January 21, 2020
According to the research report titled ‘Microcrystalline Cellulose (MCC) Market Size By Source (Wood, Non-wood), By Industry (Food & Beverages, Pharmaceutical, Personal Care, Paints & Coatings), Industry Analysis Report, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, the global microcrystalline cellulose (MCC) market is expected to cross USD 1.35 billion by the year 2026.
Rapid expansion of pharmaceutical industry is a major factor driving the microcrystalline cellulose market growth. Growing inclination towards healthy and low-fat food products is also boosting product demand. Moreover, surging investments in R&D activities have led to the development of innovative microcrystalline cellulose products.
As per credible sources, wood pulp segment of microcrystalline cellulose market is expected to register substantial growth during the forecast period. The shifting focus towards strengthening supply chain owing to various collaborations between key industry players and end-use industries are fueling the segmental growth. However, strict government policies pertaining to environmental conservation are compelling industries to use non-wood sources for manufacturing microcrystalline cellulose.
In terms of industry, the food & beverage segment is presumed to grow significantly during the estimated timeframe, on account of product usage as a suspension stabilizing agent for increasing the shelf life of edibles. Additionally, it helps in avoiding the sedimentation of insoluble particles by working as a suspending & dispersing agent in dairy items.
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Considering the geographical landscape, Asia-Pacific microcrystalline cellulose market will witness substantial growth by the year 2026. Rapid urbanization and industrialization are contributing towards popularity of the product across the region. Moreover, rising adoption of MCC in personal care and cosmetics industry is also facilitating the business scenario.
Chemfield Cellulose, J. Rettenmaier & Söhne Gmbh+Co. Kg, Libraw Pharma, DFE Pharma GmbH & CO., Blanver, Asahi Kasei Corp., FMC Corp., Spechem Cellulose Pvt. Ltd., NB Entrepreneurs, Amshi Drugs & Chemicals Pvt. Ltd., Accent Microcell Pvt. Ltd., Mingtai Chemical Co. Ltd., Avantor Performance Materials LLC, Sigachi Industrial Pvt. Ltd. and Juku Orchem Private Limited are the prominent companies operating in the microcrystalline cellulose market.
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