Carboxymethyl Cellulose Market Growth & Forecast 2018-2024 by Top Manufacturers | Well Cementation Fluids In Oil Field

The global carboxymethyl cellulose market is anticipated to exhibit positive CAGR of 3.2% during the forecast period 2013 to 2019. The market valuation was US$0.83 bn in 2012, which is predicted to reach US$ 1.03 bn by the end of 2019.

Although many of the chemical applications used to keep fluids flowing are mature, they are tailored to the specifics of a given field, Kondapi said. “Any chemical application is manufactured based on the fluid properties of a field. It all depends on the behavior and composition of the fluid. … You don’t get the same chemical for two different fields,” he said.

The Report Comprises of Various Company Profiles of Fundamental Market Players of Carboxymethyl Cellulose Market.

Many important factors make the market that drives the growth of an industry or a company. Market Intelligence Data has pointed out the five significant driving factors, and they have provided in-depth information on them with analytical data.

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Ashland,Evonik,PPG Insustries,Akzo-Nobel,Henkel,BASF,Sherwin-Williams,Dow Chemical,Sumitomo,DuPont,Valspar,Nippon,Mitsubishi,HuaRun,Carpoly,Mitsui,Specialty Coating Systems,U.S. Specialty Coatings,Augusta Specialty Coatings,Expera Specialty Solutions,Masterbond,Axalta,SCI Specialty Coatings,Cross-Roads Coatings,Quest Specialty Chemicals,PolyOne Specialty Coatings

Carboxymethyl Cellulose Market Size will surpass USD 1.7 billion by 2024. Carboxymethyl cellulose market (cellulose gum industry) growth will be driven by the escalating demand trends from the food & beverage segment. The product will have robust demand in the processed food formulations for various roles as: adhesion agent, thickening agent and stabilizer, emulsifier, bulking agent, firming agent, gelling & glazing agent, humectant, etc.

Dodecanol also called as Lauryl alcohol or 1-dodecanol is classified as a fatty alcohol. It is a colorless, tasteless solid with a floral smell. It is manufactured by hydrogenation of palm kernel or coconut oil fatty acids. The major use of dodecanol is as a chemical intermediate for the manufacture of dodecyl sulfate and dodecyl ethoxylate. Additionally, it is used as a vital raw material in the manufacture of surfactants. It is also used in the manufacture of pharmaceuticals, lubricating oils, flavoring agents and as an emollient among other.

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Other applications of oleyl alcohol include plasticizer for use in fabrics. The market for oleyl alcohol in plasticizers has been witnessing noticeable growth due to changing lifestyles and emerging global economies in Asia Pacific and Latin America. Additionally, growing environmental awareness and rising legal provisions have been serving as a catalyst for the plasticizers market with developments in various emerging economies such as Brazil, Russia, China and India. Matured regions such as Europe and North America accounted for the highest demand for oleyl alcohol due to the presence of vast hair care and skin care industries in these regions resulting in significant demand for the chemical. Moreover, emerging economies in Asia Pacific such as Japan, China and India are anticipated to witness the fastest growth rate over the forecast period on account of growing hair care, skin care and pharmaceutical industries in the region. Various factors such as rising awareness regarding healthy hair and skin among consumers as well as changing lifestyles is expected to boost the demand for personal care products which in turn is anticipated to contribute towards the demand for oleyl alcohol.