Carboxymethyl Cellulose Market Expected Value Up to $1.46 Billion by 2020
Carboxymethyl Cellulose Market by Application (Oil & Gas, Paper, Detergents, Food & Beverages, Pharmaceutical & Cosmetics, and Others (Ceramics, Paints, Construction, Mining, Textiles Processing and Adhesives)) & by Geography.
Pune, India -- (SBWire) -- 09/29/2015 --The report "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", defines and segments the global carboxymethyl cellulose market with analysis and forecasting in terms of volume and value.
Browse 70 tables and 56 figures spread through 118 pages and in-depth TOC on "Carboxymethyl Cellulose Market - Trends & Forecasts to 2020"
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The carboxymethyl cellulose market is projected to grow at a CAGR of 4.2% between 2015 and 2020, in terms of value. The largest application of carboxymethyl cellulose is the food and beverages segment. The demand for carboxymethyl cellulose is mainly driven by the growth of processed food industry. The increasing demand of ready-to-eat and low-fat food is positively impacting the CMC market growth. The demand for CMC is also driven by the increasing pharmaceutical and cosmetics production and the growing oil drilling and exploration activities.
The consumption of carboxymethyl cellulose is the highest in the Asia-Pacific region. The region accounted for approximately 38.6% of the total market in 2014 in terms of volume. The region is projected to register the highest CAGR of 4.3%, in terms of volume, between 2015 and 2020. The growth will be largely from key countries such as China and India, owing the rapid growth of end-user industries.
The top companies in the carboxymethyl cellulose market include Akzo Nobel N.V., CP Kelco U.S., Inc., (A Subsidiary Of J.M. Huber Corporation Company), Ugur Seluloz Kimya A.S, Química Amtex S.A. De C.V, The Dow Chemical Company, DKS Co. Ltd., Nippon Paper Industries Co. Ltd, Daicel Corporation, Ashland Inc., and Lamberti S.P.A.
The carboxymethyl cellulose market is expected to grow from an estimated $1.15 Billion in 2014 to $1.46 Billion by 2020, with a CAGR of 4.2% between 2015 and 2020.
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