Asia Pacific Carboxymethyl Cellulose Market Size, Share & Industry Trends Analysis Report By Purity Level, By Application, By Property, By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Carboxymethyl Cellulose Market would witness market growth of 3.7% CAGR during the forecast period (2021-2027).
Carboxymethyl cellulose is majorly being utilized as a key component in the production of various other goods such as pencils, paper boxes, mosquito coils, and numerous other products. Additionally, carboxymethyl cellulose is employed as a water retention agent and viscosity modifier in oil drilling mud, which is likely to expedite the demand for carboxymethyl cellulose across a vast variety of markets for a diversified utilization.
By minimizing the requirement for fat, CMC improves the loaf's quality while lowering the cost. In high-quality biscuits, CMC is used as an emulsifier. It enhances the release of the dough from the molds and cutters by dispersing fat uniformly in the dough, resulting in well-shaped cookies with no deformed edges. It may also assist in reducing the amount of egg yolk or fat used in the biscuits' preparation.
The increased consumption of carboxymethyl cellulose across the region is mostly attributed to high demand from important end-user sectors such as food and beverage manufacturing, as well as pharmaceutical and cosmetics in key nations including China, Japan, and India. The manufacturing center for carboxymethyl cellulose is Asia-Pacific. China and Japan are the two main CMC producers in the region. China has a huge number of domestic producers who supply CMC at relatively lower costs, posing a threat to global export market participants.
The China market dominated the Asia Pacific Carboxymethyl Cellulose Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $189.7 million by 2027. The Japan market would exhibit a CAGR of 3.1% during (2021 - 2027). Additionally, The India market is expected to witness a CAGR of 4.3% during (2021 - 2027).
Based on Purity Level, the market is segmented into Highly Purified, Technical Grade, and Industrial Grade. Based on Application, the market is segmented into Food & Beverages, Pharmaceutical, Paint & Textile, Oil & Refining, Cosmetics & Personal Care, Paper Coating & Household Care, and Others. Based on Property, the market is segmented into Thickening Agent, Stabilizer, Lubricator, Emulsifier, Binder & Anti-repository Agent, and Excipient. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DKS Co. Ltd., Nippon Paper Industries Co., Ltd., Akzo Nobel N.V., The Dow Chemical Company, Ashland Global Holdings, Inc., Zibo Hailan Chemical Co., Ltd., Chongqing Lihong Fine Chemicals Co., Ltd., J.M. Huber Corporation, and Amtex Corp SA de CV.
Scope of the Study
Market Segments Covered in the Report:
By Purity Level
- Highly Purified
- Technical Grade
- Industrial Grade
- Food & Beverages
- Paint & Textile
- Oil & Refining
- Cosmetics & Personal Care
- Paper Coating & Household Care
- Thickening Agent
- Binder & Anti-repository Agent
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- DKS Co. Ltd.
- Nippon Paper Industries Co., Ltd.
- Akzo Nobel N.V.
- The Dow Chemical Company
- Ashland Global Holdings, Inc.
- Zibo Hailan Chemical Co., Ltd.
- Chongqing Lihong Fine Chemicals Co., Ltd.
- J.M. Huber Corporation
- Amtex Corp SA de CV
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