India Carboxymethyl Cellulose (CMC) Market Poised For Strong Growth Due To Rapid Industrialization

 

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.

Get more insights on this topic: https://www.ukwebwire.com/india-carboxymethyl-cellulose-cmc-market-poised-to-flourish-at-a-robust-cagr-of-6-7-due-to-wide-range-of-industrial-applications/

 

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

 

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


Comments

Post a Comment

Popular posts from this blog

United States Candy : A Sweet Tradition

Image
Candy making has deep roots in American history dating back to the colonial period. Some of the earliest candy recipes originated from European immigrants who brought their candy traditions with them. Traditional candy recipes from Britain, France, Italy, and the Netherlands were adapted to ingredients available in North America. Early American colonists produced homemade candies, often using maple syrup or sorghum as a sweetener before cane sugar was widely available. In the 1800s, candy shops in large cities began commercial production of sweets. Famous US candy brands emerged in the later 19th century as machinery allowed for mass production. Brands like Brach's, Cracker Jack, and Tootsie Roll got their start during this time period and are still going strong today. Candy was also becoming more affordable and accessible for the average American consumer. Chocolate Dominates   Chocolate is by far the biggest selling candy category in the United States Candy  today. C...
Read more

United Kingdom Pelargonic Acid : Pelargonic Acid Dynamics In The United Kingdom

Image
The United Kingdom has seen steady growth in the production and consumption of pelargonic acid over the past decade. Pelargonic acid, also known as nonanoic acid, is a saturated fatty acid found in several plant and animal sources. Some of the key production and consumption trends for pelargonic acid in the UK are: - Domestic production of pelargonic acid in the UK has increased at a compound annual growth rate of around 5% since 2010. The country currently has an annual United Kingdom Pelargonic Acid production capacity of over 45,000 metric tons. - Major producers in the UK include CREMER, Wilmar, and Oleon. CREMER operates the largest pelargonic acid production plant in Europe located in Barry, Wales with a capacity of 25,000 metric tons per year. - Consumption of pelargonic acid has grown at a similar pace to production. The compound finds key applications in fragrances, lubricants, plasticizers, and antimicrobial formulations in the country. - Fragrances remain the dominant e...
Read more

United Kingdom Gas Leak Detector : Ensuring Safety In Homes And Businesses

Image
There are different types of gas leak detectors used in the United Kingdom to detect potentially dangerous leaks from gas appliances, pipes, valves and other components. The most common types include: - Sensor-based detectors: These contain sensors that can detect combustible or toxic gases like methane, propane and natural gas. When gas is sensed, an audible alarm activates to alert users. Some advanced models have digital displays to show the type and concentration of gas. - Soap solution detectors: A simple but effective option, these contain a soap solution inside a small container or spray bottle. Users spray the solution onto suspected leak areas and watch for bubbles, which indicate a leak. United Kingdom Gas Leak Detector Soap solution detectors are inexpensive but not as precise as electronic options. - Infrared cameras: Specialized infrared cameras can detect invisible gas leaks by sensing the infrared radiation emitted by the gases. These high-tech devices provide vis...
Read more