LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global carboxymethyl cellulose (CMC) market to grow at a CAGR of almost 5% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global carboxymethyl cellulose market for 2017-2021. The market is segmented based on application (food and beverages, pharmaceuticals and cosmetics, oil and gas, paper, and detergent) and geography (APAC, the Americas, Europe, and MEA).
The demand for CMC from APAC is expected to be the highest among all the regions because of the rapid expansion of the food and beverages industry in this region. In addition to this, the presence of a high consumption base in the region is expected to drive the growth of the market. CMC is used majorly in packed and ready-to-eat food and is expected to grow rapidly in the pharmaceuticals and cosmetics industry. CMC is also used as a soil suspension polymer in detergents and as a lubricant for artificial tears. Research says that the development of the pharmaceutical industry and the expansion of the oil and gas industry can lead to the high demand for CMC.
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Technavio chemicals and materials research analysts highlight the following three factors that are contributing to the growth of the global carboxymethyl cellulose market:
- Cost-effective
- Application of CMC as a stabilizing agent
- Rising awareness of healthy and processed food
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Cost-effective
CMC is a cellulose derivative, produced by the catalyzed reaction of cellulose and chloroacetic acid. It is mainly used as a thickener in various applications such as food and beverages, pharmaceuticals, cosmetics, paper making, and detergents. CMC is a more cost-effective and high-performance derivative compared to other cellulose derivatives such as HPC and HEC, and other synthetic stabilizers and thickening agents that are used in pharmaceuticals, paper industries, and other applications.
Kurva Samba Sivudu, a lead specialty chemicals research analyst at Technavio, says, “This cost-effective factor has made both small-scale and large-scale manufacturers to use CMC in the medical industry. It has reduced the cost of medical dressing, extensively. Research says that CMC-based dressing has resulted in healing ulcers faster than gauze-based dressing, at a lesser cost.”
Application of CMC as a stabilizing agent
CMC is used as a viscosity improver and as a stabilizing agent in many frozen food and beverages, especially ice cream and finished wines. It avoids the use of salt ice mixers in ice creams, which reduces the cost of production, and prevents the formation of potassium bitartrate crystals, in the finished wine after bottling, thereby saving energy and processing time. Further, it results in the elimination of expensive cold stabilizers in food and beverages.
“CMC is used as a stabilizing agent in the preparation of metal nanoparticles that are used in various applications. It is used extensively in ice packs to retain a lower freezing point. The use of CMC as a stabilizing agent has led to reduced production cost and less consumption of other cooling agents, which has increased the overall demand for CMC in the global market,” adds Kurva.
Rising awareness of healthy and processed food
CMC is used as a fat replacer in ready-to-eat food that has influenced the interest of consumers. It adds thickness and texture to low-calorie food products such as fat-free ice cream. CMC extends the solubility of proteins to a certain pH level. It is mixed with whey protein concentrates to replace the use of egg protein and skimmed milk in the formation of cakes; this has reduced the fat content in various food products, especially in bakery products like cakes and biscuits.
In various processed food and healthy nutrition bars, it is used to make the food thick and creamy without adding fat to it. It is used as a low-fat ingredient in various products. Therefore, the demand for CMC is increasing in the food industry with the rising awareness of the consumption of healthy and processed food. The preference of consumers toward low-fat food containing CMC has increased, which has led to an increase in the growth of the CMC market.
Top vendors:
- Akzo Nobel
- CP Kelco
- Daicel
- NIPPON PAPER INDUSTRIES
- The Dow Chemical
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