Press release
Microcrystalline Cellulose Market Pegged for Robust Expansion During 2024 - 2031 | Huzhou City Linghu Xinwang Chemical Co.
Microcrystalline Cellulose Market
The global microcrystalline cellulose market is estimated to be valued at USD 1.38 Bn in 2024 and is expected to reach USD 2.24 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Market Dynamics:
Rising demand from pharmaceutical industry is expected to be a major driver for microcrystalline cellulose market growth over the forecast period. Microcrystalline cellulose plays an important role in modifying release properties and improving compression behavior of tablets. It is widely preferred over other alternatives in the pharmaceutical industry owing to its inertness, stability, high binding properties and ability to enhance flow and compressibility of powder blends. The capability of microcrystalline cellulose to enhance mechanical strength and disintegration of tablets also contributes to its increased application. Further, growing generic drug market worldwide will further propel the demand.
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Major market drivers boosting the demand for Microcrystalline Cellulose
Increasing uptake in the pharmaceutical industry
Microcrystalline cellulose is widely used as a tablet binder and disintegrant in pharmaceutical drug formulations. It helps improve the mechanical strength and flow properties of tablets. With the rising global healthcare spending and growing generic and OTC drug markets, the demand for MCC from pharmaceutical manufacturers has surged tremendously over the past few years. The trend is likely to continue with new drug development and increasing access to healthcare in developing nations.
Major market opportunity boosting sales of Microcrystalline Cellulose
Increasing Nutraceutical applications
Nutraceuticals represent one of the fastest growing application segments for microcrystalline cellulose. It is commonly used as an excipient in various supplement formulations like pills, tablets and capsules due to its excellent binding, diluent and flow enhancing properties. With rising health consciousness worldwide and amplifying demand for functional foods and nutraceuticals, MCC producers can tap into vast untapped opportunities in this domain. Furthermore, MCC helps address the growing need among consumers for natural, minimal processing ingredients in supplements.
Noteworthy market trend influencing Microcrystalline Cellulose sales
Rising focus on certified sustainable and natural MCC grades
With sustainability assuming increased importance across industries, MCC manufacturers are aligning their product development approaches and marketing strategies accordingly. There is a growing consumer preference for certified sustainable and natural ingredients in nutritional products. To capitalize on this trend, companies are investing in developing environment-friendly production processes and acquiring certifications like organic and fair trade. Manufacturers offering certified sustainable and natural MCC grades made from renewable wood cellulose can gain a competitive edge and see escalating demand in the coming years.
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Top Companies Featured in This Report:
โ Huzhou City Linghu Xinwang Chemical Co., Ltd.,
โ Rayonier Advanced Materials
โ DFE Pharma
โ Mingtai Chemical Co.
โ Ltd
โ JRS Pharma
โ Asahi Kasei Corporation
โ Dupont
โ Avantor Inc.
โ Sigachi Industries Pvt. Ltd
โ Foodchem International Corporation
โ Quadra Chemicals
โ Maple Biotech Pvt. Ltd.
โ Anhui Sunhere Pharmaceutical Excipients Co., Ltd.,
โ Accent Microcell Pvt. Ltd.
โ RanQ
โ Chemfield Cellulose
โ Roquette Frรจres
โ Sigachi Industries Limited
Market Segmentation:
By Product Type:
โ By Source Type: Wood Based and Non-wood Based
โ By End Use Industry: Pharmaceutical, Food & Beverages, Cosmetics & Personal Care, and Others
Key Regions/Countries Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Microcrystalline Cellulose Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Microcrystalline Cellulose market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Microcrystalline Cellulose market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Microcrystalline Cellulose market.
Segment Analysis: Examining the market value and sales volume of Microcrystalline Cellulose by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Microcrystalline Cellulose market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Microcrystalline Cellulose sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
๐ Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/1267
Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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Microcrystalline cellulose is a refined wood pulp derivative that appears as a white, odorless, tasteless powder. It is made from cellulose, which is a naturally occurring structural component of plant cell walls.
Microcrystalline Cellulose - a versatile excipient used in pharmaceuticals, food, and cosmetics for its excellent compressibility and binding properties.
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