Microcrystalline Cellulose (MCC) Market Soaring at 5.5%CAGR During the Period 2017 - 2024

MarketStudyReport.com Add New Global Microcrystalline Cellulose (MCC) Market by Manufacturers, Countries, Type and Application, Forecast to 2024 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 182 pages with table and figures in it.

Microcrystalline Cellulose (MCC) Market will cross USD 1.2 billion by 2024, according to a new research report.

Microcrystalline cellulose market share for Europe accounted for 25% of the total industry share in 2016. It is chiefly due to well-established cosmetics sector in France, Italy, UK and Germany, which extensively utilize product in the production of variety of skin, hair, nail cosmetic products. According to Cosmetics Europe: The Personal Care Association, a significant contribution of USD 1.56 billion was made in the R&D of cosmetics industry, which is probable to drive the global MCC market by 2024. In addition, wide-ranging product use in the pharmaceutical sector in the region. For example, it is used physiologically inert, odorless, and tasteless, hence making it suitable as a binding agent in the tablet formulations. Moreover, it is a key diluent for drug formulations and an essential component for almost every kind of oral dosage including tablets, capsules, sachets, and pellets.

Improving consumer lifestyles mainly in Asia Pacific and Latin America, owing to rising socio-economic factors is projected to make profound influence in the microcrystalline cellulose market by 2024. For instance, India personal care industry accounts for 22% of the total fast-moving consumer goods (FMCG) market. Additionally, FDI in the sector was valued over USD 690 million in 2014. The aforementioned trends are anticipated to make notable influence in the MCC market by 2024. Product is extensively used as an abrasive, an absorbent, adhesive, binder, anti-caking ingredient, emulsion stabilizer, film former, slip modifier, viscosity improving agent, opacifying agent, etc. Product imparts valuable features to a variety of skin, hair, nail and other cosmetic products. As an opacifying agent, the product reduces the clear or transparent appearance of cosmetic products, mostly for hiding blemishes. Furthermore, as an anti-caking agent product is utilized to prevent powdered or granular substance from forming lumps. The above-mentioned trends are projected to drive the MCC market up till 2024.

High extraction cost is a major restraining factor, likely to deter the global microcrystalline cellulose market by 2024. Product can be attained through variety of sources including rice husk, bagasse, bamboo, corn cob, etc. having varied level of cellulose content. Additionally, the level of moisture content in each of these products is likely to affect the overall production yield which is probable to incumber the MCC market by 2024.

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Based on the sources, MCC market for wood sources is likely to witness gains close to 5.5% by 2024. Product extracted from wood finds extensive applications as a fat alternate, an extender, bulking agent, texturizer, etc. in quite a few industries including cosmetics, food, pharmaceutical, paper, polymer composites, etc. Significant investment in the U.S. pharmaceutical industry for the innovation & development of advanced products with better features, will help achieve promising gains to MCC market by 2024. According to Pharmaceutical Research and Manufacturers of America (PhRMA), the major pharmaceutical manufacturers in the region have been consistently spending approximately 18% of the domestic sales on R&D facilities.

MCC market for paints & coatings industry constituted more than USD 80 million in 2016. Non-colloidal product form is widely used in waterborne coating systems to stabilize the formulation. It is an excellent stabilizer and dispersing aid due to its superior suspending functionality and emulsion stabilizing ability. Furthermore, product is also applicable in paper industry as a texturizer for the surface treatment of paper or paper board. It can also be used as a raw material for the production of paper or paperboard. The abovementioned trends are projected to make significant gains to microcrystalline cellulose market in the coming years.

The foremost MCC market share constituents are Mingtai Chemical, FMC Corporation, DFE Pharma and Asahi Kasei. Most of the companies are making considerable investment for innovation and development. For example, FMC Corporation launched its Asia innovation center in the Zhangjiang hi-tech park in the Pudong area of Shanghai, China in July 2014. It will serve as a company's hub for R&D, technical innovation and operational support in the region.

Microcrystalline Cellulose (MCC) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue and volume in USD and Units from 2013 to 2024, for the following segments:
Microcrystalline cellulose market, source by end-user
Wood, Pharmaceutical, Food & beverage, Personal care, Paints & coatings, Others, Non-wood, Pharmaceutical, Food & beverage, Personal care, Paints & coatings, Others.

Microcrystalline cellulose market by end-user
o Pharmaceutical
o Food & beverage
o Personal care
o Paints & coatings
o Others

The above information is provided on a regional and country basis for the following:
o North America
U.S.
Canada
o Europe
Germany
UK
France
Italy
Russia
o Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Thailand
o Latin America
Brazil
Mexico
o Middle East & Africa
South Africa
Saudi Arabia
Qatar
Kuwait

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