Microcrystalline Cellulose Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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 FRAMEWORKThe 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.
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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 PLAYERSThe 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Microcrystalline Cellulose Market - By Source Type
1.3.2 Microcrystalline Cellulose Market - By Application
1.3.3 Microcrystalline Cellulose Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MICROCRYSTALLINE CELLULOSE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MICROCRYSTALLINE CELLULOSE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MICROCRYSTALLINE CELLULOSE MARKET - GLOBAL MARKET ANALYSIS
6.1. MICROCRYSTALLINE CELLULOSE - GLOBAL MARKET OVERVIEW
6.2. MICROCRYSTALLINE CELLULOSE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MICROCRYSTALLINE CELLULOSE MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE TYPE
7.1. OVERVIEW
7.2. SOURCE TYPE MARKET FORECASTS AND ANALYSIS
7.3. WOOD-BASED
7.3.1. Overview
7.3.2. Wood-based Market Forecast and Analysis
7.4. NON-WOOD BASED
7.4.1. Overview
7.4.2. Non-Wood based Market Forecast and Analysis
8. MICROCRYSTALLINE CELLULOSE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PHARMACEUTICAL
8.3.1. Overview
8.3.2. Pharmaceutical Market Forecast and Analysis
8.4. FOOD AND BEVERAGE
8.4.1. Overview
8.4.2. Food and Beverage Market Forecast and Analysis
8.5. COSMETICS AND PERSONAL CARE
8.5.1. Overview
8.5.2. Cosmetics and Personal Care Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MICROCRYSTALLINE CELLULOSE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Microcrystalline Cellulose Market Overview
9.1.2 North America Microcrystalline Cellulose Market Forecasts and Analysis
9.1.3 North America Microcrystalline Cellulose Market Forecasts and Analysis - By Source Type
9.1.4 North America Microcrystalline Cellulose Market Forecasts and Analysis - By Application
9.1.5 North America Microcrystalline Cellulose Market Forecasts and Analysis - By Countries
9.1.5.1 United States Microcrystalline Cellulose Market
9.1.5.1.1 United States Microcrystalline Cellulose Market by Source Type
9.1.5.1.2 United States Microcrystalline Cellulose Market by Application
9.1.5.2 Canada Microcrystalline Cellulose Market
9.1.5.2.1 Canada Microcrystalline Cellulose Market by Source Type
9.1.5.2.2 Canada Microcrystalline Cellulose Market by Application
9.1.5.3 Mexico Microcrystalline Cellulose Market
9.1.5.3.1 Mexico Microcrystalline Cellulose Market by Source Type
9.1.5.3.2 Mexico Microcrystalline Cellulose Market by Application
9.2. EUROPE
9.2.1 Europe Microcrystalline Cellulose Market Overview
9.2.2 Europe Microcrystalline Cellulose Market Forecasts and Analysis
9.2.3 Europe Microcrystalline Cellulose Market Forecasts and Analysis - By Source Type
9.2.4 Europe Microcrystalline Cellulose Market Forecasts and Analysis - By Application
9.2.5 Europe Microcrystalline Cellulose Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Microcrystalline Cellulose Market
9.2.5.1.1 Germany Microcrystalline Cellulose Market by Source Type
9.2.5.1.2 Germany Microcrystalline Cellulose Market by Application
9.2.5.2 France Microcrystalline Cellulose Market
9.2.5.2.1 France Microcrystalline Cellulose Market by Source Type
9.2.5.2.2 France Microcrystalline Cellulose Market by Application
9.2.5.3 Italy Microcrystalline Cellulose Market
9.2.5.3.1 Italy Microcrystalline Cellulose Market by Source Type
9.2.5.3.2 Italy Microcrystalline Cellulose Market by Application
9.2.5.4 United Kingdom Microcrystalline Cellulose Market
9.2.5.4.1 United Kingdom Microcrystalline Cellulose Market by Source Type
9.2.5.4.2 United Kingdom Microcrystalline Cellulose Market by Application
9.2.5.5 Russia Microcrystalline Cellulose Market
9.2.5.5.1 Russia Microcrystalline Cellulose Market by Source Type
9.2.5.5.2 Russia Microcrystalline Cellulose Market by Application
9.2.5.6 Rest of Europe Microcrystalline Cellulose Market
9.2.5.6.1 Rest of Europe Microcrystalline Cellulose Market by Source Type
9.2.5.6.2 Rest of Europe Microcrystalline Cellulose Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Microcrystalline Cellulose Market Overview
9.3.2 Asia-Pacific Microcrystalline Cellulose Market Forecasts and Analysis
9.3.3 Asia-Pacific Microcrystalline Cellulose Market Forecasts and Analysis - By Source Type
9.3.4 Asia-Pacific Microcrystalline Cellulose Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Microcrystalline Cellulose Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Microcrystalline Cellulose Market
9.3.5.1.1 Australia Microcrystalline Cellulose Market by Source Type
9.3.5.1.2 Australia Microcrystalline Cellulose Market by Application
9.3.5.2 China Microcrystalline Cellulose Market
9.3.5.2.1 China Microcrystalline Cellulose Market by Source Type
9.3.5.2.2 China Microcrystalline Cellulose Market by Application
9.3.5.3 India Microcrystalline Cellulose Market
9.3.5.3.1 India Microcrystalline Cellulose Market by Source Type
9.3.5.3.2 India Microcrystalline Cellulose Market by Application
9.3.5.4 Japan Microcrystalline Cellulose Market
9.3.5.4.1 Japan Microcrystalline Cellulose Market by Source Type
9.3.5.4.2 Japan Microcrystalline Cellulose Market by Application
9.3.5.5 South Korea Microcrystalline Cellulose Market
9.3.5.5.1 South Korea Microcrystalline Cellulose Market by Source Type
9.3.5.5.2 South Korea Microcrystalline Cellulose Market by Application
9.3.5.6 Rest of Asia-Pacific Microcrystalline Cellulose Market
9.3.5.6.1 Rest of Asia-Pacific Microcrystalline Cellulose Market by Source Type
9.3.5.6.2 Rest of Asia-Pacific Microcrystalline Cellulose Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Microcrystalline Cellulose Market Overview
9.4.2 Middle East and Africa Microcrystalline Cellulose Market Forecasts and Analysis
9.4.3 Middle East and Africa Microcrystalline Cellulose Market Forecasts and Analysis - By Source Type
9.4.4 Middle East and Africa Microcrystalline Cellulose Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Microcrystalline Cellulose Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Microcrystalline Cellulose Market
9.4.5.1.1 South Africa Microcrystalline Cellulose Market by Source Type
9.4.5.1.2 South Africa Microcrystalline Cellulose Market by Application
9.4.5.2 Saudi Arabia Microcrystalline Cellulose Market
9.4.5.2.1 Saudi Arabia Microcrystalline Cellulose Market by Source Type
9.4.5.2.2 Saudi Arabia Microcrystalline Cellulose Market by Application
9.4.5.3 U.A.E Microcrystalline Cellulose Market
9.4.5.3.1 U.A.E Microcrystalline Cellulose Market by Source Type
9.4.5.3.2 U.A.E Microcrystalline Cellulose Market by Application
9.4.5.4 Rest of Middle East and Africa Microcrystalline Cellulose Market
9.4.5.4.1 Rest of Middle East and Africa Microcrystalline Cellulose Market by Source Type
9.4.5.4.2 Rest of Middle East and Africa Microcrystalline Cellulose Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Microcrystalline Cellulose Market Overview
9.5.2 South and Central America Microcrystalline Cellulose Market Forecasts and Analysis
9.5.3 South and Central America Microcrystalline Cellulose Market Forecasts and Analysis - By Source Type
9.5.4 South and Central America Microcrystalline Cellulose Market Forecasts and Analysis - By Application
9.5.5 South and Central America Microcrystalline Cellulose Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Microcrystalline Cellulose Market
9.5.5.1.1 Brazil Microcrystalline Cellulose Market by Source Type
9.5.5.1.2 Brazil Microcrystalline Cellulose Market by Application
9.5.5.2 Argentina Microcrystalline Cellulose Market
9.5.5.2.1 Argentina Microcrystalline Cellulose Market by Source Type
9.5.5.2.2 Argentina Microcrystalline Cellulose Market by Application
9.5.5.3 Rest of South and Central America Microcrystalline Cellulose Market
9.5.5.3.1 Rest of South and Central America Microcrystalline Cellulose Market by Source Type
9.5.5.3.2 Rest of South and Central America Microcrystalline Cellulose Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MICROCRYSTALLINE CELLULOSE MARKET, KEY COMPANY PROFILES
11.1. ACCENT MICROCELL PVT. LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASAHI KASEI CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AVANTOR, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DFE PHARMA GMBH AND CO.KG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FMC CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JRS PHARMA GMBH AND CO. KG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MINGTAI CHEMICAL CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RAYONIER ADVANCED MATERIALS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ROQUETTE FRèRES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SIGACHI INDUSTRIES PVT. LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Accent Microcell Pvt. Ltd.
2.Asahi Kasei Corporation
3.Avantor, Inc.
4.DFE Pharma GmbH and Co.KG
5.FMC Corporation
6.JRS PHARMA GmbH and Co. KG
7.Mingtai Chemical Co., Ltd.
8.Rayonier Advanced Materials
9.Roquette Frères
10.Sigachi Industries Pvt. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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