The global Microcrystalline Cellulose Market size was USD 434.6 Million in 2022 and is expected to reach USD 734.25 Million in 2032, and register a rapid revenue CAGR of 6% during the forecast period. Increasing senior population and awareness about health and wellbeing and rising demand for MCC from food and pharmaceutical industries are major factors driving market revenue growth.
Major user for MCC is the pharmaceutical industry and MCC use is rising as a result of rapid expansion of the generic medication market. MCC functions as a binder, disintegrant, and filler in tablet formulations as an excipient. Excellent homogeneity, flowability, and compressibility are provided, all of which are necessary for producing high-quality tablets. In powdered formulations, MCC is also utilized as an anti-caking ingredient to keep the powder from clumping. In addition, rising demand for generic medications and trend of self-medication is another factor driving revenue growth of the market.
Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/2060
Top Companies: 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 Finding from the Report Suggestion:
- The Microcrystalline Cellulose 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.
Microcrystalline Cellulose market is segmented into:
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:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
Request a customization of the report https://www.reportsanddata.com/request-customization-form/2060
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Browse More Reports:
Coated Abrasives Market @ https://www.reportsanddata.com/report-detail/coated-abrasives-market
Cocoa Fiber Market :https://www.reportsanddata.com/report-detail/cocoa-fiber-market
Cladding Market :https://www.reportsanddata.com/report-detail/cladding-market
Cell Line Development Market @ https://www.reportsanddata.com/report-detail/cell-line-development-market
Industrial Insulator Market :https://www.reportsanddata.com/report-detail/industrial-insulator-market
Craniomaxillofacial Devices System Market @ https://www.reportsanddata.com/report-detail/craniomaxillofacial-devices-system-market
Interdental Cleaning Product Market :https://www.reportsanddata.com/report-detail/interdental-cleaning-product-market
About Us:
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 clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
Comments (0)