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.
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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.
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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.
Source Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Non-Wood Based
End-use Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Bulking agent
- Anti-Caking Agent
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Food & Beverage
- Cosmetics & Personal Care
- Paints & coatings
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- North America
- Asia Pacific
- Latin America
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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.
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