Carboxymethyl Cellulose Industry Size

Carboxymethyl Cellulose Market worth $5.04 billion by 2030

The report "Carboxymethyl Cellulose Market by Application (Industrial, Pharmaceutical, Personal Care, Food & Beverage, Other Applications) and Region – Global Forecast to 2030" is projected to grow from USD 3.28 billion in 2025 and to reach USD 5.04 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period.

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The growth of the carboxymethyl cellulose market is primarily propelled by its increasing application in food & beverage, pharmaceutical, personal care, and industrial sectors. The increasing consumption of processed and convenience foods is increasing the application of carboxymethyl cellulose as an economical thickener, stabilizer, and emulsifier to enhance texture and shelf life, especially in Asia Pacific and other developing economies. Consumption of carboxymethyl cellulose is rising as a binder, disintegrant, viscosity modifier, and film-former in tablets, topical formulations, cosmetics, and skincare in the pharmaceutical and personal care sectors. The industrial application also contributes to the demand for carboxymethyl cellulose in drilling fluids and oil recovery. Technological development of cellulose processing, constant product innovation, and capacity developments also support the market growth.

The industrial segment is projected to be the fastest-growing application of carboxymethyl cellulose.

The industrial application is the fastest-growing segment of the carboxymethyl cellulose market. It is increasingly used in a wide range of large-volume industrial processes. There is a strong demand for carboxymethyl cellulose as a viscosifier and fluid-loss control additive to promote the efficiency of drilling and improve wellbore stability in the oil and gas sector. Carboxymethyl cellulose is also used in the mining industry in ore flotation, pelletizing, and suspension stabilization processes. The detergent and cleaning products industry depends on carboxymethyl cellulose as a soil-suspending agent. Carboxymethyl cellulose is used in adhesives, fabrics, and coatings to improve workability, consistency, binding power, and stability of formulations. With the increasing focus on sustainability, cost-efficiency, and bio-based options, carboxymethyl cellulose is emerging as a desirable ingredient.

The Middle East & Africa is projected to be the second-fastest growing market for carboxymethyl cellulose globally.

The Middle East & Africa region is the second-fastest growing market of carboxymethyl cellulose. The oil & gas sector in the region is increasing its consumption of carboxymethyl cellulose as it is a vital component in drilling mud composition. The region is witnessing investments in large-scale upstream and downstream energy projects in Saudi Arabia, the UAE, Qatar, and Kuwait. The construction, mining, textile, and water treatment sectors are also undergoing significant growth in the region, which also utilises the stabilizing, thickening, and binding properties of carboxymethyl cellulose.

The growth in disposable incomes, population, and urbanization in Africa and the Middle East is leading to the increased consumption of packaged foodstuffs, soft drinks, pharmaceutical products, toothpaste, and personal care products. Governments are encouraging local production in the region to cut dependence on imports, which is increasing the number of new processing plants for food processing, detergents, pharmaceuticals, and industrial products.

Key Players

Prominent companies in the market include AKKIM (Turkey), Ashland Global Holdings, Inc. (US), Nouryon Chemicals Holding B.V. (Netherlands), Shandong Head Co., Ltd. (China), Hebei Jiahua Cellulose Co., Ltd. (China), Nippon Paper Industries Co., Ltd (Japan), Daicel Corporation (Japan), and DKS Co., Ltd. (Japan), among others.

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Carboxymethyl Cellulose Market Size,  Share & Growth Report
Report Code
CH 3654
PR Published ON
8/10/2015
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