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Growing Processed Food Industry to Drive the Demand for CMC
The global carboxymethyl cellulose market is driven by the growing processed food industry. Carboxymethyl cellulose is widely used in the food industry as stabilizer, binder, thickener, and suspension agent. It is extensively used in ice creams production as a thickening agent, in bakery products to increase volume, and as a fat reducing agent in fried foods. The rapid urbanization and increased disposable income in key emerging economics such as India, China, Mexico, Brazil, Africa and Eastern Europe has led to increasing demand for processed food and in turn driving the demand for CMC.
The carboxymethyl cellulose market is expected to grow at a compounded annual growth rate of 3.7% between 2015 and 2020, in terms of volume. The market is projected to reach 472.7 kilo tons by 2020. Asia-Pacific and Europe are largest markets for carboxymethyl cellulose. The demand from these regions is driven by the huge food processing and pharmaceutical manufacturing industries. These regions are also the manufacturing hubs of CMC. China and Japan in Asia-Pacific and Finland, Turkey, Netherlands, and Italy in Europe are the major CMC manufacturing countries that exports large quantities of CMC to the countries in North America and Rest of the World.
Purified grade CMC (99.5%) is used in food and beverages applications. The widely accepted U.S. Code of Federal Regulations (CFR), Title 21, Section 182.1745 has mentioned CMC as Generally Recognized as Safe (GRAS) substance for use as direct food additive. Guar gum poses threat to the overall CMC market. CMC can be effectively replaced by guar gum in majority of the applications. The green/natural label associated with guar gum is an added advantage for the product to substitute CMC in several applications. However, the current high price of guar gum is a major factor retraining the penetration.
Carboxymethyl Cellulose Market by Application (Food & Beverages, Pharmaceutical & Cosmetics, Oil & Gas, Paper, Detergents, and Others (Mining, Textiles Processing, Ceramics, Paints, Construction, and Adhesives)) - Trends & Forecasts to 2020
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