Global Microcrystalline Cellulose (MCC) Market 2019 Present Scenario on Growth Analysis and High Demand to 2024

Global Microcrystalline Cellulose (MCC) Market 2019 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Microcrystalline Cellulose (MCC) Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. An exclusive data offered in this report is collected by research and industry experts team.

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The Microcrystalline Cellulose (MCC) Market is projected to grow from US$ 938 Million in 2019 to US$ 1,315 Million by 2024, at a CAGR of 7.0%, between 2019 and 2024. This report spread across 109 Pages, Profiling 10 Companies and Supported with 79 Tables and 32 figures is now available in this research.

Major Vendors profiled in the Microcrystalline Cellulose (MCC) Market:
o DuPont(US)
o Asahi Kasei Chemicals Corporation(Japan)
o Rayonier Advanced Materials (US)
o Roquette (France)
o DFE Pharma GmbH & Co.KG (Germany)
o JRS Pharma GmbH & Co. KG (Germany)
o Avantor Performance Materials Inc. (US)
o Gujarat Microwax Limited (India)
o Sigachi Industrial Pvt. Ltd. (India)

"The non-wood segment is projected to register the highest CAGR from 2019 to 2024, in terms of both value and volume"
Non-wood-based Microcrystalline Cellulose is being increasingly used in the MCC market, primarily because of the high demand for non-wood-based MCC from various applications, such as pharmaceutical and food & beverage. The cost of MCC produced from non-wood-based source is very low compared to the wood-based MCC as the raw material used for the manufacture of non-wood-based MCC is basically agricultural waste, which is available at very low prices.

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"Pharmaceutical to be the fastest-growing application of MCC market during the forecast period"
The Microcrystalline Cellulose market in the pharmaceutical application is witnessing a high growth rate. The growth of the global MCC market is dependent on the growth of the pharmaceutical excipient market. MCC acts as a filler, binder, disintegrant, suspending agent, lubricant, and glidant in pharmaceutical manufacturing. It is used in the direct compression method as it reduces the production cost.

"The MCC market in APAC is projected to register the highest CAGR, between 2019 and 2024, in terms of both value and volume"
The Microcrystalline Cellulose market in APAC is projected to register the highest CAGR during the forecast period, in terms of both value and volume. This growth can be attributed to the increasing demand for MCC from the region's growing pharmaceutical, food & beverage, and cosmetics & personal care applications, which are extensively using MCC.

Competitive Landscape of Microcrystalline Cellulose (MCC) Market:
1 Introduction
2 Key Growth Strategies
2.1 New Product Developments/Launches
2.2 Expansions
2.3 Acquisitions
2.4 Agreements, Partnerships, Joint Ventures, Acquisitions, and Collaborations

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Research Coverage:
This report covers the Microcrystalline Cellulose market and forecasts the size of the market until 2024. The report includes the segmentation of the market based on application, source type, and region. Porter's Five Forces analysis and key market dynamics, such as drivers, restraints, challenges, and opportunities influencing the growth of the MCC market have been discussed in the report. The report also provides company profiles and competitive bench marking of major players operating in the market.

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