Polymers and Advanced Materials

Packaging materials market to enter the trillion-dollar business space by 2024, sustainability to emerge as the next go-to industry trend

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With consumer preferences undergoing an extensive change in recent times, packaging materials market has registered itself as one of the strongest and fastest growing business spheres. Technological advancements and innovative packaging materials have persistently set the stage for the packaging industry to witness remarkable product demand from numerous end-use sectors. These business domains, including the likes of F&B, cosmetics, pharmaceutical, chemicals, and household products have also been projected to expand commendably in the years ahead, that would further widen the growth prospects of packaging materials industry.

U.S. Packaging Materials Market Size, By End-user, 2013 – 2024 (USD Billion)
U.S. Packaging Materials Market Size, By End-user, 2013 – 2024 (USD Billion)

The food sector is reported to be the largest growth ground for packaging materials industry, given that it accounted for USD 300 billion of the overall market size in 2016 and is expected to grow further in the ensuing years. This rapid growth can be attributed to the robust consumption of ready-to-eat meals, frozen raw meat products, dairy products, and canned sea-food. In consequence, this would have a major impact on the demand for flexible plastics. As per estimates in fact, packaging materials market share from flexible plastics is expected to be valued at USD 190 billion by 2024.

Speaking of flexible plastics, it is prudent to mention the instance of Sappi Limited that recently introduced the Sappi Seal in packaging materials market. Incidentally, Sappi Seal, touted to be the second generation of this flexible packaging solution, has been designed to replace hot set laminates that are made from plastic with products containing a high ratio of renewable raw materials. These solutions are gaining increasing traction as a standard flexible packaging material in the food industry and other sectors which comprise primary & secondary packaging such as sachets and flow wraps for toys & sweets. The aforesaid instance validates that global packaging materials market is witnessing a slew of technological advancements addressing sustainability and safety concerns.

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Of late, plastic waste has been the growing environmental issue worldwide, thereby being a subject of strict regulatory compliance. Reliable reports claim that if the present situation continues, there will be over 12 billion metric tons of plastic in landfills by 2050. The mass production of plastics has accounted for a whopping 91% of plastic that isn’t recycled and ends up as trash and litter. In consequence of this threatening scenario, packaging materials market trends have been gathering considerable attention from leading industry players including the likes of Amcor, Ball Corporation, Sealed Air, Mondi and DuPont that are investing heavily in R&D activities to develop green and sustainable packaging materials. In a bid to develop innovative products these companies are collaborating with the technology providers to bring forth sustainable, creative, and green packaging solutions that are further likely to help retailers, packaged goods manufacturers, and food service providers drive sales and delight consumers.

Green packaging trends to extensively drive the profitability landscape of packaging materials market

Speaking of the recent innovation trends in packaging materials industry, it is worthy to mention that Micro-Fibrillated Cellulose (MFC), a unique fiber extracted from plant waste, is being used liberally as a stronger yet lighter sustainable packaging material. It has been reported that adding as minimum as 1% of MFC to an existing substrate improves the packaging performance by 15% to 20%. This material has even proved itself to be stronger & stiffer than glass or carbon fiber. Aqueous barrier coatings, Chill Buddy, Micro-patterned packaging materials, and Molded fiber printing technology are some of the other sustainable packaging materials industry trends to watch out for in the ensuing years.

Unrefutably, these emerging packaging trends though at its embryonic stage are certain to take the industry by storm more sooner than anticipated, courtesy the dynamic competitive landscape of packaging materials market that is faring determinedly along the Asia Pacific belts, Europe, and North America. These regions have become massive investment grounds for the industry players, given the extensive packaged products proliferation.

It is noteworthy to state that apart from core industry participants, several tech giants including Amazon, Dell, REI, Puma, and Colgate-Palmolive are betting big on sustainable packaging by introducing bamboo and other bio-based product categories. Thus, with sustainability credentials rolling ahead in full gusto, global packaging materials market is projected to tread along a lucrative growth path in the years ahead. Global Market Insights, Inc., anticipates packaging materials market to exceed a valuation of USD 1.3 trillion by 2024.

Author Name : Ojaswita Kutepatil

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Nitrile butadiene rubber (NBR) powder market to amass lucrative proceeds via automotive sector over 2017-2024, Asia Pacific to lead the regional growth trajectory

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Subject to a vast end use spectrum including construction, automotive, consumer goods, and footwear, the nitrile butadiene rubber (NBR) powder market has gained a renewed traction in the past few years. Apparently, the nitrile rubber powder is being increasingly utilized as sealant, gasket, and adhesive across the aforementioned business verticals. Moreover, the advanced polymer has also found immense usability in other industries such as packaging, rail and refinery, and aerospace, which has significantly propelled the nitrile butadiene rubber (NBR) powder industry expansion.

U.S. Nitrile Butadiene Rubber (NBR) Powder Market Size, By Application, 2013 – 2024 (USD Million)
U.S. Nitrile Butadiene Rubber (NBR) Powder Market Size, By Application, 2013 – 2024 (USD Million)

Automotive sector to amass significant portion of the end use segment of nitrile butadiene rubber (NBR) powder industry

Elaborating further, it would be prudent to mention that NBR powder has been traditionally deployed in frictional compounds to enhance the abrasion coefficient. Owing to this characteristic of NBR powder it has apparently found wide scale popularity across the automotive sector. Consequentially, the polymer is being massively utilized in frictional materials including disc pads, resin wheels, clutch plates, brake liners among others. Bearing this in mind, the prominent nitrile butadiene rubber (NBR) powder market participants have been focusing on developing customized and high-grade products to cater the ever-evolving automotive industry.

Citing an instance to validate the efficacy of the aforementioned statements, one of the most dominant nitrile butadiene rubber (NBR) powder industry stakeholder LANXESS has recently launched a high-performance series of oil-resistant acrylonitrile butadiene rubbers. Reportedly, these rubbers are specialty elastomers that can substitute the conventional elastomers predominantly in two-wheelers. Moreover, the latest product range consists of several grades of acrylonitrile content of about 18% to 49% which enhances the resistance of these rubbers to weather and aggressive fluids such as non-polar liquids, fuels, and oils. Apparently, with the advent of such highly transformative products, the overall nitrile butadiene rubber (NBR) powder industry would undeniably expand its consumer base across the automotive sector in the ensuing years.

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Speaking along similar lines, the automotive industry size has been proliferating at an exceptional pace over the past decade. In fact, as per the statistics published by the international trade association OICA, the global automobile sales in the year 2017 stood at over 96 million worldwide. Interestingly, the emerging nations such as India, China, and Brazil have apportioned the major share of these sales, given the fact that the disposable incomes of residents of these countries have been increasing steadily. As a consequence of the significant rise in the sales of vehicles, the nitrile butadiene rubber (NBR) powder market would continue to gain massive remuneration from automotive sector over the forthcoming years.

Meanwhile, the geographical growth trajectory of nitrile butadiene rubber (NBR) powder industry is likely to be led by the Asia Pacific region in the near future. The presence of a vast number of butadiene rubber powder manufacturers across this terrain has proved to be rather beneficial for this business space. As the product has found considerable application in manufacturing seals, gaskets, hoses, China nitrile butadiene rubber (NBR) powder market is likely to exceed USD 17 million by the year 2024, as per reliable estimates.

Moreover, the automotive sector in the Asia Pacific region has been expanding at a breathtaking pace with developing nations like China and India accounting for a combined vehicle sale of over 33 million in the year 2017. Apparently, the ever-increasing size of automobiles sector has further assisted the nitrile butadiene rubber (NBR) powder industry participants to secure new business opportunities in the Asia Pacific region.

Driven by the product development strategies being adopted by some prominent firms in the polymers industry such as LG Chem, Omnova Solutions, Lanxess, Taprath Polymers, Zeon Chemicals, and Nitriflex, the nitrile butadiene rubber (NBR) powder market share is likely to progress substantially over the estimated time frame. In fact, as per reliable estimates, the global nitrile butadiene rubber (NBR) powder industry share is projected to exceed USD 600 million by 2024.

Author Name : Saif Ali Bepari

Unveiling vinyl acetate monomer market trends in terms of strategic initiatives undertaken by the industry giants

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A strong vertical of polymers & advanced materials business space, vinyl acetate monomer market stands to gain much over the ensuing years on virtue of its extensive end-use spectrum. This clear colorless liquid rather acts as chemical building block in resins and polymers manufacturing. With resins, polyvinyl acetate in particular, being abundantly utilized across a plethora of mainstream sectors for its bonding properties, the meteoric rise of vinyl acetate monomer market is sure to continue. In fact, estimates depict, overall business share from polyvinyl acetate applications is forecast to record USD 2.5 million by 2024. Armed with an intent to call their bets in the profitable landscape, a bulk of vinyl acetate monomer industry players therefore have been tending to hike the price of acetyl intermediates.

U.S. VAM Market Size, by Application, 2013 – 2024 (USD Million)
U.S. VAM Market Size, by Application, 2013 – 2024 (USD Million)

Quoting a recent case, Celanese Corporation CE, the Fortune 500 nominated specialty materials manufacturer has recently made to the front page with its update on acetyl intermediates’ price increase. As per reliable reports, the U.S. based vinyl acetate monomer market giant increased the price of VAM and acetic acid by almost USD 150/MT in Turkey, MEA, South America and Mexico, effective from April 1st, this year. While in U.S., and Canada the price is set to witness a hike by 5 cents per lb., in Europe, it has increased by €100/MT, cite sources. Celanese’s appropriate pricing actions also come as a response to the volatile raw material price trends of vinyl acetate monomer industry. Additionally, it also depicts the company’s scrupulous effort toward reducing the overall operational cost via strategic pricing initiatives and productivity actions.

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Speaking of the strategic landscape, some of the big shots present in the business space are also trying to expand their product capacity in a bid to win a competitive advantage. Say for instance, INEOS Oxide, one of the globally acclaimed vinyl acetate monomer market players has recently announced its plan of developing a new VAM project in Europe. Through the company is still in phase of looking for the preferred location of the project, sources familiar to the matter stated that INEOS’s Antwerp and Hull sites hold a greater chance. This is probably due to the fact that both these aforementioned regions are privileged with well positioning and ample feedstock supplies that would prove to be beneficial for Europe vinyl acetate monomer market share.

Citing another similar kind of instance across the Asian turf, leading chemical giant Wacker Chemie AG toward the end of last year, further expanded its vinyl acetate production facilities in China. The Munich-headquartered firm, reportedly also aims to open new factories in South Korea to meet the increasing demand for the product globally. With robust industrialization across China and India, and favorable government compliance to bring FDI for construction domain, APAC vinyl acetate monomer market trends is likely to witness a plethora of opportunities over the ensuing years. As per estimates, APAC market is slated to carve a y-o-y growth of 5.2% over 2017-2024.

It is imperative to mention that one of the pivotal factors that has proved to be deterring for the industry growth is the product related health jeopardy. It has been observed that inhalation of VAM often leads to serious health issues like respiratory tract irritation, eye irritation etc. In a bid to respond to these heath challenges, a number of renowned regulatory bodies such as EPA, OSHA, and FDA, are mandating stringent environmental norms with regards to its deployment. While the strict regulatory groundwork may seem to have been accepted as a consistent practice in the changing phase of vinyl acetate monomer market, volatile raw materials price trend is another factor imposing restrictions to its bulk production. Despite these restraining factors, vinyl acetate monomer market is slated to emerge as one of the lucrative verticals in the chemical space, aptly influenced by its widespread application spectrum. In terms of commercialization, global vinyl acetate monomer industry size is forecast to exceed USD 10 million by 2024.

Author Name : Satarupa De

United States UV adhesives market to witness hefty proceeds over 2017-2024, global valuation to exceed USD 1.5 billion by 2024

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Panacol, the Germany based company constituting the competitive spectrum of UV adhesives market has officially announced the launch of Vitralit UV 4802, specifically designed for bonding intense temperature resistant thermoplastics. This next generation acrylate resin based light curing adhesives, reportedly showcases excellent adhesion properties to many plastics including TPU, PEN, and PEEK. The product is deemed to garner mass popularity across UV adhesives market, especially amidst the backdrop when conventional adhesives find it hard to adhere to these non-compatible materials. Panacol’s Vitralit UV 4802 is also highly heat resistant. If reports are to be relied, it remained flexible and soft even after prolonged exposure to temperature as high as 150°C. Experts have been already raving about the technology, claiming that its flexibility and high temperature resistance, may allow it to bring a disruption in the overall business space.

China UV Adhesives Market Size, by End-user, 2013 – 2024 (USD Million)
China UV Adhesives Market Size, by End-user, 2013 – 2024 (USD Million)

The medical sector, unquestionably, is one of the most opportunistic application arenas of UV adhesives market. These products form lasting bonds in syringes, filters, hypodermic needles, intravenous tube and catheters. In this regard, it is important to mention that when it comes to medical device manufacturing adhesives, the choice of curing method is the most important factor that makes the difference. As disposable medical products are mostly produced in bulk, mechanical bond strength and rapid curing of adhesives are two major verticals that manufacturers highly bet on. The extensive penetration of UV adhesives industry can be majorly credited to this fundamental aspect, given the fact that this kind of adhesives almost cure instantaneously. Flexibility, variable viscosities, strength, and good gap-filling capability are some of the add on benefits that boost its commercialization potential.

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Regionally, US exhibits a strong potential with regard to the growth of this fraternity. The reason behind the region becoming the hotspot for UV adhesives market investment is quite obvious-the expanding medical device sector in the region. The United States is rather claimed to hold the largest medical device market share in the world with a global valuation of almost USD 150 billion in 2017. The phenomenally growing medical device industry aptly justifies the growth potential of the regional UV adhesives market, given the product’s extensive deployment in this domain due to low VOC emission.  In fact, as per estimates, U.S. procured almost 75% of the overall North America UV adhesives industry in 2016.

A strict regulatory reference speaks volume and has much to contribute in the regional UV adhesives market share. Say for instance, the U.S. EPA along with few of the other renowned regulators have rigorously promoted adoption of UV technology, on ground of its environmental viability. In fact, with the standardization of norms like USP Class VI standards and ISO 10993 that deals with testing and evaluation of medical devices, UV adhesives industry would not just contribute toward the regional space but also at a global scale. This is amply validated by the presumption which claims global UV adhesives market to enter the billion-dollar business space by 2024.

Despite these growth opportunities, UV adhesives market is characterized by a chain of constraints, pricing pressure being at the pinnacle. High manufacturing is prompting end-use sectors to look out for some cost effect alternatives, which by consequence is deterring the business proliferation. In addition, a vivid comprehensive requirement of proper curing system having low depth of nearly 0.5 inch is further narrowing the product adoption across some of the sectors, further shrinking the profit margin. Nonetheless, UV adhesives market giants have been taking extensive efforts to bring technological advancements in the product design which over the ensuing years would carve a lucrative roadmap for this busines. In terms of profitability quotient, overall business space is likely to chart a double digit CAGR of 12% over 2017-2024.

Author Name : Satarupa De

Rigid spray polyurethane foam market to surpass billion-dollar frontier by 2024, U.S. to contribute significantly toward global industry advancement

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As energy conservation continues to acquire an imminent place across major business verticals, rigid spray polyurethane foam market share has gained laudable traction over the recent years. In order to conform to the stringent regulatory guidelines pertaining to constructing energy-efficient buildings, manufacturers of construction material appear to have focused on developing innovative products. As a consequence of which, rigid spray polyurethane foam industry has found widespread popularity, given that these polymers can be utilized to improve envelop insulation of buildings.

Europe Rigid Spray Polyurethane Foam Market Size, by Application, 2013 – 2024 (USD Million)
Rigid Spray Polyurethane Foam Market

Elaborating further, it has been observed that numerous rigid spray polyurethane foam market participants have been innovating consistently to unveil high-grade reflective roof coatings, insulation equipment, and other roofing applications. To cite an instance of the same, one of the leading rigid spray polyurethane foam industry giants Lapolla Industries, Inc., has recently released a fourth-generation polyurethane foam, named as FOAM-LOK™ 2800-4G. The latest product is being increasingly recognized as the first SPF insulation material that can assist in reducing two environmentally detrimental characteristics of the previous foam systems viz. ozone depletion potential and global warming potential. Apparently, the launch of new foam represents the persistent efforts being deployed by rigid spray polyurethane foam industry players to ramp up innovation to ensure the development of environment friendly products in the forthcoming years.

U.S. to sustain its position as the leading terrain for rigid spray polyurethane foam industry progression

After gradually recovering from the 2008 economic slowdown, the U.S. construction sector has progressed at an exceptional pace over the past decade. It would be prudent to mention that the stable GDP growth rate has been the prominent factor to propel the construction industry in the nation. Owing to the swift rise of construction sector coupled with a steady GDP augmentation, the rigid spray polyurethane foam market has apparently benefited considerably over the past few years.

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Moreover, various government agencies have drafted elaborate provisions to strictly enforce major energy efficiency standards such as Leadership in Energy and Environmental Design (LEED) and the International Energy Conservation Code (IECC) across the U.S. These regulations have necessitated the construction sector to readily embrace polymers like spray polyurethane foam as they provide resistance to heat transfer, reduce energy requirements of large buildings, and seal air gaps in roofs and walls to cool down the energy-guzzling residential and commercial structures.

According to the estimates published by the U.S. Department of Energy, more than half of the energy utilized across households is for cooling or heating purposes. Moreover, a major portion of buildings’ energy, calculated to be around 30%, is lost due to air infiltration. Apparently, sealing and insulating air gaps is one of the most effective solutions in order to conserve and efficiently utilize energy. This trend would consequentially contribute toward expanding the U.S. rigid spray polyurethane foam industry share as these foams continue to find wide scale usage in the construction sector.

With SPF garnering immense popularity as an effective economic tool to comply with energy efficiency standards and regulatory norms, the global rigid spray polyurethane foam market would irrefutably accrue substantial gains in the immediate future. In addition to this, the rising inclination toward constructing green and energy-efficient buildings would act as a boon for the overall business space. In fact, as per a research report compiled by Global Market Insights, Inc., the rigid spray polyurethane foam industry share is forecast to exceed USD 1.1 billion by 2024.

Author Name : Saif Ali Bepari

Unexpanded perlite market to be characterized by innovative product launches over 2017-2024, Asia Pacific to emerge as the leading terrain for industry progression

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Over the recent years, the growth prospects of worldwide unexpanded perlite market have continued to witness a substantial upswing. A marked increase in the number of research and development initiatives undertaken by prominent perlite miners to manufacture products with enhanced characteristics are likely to bolster the overall unexpanded perlite industry share in the forthcoming years. Moreover, in order to attain the competitive edge and broaden the existing product portfolio, numerous leading unexpanded perlite market players have been focusing on launching advanced products. Citing an instance of the same, Imerys SA has recently showcased two perlite-based scrub products, namely ImerCare™ 190P-Scrub and ImerCare™ Velluto, which can predominantly be utilized by the cosmetic industry.

U.S. Unexpanded Perlite Market Size, By Application, 2013 – 2024 (USD Million)
U.S. Unexpanded Perlite Market Size, By Application, 2013 - 2024 (USD Million)

Elaborating further on the two new additions to the unexpanded perlite market, the latest ImerCare™ mineral range is being said to be a 100% natural alternative to plastic beads incorporated in face scrubs. These products have been reportedly designed to extract particles with a controlled size distribution and the ones with a unique spherical shape. Apparently, such particles are considered as ideal for face applications as they are gentle in physical exfoliation and are easy to utilize. Needless to mention, the launch of such innovative products would propel the overall unexpanded perlite market size expansion. In fact, as per a research report by Global Market Insights, Inc., unexpanded perlite industry constituted a total remuneration portfolio of around USD 8 million in the year 2016.

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Asia Pacific region to contribute substantially toward unexpanded perlite industry share

Driven by the rapid pace of industrialization & urbanization across the various emerging economies in Asia Pacific region, the unexpanded perlite market size has proliferated at an unprecedented pace in the recent years. The ever-increasing urbanization has apparently led to a marked rise in construction and industrial sectors across nations like India and China. This has, in consequence, further triggered extensive mining activities to obtain more perlite for its application across the aforementioned business verticals.

As per reliable sources, China had doubled the perlite production as it discovered more than 15 mines in 2008 – a factor that would certainly foster the utilization of crude perlite across numerous applications which comprise of sandblasting, slag coagulant, and casting sand & mixtures, etc. Apparently, owing to the aforementioned aspects the Asia Pacific unexpanded perlite industry share is likely to register revenue gains in excess of 4% over the forecast time frame, as per trusted estimates.

Meanwhile, it would be prudent to mention that unexpanded perlite market share is reasonably consolidated courtesy – the presence of some prominent names in polymers and advanced materials industry such as Pratley Perlite Mining, Midwest Perlite Inc, Cornerstone Industrial Minerals Corporation, the Schundler Company, Perlite-Hellas, Imerys SA, Gulf Perlite LLC, Hess Perlite, Dicalite Management Group, PVP. Furthermore, endowed with an application base inclusive of construction, slag coagulant, sandblasting, agriculture, casting sand & mixtures, the unexpanded perlite industry has undeniably evolved into a consumer-centric business over the past years.

Subsequently, the globally renowned manufacturers have been striving to develop value-added and highly customized solutions to suit the diverse requirements of consumers. As a consequence of the aforementioned declarations, the unexpanded perlite market is anticipated to surpass a total revenue collection of USD 11 million by 2024, as per reliable estimates.

Author Name : Saif Ali Bepari

Carboxymethyl cellulose (CMC) market to garner substantial proceeds via food & beverage segment over 2017-2024, stringent regulatory guidelines to characterize global industry landscape

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In an era where adoption of biodegradable, sustainable, and renewable polymers is being consistently propagated, carboxymethyl cellulose (CMC) market stands as a chief beneficiary, as the material is obtained from natural wood cellulose. Given the fact that CMC possesses exceptional water retention, absorption, and thickening properties, it is being increasingly preferred across the aforementioned end use segments. Subject to these excellent material properties, various regulatory agencies across the globe have been approving the utilization of CMC as a stabilizer in food and beverages sector. This trend has, in turn, boosted the growth prospects of the overall carboxymethyl cellulose (CMC) industry in the recent times.

U.S. carboxymethyl cellulose market size, by end-user, 2013 – 2024 (USD Million)
U.S. carboxymethyl cellulose market size, by end-user, 2013 - 2024 (USD Million)

Citing an instance to validate the efficacy of the aforementioned statements, the Food Safety and Standards Authority of India (FSSAI) issued a detailed notification in 2014 that proposed to allow CMC to be used as a stabilizer in Ready to Serve beverages. Apparently, the national regulator further mandated that every package of these beverages would be required to cite the quantity of CMC that is being used with other ingredients. Moreover, given that the polymer has found wide-spread popularity as a viscosity modifier and thickener, it is also being increasingly utilized to stabilize emulsions in ice-cream and gluten free products. Industry experts claim that such regulatory overview would certainly leave a significant influence on the overall carboxymethyl cellulose (CMC) market in the forthcoming years.

Food and beverage segment to exhibit lucrative growth opportunities for carboxymethyl cellulose (CMC) industry participants

Elaborating further, it would be prudent to mention that carboxymethyl cellulose (CMC) market has been witnessing commendable traction, as the polymer is biodegradable and can be incinerated after use which makes it an environment friendly material. Apparently, this has led to CMC garnering immense popularity, of late, across a vast expanse of business verticals including pharmaceuticals, detergents & laundry, food & beverage, pulp & paper, oil & gas, and personal care. Out of all these segments, food & beverage sector has been contributing vigorously toward carboxymethyl cellulose (CMC) industry size expansion. In fact, as per reliable estimates, food & beverage segment led the overall end use domain of this business sphere in the year 2016.

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Considering the diverse usability of CMC as an emulsifying and thickening agent, the material is being increasingly used in processed meat, bakery products, white wine, condiments, frozen desserts, diet foods, dairy products, soups & sauces, and salad dressings, etc. Moreover, the rising demand for food products prepared with natural ingredients has emerged as one of the pivotal factors to impel the carboxymethyl cellulose (CMC) market. Apparently, driven by the robust requirement for these materials in the processed food formulations, the food & beverage segment of carboxymethyl cellulose (CMC) industry is forecast to register a commendable CAGR of about 4% over 2017-2024, as per authentic estimates.

The latest trend emerging in the carboxymethyl cellulose (CMC) market is of prominent manufacturers including Ashland, Dai-Ichi Kogyo Seiyaku Co. Ltd, Lamberti S.P.A., J.M. Huber Corporation, Akzo Nobel B.V., and Triveni Chemicals focusing on expanding their production capabilities. The industry further anticipates strategic collaborations, mergers and acquisitions that would undeniably enhance its profitability and expand the consumer base.

Author Name : Saif Ali Bepari