Carboxymethyl Cellulose Market to Expand USD 1.85 million by 2031, Registering at a CAGR of 3.6%

Wilmington, Delaware, United States, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global carboxymethyl cellulose market is projected to flourish at a CAGR of 3.6% from 2021 to 2031. As per the report published by TMR, a valuation of US$ 1.85 million is anticipated for the market in 2031. As of 2023, the market for carboxymethyl cellulose is expected to close at US$ 1.4 billion.

The demand for carboxymethyl cellulose is high in food & beverage industry as it can be used as an excellent emulsifier, stabilizer, and thickener in the formulation of a wide range of food products, such as drinks, ice creams, meat products, bread, wine, jelly, candies, and cookies. Thus the rapid growth in food & beverage industry boost the market demand.

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Competitive Landscape

The global carboxymethyl cellulose market is fragmented, with the presence of a small number of leading players. The leading players in market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global carboxymethyl cellulose market report:

Key Developments in carboxymethyl cellulose

The increasing demand for processed foods, convenience foods, and improved product texture has led to increased utilization of carboxymethyl cellulose in food industry.

Increasing demand for carboxymethyl cellulose as a thickening agent, suspending agent, and stabilizer in various applications, including food processing, mining, oil drilling fluids, pharmaceuticals, personal care products.

Owing to the high viscosity, non-toxicity, and non-allergenic nature of carboxymethyl cellulose, it found its application in non-food products, such as lubricants, toothpastes, laxatives, diet pills, water-based paints, detergents, and paper.

Key Takeaways from the Market Study

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C arboxymethyl Cellulose Market : Key Trends and Opportunistic Frontiers

Carboxymethyl Cellulose Market – Regional Analysis

Carboxymethyl Cellulose Market – Key Segments

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

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