Published Date: 28-Feb-2022
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According to a new report Global Carboxymethyl Cellulose Market, published by KBV research, The Global Carboxymethyl Cellulose Market size is expected to reach $1.9 billion by 2027, rising at a market growth of 3.7% CAGR during the forecast period.
The Highly Purified market acquired maximum revenue share in the Global Carboxymethyl Cellulose Market by Purity Level 2020, thereby, achieving a market value of $1,045.6 million by 2027. The increased growth of this segment across the market is attributed to its continuously growing utilization across numerous industries such as Food and beverages, medications, and personal care. Moreover, its broad utilization as a thickener, emulsifier, and stabilizer would also increase the demand for this segment of the carboxymethyl Cellulose Market.
The Food & Beverages market is leading in the Global Carboxymethyl Cellulose Market by Application 2020, thereby, achieving a market value of $532.8 million by 2027. The increased growth of this segment is owed to the rising demand for carboxymethyl cellulose as a fat replacement in food products. Moreover, it is widely being used across a variety of beverages products due to the higher solubility and clarity of its solution with the purpose to expedite the quality of the final beverage.
The Lubricator market shows highest growth rate of 4.5% during (2021 - 2027). The growth of this segment is attributed to the increasing number of people that are being diagnosed with dry eyes. In addition, carboxymethyl cellulose is majorly being utilized in hospitals and eye-care centers for the treatment of dry eyes as it works as a lubricant to treat the irritation and discomfort that is caused by the dryness or immense exposure of eyes to the sun or wind.
The Asia Pacific market is the fastest growing region in the Global Carboxymethyl Cellulose Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $676 million by 2027. The Europe market is expected to witness a CAGR of 3.3% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 3.5% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Purity Level
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