Carboxymethylcellulose Global Market on Slow, Steady Rise

January 08, 2018

WELLESLEY, Mass., Jan 08, 2018 –  Rising demand for low-fat and gluten-free food and beverage products, an expanding global consumer goods and pharmaceuticals market, and a rebounding global oil and gas industry are driving carboxymethylcellulose demand. In a new report,  Carboxymethylcellulose (CMC): Technologies, Applications and Emerging Markets, BCC Research estimates the global market for carboxymethylcellulose (CMC) will reach $1.0 billion and $1.2 billion in 2017 and 2022, respectively, indicating a compound annual growth rate (CAGR) of 3.1%.

The global market for CMC is a fragmented, competitive landscape comprising some of world's leading chemical companies and several domestic companies, all of which are vying for market share. Chemicals and materials giants such as Ashland Inc., AkzoNobel N.V., The Dow Chemical Company, J.M. Huber Corp. (CP Kelco) and Daicel Corp. have invested billions of dollars in focused research and development, and capacity expansion. Owing to CMC’s multi-functional characteristics, the market has seen a vast influx of investment from both CMC producers and end product manufacturing companies in recent years.

After a three-year lag, demand for CMC picked up in 2017, mostly due to rising levels of rig activities, particularly in the United States. China and India, spurred by growth in end-user industries, are key drivers of market growth. However, CMC substitutes such as guar gum, alginates and other polyanionic cellulose (PAC) products, along with the recent “clean label” trend in the food and beverage industry, will hamper market growth.

Research Highlights

  • Food is expected to continue as the dominant application for CMC.
  • The market for oil and gas is expected to surpass personal care by 2022.
  • The Asia-Pacific (APAC) and Europe regions hold about 85% share of global production of CMC.

“In addition to the top manufacturers, a group of Chinese manufacturers dominate the technical grade CMC and its global pricing,” said Arpita Mukherjee, BCC Research analyst and author of the report. “Many producers in this country have overbuilt capacity in CMC production, which is now being forced by economics to seek export markets for this commodity. It also appears that Chinese exports of CMC are driving down the price further and threatening exporters that produce them in other countries. Many manufacturers in non-Chinese developing countries are trying to replicate the Chinese economic story by rapidly expanding their industrial bases, but they lack the economies of scale to compete at the price points of the China based manufacturers. Even developed nations in Europe are likely to face increasing risk of further loss in the market.”

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Carboxymethylcellulose (CMC): Technologies, Applications and Emerging Markets( CHM079A )
Publish Date: Dec 2017    

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