Microcrystalline Cellulose (MCC) Market Expected to Grow at 1315 million In Revenue by 2024

Global Microcrystalline Cellulose Market 2019-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. 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 USD 938 million in 2019 to USD 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 are now available in this research.

Top Companies Profiled in the Microcrystalline Cellulose Market:
• DuPont(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)

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Non-wood-based MCC 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.

The MCC 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 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 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 MCC 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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This release was published on openPR.