The global croscarmellose sodium market is anticipated to surpass a valuation of US$ 900 Mn by the end of 2022, projecting growth at a healthy CAGR of around 5% to 6% during the forecast period 2022-2032. The demand for croscarmellose sodium is estimated to exceed US$ 1,650 Mn by 2032, in comparison to the US$ 850 registered in the year 2021.
Report Attribute
Details
Croscarmellose Sodium Market Registered Base Value (2021)
US$ 850 Million
Croscarmellose Sodium Market Expected Value (2022)
US$ 900 Million
Croscarmellose Sodium Market Anticipated Value (2032)
Croscarmellose sodium, also referred to as modified cellulose gum or cross-linked sodium carboxymethyl cellulose, is a white to grayish-white powder with no odor. It is a water-soluble polymer manufactured from wood pulp and cotton linter through various chemical reactions.
What are the Prominent Drivers Creating Growth Prospects in the Global Croscarmellose Sodium Market
The croscarmellose sodium market is largely driven by the swift expansion of the pharmaceutical industry. There has been a rapid surge in the prevalence of various diseases and conditions such as hypertension, cardiovascular disease, cancer, hypercholesterolemia, and others over the last few years, resulting in fueling the demand for pharmaceutical products.
Croscarmellose sodium is gaining huge popularity across the pharmaceutical sector, owing to its advantages such as assistance in fast disintegration & dissolution, enhancing flowability, good mixing properties, and increasing stability of the formulation among others. Attributed to this, it is finding a wide range of applications in the formulation of pharmaceutical products such as therapeutics drugs, capsules, tablets, pellets, and others. Hence, surging demand for pharmaceutical products is projected to bolster the demand for croscarmellose sodium in the global market.
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Which are Key Constraints Restraining the Global Croscarmellose Sodium Market Growth
Increasing availability of various others emulsifiers and disintegrants such as crospovidone, sodium starch glycolate, cross-linked alginic acid, and calcium silicate among others are hindering the sales of croscarmellose sodium in the global market.
In addition to this, there are numerous side effects associated with the consumption of croscarmellose sodium such as hepatotoxicity, interstitial nephritis, dyspepsia, fever, pneumonitis, pancreatitis, rashes, pericarditis, and others. Rising awareness regarding these adverse effects is restraining the growth in the market.
What is the Demand Outlook for Croscarmellose Sodium in the South Asia Market
As per FMI, South Asia is projected to emerge as a highly remunerative market for croscarmellose sodium during the forecast period 2022-2032.
Due to the increasing stressed lifestyle and changing eating habits, the burden of various disorders and health-related diseases such as obesity, diabetes, hypertension, insomnia, and others is rapidly increasing across South Asia, creating strong demand for therapeutics medications.
For instance, according to the International Diabetes Federation, around 74.19 Mn people, or nearly 9.6% of the total population in India were reported to be suffering from diabetes in the year 2021. As croscarmellose sodium plays a vital role in the production of pills, tablets, capsules, and other medications, growing burden of such diseases is anticipated to augment the growth in the South Asia market.
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Why are the Sales of Croscarmellose Sodium Accelerating in the North America Market
North America is expected to exhibit growth at a rapid CAGR in the global croscarmellose sodium market from 2022 to 2032, states Future Market Insights.
With increasing customer inclination toward packaged food & beverages products, there is a swift rise in demand for ready-to-eat snacks, breakfast cereals, bakery products, dairy products, juices, and others. Hence, key industry players are focusing on launching new products to capitalize on the surging demand.
For instance, in 2021, General Mills, Inc., an American multinational manufacturer of consumer foods, announced its plan of launching a new ready-to-eat cereal lineup including CinnaGraham Toast Crunch, Reese’s Puffs Cluster Crunch, and others. As croscarmellose sodium is used as an emulsifier for the production of aforementioned products, a multiplicity of such new product launches is estimated to favor the growth in the North America market.
Market Competition
Some of the leading players in the croscarmellose sodium market are JRS Pharma LP, NB Entrepreneurs, du Pont de Nemours and Company, Maple Biotech Pvt. Ltd., Roquette Frères, Mingtai Chemical Co., Ltd., FMC Corporation, BASF SE, DFE Pharma, Blanver EN, Ashland Inc., Spectrum Chemical Mfg. Corp., and others.
Attributed to the rising adopting capacity expansion, collaboration, mergers & acquisitions strategies, the market for croscarmellose sodium is highly competitive.
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Report Scope
Report Attribute
Details
Growth Rate
CAGR of 5% to 6% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015-2020
Forecast Period
2022-2032
Quantitative Units
Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Source
Grade
Application
End Use
Region
Countries Covered
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Key Companies Profiled
JRS Pharma LP
NB Entrepreneurs
du Pont de Nemours and Company
Maple Biotech Pvt. Ltd.
Roquette Frères
Mingtai Chemical Co., Ltd.
FMC Corporation
BASF SE
DFE Pharma
Blanver EN
Ashland Inc.
Spectrum Chemical Mfg. Corp.
Others
Customization
Available Upon Request
Key Segments Profiled in the Croscarmellose Sodium Market Survey
By Source:
Cotton
Wood Pulp
By Grade:
Food Grade
Pharmaceutical Grade
Cosmetic Grade
By Application:
Emulsifier
Disintegrant
Dissolution Agent
Stabilizing Agent
Mixing Agent
Others
By End Use:
Food and Beverage Industry
Dietary Supplement Industry
Pharmaceutical Industry
Nutraceutical Industry
Personal Care and Cosmetic Industry
Textile Industry
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Frequently Asked Questions
What is the demand outlook for croscarmellose sodium market until 2032?
FMI projects the demand for croscarmellose sodium market to expand at 5% to 6% value CAGR over the forecast period 2022-2032
Which region is forecast to be the most lucrative for croscarmellose sodium market growth?
The croscarmellose sodium market is dominated by South Asia, and this trend is projected to continue for the assessment period.
Which are some key croscarmellose sodium manufacturer?
JRS Pharma LP, NB Entrepreneurs, du Pont de Nemours and Company, Maple Biotech Pvt. Ltd., Roquette Frères, Mingtai Chemical Co., Ltd., FMC Corporation, BASF SE, DFE Pharma, Blanver EN, Ashland Inc., Spectrum Chemical Mfg. Corp., and others are some key croscarmellose sodium manufacturer.
