by Carboxymethyl cellulose or CMC is commonly used as a viscosity modifier and thickening agent in various industries such as food, pharmaceuticals, oil drilling, construction, personal care etc. CMC provides excellent thickening properties along with other advantages such as non-toxicity, biodegradability and shelf-life stability to products. The food and pharmaceutical industries have especially increased the use of CMC in recent years for its functional benefits.
The India Carboxymethyl Cellulose (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) are Paramount Chemical & Acid Corporation, Nilkanth Organics, Madhu Hydrocolloids Pvt. Ltd., Maruti Chemicals, Bharat Starch and Among Others. These players dominated the market due to their wide product offerings and strong distribution networks across the country.
The demand for CMC is growing rapidly across various end-use industries in India on account of increasing awareness about its functional benefits and suitability for various applications. The food industry has especially witnessed a rise in demand for CMC to improve the texture and consistency of processed foods.
Globally, the CMC market is also expanding on the back of rising consumption from developed markets and increasing penetration in emerging economies of Asia and Latin America. Indian producers are expected to leverage the growing global opportunities by enhancing exports of CMC in the coming years.
Market Key Trends
One of the major trends gaining momentum in the India CMC market is the rising demand for organic and non-GMO varieties. With consumers becoming more health conscious, they are preferring products containing naturally sourced ingredients without any chemical modifications. To tap into thisgrowing consumer segment, manufacturers are extensively focusing on Developing organic and non-GMO grades of CMC using sustainable and natural sourcing techniques. This is expected to guide future growth trends in the industry.
Porter’s Analysis
Threat of new entrants: High capital requirements for establishing a carboxymethyl cellulose manufacturing plant restricts new players to enter the market.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes like guar gum and xanthan gum.
Bargaining power of suppliers: Suppliers have moderate to high bargaining power as raw materials like cellulose and alkali materials have limited suppliers.
Threat of new substitutes: New substitutes like konjac gum and guar gum are emerging but are yet to match the functional properties of CMC.
Competitive rivalry: The market is moderately competitive with the presence of both global and domestic players.
Geographical Regions
The North region accounts for the largest share in terms of value sales of carboxymethyl cellulose in India. The availability of raw materials like alkalis and the presence of major CMC manufacturers have contributed to its concentration in the northern region.
The South region is expected to be the fastest growing regional market for carboxymethyl cellulose in India driven by the growth of end-use industries like food & beverages, oil & gas, and pharmaceuticals. The focus of major players to expand their production capacities in South India will further aid regional market growth over the forecast period.
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
About Author - Ravina Pandya
Ravina Pandya,a 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, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
