CMC Market Dynamics: Opportunities in Emerging Economies
The increased usage of carboxymethyl cellulose across several industries, including food & beverage, pharmaceutical, paints & coatings, and textiles, showed strong growth in its demand. So, the global market has the potential to record a stable CAGR of 5.6% between 2024 and 2034, according to FMI. As this pattern is anticipated to continue in the upcoming years, the overall market value could reach around USD 3,598.7 million by 2034. Carboxymethyl cellulose serves as a stabilizer, thickener, and emulsifier in various food and beverage products, such as dairy products, sauces, and dressings. The pharmaceutical industry is also using it as a disintegrant and binder in tablet formulations to improve medication delivery and effectiveness. The demand for carboxymethyl cellulose in the food & beverage and pharmaceutical industries has been pushed by the rising demand for processed and convenience foods. Carboxymethyl cellulose is used in the paint and coatings sector as a r...