The Latin America, Middle East and Africa Carboxymethyl Cellulose Market would witness market growth of 6.0% CAGR during the forecast period (2021-2027).
Because of environmental concerns, government subsidies have been increased, and the removal or decrease of the usage of gasoline and diesel, e-vehicles are becoming more popular. The old graphite anode materials have been replaced by high specific capacity anode materials such as metal oxides and alloys in lithium-ion batteries, which are widely being used in the production of high specific energy.
The aqueous sodium carboxymethyl cellulose binder can significantly improve the electrochemical behavior of Si-based electrodes when compared to polyvinylidene fluoride (PVDF). Due to the fact that carboxymethyl cellulose is a significant binder, it aids in the improvement of the electrochemical properties of lithium-ion batteries with high-capacity anode materials. An increase in the utilization of batteries has been recorded, which is responsible for creating a lucrative market for carboxymethyl cellulose products.
LAMEA is also a profitable area for carboxymethyl cellulose owing to the increasing utilization of the product in the petroleum industry, majorly in Dubai, as it facilitates the process of oil drilling. In addition, there is a positive outlook of the downstream oil and gas industry, particularly in Brazil. Moreover, the manufacturers of instant noodles are majorly utilizing carboxymethyl cellulose to offer an enhanced quality of their products across the country.
The Brazil market dominated the LAMEA Carboxymethyl Cellulose Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $37.9 million by 2027. The Argentina market would witness a CAGR of 6.6% during (2021 - 2027). Additionally, The UAE market is poised to grow a CAGR of 5.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Carboxymethyl Cellulose Market is Predict to reach $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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