Carboxymethyl Cellulose Market Size, Share & Trends Analysis Report By Purity Level (Highly Purified, Technical Grade, Industrial Grade), By Application (Food and Beverages, Oil and refining, Pharmaceutical, Paint and Textile, Cosmetics and Personal Care, Paper Coating and Household Care, Others), By Property (Thickening Agent, Stabilizer, Binder, Anti-repository Agent, Lubricator, Emulsifier, Excipient) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Overview

The global carboxymethyl cellulose market size was valued at USD 1.84 billion in 2022 and is projected to reach USD 2.64 billion by 2031, registering a CAGR of 4.1% during the forecast period (2023-2031).

Carboxymethyl cellulose (CMC) is a popular and flexible cellulose derivative. It is generated from cellulose, a natural polymer in plant cell walls. CMC is created by chemically altering cellulose by adding carboxymethyl groups. This change improves its water-solubility and thickening capabilities, making it a desirable constituent in various industries and applications.

Global market share is rising due to increasing demand for food additives, gluten-free products, and technological advancements. In the short term, numerous uses of CMC as additives in the food and beverage industries are projected to remain the primary driver driving global expansion. Other supportive market factors include the high demand for carboxymethyl cellulose as a viscosifier in oil drilling activities and as a pellet binder and flotation depressant in the mining industry. However, the availability of replacements, such as using guar gum as a thickening and stabilizer in the food sector, is a critical issue expected to limit the target industry's growth throughout the projection period.

Highlights

• Highly Purified holds the major share based on purity level.
• Food and beverages topped the market by application.
• By property, the Thickening agent owns the highest share of the market.
• Asia-Pacific is the leading region in the global market.

Market Dynamics

Global Market Drivers

Growing Demand in the Food and Beverage Industry

The capacity of CMC to stabilize and enhance the mouthfeel of sauces, gravies, and condiments in the food sector adds to its increasing use. As customers seek convenience and quality in their food items, demand for CMC as a food additive will likely rise steadily. The use of carboxymethyl cellulose in various food items was investigated in research published in the Journal of Food Processing and Preservation.

CMC's usefulness as a stabilizer, thickener, and texture improver in a wide range of culinary applications, including dairy products, sauces, dressings, and bakery goods, was emphasized in the research. This highlights CMC's adaptability and vast application in the food business. CMC's function in improving the quality and sensory qualities of food items and its cost-effectiveness and environmental friendliness make it a significant component in the food and beverage sector. This sector's ongoing expansion is projected to propel the market.

Global Market Restraints

Exposure-Related Adverse Reaction

Adverse responses to carboxymethyl cellulose (CMC) can substantially impede the market, especially in businesses where safety and consumer health are critical. While CMC is usually considered harmless and widely utilized in various applications, some people may develop allergic responses or sensitivities to CMC-containing goods. CMC is often used as a thickening and stabilizer in personal care items such as lotions, creams, and cosmetics. While CMC is deemed safe for most customers, some may experience skin irritation, redness, or itching after using CMC-containing products. These negative responses cause discomfort and may dissuade customers from utilizing products containing CMC.

Contact dermatitis, which includes skin responses caused by allergens such as CMC, affects around 14.5 million Americans yearly, according to a study published in the Journal of the American Academy of Dermatology. Although the exact number of CMC-related responses is unknown, it highlights the importance of allergenic potential in personal care products. Thereby driving the carboxymethyl cellulose market growth.

Global Market Opportunities

Expansion in Pharmaceutical and Healthcare Industries

Carboxymethyl cellulose (CMC) is commonly utilized as an excipient in many therapeutic formulations in the pharmaceutical industry. It has useful properties such as binding, disintegration, and controlled release of active pharmaceutical ingredients (APIs), making it a preferred choice for oral solid dosage forms such as tablets and capsules. CMC is used in wound healing and tissue engineering in the healthcare industry. It's utilized to make bioactive dressings and scaffolds that encourage tissue regeneration and wound healing. CMC's biocompatibility and capacity to retain moisture make it ideal for generating an environment favorable to wound healing.

The significance of CMC in wound healing and tissue engineering applications is projected to open up new avenues for manufacturers and researchers to produce breakthrough medical solutions that answer the world's expanding healthcare demands. CMC's flexibility as an excipient and biocompatibility give prospects for additional research and development as the pharmaceutical and healthcare sectors progress and explore novel treatment methods.

Regional Analysis

Asia-Pacific Dominates the Global Market

The global carboxymethyl cellulose market is analyzed in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

Asia-Pacific is predicted to rise at a substantial CAGR of 4.3% throughout the forecast period. During the foreseeable period, the region is expected to retain its dominance. The key element driving the expansion of the target sector in the Asia-Pacific area is the rising demand for CMC in food and beverage, cosmetics, and pharmaceutical applications. Increasing population demand for convenience foods, secondary and tertiary processed foods, and other food items in nations such as China, India, Malaysia, Indonesia, Bangladesh, and others is likely to fuel regional expansion. Furthermore, a strong crude oil industry base fuels regional prosperity. China is the top producer of carboxymethyl cellulose, followed by Japan because of the concentration of several major and minor businesses such as Nippon Paper Industries Co., Ltd., DKS Co., Ltd., Chongqing Lihong Fine Chemicals Co., Ltd., Zibo Hailan Chemical Co., Ltd., and Qingdao Sinocmc Chemical Co., Ltd. The region's CMC manufacturing companies are expanding due to the simple availability of raw ingredients and cheap labor.

Additionally, China meets international demand for CMC through massive shipments. Proctor and Gamble (P&G), the maker of brands such as Aerial and Tide, would invest INR 200 crores to build a liquid detergent production factory in Hyderabad, India, in May 2022. This is projected to increase CMC use in India's detergent manufacturing. The carboxymethyl cellulose market in China is increasing rapidly due to rising demand from various end-use industries. Similarly, rising consumer expenditure on processed foods, medicines, and cosmetics and increasing manufacturers may auger the country’s market well during the next ten years.

North America holds a sizeable global market share and is expected to boost at a CAGR of 3.9% during the forecast period. Due to massive oil reserves, the availability of a substantial production base for oil drilling fluids is likely to increase demand for carboxymethyl cellulose, a key thickening agent used on oilfield chemicals. Furthermore, rising consumer awareness of the health advantages of gluten-free goods is driving up demand for food-grade CMC. During the projection period, the United States is estimated to account for around 12.0% of the worldwide market and to be one of North America's largest markets for carboxymethyl cellulose. The rising use of carboxymethyl cellulose in applications such as food and beverage, oil field drilling fluid, cosmetic and pharmaceutical, and paint and coating is driving growth in the U.S. market.

Furthermore, changing lifestyles, increased urbanization, and rising disposable income have created a massive demand for food and drinks, paints, detergents, cosmetics, and medications. As carboxymethyl cellulose is increasingly being utilized in these products, increased production and sales may eventually drive market growth in the nation throughout the projection period. Similarly, prominent carboxymethyl cellulose producers, the adoption of new production methods, and rising demand for gluten-free food items may drive the market in the United States to expand over the next ten years.

Europe is a considerable market for carboxymethyl cellulose, owing to its widespread use in various industries such as food and drinks, pharmaceuticals, personal care, and others. The region's strong food and pharmaceutical safety standards and the rising demand for natural and sustainable components contribute to the market's expansion. CMC is an excipient in numerous medicinal formulations, oral care products, and cosmetic applications in the pharmaceutical and personal care sectors. It can manufacture tablets, suspensions, ointments, and lotions because of its binding and thickening qualities. The European Federation for Cosmetic Ingredients estimates that the European personal care and cosmetics business will be worth 77.6 billion euros in 2020. The region's elderly population and a growing interest in personal grooming and skincare drive demand for CMC in personal care products. As a result, the European market will likely expand more in the next few years.

The vast crude oil extraction industry in the Middle East is anticipated to be a major market driver due to the rising demand for detergents and oil drilling fluid. The rising demand for crude oil and petroleum products worldwide is expected to spur an uptick in oil drilling in the region.

Segmental Analysis

The global market is segmented based on purity level, application, property, and region.

For better understanding, purity level is further segmented into Highly Purified, Technical Grade, and Industrial Grade.

Highly Purified holds the major share of the market.

Highly purified

Highly purified CMC is the purest and most high-quality grade available. It's widely utilized in industries that need high quality and safety requirements, such as medicines, food, and personal care. CMC, which has been highly purified, has few impurities and pollutants, making it appropriate for crucial applications.

Technical Grade

The Technical Grade CMC is classified as both highly refined and industrial grade. It is less pure than fully purified CMC but is acceptable for various technical applications in construction, ceramics, and textiles.

The segment can be bifurcated by application into Food and Beverages, Oil and refining, Pharmaceutical, Paint and Textile, Cosmetics and Personal Care, Paper Coating and Household Care, and Others.

Food and beverages topped the market.

Food and Beverages

CMC is widely used as a stabilizer, thickener, and texturizer in the food and beverage industries. It improves the texture and stability of various culinary products, such as sauces, dressings, ice creams, and baked goods.

Oil and refining

CMC is a drilling fluid additive in the oil and refining industries to regulate fluid viscosity and increase drilling efficiency. It is also used in oil well cementing and fracturing fluids.

Based on the property, the market can be categorized into Thickening Agents, Stabilizers, Binders, Anti-repository Agents, Lubricators, Emulsifiers, and Excipients.

Thickening agent owns the highest share of the market.

Thickening Agent

CMC is commonly used as a thickener in various applications, including culinary, pharmaceutical formulations, and personal care products. It imparts viscosity to liquid and semisolid formulations and enhances their texture.

Stabilizer

Many industries, including food and beverage, paint and coatings, and pharmaceuticals, use CMC as a stabilizer. It aids in maintaining the consistency and stability of emulsions and suspensions.

Recent Developments

• July 2023- CP Kelco Introduced Citrus Fiber in Australia at Foodpro 2023.
• June 2023- Ashland unveiled PolyplasdoneTM Plus multifunctional disintegrant for enhanced pharmaceutical process output.
• June 2023- AkzoNobel introduced the first online energy savings calculator for the powder coatings industry.