Press release
Microcrystalline Cellulose (MCC) Market by Application, Raw Material Source, and Region (North America, Europe, APAC, RoW) - Global Forecasts to 2023
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The market size of microcrystalline cellulose (MCC) is estimated at USD 885.1 million in 2018 and is projected to reach USD 1,241.4 million by 2023, at a CAGR of 7.0% between 2018 and 2023.
MCC is widely used in pharmaceutical, food & beverage, and cosmetic & personal care applications. As it is chemically inert and not absorbed in the human body, it is widely used in the pharmaceutical and food & beverage applications as a thickener, stabilizer, binder, dispersant, and bulking & anti-caking agent. The growth of the pharmaceutical application has also helped increase the demand for MCC as it is widely used in the form of excipient. Apart from this, the significant demand from the emerging economies is one of the major opportunities for the MCC market.
Comprehensive Analysis of the key companies listed below:
• DowDuPont (US)
• Asahi Kasei Chemicals Corporation (Japan)
• Rayonier Advanced Materials (US)
• Roquette (France)
• DFE Pharma GmbH & Co.KG (Germany)
• JRS Pharma GmbH & Co. KG (Germany)
• Avantor Performance Materials Inc. (US)
• Gujarat Microwax Limited (India)
• Sigachi Industrial Pvt. Ltd. (India)
Key Target Audience
• Manufacturers of MCC
• Suppliers of Raw Materials
• Distributors and Suppliers of MCC
• End-use Industries
• Industry Associations
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MCC Market, By Source Type:
• Wood-based
• Non-wood-based
Non-wood-based MCC are being increasingly used in the MCC market, primarily because of the high demand for low cost non-wood-based MCC from various applications such as pharmaceutical and food & beverage.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted as follows:
• By Company Type: Tier 1 - 35%, Tier 2 - 25%, and Tier 3 - 40%
• By Designation: C level - 30%, Director level - 25%, and Others - 45%
• By Region: North America - 30%, Europe - 25%, APAC - 30%, and RoW - 15%
Find Full Report on “Microcrystalline Cellulose (MCC) Market” at https://www.reportsnreports.com/purchase.aspx?name=421927
MCC market report is also expected to help stakeholders understand their competitors and gain insights to augment their position in the MCC market. The competitive landscape section includes the ecosystem of competitors and detailed information on new product developments, expansions.
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