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Microcrystalline Cellulose Market Size is projected to reach USD 2.04 Billion by 2031, growing at a CAGR of 6.7%: Straits Research

Straits Research
·9-min read
Straits Research - Market Research Strategy | Strategy Consulting | Business Research | Business Consulting | Market Research
Straits Research - Market Research Strategy | Strategy Consulting | Business Research | Business Consulting | Market Research

The global microcrystalline cellulose market size was valued at USD 1140.62 million in 2022. It is projected to reach USD 2044.66 million by 2031, growing at a CAGR of 6.7% during the forecast period (2023–2031), Europe is the most significant shareholder in the global market.

New York, United States, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Alpha-cellulose is treated with mineral acids to remove impurities and partially depolymerize it, yielding microcrystalline cellulose (MCC). Particle size is typically less than 5 m, and polymerization generally is less than 400 degrees for around 10% of the material. The MCC powder is white and crystalline; its porous particles have no discernible aroma or taste. It takes in atmospheric moisture but doesn't dissolve in liquid water. MCC can replace carboxymethyl cellulose in plaque assays and is more effective than sucrose as a matrix former during freeze-drying. Many industries have found uses for MCC, including the pharmaceutical, food and beverage, and beauty and personal care sectors.


Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/microcrystalline-cellulose-market/request-sample


Growing Pharmaceutical Industry Drives the Global Market

MCC is used as a stabilizer, binder, film former, suspension agent, and disintegrant in tablet formulations, ointments, and other topical therapeutic bases in the pharmaceutical industry. MCC is a vital and ubiquitous excipient in the pharmaceutical industry. It's used extensively in the pharmaceutical industry as a solvent and binder. As the pharmaceutical market grows, it provides additional momentum to the global MCC market. It's used in various pills, capsules, sachet, and other pharmaceutical packages. Increased demand for MCC is forecasted in emerging markets such as China, Brazil, and India.

Growth in Non-Wood-Based MCC Creates Tremendous Opportunities

Currently, wood pulp is used to create MCC. Manufacturing low-cost MCC from wood is a significant challenge. The ecological impact of MCC made from non-wood sources, such as agricultural waste, is much more minor or non-existent when compared to MCC made from trees. Innovative manufacturing processes are being developed to create MCC from sources other than wood. The price of non-wood sources is also lower than that of wood ones. It means that the total production cost and selling price of MCC made from a material other than wood are lower. The declining cost of MCC is expected to boost demand for the product across various end-uses, ultimately leading to a larger global MCC market.


Report Scope

Report Metric

Details

Market Size

USD 2.04 Billion by 2031

CAGR

6.7%

Historical Data

2020-2021

Base Year

2022

Forecast Period

2023-2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Raw Material, Applications, Regions

Geographies Covered

North America, Europe, Asia-Pacific, LAME and Rest of the World

Key Companies Profiled/Vendors

DuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), DFE Pharma GmbH and Co.KG (Germany), FMC Corporation (U.S.), Accent Microcell Pvt. Ltd. (India), Sigachi Industries Pvt. Ltd. (India), and Ming Tai Chemical Co. Ltd. (U.S.).

Key Market Opportunities

Growth in Non-Wood-Based MCC

Key Market Drivers

Growing Pharmaceutical Industry

Buy Now Full Report @ https://straitsresearch.com/buy-now/microcrystalline-cellulose-market


Regional Analysis

Europe is the most significant shareholder in the global microcrystalline cellulose market and is expected to grow during the forecast period. Research and development expenditures, investments in clinical trials, drug development, and the dogged efforts of pharmaceutical companies to provide patients with cutting-edge medicines are all on the rise in Europe. Demand for healthy foods has increased as consumers become more health conscious. Because of the rising demand for pharmaceuticals and the increased scale of their production, MCC is becoming more critical as a business. MCC is commonly used as a diluent or binder in the pharmaceutical industry to create oral tablets and capsules through the direct-compression or wet-granulation processes.

Asia-Pacific is expected to grow during the forecast period. The low price of labor and raw materials, especially in developing countries like China and India, has aided the growth of the microcrystalline cellulose market. The proliferation of active lifestyles, shifting consumption patterns, and increasing levels of personal disposable income all contribute to the increased demand for packaged, processed, ready-to-eat, and ready-to-cook food, increasing demand for MCC. Increased use of 3D printing using biodegradable bio-composites and reinforced polylactic acid is also contributing to the industry's growth. The substantial local population and steady technological advancements have played vital roles in this growth. Asia-Pacific is the region with the highest demand for cosmetics overall and the highest demand for luxury brands.

The personal care and cosmetics industry in the United States is poised to grow due to consumers' increasing demand for items formulated with natural, plant-based ingredients. A growing number of American consumers are realizing the risks associated with the regular application of harsh cosmetics and personal care products. It's also added to cosmetics to give foundation, concealer, and blotting powder a matte finish. Growth in the market is expected to be led by the sales of international cosmetics brands in the country over the forecast horizon. With the economy improving and the number of people with jobs on the rise, the processed food industry is booming, and with it, the MCC market.

As people become more health-conscious and alter their diets, there has been an increase in the demand for wholesome foods. Because of the rising demand for pharmaceuticals and the increased scale of their production, MCC is becoming more critical as a business. Markets in countries like Colombia, Brazil, Argentina, Chile, and Peru have a lot of untapped potentials, making for promising expansion opportunities. The primary forces driving the pharmaceutical market are the rising cost of research and development and the persistent efforts of pharmaceutical companies to provide high-quality goods.


Key Highlights

  • The global microcrystalline cellulose market size is projected to reach USD 2044.66 million by 2031, growing at a CAGR of 6.7% during the forecast period (2023–2031).

  • Based on raw material, the global microcrystalline cellulose market is bifurcated into wood-based and non-wood based. The non-wood based segment is the highest contributor to the market and is expected to grow during the forecast period.

  • Based on application, the global microcrystalline cellulose market is bifurcated into pharmaceuticals, food and beverage, and personal care and cosmetics. The pharmaceutical segment is the highest contributor to the market and is expected to grow during the forecast period.

  • Europe is the most significant shareholder in the global microcrystalline cellulose market and is expected to grow during the forecast period.

The global microcrystalline cellulose market’s major key players are

  • DuPont

  • Asahi Kasei Chemicals Corporation

  • Rayonier Advanced Materials

  • Roquette

  • DFE Pharma GmbH and Co.KG

  • FMC Corporation

  • Accent Microcell Pvt. Ltd

  • Sigachi Industries Pvt. Ltd

  • Ming Tai Chemical Co. Ltd.


Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/microcrystalline-cellulose-market/request-sample


Global Microcrystalline Cellulose Market: Segmentation

By Raw Material

  • Wood-Based

  • Non-Wood Based

By Applications

  • Pharmaceutical

  • Food and Beverage

  • Personal Care and Cosmetics

By Regions

  • North America

  • Europe

  • Asia-Pacific

  • LAMEA


TABLE OF CONTENT

  1. Introduction

    1. Market Definition

    2. Market Scope

  2. Research Methodology

    1. Primary Research

    2. Research Methodology

    3. Assumptions & Exclusions

    4. Secondary Data Sources

  3. Market Overview

    1. Report Segmentation & Scope

    2. Value Chain Analysis: Microcrystalline Cellulose Market

    3. Key Market Trends

      1. Drivers

      2. Restraints

      3. Opportunities

    4. Porter’s Five Forces Analysis

      1. Bargaining Power of Suppliers

      2. Bargaining Power of Buyers

      3. Threat of Substitution

      4. Threat of New Entrants

      5. Competitive Rivalry

    5. Market Share Analysis

  4. Raw Material Overview

    1. Introduction

      1. Market Size & Forecast

    2. Wood-Based

      1. Market Size & Forecast

    3. Non-Wood Based

      1. Market Size & Forecast

  5. Application Overview

    1. Introduction

      1. Market Size & Forecast

    2. Food and Beverage

      1. Market Size & Forecast

    3. Personal Care and Cosmetics

      1. Market Size & Forecast

  6. Regional Overview

    1. Introduction

      1. Market Size & Forecast

    2. America

      1. North America

      2. U.S.

        1. By Raw Material

        2. By Application

      3. Canada

        1. By Raw Material

        2. By Application

      4. Mexico

        1. By Raw Material

        2. By Application

      5. Latin America

        1. By Raw Material

        2. By Application

    3. Europe

      1. Market Size & Forecast

      2. Germany

        1. By Raw Material

        2. By Application

      3. France

        1. By Raw Material

        2. By Application

      4. U.K.

        1. By Raw Material

        2. By Application

      5. Italy

        1. By Raw Material

        2. By Application

      6. Spain

        1. By Raw Material

        2. By Application

      7. Rest of Europe

        1. By Raw Material

        2. By Application

    4. Asia Pacific

      1. Market Size & Forecast

      2. Japan

        1. By Raw Material

        2. By Application

      3. China

        1. By Raw Material

        2. By Application

      4. Australia

        1. By Raw Material

        2. By Application

      5. India

        1. By Raw Material

        2. By Application

      6. South Korea

        1. By Raw Material

        2. By Application

      7. Rest of Asia-Pacific

        1. By Raw Material

        2. By Application

    5. Middle East & Africa

      1. Market Size & Forecast

      2. Saudi Arabia

        1. By Raw Material

        2. By Application

      3. South Africa

        1. By Raw Material

        2. By Application

      4. Kuwait

        1. By Raw Material

        2. By Application

      5. Rest of Middle East & Africa

        1. By Raw Material

        2. By Application

  7. Company Profile

    1. DuPont

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    2. Asahi Kasei Chemicals Corporation

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    3. Rayonier Advanced Materials

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

  8. Conclusion & Recommendation

  9. Acronyms & Abbreviations


Table of Content and Figure @ https://straitsresearch.com/report/microcrystalline-cellulose-market/toc


Market News

  • In June 2022, Bionova Scientific, LLC, a provider of contract process development services and Good Manufacturing Practice (GMP)-compliant contract manufacturing services to biopharmaceutical companies, was acquired by Asahi Kasei Medical.

  • In June 2022, Alchemedicine and Asahi Kasei Pharma Sign Exclusive License Agreement for Selective Endothelin A Receptor Antagonist.


News Media

Global Nitrocellulose Market Grows Steadily at a CAGR of 5.5%


Have a Look at the Related Research Report?

Artificial Tears Market: Information by Type (Cellulose Derived Tears, Glycerin Derived Tears), Applications (Dry Eyes Treatment, and Contact Lenses Moisture), and Regions-Forecast till 2031

Acetic Acid Market: Information by Application (Vinyl Acetate Monomer, Cellulose Acetate) End-User (Adhesives & Paints, Pharmaceutical, Food & Beverages), and Regions-Forecast till 2031

Intake Filter Media Market: Information by Application (Automotive, Aerospace), Filter Media (Cellulose, Synthetic), Vehicle Type (Passenger Vehicles), and Region — Forecast till 2030

Nitrocellulose Market: Information by Application (Printing Inks, Automotive Paints, Wood Coatings), Product (M-Grade Cellulose, E-Grade Cellulose), and Region — Forecast till 2030

Printing Inks Market: Information by Product (Gravure, Lithographic, Flexographic, Digital Printing), Resin (Modified Rosin, Modified Cellulose), Application, and Region — Forecast till 2030


About Straits Research Pvt. Ltd.

Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.


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