Global Carboxymethyl Cellulose Market: Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, New York (PRWEB) July 11, 2014
Transparency Market Research has published a new report titled "Carboxymethyl Cellulose Market for Food and Beverages, Oil Drilling Fluids, Paper Processing, Personal Care, Paints & Adhesives, and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019." According to the report, global market for carboxymethyl cellulose was valued at USD 834.0 million in 2012 and is expected to reach USD 1,039.8 million in 2019, growing at a CAGR of 3.2% between 2013 and 2019.
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The market for carboxymethyl cellulose was driven by high demand in low fat and gluten-free frozen desserts. Carboxymethyl cellulose helps reduce fat content in food. High demand from the food and beverages industry coupled with increase in global oil drilling activities across the world has been driving the global carboxymethyl cellulose market over the past few years. Increasing demand from personal hygiene products and rising iron ore and taconite mining activities are expected to offer opportunities for growth to the carboxymethyl cellulose market over the next few years. However, government regulations related to carboxymethyl cellulose in various end-user industries coupled with increasing threat from substitutes is expected to hamper growth of the carboxymethyl cellulose market.
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Demand for carboxymethyl cellulose was the highest from food and beverages, one of the fastest growing end-user segments in 2012. Oil drilling fluids held the second-largest demand for carboxymethyl cellulose, accounting for 22.3% of market share in 2012. Personal care is another major and rapidly growing end-user for carboxymethyl cellulose. It is likely to follow similar trend over the next few years. Paper processing, and paints and adhesives are likely to witness stable demand for carboxymethyl cellulose over the forecast period. Other end-users such as industrial detergents and mining are anticipated to provide higher opportunities to the carboxymethyl cellulose market in the next few years.
Asia Pacific dominated the carboxymethyl cellulose market in 2012. The region is anticipated to exhibit potential growth for carboxymethyl cellulose market over the forecast period. Asia Pacific was followed by Europe. In Europe, various end-users such as food and beverages, personal care and paper processing exhibited high demand for carboxymethyl cellulose. North America was the third-largest market for carboxymethyl cellulose in 2012. The U.S. led the demand for carboxymethyl cellulose in the region. Rest of the World is anticipated to witness stable demand for carboxymethyl cellulose between 2013 and 2019.
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The report provides a comprehensive view of the carboxymethyl cellulose market in terms of volume and revenue. In addition, the report includes current demand analysis and forecast for end-users in North America, Europe, Asia Pacific and Rest of the World. The report comprises the following segments:
Carboxymethyl Cellulose Market: End-user Analysis
- Food and beverages
- Oil drilling fluids
- Paper processing
- Personal care
- Paints and adhesives
- Others (Including industrial detergents, mining, etc.)
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Carboxymethyl Cellulose Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World
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