Microcrystalline Cellulose (MCC) Market Expansion, Opportunities For Growth and Key Players Strategies Upto 2028
The
global Microcrystalline Cellulose (MCC) Market is forecast to reach USD 1,561.4 Million by
2028, according to a new report by Reports and Data. Microcrystalline cellulose
is a product of cellulose depolymerization. It is tasteless and odorless. The
market is projected to witness a considerable growth during the forecast
period. Its diverse applications primarily support the growth of the market.
The
global Microcrystalline Cellulose (MCC) market research report provides a brief
overview inclusive of competitive landscape and key developments in the market.
It provides an extensive study analysis of the strategic alliances such as
mergers and acquisitions, joint ventures, collaborations, product launches and
brand promotions, corporate deals and partnerships, among others. It also
offers insights into company overview, financial standing, business expansion
plans, and revenue growth of each company. It also sheds light on product
advancement, technological developments, and research and development
activities.
Request
Sample Report @ https://www.reportsanddata.com/sample-enquiry-form/2060
Key
Players:
Key
participants include Rayonier Advanced Materials, Dowdupont, Asahi Kasei
Chemicals Corporation, JRS Pharma GmbH & Co. Kg, Roquette, DFE Pharma GmbH
& Co.Kg, Sigachi Industrial Pvt. Ltd., Avantor Performance Materials Inc.,
Gujarat Microwax Limited and Huzhou City Linghu Xinwang Chemical Co., Ltd.
Further
key findings from the report suggest:
- The
microcrystalline cellulose (MCC) market held a market share of USD 985.2
Million in 2020 and forecasted to grow at a rate of 5.80% during the
forecast period.
- In regards to
Source type, the Wood Based segment generated a higher revenue of USD
545.5 Million in 2018, with a growth rate of 5.4% during the forecast
period. Factors like its extensive preference among commercial MCC
producers due to the advantage of manufacturing MCCs with desired chemical
properties by opting for different wood sources, as different woods have
varied combinations of alpha-cellulose, contributes to the revenue
generated by the Wood-Based segment.
- In context to
the End-use, the Binder/Diluent segment generated the highest revenue of
USD 363.7 Million in 2018, with a CAGR of 6.2% during the forecast period.
The continuous expansion of the pharmaceutical sector and rising demand
for the cellulose in the industry wherein it is extensively used in oral
capsules and tablets as a binder/diluent contributes to the revenue
generated by the Binder/Diluent segment.
- In regards to
the Application, the Pharmaceutical segment held the largest market share
of 45.0% in 2018, with a growth rate of 6.3% during the forecast period.
Factors like the rising geriatric population, associated expansion of the
pharmaceutical industry, elevated demand for the cellulose in the industry
due to its advantages like minimal reactivity with carrying drugs,
contributes to the market share occupied by the Pharmaceutical segment.
- In context to
region, Asia Pacific is forecasted to witness the fastest growth rate of
7.0% during the forecast period, which is projected to occupy 29.0% of the
market by 2026. The growth rate experienced by the Asia Pacific region is
attributed to the growth of the personal care sector, increasing geriatric
population, and associated rise in use of cellulose in the pharmaceutical
industry.
Download
Report Summary @ https://www.reportsanddata.com/download-summary-form/2060
Key
Questions Addressed in the Report:
- What is the
expected revenue growth rate the global Microcrystalline Cellulose
(MCC) market is expected to register during the forecast period?
- What are the
key growth driving factors of Microcrystalline Cellulose
(MCC) market?
- Who are the
leading players in the market?
- What are the
key outcomes of SWOT analysis and Porter’s Five Forces analysis?
- Which region
is expected to account for the largest market share in the
global Microcrystalline Cellulose (MCC)
Regional
analysis covers study of the market in key geographical regions of the world
including North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. The report further predicts the regions expected
to account for the largest revenue share in the forecast period and the CAGR for
the forecast period. The section further discusses in detail the production and
consumption ratio, supply and demand, export and import, consumer demand and
behavior, and presence of key players in each region. The section further
offers a country-wise analysis to provide deeper insights into the global
market.
An
extensive analysis of the global market is included in the report which covers
different factors from region-centric key statistical data to macro- and
micro-economic factors that are crucial for forecast assessment. The study also
offers a comprehensive analysis of the growth prospects, patents, technological
advancements, and product launches in the market.
Market
Segmentation:
Source
Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Non-Wood
Based
- Wood-Based
End-use
Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Binder/Diluent
- Bulking agent
- Emulsifiers
- Stabilizer
- Anti-Caking
Agent
- Others
Application Type
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Pharmaceutical
- Food &
Beverage
- Cosmetics
& Personal Care
- Paints &
coatings
- Others
Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Request
Customization @ https://www.reportsanddata.com/request-customization-form/2060
Key
Points Addressed in the Report:
- A detailed
analysis of the global Microcrystalline Cellulose (MCC) market
through assessment of key market aspects such as technology, product type,
application, end-use, and overall industry dynamics.
- Qualitative
and quantitative analysis of the market estimation and CAGR calculation
for the forecast period.
- All-inclusive
assessment of market dynamics with emphasis on drivers, restraints,
opportunities, and limitations.
- Extensive
profiling of key companies operating in the market including company
overview, financial standing, product offerings, product portfolio, recent
product and technological advancement, and business expansion plans.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
Browse
More Reports:
Chemical
Licensing Market @ https://www.globenewswire.com/news-release/2019/09/26/1921417/0/en/Chemical-Licensing-Market-To-Reach-USD-16-7-Billion-By-2026-Reports-And-Data.html
Intumescent
Coatings Market @ https://www.globenewswire.com/news-release/2019/10/07/1925934/0/en/Intumescent-Coatings-Market-To-Reach-USD-1-25-Billion-By-2026-Reports-And-Data.html
About
Reports and Data:
Reports
and Data is a market research and consulting company that provides syndicated
research reports, customized research reports, and consulting services. Our
solutions purely focus on your purpose to locate, target and analyze consumer
behavior shifts across demographics, across industries and help client’s make a
smarter business decision. We offer market intelligence studies ensuring
relevant and fact-based research across a multiple industries including
Healthcare, Technology, Chemicals, Power and Energy. We consistently update our
research offerings to ensure our clients are aware about the latest trends
existent in the market. Reports and Data has a strong base of experienced
analysts from varied areas of expertise.
Contact
Us:
John
W
Head
of Business Development
Reports
And Data | Web: https://www.reportsanddata.com/
Direct
Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Comments
Post a Comment