Rising Demand for Cellulose Products

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nikhats 18 Sep 2024

The Global Microcrystalline Cellulose Market size was valued at USD 8.46 in 2023 and is expected to reach USD 12.81 by 2030, at a CAGR of 6.1%

Microcrystalline Cellulose Market Dynamics

In addition to being a common active pharmaceutical ingredient in the pharmaceutical industry, microcrystalline cellulose is also utilized as a binder, suspension agent, stabilizer, and film-formation agent. When it's dry, microcrystalline cellulose is one of the key excipients utilized in the manufacture of tablets. The primary factors expected to have a positive effect on the microcrystalline cellulose market include its widespread use in medication preparation, the production of tablets, capsules, and sachets, as well as its use as a binding agent in the pharmaceutical formulation process.

Microcrystalline Cellulose Market Overview

Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Microcrystalline Cellulose Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Microcrystalline Cellulose market and its component manufacturers over the next decade.

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Microcrystalline Cellulose Market Scope

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Microcrystalline Cellulose market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Microcrystalline Cellulose market are examined in the report.

Microcrystalline Cellulose Market Segmentation

by Type

Power
Gels & Creams
by Source

Wood Based
Non-Wood Based

Depending on the kind of source: The Wood-depending and Non-Wood-Based varieties of Microcrystalline Cellulose are the two segments of the market depending on source. In comparison to the non-wood type, the wood-based type is more expensive. The non-wood kind comes from biodegradable wood bases and is derived from agricultural waste, which has a lower environmental effect. Therefore, the total cost of production and manufacturing for microcrystalline cellulose made other than wood is lower. Growing consumer awareness of eco-friendly and biodegradable products opens up new market prospects for the non-wood MCC sector, which is expected to have a sizable position during the forecast period.
by Drying process

Bulk Drying
Spray Drying
by Extraction Type

Acid Hydrolysis
Enzymatic Hydrolysis
Microbial Hydrolysis

According to the Extraction process: Microbial, enzymatic, and acid hydrolysis are all included in this section of the extraction process. The acid hydrolysis method is a popular technique for extracting microcrystalline cellulose because it takes less time than other methods and is a continuous process instead of a batch process. It is also more cost-effective because less chemical is needed throughout the process, and it yields more fine particles than other methods.
by Application

Pharmaceutical
Food & Beverage
Cosmetics & Personal care
Other

Depending on the Application: The area is further subdivided into personal care, food & beverage, pharmaceutical, and cosmetics. The largest Microcrystalline Cellulose Market share of 45% was held by the food and beverage and pharmaceutical segments in 2021, and this trend is expected to continue during the projected period. Additionally, the food and beverage segment's wide range of applications and substitute products' low compaction contribute to the market's growth and present new prospects.

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Microcrystalline Cellulose Market Key Players

1. Accent microcell Pvt. Ltd.
2. Ankit pulps and boards Pvt. Ltd.
3. Asahi Kasei Corporation.
4. Avantor Inc.
5. Borregaard Asa.
6. Chemfield cellulose Pvt. Ltd.
7. Fengchen Group Co. Ltd.
8. DowDupont
9. Gujarat Microwax Ltd.
10. Sigachi Industrial Pvt. Ltd.
11. Ming Tai Chemical Co. Ltd.
12. Foodchem International Corporation.

Table of content for the Microcrystalline Cellulose Market includes:

Part 01: Executive Summary

Part 02: Scope of the Microcrystalline Cellulose Market Report

Part 03: Microcrystalline Cellulose Market Landscape

Part 04: Microcrystalline Cellulose Market Sizing

Part 05: Microcrystalline Cellulose Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Analysis

The Microcrystalline Cellulose market report comprises an extensive analysis of the Microcrystalline Cellulose industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in the Microcrystalline Cellulose Market Report are:

What is Microcrystalline Cellulose Market?
What is the forecast period of the Microcrystalline Cellulose Market?
What is the competitive scenario of the Microcrystalline Cellulose market?
Which region held the largest market share in the Microcrystalline Cellulose Market?
What are the opportunities for the Microcrystalline Cellulose Market?
What are the restraining factors in the Microcrystalline Cellulose market?
Who are the key players of the Microcrystalline Cellulose market?

Key offerings:

Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Microcrystalline Cellulose
Landscape- Leading key players and other prominent key players.

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