North America 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 North America Carboxymethyl Cellulose Market would witness market growth of 3.5% CAGR during the forecast period (2021-2027).
Pure cotton and wood pulp are the main components in the production of carboxymethyl cellulose (CMC or Cellulose Gum). It's also known as cellulose gum or tylose powder, and it's broadly utilized in distinct applications across a wide range of industries, including pharmaceuticals, cosmetics & personal care, food & drinks, paint, and household care. A substantial amount of carboxymethyl cellulose is also required in detergents, water-based paints, and paper production.
The utilization of carboxymethyl cellulose as a thickening agent or a stabilizer in numerous food & beverages, for instance, ice creams, milk, and baked foods are one of the major reasons for moving the carboxymethyl cellulose market forward. Carboxymethyl cellulose is a common ingredient in low-fat foods. It's also often used in candy making, where it helps to improve quality and texture, and it also ensures that flavor oils are evenly distributed.
The pharmaceutical and cosmetics industries in countries would witness higher demand for the product due to rising local demand and reduced manufacturing costs of the product. Moreover, there has been a rising demand for personal care products in emerging economies as a result of rising disposable income and changing lifestyles. Hence, these factors are anticipated to fuel the growth of the overall regional market during the forecasting period.
The US market dominated the North America Carboxymethyl Cellulose Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $370.1 million by 2027. The Canada market is experiencing a CAGR of 5.8% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 4.9% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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