Carboxymethyl cellulose has been used in several frozen food & beverages as a stabilizing agent and viscosity improving agent. Finished wines and ice creams are key application areas for CMC, as it deprives the need for salt ice mixers, thereby trimming the cost of ice cream production, and it saves processing time & energy by preventing formation of the potassium bi-tartrate crystals in finished wines. Carboxymethyl cellulose's foray as cold stabilizers in food & beverages has proved to be a monetary boon for manufacturers, by eliminating the use of expensive cold stabilizers.
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Carboxymethyl Cellulose Market is expected to exceed USD 1.7 billion by 2024; according to a new research report by Global Market Insights, Inc. Carboxymethyl cellulose (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. WHO estimated that 39% of people aged 18 and above were overweight in 2016 and 13% were obese. In the same year, about 41 million children under the age of 5 were identified to be overweight or obese. Rising desire for food products with natural ingredients along with the increasing obesity levels have been boosting fat replacers demand in the recent years, which in turn propel CMC market size by 2024.
China Oilfield Services has higher revenue and earnings than Dawson Geophysical. Dawson Geophysical is trading at a lower price-to-earnings ratio than China Oilfield Services, indicating that it is currently the more affordable of the two stocks.
Some companies that are related to China Oilfield Services include Gazprom PAO (EDR) (OGZPY), TULLOW OIL PLC/ADR (TUWOY), Paramount Resources (PRMRF), Premier Oil (PMOIY), Petroleum Geo-Services ASA (PGSVY), Africa Oil (AOIFF), Dawson Geophysical (DWSN), Ion Geophysical (IO), Zion Oil & Gas (ZN), NXT Energy Solutions (NSFDF), Pledge Petroleum (PROP), SAExploration (SAEX), Cardinal Energy Group (CEGX), Saratoga Resources (SARA) and CGG (CGG).
The global carboxymethyl cellulose market is categorized on the basis of end users, which is further divided into oil drilling fluids, food and beverages, personal care, paper processing, paints and adhesives, and others (including mining, industrial detergents, etc.). Out of these, food and beverages industry contributed an outstanding share of income in the global carboxymethyl cellulose market in 2012. The second position was held by oil drilling fluids that represent 22.3% of the aggregate demand in the global CMC market in 2012. Moreover, the demands for carboxymethyl cellulose is estimated to grow in the personal care segment due to its growing application in it. In forthcoming years, the mechanical cleansers and mining industry are expected to offer lucrative opportunities for the carboxymethyl cellulose. Growing contribution from the paints and glues industry is likely to boost the demand for the carboxymethyl cellulose during the forecast period. Therefore, with the increasing contribution in all the industries, the global carboxymethyl cellulose market is estimated to grow at a healthy rate during the forecast period.
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.
An extensive elucidation of innovation and assembling procedures, determining the competitive players Sankosha U.S.A, Fosroc Limited, Oldcastle Precast, Pocono Fabricators, Rath Incorporated, Sauereisen, 1st Insulation Partners, 3M, Pittsburgh Corning, Aggregate Industries, APS Supply, Aremco Products, Atlas Construction Supply, Ball Consulting, Bituchem Group, Blome International, Bonded Materials Company, Buddy Rhodes Concrete Products, Cast Supply, CeraTech USA, Combimix, Cotronics Corp, Dayton Superior, DENSO GmbH, Epro Services, General Polymers, as well as suppliers and vendors, along with thoroughly studied information of the concerned organization, as well as its development-oriented plans allows our clients in making visionary implementations with proper planning in place.
Halliburton provides oilfield chemicals for applications such as drilling, cementing, completion, stimulation, and well intervention. Halliburton Baroid is a high-quality additive used as a drilling fluid. The chemicals used for cementing includes accelerators, defoamers, dispersants, and retarders.
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FILE - In this April 24, 2015 file photo, pumpjacks work in a field near Lovington, N.M. Thanks to more barrels of oil being pumped monthly from the Permian Basin, New Mexico is among the nation's top producing states. Industry officials in New Mexico say billions of dollars of investment by energy companies in the state is paying off as production is reaching record highs. Photo credit: ASSOCIATED PRESS
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