Carboxymethyl Cellulose: A Global Strategic Business Report
San Jose, CA (PRWEB) October 27, 2008
Carboxymethyl Cellulose (CMC) is a water-soluble polymer with end-use applications in paper, food, pharmaceuticals, personal care, oil drilling and detergents. CMC is used in several industries due to varied properties such as biodegradability, non-toxicity, odourless, solubility, viscosity, and water holding capacity.
Major chemical companies generally manufacture CMC as a by-product. Primary growth drivers favoring CMC include growing demand for low fat and ready to cook food in industrialized nations, emerging CMC application in taconite mining, expansion of oil drilling activities and evolving applications of CMC in biodegradable nappies.
World Carboxymethyl Cellulose market is projected to reach 781.3 million lbs by 2012, reflecting a CAGR of 2.94% over the period 2008-2012. Asia-Pacific region represents the largest market for CMC with an estimated 238.2 million lbs for 2008 and is projected to reach 276.2 million lbs by 2012. The region is also the fastest growing, with a CAGR of 3.8% for the aforementioned period.
Food and Beverages represents the largest end-use segment with an estimated 195.9 million lbs for 2008. CMC is mainly used as a thickener, stabilizer, film former, suspending agent and extender, and moisture content regulator in the food industry. It is used to prevent crystallization in ice creams, reduce fat in fried foods and increase volume during baking. The reason for use of CMC in the food industry is due its high purity and grade levels, consistency of properties, low concentration applicability, and cost efficiency.
CMC is used in several cosmetic and personal care products due to its binding, thickening and stabilizing properties. Extensive use is in the manufacture of products such as eyeliners, blushers, makeup foundations, face, body, and hand skin care preparations, skin cleansing preparations, shampoos, and hair grooming aids. In the pharmaceutical industry, CMC is mainly used as a thickener, foam and viscosity stabilizer, binding and film formation agent. Global demand for CMC in drugs and cosmetics market is estimated at 82 million lbs in 2008.
Leading players profiled in the report include Akzo Nobel N.V, Chongqing Qiaofeng Industrial (Group) Co. Ltd., CP Kelco, Daicel Chemical Industries Ltd., Dai-Ichi Kogyo Seiyaku Co. Ltd, Dow Wolff Cellulosics, Hercules Inc., Lamberti SPA, Nippon Paper Industries Co. Ltd., Penn Carbose, Quimica Amtex S.A De C.V, Samsung Fine Chemicals Co. Ltd., and Sichem.
The report titled "Carboxymethyl Cellulose: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive insight into factors influencing market growth, and trends in select end-use categories and geographic markets. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities. End-Use segments analyzed include Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Others. The report analyzes current and future projections over the period 2001-2015, while historic analytics provide an insight into the industry's past performance (1991-2000). Analysis is presented for established and emerging markets including United States, Europe, Asia-Pacific, Latin America, and Rest of World.
For more details about this research report, please visit http://www.strategyr.com/Carboxymethyl_Cellulose_Market_Report.asp
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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