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Global Microcrystalline Cellulose Market to Witness Massive Growth by 2022: FMC Corporation, J. RETTENMAIER, Accent Microcell Ltd., Juku Orchem Pvt. Ltd., Avantor Performance Materials Inc., Libraw Pharma, and DFE Pharma GmbH & Co. KG.,
Global Microcrystalline Cellulose Market Overview:Microcrystalline cellulose is a natural polymer obtained by refining wood pulp. The alpha-cellulose in the wood pulp is processed in the production of microcrystalline cellulose, which makes it perfect for anti-caking applications, emulsifiers and texturizers. Microcrystalline cellulose is therefore also ideal as a filler and fat substitute because it is insoluble in most solvents, including mild acids. Being a derivative of cellulose, it is unaffected by the digestive process in humans and has therefore become a popular blowing agent in a variety of consumable products, including food and pharmaceutical products.
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Global Microcrystalline Cellulose Market Drivers and Restraints:
The growing demand for packaged food products from wealthy consumers in urban centers played an important role in increasing the demand for microcrystalline cellulose in the food and beverage industry. Packaged foods should be kept fresh for longer periods compared to conventional requirements, which makes the consistency of loads, texture and anti-caking agents a key objective. This should continue to be a key factor in the global market for microcrystalline cellulose in the coming years due to rapid urbanization in the emerging Asia Pacific nations and the resulting changes in the local food and beverages industry.
The steady growth of the pharmaceutical industry in developed countries is also important for the global market microcrystalline cellulose. Its application as an excipient in many pharmaceutical formulations will probably continue to be a key factor in the global market for microcrystalline cellulose in the coming years, and the increase in the global geriatric population among other factors have imposed the development of coherent products in the pharmaceutical sector.
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Geographic Segmentation:
On the basis of geography, Global Microcrystalline Cellulose Market is segmented into regions such as North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. The global market for microcrystalline cellulose is currently dominated by North America, largely due to the constant technological development of the region's food and pharmaceutical industries, which has facilitated the regular adoption of advances by companies in the United States. The growing demand for low-fat foods from health-conscious consumers in North America is likely to play a key role in the growth of the microcrystalline cellulose market in the region.
The pharmaceutical, and food industries have also experienced rapid growth in emerging countries in recent years. It is likely that rapid urbanization in countries such as Mexico, South Africa, India, South Korea, China, Thailand, Brazil and Argentina will increase demand for packaged foods in these regions, indirectly leading to the market for microcrystalline cellulose. The pharmaceutical industry has also performed well in developing regions owing to the constant availability of private and public funds. It is likely that the growing urban and geriatric population in emerging economies will continue to be a key factor for the global market for microcrystalline cellulose.
Key Players in Global Microcrystalline Cellulose Market:
Major players actively participating in Global Microcrystalline Cellulose Market include Asahi Kasei Corporation, FMC Corporation, J. RETTENMAIER & SOHNE GmbH + Co KG, Accent Microcell Pvt. Ltd., Sigachi Industrial Pvt. Ltd., Juku Orchem Pvt. Ltd., Avantor Performance Materials Inc., Libraw Pharma, and DFE Pharma GmbH & Co. KG., among others.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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