Microcrystalline Cellulose Market Size, Share, Analysis and Forecast, 2021-2031 | Key Segments, Benefits & Opportunity

Demand for APIs Creates Revenue Streams amid COVID-19 Outbreak

Though business activities in the paints & coatings industry might be taking place in a staggered manner, companies in the microcrystalline cellulose market are bullish on growth of the pharmaceutical industry amid ongoing COVID-19 pandemic. Healthcare companies are accelerating their R&D to innovate in efficacious drugs that help to reduce the morbidity and mortality associated with coronavirus. Even as the demand for excipients and active pharmaceutical ingredients (APIs) has surged during the pandemic, delayed treatment and postponement of healthcare appointments are affecting sales of microcrystalline cellulose (MCC).

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Microcrystalline Cellulose Market: Prominent Regions

Europe is a highly lucrative region of the global microcrystalline cellulose market. Germany accounted for a substantial share of the microcrystalline cellulose market in Europe in 2020. The market in the country is likely to expand at a sluggish pace during the forecast period. The market in Russia & CIS is estimated to expand at a rapid pace during the forecast period. The pharmaceuticals segment in Europe is the largest in the world.

North America is another major consumer of microcrystalline cellulose, led by a rise in the demand for wood-based raw materials in the region in various end-use industries.

Asia Pacific accounted for a strong share of the global microcrystalline cellulose market in 2020. China dominated the market and is estimated to contribute maximum share in Asia Pacific during the forecast period. Japan and India are other countries in Asia Pacific wherein the microcrystalline cellulose market is anticipated to expand significantly during the forecast period.

The microcrystalline cellulose market in Middle East & Africa is likely to expand at a significant pace in the near future, owing to the presence of a large number of pharmaceutical, food & beverage, and cosmetics manufacturers in the region.

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Microcrystalline Cellulose Market: Key Players

The global microcrystalline cellulose market was highly consolidated in 2020. A few players dominated the market. Key players operating in the global microcrystalline cellulose market are Dupont, Rayonier Advanced Materials, Asahi Kasei Corporation, Avantor Inc., DFE Pharma, JRS Pharma, Sigachi Industries Pvt. Ltd, Huzhou City Linghu Xinwang Chemical Co., Ltd., Mingtai Chemical Co., Ltd, Foodchem International Corporation, Quadra Chemicals, Maple Biotech Pvt. Ltd., Anhui Sunhere Pharmaceutical Excipients Co., Ltd., Accent Microcell Pvt. Ltd., RanQ, and Chemfield Cellulose.

Microcrystalline Cellulose Market: Dynamics

The increase in the demand for microcrystalline cellulose in various applications such as pharmaceuticals, food & beverages, personal care (including cosmetics), and paints & coatings is anticipated to drive the microcrystalline cellulose market during the forecast period. Microcrystalline cellulose is used extensively in the pharmaceuticals industry across the globe. It is used as an excipient.

An excipient is a substance that is used as an additive or is formulated alongside the active ingredient of a medication, which is utilized for the purpose of long-term stabilization and bulking up solid formulations that contain potent active ingredients in small amounts. Microcrystalline cellulose is employed in tablets & liquid dosage forms, multiparticulates & matrix tablets dosage forms, chewable & effervescent tablets, and topical formulations. Microcrystalline cellulose is also employed as an active pharmaceutical ingredient (API) in the pharmaceutical industry.

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Microcrystalline cellulose is also used in ice creams. It is used as an additive, as it controls the ice crystal growth and reduces calories. It is employed in chocolate drinks, as it increases high temperature processing stability; raises the robust holding capacity of the suspension; and adds creaminess and opacity to end products. It is also employed in the preparation of sauces and juices.

Global Microcrystalline Cellulose Market: Segmentation

Microcrystalline Cellulose Market, by Raw Material

Wood Based

Non-wood Based

Microcrystalline Cellulose Market, by End-use Industry

Pharmaceuticals

Excipients

Active Pharmaceutical Ingredients

Food & Beverages

Bakery & Confectionery

Meat & Fish

Dairy & Ice creams

Beverages

Others

Personal Care (including Cosmetics)

Paints & Coatings

Others (Cement & Ceramics and Rubber)

Microcrystalline Cellulose Market, by Route of Synthesis

Reactive Extrusion

Enzyme Mediated

Mechanical Grinding

Ultrasonication

Steam Explosion

Acid Hydrolysis

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MCC-based Paints & Coatings Ensure Uniform Application on Substrates

Microcrystalline cellulose is gaining popularity as a functional fiber polymer that is used as an emulsion stabilizer, shear thinning, and suspension aid in several pharma, food, and industrial applications such as coatings, paints, and inks. ChemPoint.com Inc. - a chemicals company and part of Univar Solutions, is creating awareness about its LATTICE® microcrystalline cellulose, which is a functional fiber polymer used to product paints & coatings. Competitor companies in the microcrystalline cellulose market are taking cues from such innovations to leverage incremental opportunities in water-based paints that ensure uniform application, film coalescence, and adhesion to substrates.

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