The India carboxymethyl cellulose (CMC) market is one of the emerging markets, owing to the wide range of industrial applications and uses of CMC in the country. Carboxymethyl cellulose is a cellulose derivative with carboxymethyl groups attached to some of the hydroxyl groups of the glucopyranose monomers that make up the cellulose backbone. It is used as a thickener, emulsifier, stabilizer, and binder in the food, pharmaceutical, paint, oil drilling fluids, construction, and cosmetic industries. The growing industrial activities and increasing manufacturing industries in the country are driving the demand for CMC from various end-use industries.
The Global India CMC Market is estimated to be valued at US$ 23.1 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the India Carboxymethyl Cellulose (CMC) market are Paramount Chemical & Acid Corporation, Nilkanth Organics, Madhu Hydrocolloids Pvt. Ltd., Maruti Chemicals, Bharat Starch and Among Others.
The industry is characterized by the presence of a large number of organized and unorganized players. Apart from this, the CMC market offers immense opportunities for market participants in the form of R&D, new product launches, and targeting new application segments. The key companies are focusing on expanding their presence globally to strengthen market shares and venture into new regional markets. Key players are also investing in expanding production capacities and enhancing product portfolios to cater to customer requirements across various end-use industries.
Market Drivers And Restrain
The growth of end-use industries such as food & beverages, paints & coatings, cosmetics & personal care, oil & gas, pharmaceutical is anticipated to offer lucrative opportunities for the growth of the carboxymethyl cellulose market in India. CMC as a stabilizer, thickener, emulsifier, and binding agent finds wide applications across these industries which is projected to drive its demand substantially in the country. Rapid industrialization, favorable government policies supporting 'Make in India' initiative, and a rise in disposable income are also fueling the growth of downstream industries and supplementing market growth. However, the availability of low-cost substitutes may hamper the sales of CMC to some extent in the upcoming years.
Segment Analysis
Food & Beverage sub segment dominates the India CMC market as it holds around 30% share. CMC has wide applications in food & beverage industry for its thickening & stabilizing properties. It is used in sauces, ice creams, yogurt, soups etc. Pharmaceutical sub segment stands at second position with around 25% share due to extensive use of CMC in medication coatings, pills & tablets for controlled release properties. Other significant sub segments include oil & gas, painting & coating and personal care industries.
Global Analysis
North America region holds largest share of over 35% in global CMC market due to strong presence of end use industries like food & beverage and personal care in countries like United States and Canada. Asia Pacific stands at second position with around 30% share of global market. Within Asia Pacific, India contributes majorly owing to rising demand from end use sectors and increasing investments by leading CMC manufacturers. Europe and Middle East & Africa are other prominent regions for CMC market. Key factors influencing positive growth includes new product launches, expanding operations of major players across regions and increasing applications of CMC across various industrial sectors.
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What Are The Key Data Covered In This India Carboxymethyl Cellulose (CMC) Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the India Carboxymethyl Cellulose (CMC)'s growth between 2024 and 2031.
:- Accurate calculation of the size of the India Carboxymethyl Cellulose (CMC) and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- India Carboxymethyl Cellulose (CMC) Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of India Carboxymethyl Cellulose (CMC) vendors
FAQ’s
Q.1 What are the main factors influencing the India Carboxymethyl Cellulose (CMC)?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top India Carboxymethyl Cellulose (CMC) companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the India Carboxymethyl Cellulose (CMC)’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
The global Carboxymethyl Cellulose Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the carboxymethyl cellulose market include Akzo Nobel N.V., Ashland, Inc., CP Kelco, Daicel FineChem Ltd., Dai-ichi Kogyo Seiyaku Co., Ltd., Lamberti S.p.A., Nippon Paper Industries Co., Ltd., Química Amtex S.A. De C.V, Shanghai Shenguang Edible Chemicals Co., Ltd., SINOCMC Co., Ltd., The Dow Chemical Company, UGUR Seluloz Kimya A.S..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Carboxymethyl Cellulose Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/carboxymethyl-cellulose-market/download-sampleMarket DynamicsThe growth of the key application sectors of this multifunctional cellulose derivative is the primary stimulant anticipated to push the growth of this market in the coming years.
Robust per capita consumption of paper and increased adoption of paper recycling and reuse will be a market booster.
The vital barriers to the development of this market are CMC's adverse effects on humans' inflammation and the availability of substitutes.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
