Global Microcrystalline Cellulose Market Future Demand, Challenges, Top Companies and Forecast 2030

According to a new market research report published by Inkwood Research, the Global Microcrystalline Cellulose Market is projected to showcase a CAGR of 5.61% in terms of revenue, and 5.21% in terms of volume, during the forecasting years of 2020-2028.
''Browse 61 Market Data Tables and 47 Figures spread over 240 Pages, along with an in-depth TOC on the Global Microcrystalline Cellulose Market Forecast 2020-2028.''

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Microcrystalline cellulose is a fine white powder. It is odorless and a purified form of cellulose that is derived from the pulp of fibrous plant material. It is utilized as a dispersing agent, anti-caking agent, stabilizer, and emulsifier. It is a depolymerized cellulose derived by treating alpha-cellulose in the pharmaceutical industry. It is slightly soluble in sodium hydroxide solution, and is insoluble in dilute mineral acids, ethanol, ether, and water.

High Demand for Microcrystalline Cellulose in Pharmaceuticals Drives Market Growth
Microcrystalline cellulose is extensively used as an excipient in the pharmaceutical industry. It finds its application in fillers, anti-sticking agents, adsorbents, fillers, disintegrating agents, and capsule diluents. It is a key constituent compound in the tables and capsules formation. The flourishing pharmaceutical industry results in increased demands for capsules and tablets, which further boosts the consumption of microcrystalline cellulose. The emerging economies like Russia, India, Brazil, South Africa, China, Mexico, Indonesia, etc. have a huge demand for pharmaceutical products.
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Wood-based Category Dominates the Source Segment in terms of Revenue
Wood-based sources are wood pulp and cotton linters, and they are the most common types of sources from where the microcrystalline cellulose is synthesized. High quality cellulose is derived from wood pulp and cotton linters. The cellulose can be consumed as a natural source of dietary fiber. It is utilized as an anti-caking agent, suspending agent, texture modifier, and stabilizer in the food & beverage industry. It is majorly found in the processed food, and is considered to be a healthy food additive. The increased consumption of processed food & pharmaceutical products further boosts the demand for wood-based microcrystalline cellulose.
Europe Dominates the Market in terms of the Largest Revenue Share
The European region has one of the developed markets for microcrystalline cellulose, and is considered to be an epicenter of microcrystalline cellulose consumption. This is due to the high preference for low-fat dairy products among the population of the region. The liquid detergent consumption is high in the region. The liquid detergents make use of microcrystalline cellulose as thickening agents and anti-re-deposition agents. Also, Europe is undergoing a solid economic expansion. The increasing demands from the pharmaceutical and food & beverage industries further fuel the market growth in the region.
The major market players operating in the market are FMC Corporation, Rayonier Advanced Material, DowDuPont, etc. The global microcrystalline cellulose market has a moderate number of players.

Related Report:
GLOBAL WOOD COATINGS MARKET
GLOBAL LUBRICANT ADDITIVES MARKET

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