Feb 03, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Microcrystalline Cellulose Market.
It was estimated prior to this unanticipated outbreak that the Microcrystalline Cellulose Market is likely to witness an impressive CAGR of 8.2% during the forecast period. The global MCC market is majorly driven by the growing demand for processed food and rising production of pharmaceutical and cosmetic & personal care products.
Microcrystalline Cellulose (MCC) mainly refers to the wood pulp that is refined in nature and is used in different applications such as an anti-caking agent, extender, and many others.
Microcrystalline Cellulose (MCC) now is also available as a non-wooden base along with the wooden base. Food & beverage, pharmaceutical, cosmetics, and others are the industries where it is used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the source type, the market is segmented as wood-based and non-wood based. The wood-based segment dominated the market in 2018, in terms of both value and volume, and is expected to maintain its dominance during the forecast period. The chemical properties of MCC yielded from various wooden sources differ owing to the variance in the composition of alpha-cellulose in different kinds of wood obtainable. Commercially available MCC is largely formed from wood-based sources.
Based on the application type, the market is segmented as food & beverage, pharmaceutical, cosmetics & personal care, and others. The pharmaceutical application segment dominated the market in 2018, and it is likely to lead the market in the coming five years as well.
In terms of regions, Europe accounted for the largest market for MCC in 2018. The market is majorly driven by the rising investments in drug development and the incessant efforts of the pharmaceutical companies to deliver premium-quality products. Further, the economic repossession and the rise in the employment rate are the prime factors for growth of the processed-food industry in the region, which in turn, corroborates the development of the market in the food & beverage application. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Microcrystalline Cellulose market are-
Asahi Kasei Chemicals Corporation
Avantor Performance Materials Inc.
Accent Microcell Pvt. Ltd.
Anhui Sunhere Pharmaceutical Excipients Co., Ltd.
DFE Pharma GmbH & Co.Kg
The Dow Chemical Company
Foodchem International Corporation
Gujarat Microwax Limited
Huzhou City Linghu Xinwang Chemical Co., Ltd.
JRS Pharma GmbH & Co. Kg.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Microcrystalline Cellulose analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors