23-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Microcrystalline Cellulose Market By Source Type (Wood-Based and Non-Wood-Based), By Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Microcrystalline Cellulose market in 2019 was approximately over USD 900 Million. The market is expected to grow at a CAGR of 7.5% and is anticipated to reach around USD 1,542 Million by 2026.
Microcrystalline cellulose is a moderately depolymerized cellulose that exists in a pure form. It is prepared from a cellulose precursor. It is used in pharmaceutical, food & beverage, and personal care industries. The microcrystalline cellulose is synthesized through various processes such as acid hydrolysis, steam explosion, reactive extrusion, and enzyme-mediated synthesis. In the food industry, it is used to make low-fat dairy products including whipped cream, frozen yogurt, and ice cream whereas in the pharmaceutical industry, it is used as adsorbents, disintegrating agents, fillers, anti-sticking agents, and capsule diluents.
Browse the full “Microcrystalline Cellulose Market By Source Type (Wood-Based and Non-Wood-Based), By Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-microcrystalline-cellulose-market-by-source-type-wood-866
Market Drivers:
The growing demand for microcrystalline cellulose is anticipated to surge owing to its large scale application in the processed food, pharmaceutical, and cosmetic & personal care products. Its major use in the pharmaceutical industry as a stabilizer, binding agent, disintegrant, suspension agent, film-forming agent, etc. are the major reasons for the expansion of the Microcrystalline Cellulose market on the global level. Furthermore, the rapid advancement in the new drug development, new resources, and the availability of cheaper microcrystalline celluloses in large volumes are projected to augment the growth of the Microcrystalline Cellulose market. However, the shortage in the availability of low-cost technologies for the commercial production of cost-effective microcrystalline cellulose is one of the critical restraints for the market growth.
Market Segment Dominance:
- The pharmaceutical category is expected to exhibit a significant growth rate
The increasing use of microcrystalline cellulose while manufacturing sustained-release multi-particulates & matrix tablets dosage types, quick release tablets & liquid dosage types, topical formulations, and chewable & effervescent tablets will boost the growth of the pharmaceutical category in the Microcrystalline Cellulose market.
- The non-wood-based category accounts for the highest CAGR in the global Microcrystalline Cellulose market
The non-wood-based source type is anticipated to exhibit a significant growth owing to the low production cost of microcrystalline cellulose from non-wood-based sources and low prices of non-wood-based microcrystalline cellulose are likely to foster the growth of the non-wood-based category during the forecast timeline.
Regional Dominance:
- Europe is expected to dominate the global Microcrystalline Cellulose market during the forecast period
The growing investments in the drug development and R&D activities of the pharmaceutical companies for manufacturing high-quality products are expected to boost the Microcrystalline Cellulose market in Europe. Additionally, the surging employment rate and economic gains in the food industry is one of the major factors propelling the Microcrystalline Cellulose market in the food & beverage application.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 900 Million |
Projected Market Size in 2026 |
USD 1,542 Million |
Growth Rate |
CAGR 7.5% |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Huzhou City Linghu Xinwang Chemical Co., Ltd., Roquette, Sigachi Industrial Pvt. Limited, JRS Pharma GmbH & Co.KG, Avantor Performance Materials Inc., Gujarat Microwax Ltd., DFE Pharma GmbH & Co.KG, DowDuPont, Asahi Kasei Chemicals Corporation, and Rayonier Advanced Materials and Others |
Key Segment |
By Source Type, By Application and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Market Key Players:
Some of the major players in the global Microcrystalline Cellulose market include Huzhou City Linghu Xinwang Chemical Co., Ltd., Roquette, Sigachi Industrial Pvt. Limited, JRS Pharma GmbH & Co.KG, Avantor Performance Materials Inc., Gujarat Microwax Ltd., DFE Pharma GmbH & Co.KG, DowDuPont, Asahi Kasei Chemicals Corporation, and Rayonier Advanced Materials.
This report segments the global Microcrystalline Cellulose market as follows:
Global Microcrystalline Cellulose Market: Source Type Segmentation Analysis
- Wood-Based
- Non-Wood-Based
Global Microcrystalline Cellulose Market: Application Segmentation Analysis
- Pharmaceutical
- Food & Beverage
- Cosmetics & Personal Care
- Others
Global Microcrystalline Cellulose Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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