Carboxymethyl cellulose is cellulose gum which is extracted from wood pulp and pure cotton. Cellulose gum is widely used across various industries including oil & gas, agriculture, cosmetics & personal care, paint, paper processing, pharmaceutical, food & beverages, and household care industries.

Key companies covered as a part of this study Azko Nobel N.V., Ashland Inc., CP Kelco, Daicel Corporation, The Dow Chemical Company, Lamberti S.p.A., Penn Carbose Inc., Sichem LLC, SINCOCMC Co. Ltd, and Yixing Tongda Chemical Co. Ltd.

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Market Opportunities

Increasing iron ore and taconite mining is expected to provide potential opportunities for carboxymethyl cellulose. It is widely used across mining flotation applications for separating the impurities and metals. Basically, it is used as a modifier in the mining floatation process. Moreover, it is also used in nickel ore as it easily gets absorbed by minerals surfaces. Thus, growing demand across mining application is projected to foster the market growth of carboxymethyl cellulose.

Market Trends/Key Takeaways

Increasing strategic alliance such as merger and acquisition among key manufacturer for business expansion on global as well as the regional level is a growing trend. For instance, in January 2020, Nouryon has signed an agreement to acquire JM Huber’s carboxymethyl cellulose (CMC) business. This acquisition add production capabilities of a complete line of CMC grades to Nouryon’s carboxymethyl cellulose product portfolio.

Key features of the study:

• This report provides in-depth analysis of the global carboxymethyl cellulose market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players

Carboxymethyl Cellulose Market – Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has changed the consumer buying pattern and have made consumer conservative, leading to decline in their spending for non-essentials products. On the other hand, the demand for homecare products and personal hygiene is expected to rise in the forecast period owing to growing awareness among consumers to minimize the chances of infection during the pandemic situation.

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Frequently Asked question:

1. What will be the progress rate of the Carboxymethyl Cellulose Market for the conjecture period, 2020-2027?
2. What are the prominent factors driving the Carboxymethyl Cellulose Market across different regions?
3. Who are the major vendors dominating the Carboxymethyl Cellulose industry and what are their winning strategies?
4. What will be the market scope for the estimated period?
5. What are the major trends shaping the expansion of the industry in the coming years?