Market Research Report
Global Microcrystalline Cellulose Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||931054|
|Published||Content info||168 Pages
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|Global Microcrystalline Cellulose Market Forecast 2020-2028|
|Published: April 3, 2020||Content info: 168 Pages||
The global microcrystalline cellulose market is set to register growth at a CAGR of 5.61% in terms of revenue, and 5.21% in terms of volume, during the forecasted period, 2020-2028. The factors estimated to be influencing the market growth are the flourishing processed food industry, emerging demand for MCC in developed nations, and high demand for microcrystalline cellulose in pharmaceuticals.
Microcrystalline cellulose is a fine white powder that has no odor. It is derived from the pulp of fibrous plant material and is a purified form of cellulose. It is primarily utilized as an emulsifier, anticaking agent, stabilizer, and dispersing agent. There is an increasing demand for microcrystalline cellulose in the pharmaceutical industries of several developing countries like India, China, and Brazil. It is widely used as an excipient and serves as the key constituent compound in the formulation of capsules and tablets. It also finds utilization if disintegrating agents, anti-sticking agents, adsorbents, capsule diluents, and fillers. The processed food industry makes use of microcrystalline cellulose for producing low-fat dairy products.
The high costs in terms of microcrystalline cellulose production and the availability of substitutes like carboxymethyl cellulose (CMC) and magnesium stearate, are projected to hinder the growth of the market. At the same time, economic development is predicted to play a significant role in the market, since the consumption of processed food & beverage and pharmaceutical products is projected to increase in the developing nations. The market has a moderate number of players.
In terms of geography, the global microcrystalline cellulose market is segmented into North America, Europe, Asia Pacific, and the rest of the world. In terms of revenue, Europe dominated the market in 2019, garnering a significant share of the market. The region is considered to be an epicenter of microcrystalline cellulose consumption, since low-fat dairy products are mostly preferred.
Some of the market players operating in the market include, FMC Corporation, DowDuPont, Rayonier Advanced Material, etc.
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