Global Carboxymethyl Cellulose Market to Reach 824.8 Million Pounds (lbs.) by 2015, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on carboxymethyl cellulose markets. The global market for carboxymethyl cellulose is forecast to reach 824.8 million lbs by the year 2015. Factors driving market growth include increasing demand for low-fat, ready-to-cook food; emerging carboxymethyl cellulose application in taconite mining; and growing oil drilling activities.
San Jose, CA (Vocus/PRWEB) January 18, 2011
Carboxymethyl cellulose market has been witnessing a steady growth for the past several years driven by increased usage of the product in various end-use segments across the world. The recent turmoil in the global economy deterred the market growth to some extent during 2008 and 2009. Decreased demand for carboxymethyl cellulose in various end-user categories including food and beverages, oil field drilling fluids, drugs and cosmetics, and paper processing aids negatively impacted the market revenues during the period. However, the market showed signs of quick recovery in 2010 following the normalcy in the worldwide economy. The market is projected to demonstrate a moderate growth driven by increased demand for the product in food and beverages, drugs and cosmetics, and paper processing aids.
Asia-Pacific represents the largest as well as fastest growing regional market for carboxymethyl cellulose worldwide, as stated by the new market research report on Carboxymethyl Cellulose. A large portion of the demand for carboxymethyl cellulose in Asia-Pacific originates from 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 compounded annual growth rate of 3.2% over the analysis period. Europe constitutes the second largest market for carboxymethyl cellulose.
Food and Beverages represents the largest as well as fastest growing carboxymethyl cellulose end-use segment. Usage of carboxymethyl cellulose in food and beverages category is being driven by growing number of healthcare conscious consumers and increased demand for low-fat foods. In food and beverages end-use applications, carboxymethyl cellulose is primarily used in dry pet foods, frozen dairy foods, diet soft drinks, and dough products such as tortillas. The ingredient acts as a moisture preservation agent in dry products, thickening agent in semisolid/liquid foods, and shelf life enhancing agent in frozen products by eliminating ice crystallization. Demand for carboxymethyl cellulose in food and beverages category is projected to demonstrate a CAGR of 3.6% over the analysis period. Oil Field Drilling Fluids constitutes the second major end-use segment.
Major players profiled in the report include Akzo Nobel N. V, Ashland Inc., Chongqing Qiaofeng Industrial (Group) Co. Ltd., CP Kelco, Daicel Chemical Industries Ltd., 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: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the carboxymethyl cellulose markets, current market trends, product overview, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for carboxymethyl cellulose market for the years 2007 through 2015 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. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www. strategyr. com/Carboxymethyl_Cellulose_Market_Report. asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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