Carboxymethyl Cellulose Market Triggered by Rising Demand from Personal Hygiene Products: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research has recently published a market study presenting detailed analysis with complete information of the global carboxymethyl cellulose market.
According to the study titled “Carboxymethyl Cellulose Market for Food and Beverages, Oil Drilling Fluids, Paper Processing, Personal Care, Paints & Adhesives, and Other End-users – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, the global market for antioxidants was valued at US$834 million in 2013. Growing at a CAGR of 3.2% during the period of 2013 to 2019, the market will reach US$1039.8 million by the end of the forecast period.
Carboxymethyl cellulose is a gummy substance obtained by the catalytic reaction of alkali cellulose with sodium chloro-acetate. It is also known as cellulose gum as is mostly utilized as sodium salt.
The global carboxymethyl cellulose industry was boosted by high demand in gluten-free and low fat frozen desserts. The rise in the demand from personal hygiene products and increase in taconite and iron ore mining activities are likely to present an opportunity-rich marketplace for the growth of this industry in near future.
In 2012, the food and beverages end-use industry catered for the highest demand for carboxymethyl cellulose. The oil drilling fluids accounted for the second-highest demand for carboxymethyl cellulose, holding 22.3% of market share. The paints and adhesives and paper processing industry are expected to experience a stable demand for carboxymethyl cellulose during the forecast period.
Asia Pacific led the carboxymethyl cellulose industry in 2012. Europe held the second-largest position, while North America qualified for the third-largest position in the carboxymethyl cellulose market in 2012. Other regions in the carboxymethyl cellulose industry are expected to experience a subtle growth from 2013 to 2019.
Microcrystalline Cellulose (MCC) Market:http://www.transparencymarketresearch.com/microcrystalline-cellulose-market.html
About Transparency Market Research
Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.