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Carboxymethyl cellulose market: APAC held 39% in 2022, Food and beverages segment to grow at the highest rate - Technavio

NEW YORK, Nov. 29, 2022 /PRNewswire/ -- The carboxymethyl cellulose market size is estimated to grow by USD 509.15 million. The growth momentum of the market will accelerate at a CAGR of 5.62% during the forecast period, according to Technavio. APAC held 39% of the global carboxymethyl cellulose market growth in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period. The growing consumption of packaged food products will facilitate the carboxymethyl cellulose market growth in APAC over the forecast period.

Technavio has announced its latest market research report titled Global Carboxymethyl Cellulose Market 2023-2027

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Carboxymethyl cellulose market: Segmentation analysis

Technavio has segmented the carboxymethyl cellulose market based on application (food and beverages, pharmaceutical and cosmetics, oil and gas, paper, and others), grade type (highly purified, technical grade, and industrial grade), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.

  • The food and beverages segment will grow at the highest rate during the forecast period. Carboxymethyl cellulose has many applications in food and beverage products. It is used as a food additive for various products. Carboxymethyl cellulose is a stabilizing, suspension, and thickening agent, as it can control the rheological property, structure, flavor, and appearance of products and their pseudoplastic properties. Some companies have recently announced expansion plans. For instance, in October 2020, Koita Foods announced the launch of a new soymilk line in the US. Such product portfolio expansions by food processing companies can increase the demand for carboxymethyl cellulose for food and beverage applications during the forecast period.

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Key factors driving market growth

  • The rapid growth of online retail sales is driving the global CMC market growth.
  • The significant rise in online retail sales of carboxymethyl cellulose is primarily attributed to factors such as high internet penetration and the advent of various advanced gadgets such as smartphones and tablets.
  • Moreover, many vendors are offering products under the carboxymethyl cellulose category, and the presence of many online retailers is increasing.
  • These factors will drive the market's growth over the coming years.

Leading trends influencing the market

  • The personalization and customization of carboxymethyl cellulose will be a key trend in the global CMC market.
  • Personalization and customization are attracting many customers. For example, bedsheets and bath towels can be easily personalized, as carboxymethyl cellulose is used in textile dye processing.
  • Many consumers purchase unique home textile products as a part of their home decor. Hence, the availability of a broad range of personalized and customized products will support the global carboxymethyl cellulose market during the forecast period.

Drivers and trends are the factors of market dynamics that state about consequences and sustainability of businesses. Find insights from a free sample report!

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Buy the report

What are the key data covered in this carboxymethyl cellulose market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the carboxymethyl cellulose market between 2022 and 2026
  • Precise estimation of the size of the carboxymethyl cellulose market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the carboxymethyl cellulose market across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of carboxymethyl cellulose market vendors

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  • The cellulose derivatives market size is projected to increase by USD 2.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.57%. Furthermore, this report extensively covers cellulose derivatives market segmentation by end-user (construction, food and beverages, cosmetics, pharmaceuticals, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Carboxymethyl cellulose market scope

Report Coverage

Details

Page number

120

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.62%

Market growth 2023-2027

USD 509.15 million

Market structure

Fragmented

YoY growth (%)

4.97

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, China, India, UK, and Germany

Competitive landscape

Leading companies, market positioning of vendors, competitive strategies, and industry risks

Companies profiled

Allwyn Chem Industries, Amar Cellulose Industries, Ashland Global Holdings Inc., Barzaghi Srl Unipersonale, Cellulose Solutions Pvt Ltd., CMC SA, Daicel Miraizu Ltd., DKS Co. Ltd., Foodchem International Corp., Hefei TNJ Chemical Industry Co. Ltd., Jining Fortune Biotech Co. Ltd., Lamberti SpA, Nilkanth Organics, Nippon Paper Industries Co. Ltd., Nouryon Chemicals Holding BV, Patel Industries, Quimica Amtex SA De CV, Univar Solutions Inc., and USK Kimya Inc.

Market Dynamics

parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Browse for Technavio "materials market" research reports

Table of content

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Grade Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global carboxymethyl cellulose market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global carboxymethyl cellulose market 2017 - 2021 ($ million)
  • 4.2 Region Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Region Segment 2017 - 2021 ($ million)
  • 4.3 Application Segment Analysis 2017 - 2021
    • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
  • 4.4 Purity Level Segment Analysis 2017 - 2021
    • Exhibit 21: Historic Market Size – Purity Level Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments 
    • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Food and beverages - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)
  • 6.4 Pharmaceutical and cosmetics - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Pharmaceutical and cosmetics - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Pharmaceutical and cosmetics - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Pharmaceutical and cosmetics - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Pharmaceutical and cosmetics - Year-over-year growth 2022-2027 (%)
  • 6.5 Oil and gas - Market size and forecast 2022-2027
    • Exhibit 42: Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
  • 6.6 Paper - Market size and forecast 2022-2027
    • Exhibit 46: Chart on Paper - Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Data Table on Paper - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Chart on Paper - Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on Paper - Year-over-year growth 2022-2027 (%)
  • 6.7 Others - Market size and forecast 2022-2027
    • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 6.8 Market opportunity by Application 
    • Exhibit 54: Market opportunity by Application ($ million)

7 Market Segmentation by Grade Type

  • 7.1 Market segments 
    • Exhibit 55: Chart on Grade Type - Market share 2022-2027 (%)
    • Exhibit 56: Data Table on Grade Type - Market share 2022-2027 (%)
  • 7.2 Comparison by Grade Type 
    • Exhibit 57: Chart on Comparison by Grade Type
    • Exhibit 58: Data Table on Comparison by Grade Type
  • 7.3 Highly purified - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Highly purified - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Highly purified - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Highly purified - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Highly purified - Year-over-year growth 2022-2027 (%)
  • 7.4 Technical grade - Market size and forecast 2022-2027
    • Exhibit 63: Chart on Technical grade - Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on Technical grade - Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on Technical grade - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Technical grade - Year-over-year growth 2022-2027 (%)
  • 7.5 Industrial grade - Market size and forecast 2022-2027
    • Exhibit 67: Chart on Industrial grade - Market size and forecast 2022-2027 ($ million)
    • Exhibit 68: Data Table on Industrial grade - Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Chart on Industrial grade - Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on Industrial grade - Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Grade Type 
    • Exhibit 71: Market opportunity by Grade Type ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 75: Chart on Geographic comparison
    • Exhibit 76: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027
    • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027
    • Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.7 South America - Market size and forecast 2022-2027
    • Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.8 China - Market size and forecast 2022-2027
    • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.9 US - Market size and forecast 2022-2027 
    • Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.10 India - Market size and forecast 2022-2027
    • Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.11 UK - Market size and forecast 2022-2027
    • Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.12 Germany - Market size and forecast 2022-2027
    • Exhibit 113: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 114: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 115: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 116: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 120: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 121: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 122: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 123: Matrix on vendor position and classification
  • 12.3 Allwyn Chem Industries 
    • Exhibit 124: Allwyn Chem Industries - Overview
    • Exhibit 125: Allwyn Chem Industries - Product / Service
    • Exhibit 126: Allwyn Chem Industries - Key offerings
  • 12.4 Amar Cellulose Industries 
    • Exhibit 127: Amar Cellulose Industries - Overview
    • Exhibit 128: Amar Cellulose Industries - Product / Service
    • Exhibit 129: Amar Cellulose Industries - Key offerings
  • 12.5 Ashland Global Holdings Inc. 
    • Exhibit 130: Ashland Global Holdings Inc. - Overview
    • Exhibit 131: Ashland Global Holdings Inc. - Business segments
    • Exhibit 132: Ashland Global Holdings Inc. - Key news
    • Exhibit 133: Ashland Global Holdings Inc. - Key offerings
    • Exhibit 134: Ashland Global Holdings Inc. - Segment focus
  • 12.6 Barzaghi Srl Unipersonale 
    • Exhibit 135: Barzaghi Srl Unipersonale - Overview
    • Exhibit 136: Barzaghi Srl Unipersonale - Product / Service
    • Exhibit 137: Barzaghi Srl Unipersonale - Key offerings
  • 12.7 Cellulose Solutions Pvt Ltd. 
    • Exhibit 138: Cellulose Solutions Pvt Ltd. - Overview
    • Exhibit 139: Cellulose Solutions Pvt Ltd. - Product / Service
    • Exhibit 140: Cellulose Solutions Pvt Ltd. - Key offerings
  • 12.8 Daicel Miraizu Ltd. 
    • Exhibit 141: Daicel Miraizu Ltd. - Overview
    • Exhibit 142: Daicel Miraizu Ltd. - Product / Service
    • Exhibit 143: Daicel Miraizu Ltd. - Key offerings
  • 12.9 DKS Co. Ltd. 
    • Exhibit 144: DKS Co. Ltd. - Overview
    • Exhibit 145: DKS Co. Ltd. - Business segments
    • Exhibit 146: DKS Co. Ltd. - Key offerings
    • Exhibit 147: DKS Co. Ltd. - Segment focus
  • 12.10 Hefei TNJ Chemical Industry Co. Ltd. 
    • Exhibit 148: Hefei TNJ Chemical Industry Co. Ltd. - Overview
    • Exhibit 149: Hefei TNJ Chemical Industry Co. Ltd. - Product / Service
    • Exhibit 150: Hefei TNJ Chemical Industry Co. Ltd. - Key offerings
  • 12.11 Lamberti SpA 
    • Exhibit 151: Lamberti SpA - Overview
    • Exhibit 152: Lamberti SpA - Product / Service
    • Exhibit 153: Lamberti SpA - Key offerings
  • 12.12 Nilkanth Organics 
    • Exhibit 154: Nilkanth Organics - Overview
    • Exhibit 155: Nilkanth Organics - Product / Service
    • Exhibit 156: Nilkanth Organics - Key offerings
  • 12.13 Nippon Paper Industries Co. Ltd. 
    • Exhibit 157: Nippon Paper Industries Co. Ltd. - Overview
    • Exhibit 158: Nippon Paper Industries Co. Ltd. - Business segments
    • Exhibit 159: Nippon Paper Industries Co. Ltd. - Key offerings
    • Exhibit 160: Nippon Paper Industries Co. Ltd. - Segment focus
  • 12.14 Nouryon Chemicals Holding BV 
    • Exhibit 161: Nouryon Chemicals Holding BV - Overview
    • Exhibit 162: Nouryon Chemicals Holding BV - Business segments
    • Exhibit 163: Nouryon Chemicals Holding BV - Key news
    • Exhibit 164: Nouryon Chemicals Holding BV - Key offerings
    • Exhibit 165: Nouryon Chemicals Holding BV - Segment focus
  • 12.15 Patel Industries 
    • Exhibit 166: Patel Industries - Overview
    • Exhibit 167: Patel Industries - Product / Service
    • Exhibit 168: Patel Industries - Key offerings
  • 12.16 Quimica Amtex SA De CV 
    • Exhibit 169: Quimica Amtex SA De CV - Overview
    • Exhibit 170: Quimica Amtex SA De CV - Product / Service
    • Exhibit 171: Quimica Amtex SA De CV - Key offerings
  • 12.17 Univar Solutions Inc. 
    • Exhibit 172: Univar Solutions Inc. - Overview
    • Exhibit 173: Univar Solutions Inc. - Business segments
    • Exhibit 174: Univar Solutions Inc. - Key news
    • Exhibit 175: Univar Solutions Inc. - Key offerings
    • Exhibit 176: Univar Solutions Inc. - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 177: Inclusions checklist
    • Exhibit 178: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 179: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 180: Research methodology
    • Exhibit 181: Validation techniques employed for market sizing
    • Exhibit 182: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 183: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

Global Carboxymethyl Cellulose Market 2023-2027

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