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Microcrystalline Cellulose (MCC) Market Future Technological Trends and Business Opportunities 2024- Asahi Kasei, Mingtai Chemical BLANVER FARMOQUIMICA and FMC Corporation. The major players are engaged in increasing their product portfolio by signing agr

Microcrystalline Cellulose (MCC) Market

Microcrystalline Cellulose (MCC) Market

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.

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.

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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.

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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.

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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.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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