Global Carboxymethyl Cellulose Market to Reach 892.14 Million Pounds by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the carboxymethyl cellulose markets. The global market for carboxymethyl cellulose is forecast to reach 892.14 million pounds by the year 2017, driven primarily by use in food & beverage industry and oil drilling activities. Carboxymethyl cellulose (CMC) is also used in various specialty application areas including taconite mining, drugs and cosmetics and paper processing among others. Sustained demand for CMC from the burgeoning Asia-Pacific market will continue to boost prospects in the near term.

Carboxymethyl Cellulose (CMC): A Global Strategic Business Report

Follow GIA on LinkedIn – Carboxymethyl Cellulose (CMC) is one of the principal cellulose ethers manufactured and consumed across the world. CMC is commonly used as a by-product in a wide range of end-use industries such as food and beverage, paper, pharmaceuticals, personal care, oil drilling and detergents. The primary application of CMC is to control viscosity without gelling and is commonly used as a thickener, emulsion stabilizer and as a suspending agent. The polymer offers high water holding capacity even at low viscosity, which facilitates its usage in fried foods for reducing fats and preventing fermentation. Besides, CMC is employed as wallpaper glue and as an adhesive for paper bags. While in the detergent industry, CMC is used as an anti-redeposition agent in powder detergents, it is used in the textile industry in textile sizing applications.

Encouraged by increased usage of the product in various end-use applications, the global market for CMC has been witnessing steady growth during the past several years. However with the onset of the global economic recession during the 2008-2009 period that negatively impacted demand in all major end-use industries such as food and beverages, oil field drilling fluids, drugs, cosmetics, and paper processing aids, the market began losing momentum and witnessed deceleration in growth. Nevertheless, with the global economy showing significant signs of recovery in 2010, the market was back on the growth track, with demand resuming from all major sectors. In the foreseeable future, the market is projected to demonstrate moderate growth driven by increasing demand for the product in various end-use applications, with the Food industry, including ice creams and dairy products likely to demonstrate the fastest growth in CMC consumption.

Asia-Pacific represents the largest as well as fastest growing regional market for carboxymethyl cellulose cornering a substantial share of the global market, as stated by the new market research report on Carboxymethyl Cellulose (CMC). A significant portion of the demand for carboxymethyl cellulose in Asia-Pacific originates from countries such as China and India. The region also houses more number of carboxymethyl cellulose producers than any other region in the world. Market for carboxymethyl cellulose in Asia-Pacific is poised to demonstrate a strong compounded annual growth rate of 3.8% through 2017. By end-use segment, usage of carboxymethyl cellulose in the food and beverages market is being fuelled by increasing number of health conscious consumers and strong demand for low-fat foods. The sector represents the largest and fastest growing application market for carboxymethyl cellulose. CMC applications in the industry include dry pet foods, frozen dairy foods, diet soft drinks, and dough products such as tortillas. Consumption of CMC in the oil field drilling fluids constitutes a major end-use segment and usually follows drilling rig activity. In the mining industry, CMC is used as a flotation depressant in the flotation of potash and sulphide copper nickel ores.

Major players profiled in the report include Akzo Nobel N.V, Ashland Inc., Chongqing Qiaofeng Industrial (Group) Co. Ltd., CP Kelco, Daicel Corporation., Dai-Ichi Kogyo Seiyaku Co. Ltd, Dow Wolff Cellulosics, Lamberti S.P.A., Nippon Paper Industries Co. Ltd., Penn Carbose, Quimica Amtex S.A De C.V, Samsung Fine Chemicals Co. Ltd., and Sichem.

The research report titled “Carboxymethyl Cellulose (CMC): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the carboxymethyl cellulose markets, current market trends, end-use application areas, product overview, recent industry activity, and profiles of major/niche global market participants. The report provides annual sales estimates and projections for carboxymethyl cellulose market for the years 2009 through 2017 in volume (pounds) terms for the following geographic markets – US, Europe, Asia-Pacific, Latin America, and Rest of World. Key end-use segments analyzed include Food and Beverages, Oil Field Drilling Fluids, Drugs and Cosmetics, Paper Processing Aids, Detergents, Textile Processing, and Others. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Carboxymethyl_Cellulose_CMC_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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