According to the latest market research report “Sodium Carboxymethyl Cellulose Market: By Application (Food & Beverage, Detergents, Pulp & Paper, Oil & Gas, Paints & Coatings, Pharmaceuticals and Others); By Geography- Forecast (2017-2021)” published by IndustryARC, estimates the market to reach $2.26 billion by 2021.
Browse 4 Market Tables, 127 Figures spread through 154 slides and an in-depth TOC on “Global Sodium Carboxymethyl Cellulose Market (2017 – 2021)” – http://industryarc.com/Report/16252/sodium-carboxymethyl-cellulose-market.html
Sodium Carboxymethyl Cellulose (SCMC) is a cellulose derivative with carboxymethyl groups. They are primarily used as their sodium salts and can also be isolated to be used as Methylcellulose (MC). The composition of SCMC depends upon the industry which it is being used in. Though it is a basic chemical comprising of cellulose, Sodium and Carbon, the chemical composition varies depending on the desired property. SCMC is widely used in different industries like Food and Beverages, Personal care, Paints, oil & gas, and others. Its use is warranted because of their desirable properties which include high viscosity, water preservation, good acid resistance and salt resistance.
Based on applications of sodium carboxymethyl cellulose, the market is segmented into food & beverage, detergents, oil & gas, pharmaceuticals, paints & coatings, pulp & paper, cosmetics & personal care, textile industry, and others. The market is also segmented based various regions such as Americas, Asia-Pacific, Europe, and Rest of the World.
SCMC is used as an additive in drinks, milk products, flouring products and other applications. It is used extensively because it gives desirable properties while safeguarding the health of the consumers, as it is non-toxic and does not trigger allergies. The main use of SCMC is in manufacturing of Ice cream and other dairy product. This is because it can prevent the formation of big crystals in ice cream, retards the melting rate of ice cream and increases its value, thus reducing the amount of raw materials used and consequently, making the manufacturing of ice creams with lesser cost.
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Growing food and beverage industry in developing countries is set to increase the utilization of Sodium Carboxymethyl Cellulose.
The global sodium carboxymethyl cellulose market is estimated to grow at a CAGR of 2.7% during the forecast period and will reach $2.26 billion by 2021. The major driving forces of this market are: consumption of sodium carboxymethyl cellulose is anticipated to witness growth in Asia-Pacific region driven by food, beverages and pharmaceutical industries and increasing demand for low fat foods along with significant utilization of CMC as a stabilizer and texture enhancer in bakery products. However, CMC can be easily substituted by some similar products. Competition from products such as polyanionic cellulose, guar gums, starches and more is a major challenge.
The market of sodium carboxymethyl cellulose has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of geography. In 2016, Asia-Pacific is the prominent region for sodium carboxymethyl cellulose market and is estimated to grow with CAGR of 3.1% during the forecast period. The growth in APAC is estimated to experience rising trend due to growing population as well as increasing food and beverage industry.
The Prominent Players in this Market Include
- The Dow Chemical Company
- Ashland, Inc.
- Daicel Corporation
SCMC market is partially fragmented, because there are many small players from China who produces SCMC at moderate scale. One of the major companies that hold maximum share in this market is AkzoNobel which holds 10% share in the market with more than 15 SCMC products, selling in 150 countries. It is followed by Ashland, Inc., CP Kelco , and Daicel Corporation.
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