The Europe Carboxymethyl Cellulose Market would witness market growth of 3.3% CAGR during the forecast period (2021-2027).
CMC also functions as a thickening agent that facilitates the enhancement of the viscosity of a liquid without affecting its other properties significantly. A broad diversity of edibles including Sauces, puddings, and soups comprises carboxymethyl cellulose. Also, carboxymethyl cellulose can be utilized with the purpose to manufacture ingredients for film foaming. This film plays a major role in preventing wounds from mild to lethal infections. Further, carboxymethyl cellulose is the component which is used to make gauze dressings.
CMC is also being employed in the preparation of gels, the disintegration of tablets, the transportation of pharmaceuticals, and as a stabilizer for emulsions, suspensions, and sprays. Moreover, due to the need for carboxymethyl cellulose in the preparation of trans catheter arterial perfusion anticancer medicines, it is also used in the treatment of one of the most hazardous diseases, liver cancer.
Europe is a lucrative hub for carboxymethyl cellulose due to the growing utilization of the product in the manufacturing of a vast range of goods. The increasing utilization and production of personal care products across the market in key countries such as Germany, Italy, France, and the United Kingdom is likely to have a beneficial impact on the carboxymethyl cellulose industry. The increasing use of CMC in synthetic and organically derived personal care and beauty products is anticipated to rise rapidly in upcoming years.
The Germany market dominated the Europe Carboxymethyl Cellulose Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $140 million by 2027. The UK market would witness a CAGR of 2.5% during (2021 - 2027). Additionally, The France market is anticipated to grow a CAGR of 4.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Carboxymethyl Cellulose Market Size will Hit $1.9 Billion by 2027, at a CAGR of 3.7%
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.
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