Microcrystalline Cellulose Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The microcrystalline cellulose (MCC) is a refined form of wood pulp synthesized from alpha cellulose precursor. It is an odorless and tasteless crystalline powder with a particle size of about 10 micrometers. MCC exhibit excellent binding capability, disintegrating property, and flowability. It is highly absorbent and is a great filler and bulking agent. MCC is widely used as a health food additive and is an important base material in functional foods. It is used in the paint industry for water-based coatings as thickeners and emulsifiers. MCC has critical applications in the pharmaceutical industry as well, where it is used as an excipient. Besides, it is also extensively used in the cosmetic industry for various hair, skincare, and makeup products.

MARKET DYNAMICS

The microcrystalline cellulose market is anticipated to grow in the forecast period owing to driving factors such as growth of the processed food industry where the product is extensively used as emulsifier, bulking agent, and fat substitute. Moreover, growing acceptance as a pharmaceutical excipient and demands from the cosmetic industry further fuels the growth of the microcrystalline cellulose market. However, product substitutes in specific applications and volatile prices hamper the growth of the microcrystalline cellulose market. Nonetheless, demands from the developing nations are expected to offer significant growth opportunities for the players operating in the microcrystalline cellulose market during the forecast period.

MARKET SCOPE

The "Global Microcrystalline Cellulose Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of microcrystalline cellulose market with detailed market segmentation by source type, application, and geography. The global microcrystalline cellulose market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading microcrystalline cellulose market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global microcrystalline cellulose market is segmented on the basis of source type and application. Based on source type, the market is segmented as wood-based and non-wood based. On the basis of the application the market is segmented as pharmaceutical, food & beverage, cosmetics & personal care, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global microcrystalline cellulose market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The microcrystalline cellulose market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting microcrystalline cellulose market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the microcrystalline cellulose market in these regions.

MARKET PLAYERS

The reports cover key developments in the microcrystalline cellulose market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from microcrystalline cellulose market are anticipated to lucrative growth opportunities in the future with the rising demand for microcrystalline cellulose in the global market. Below mentioned is the list of few companies engaged in the microcrystalline cellulose market.

The report also includes the profiles of key microcrystalline cellulose companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• Accent Microcell Pvt. Ltd.
• Asahi Kasei Corporation
• Avantor, Inc.
• DFE Pharma GmbH & Co.KG
• FMC Corporation
• JRS PHARMA GmbH & Co. KG
• Mingtai Chemical Co., Ltd.
• Rayonier Advanced Materials
• Roquette Frères
• Sigachi Industries Pvt. Ltd.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Microcrystalline Cellulose Report Scope