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Carboxymethyl Cellulose Market to Grow at a CAGR of 4.2% between 2015 and 2020: MarketsandMarkets

Published on 2015-08-12. Author : SpecialChem

MarketsandMarkets Presents report "Carboxymethyl Cellulose Market by Application (Food & Beverages, Pharmaceutical & Cosmetics, Oil & Gas, Paper, Detergents, and Others (Mining, Textiles Processing, Ceramics, Paints, Construction, and Adhesives)) - Trends & Forecasts to 2020", defines and segments the global carboxymethyl cellulose market with analysis and forecasting in terms of volume and value.

The carboxymethyl cellulose market is projected to grow at a CAGR of 4.2% between 2015 and 2020, in terms of value. The largest application of carboxymethyl cellulose is the food and beverages segment. The demand for carboxymethyl cellulose is mainly driven by the growth of processed food industry. The increasing demand of ready-to-eat and low-fat food is positively impacting the CMC market growth. The demand for CMC is also driven by the increasing pharmaceutical and cosmetics production and the growing oil drilling and exploration activities.

The consumption of carboxymethyl cellulose is the highest in the Asia-Pacific region. The region accounted for approximately 38.6% of the total market in 2014 in terms of volume. The region is projected to register the highest CAGR of 4.3%, in terms of volume, between 2015 and 2020. The growth will be largely from key countries such as China and India, owing the rapid growth of end-user industries.

The top companies in the carboxymethyl cellulose market include Akzo Nobel N.V., CP Kelco U.S., Inc., (A Subsidiary Of J.M. Huber Corporation Company), Ugur Seluloz Kimya A.S, Química Amtex S.A. De C.V, The Dow Chemical Company, DKS Co. Ltd., Nippon Paper Industries Co. Ltd, Daicel Corporation, Ashland Inc., and Lamberti S.P.A.

The carboxymethyl cellulose market is expected to grow from an estimated $1.15 Billion in 2014 to $1.46 Billion by 2020, with a CAGR of 4.2% between 2015 and 2020.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. MarketsandMarkets specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Source: MarketsandMarkets

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