The global demand for Microcrystalline Cellulose Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Microcrystalline Cellulose referred to as MCC is a free-flowing powdered form of a natural polymer usually obtained from refined wood pulp. MCC can be obtained from other plants like sorghum, cotton and hemp. The most common use of MCC is in the food and pharmaceutical industry. The inert MCC is used as a vehicle agent in the manufacture of tablets. In fast food products, it is used as a bulking agent that influences the texture and gives a fattening effect on the food without altering its flavour and calories count. This highly versatile product is used in personal care products, detergents and textile manufacturing. MCC can cause mild side effects like bloating.
The main drivers for the growth of the MCC market are the rising geriatric population and the changing lifestyles. The various innovations carried out in the cosmetics sector will benefit this market. The growing demand for processed foods and manufacture of tablets to enable ease of consumption will boost the growth of the MCC market since it is used as an efficient bulking agent. The growing health-conscious population has been a major factor in the growth of this market since MCC is sought after as a low fat, dietary additive to food products. The versatility of MCC will enable it to have a positive impact on the market even during the COVID-19 pandemic. The various constraints of this market are the volatility of the price of raw materials and fast emerging alternatives.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of microcrystalline cellulose.
The entire microcrystalline cellulose market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Wood Based
- Non-Wood Based
- Cosmetics Industry
- Food & Beverage
- Welding Electrodes
- Cement & Ceramics
- Oil & Gas Refineries
This section covers regional segmentation which accentuates on current and future demand for microcrystalline cellulose market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Microcrystalline Cellulose Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the microcrystalline cellulose market include DowDuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (Finland), Roquette (France), DFE Pharma GmbH & Co.KG (Germany), JRS Pharma GmbH & Co.KG (Germany), Avantor Performance Materials Inc. (US), Gujarat Microwax Limited (India), Sigachi Industrial Pvt. Ltd. (India), Huzhou City LinghuXinwang Chemical Co., Ltd. (China). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.