the report. Value chain analysis will provide details such as integration in the market, distribution channels, applications and end-user for the market. An analysis of Porter’s Five Forces model for the carboxymethyl cellulose market has also been included to help understand the competitive landscape of the market. The study encompasses a market attractiveness analysis, wherein end-user segments or product segments are benchmarked based on their market size, compounded annual growth rate (CAGR), general attractiveness and company market share. The report includes company market share analysis which helps to understand business strategies of the major manufacturers in the market.
The study provides a decisive view of the carboxymethyl cellulose market by segmenting it in terms of end-users. All end-user segments have been analyzed based on present and future trends, and the CAGR for the market has been estimated between 2013 and 2019. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also includes demand for individual end-users across all the regions.
The report covers a detailed competitive outlook including market share and company profiles of key participants operating in the global market. Key players profiled in the report include Akzo Nobel N.V., Ashland Inc., CP Kelco, Daicel Corporation, SINOCMC Co., Ltd., Penn Carbose Inc., Sichem LLC, Lamberti S.p.A, Yixing Tongda Chemical Co. Ltd. and The Dow Chemical Company Company profiles include attributes such as company overview, product portfolio, financial overview, business strategy, SWOT analysis and recent developments related to the market.
Inflation is not a part of pricing in this report. Prices of carboxymethyl cellulose and its derivatives vary in each region; hence, a similar volume to revenue ratio does not follow for each individual region. The same price for each application has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by end-user segment in each region. We use models and estimates in order to produce comprehensive data sets when there is no hard data available. We have used the bottom up approach to arrive at the global market considering individual application segments and integrating them to arrive at the global market. The applications have been further bifurcated using top down approach to derive the regional product market consumption.
For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
The market has been segmented as below:
Carboxymethyl Cellulose Market - End-user Analysis
- Food and beverages
- Oil drilling fluids
- Paper processing
- Personal care
- Paints and adhesives
- Others (Including industrial detergents and mining)
Carboxymethyl Cellulose Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World