New York , United States – Leading Competitors, The leading prominent companies profiled in the global carboxymethyl cellulose market are:, J.M. Huber Corporation, Ashland Global Holdings Incorporated, Quimica Amtex S.A., Amtex Chemicals, LLC, Changzhou Science & Technology Co. Limited, DKS Co. Limited, Carlyle Investment Management LLC, Formitex Empreendimentos e Participacoes Limited, Mikro-Technik GmbH & Company KG, Zibo Hailan Chemical Co., Limited, Chongqing Lihong Fine Chemicals Co., Limited, Other Prominent Players

The global carboxymethyl cellulose market value was US$ 1629.5 million in 2021. The global carboxymethyl cellulose market value is forecast to reach US$ 2,440.4 million by 2030, growing at a compound annual growth rate (CAGR) of 4% during the forecast period from 2022 to 2030.

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Pure cotton and wood pulp cellulose provide the raw material for carboxymethyl cellulose (CMC or Cellulose Gum). In the pharmaceutical, cosmetic & personal care, food & beverage, paint, and household care industries, it is known as cellulose gum or tylose powder. In addition, detergents, water-based paints, and paper processing use a great deal of carboxymethyl cellulose. Reduced-fat food products use carboxymethyl cellulose a lot. In addition to its use in candy preparation, it also improves the taste the texture of the products. Further, it ensures a smooth dispersion of the flavor oils. Margarine, chewing gums, and peanut butter contain it as an emulsifier.

The COVID-19 pandemic had negatively impacted the global carboxymethyl cellulose market. A number of countries worldwide have implemented lockdowns, curfews, which have severely impacted lifestyles, health and wellbeing, and manufacturing industries. A pandemic posed many challenges for exporters, including restrictions on import and export of goods, quarantine and lockdown measures, and a new trade war. There have been disruptions in the supply chain, lack of availability of workers, complete shutdowns of restaurants or quick-service restaurants (QSRs), the textile industry, the paper coating industry, and others that have negatively affected the market.

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The Asia Pacific region had the largest share of the total market volume in the carboxymethyl cellulose market. This region is likely to experience the fastest growth in the carboxymethyl cellulose market during the forecast period. Due to the large consumption in the oil & gas, pharmaceuticals, cosmetics, and food & beverage industries is forecast to drive the demand. As a result of increasing domestic demand coupled with low manufacturing costs, the pharmaceutical and cosmetics sectors in Japan, China, India, and South Korea are likely to drive cellulose market growth in the forecast period. As a result of rising disposable incomes and changing lifestyles, the demand for personal care products is forecast to grow in emerging economies, especially in India, China, Malaysia, and Indonesia.

The global carboxymethyl cellulose market segmentation focuses on Purity Level, Application, Property, and Region.

Segmentation based on Purity Level

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