Microcrystalline Cellulose Market was valued US$ 755 Mn by 2017 and is estimated to reach approximately US$ 1220 Mn by 2026 at a CAGR of about 6 % during a forecast period.
Microcrystalline cellulose is used as a stabilizer, a fat substitute, an anti-caking agent and emulsifier in food items such as frozen food, ice cream, canned meat, etc. to improve its stability. Microcrystalline Cellulose is widely used in pharmaceuticals, owing to its tasteless, odour less, and chemical inertness properties. Growing pharmaceutical industry is expected to support the market growth of microcrystalline cellulose. Microcrystalline market is gaining market rapidly owing to number of applications in end use industry. Availability of several substitutes, such as guar gum, carboxy methyl cellulose, xanthan gum, etc. are likely to restrain the microcrystalline cellulose market. Additionally High production cost along with lower expected yield brings restrain to microcrystalline cellulose market.Microcrystalline Cellulose MarketIn terms of source microcrystalline cellulose market is segmented into wood and non-wood. Wood-based sources constitutes a major share in microcrystalline cellulose market. Microcrystalline cellulose is obtained from wood pulp. Non wood source segment is about to gain a market in near future due to rising environmental concerns to reduce deforestation that has resulted into microcrystalline cellulose market recovery by other sources, such as agricultural waste, cotton linters, etc.
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In terms of end use microcrystalline cellulose market is segmented into Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, paint and coatings and other. Among these pharmaceutical is leading the market due to its properties like tasteless, odour less, and chemical inertness properties. Microcrystalline cellulose is majorly applicable in the drug formulation such as vitamin supplements and tablets. Pharmaceutical is followed by food & beverage and cosmetics end use segment. . Microcrystalline cellulose is used for variety of purpose in cosmetic industry as an abrasive absorbent, emulsion stabilizer, slip modifier and an aqueous viscosity increasing agent mainly for bath, hair, eye & facial makeup, skincare and shaving products. In paint and coating industry microcrystalline cellulose can be used as thickeners and emulsifiers of water-based coatings.
In terms of geography microcrystalline cellulose is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America dominated the microcrystalline cellulose market owing to the high demand from the food & beverages and pharmaceutical industries. Asia Pacific is about to grab a major share in forecast due to emerging economies like India, China their improving consumer disposable income and lifestyle. Middle East and Latin America is likely to boost the microcrystalline market.
Keypalyer of microcrystalline cellulose market include DuPont, Asahi Kasei Chemicals Corporation, Rayonier Advanced Materials, Roquette, and DFE Pharma GmbH & Co.KG FMC Corporation, Mingtai Chemical, J. Rettenmaier & Söhne And Blanver Farmoquimica Ltda, Juku Orchem, Libraw Pharma, Sigachi Food & Beverages , Avantor Performance Materials, and Accent Microcell.
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The Scope of the Microcrystalline Cellulose Market:
Microcrystalline Cellulose Market by Source Type:
• Wood
• Non-Wood
Microcrystalline Cellulose Market by End Use Type:
• Food & Beverage
• Pharmaceutical
• Cosmetics & Personal Care
• Paint and coating
• Other
Microcrystalline Cellulose Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key player Analysed In The Microcrystalline Cellulose Market:
• DowDuPont
• Asahi Kasei Chemicals Corporation
• Rayonier Advanced Materials
• Roquette
• DFE Pharma GmbH
• FMC Corporation
• Mingtai Chemical
• J. Rettenmaier & Söhne
• Blanver Farmoquimica Ltda
• Juku Orchem
• Libraw Pharma
• Sigachi Food & Beverages
• Avantor Performance Materials
• Accent Microcell.
• Tembec Inc.
• Blanver Farmoquimica Ltd
• FrieslandCampina
• Anhui Sunhere Pharmaceutical Excipients
• Ankit Pulps and Boards
• Amishi Drugs & Chemicals
• Godavari Biorefineries
• Huzhou City Linghu Xinwang Chemical
MAJOR TOC OF THE REPORT
Chapter One: Microcrystalline Cellulose Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Microcrystalline Cellulose Market Competition, by Players
Chapter Four: Global Microcrystalline Cellulose Market Size by Regions
Chapter Five: North America Microcrystalline Cellulose Revenue by Countries
Chapter Six: Europe Microcrystalline Cellulose Revenue by Countries
Chapter Seven: Asia-Pacific Microcrystalline Cellulose Revenue by Countries
Chapter Eight: South America Microcrystalline Cellulose Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Microcrystalline Cellulose by Countries
Chapter Ten: Global Microcrystalline Cellulose Market Segment by Type
Chapter Eleven: Global Microcrystalline Cellulose Market Segment by Application
Chapter Twelve: Global Microcrystalline Cellulose Market Size Forecast (2019-2026)
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