Cellulose Derivative Excipient Market Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Cellulose Derivative Excipient Market Size

The global Cellulose Derivative Excipient market is projected to grow from US$ 1689.2 million in 2024 to US$ 3211.2 million by 2030, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period.

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Key Trends Influencing Market Growth:

1. Rising Demand in Pharmaceutical and Healthcare Sectors: Cellulase is increasingly utilized in the pharmaceutical industry for drug formulation and in healthcare for wound healing applications. The enzyme's ability to break down complex carbohydrates enhances the bioavailability of certain medications.
2. Advancements in Biofuel Production: The growing emphasis on renewable energy sources has led to increased use of cellulase in biofuel production. By converting cellulose into fermentable sugars, cellulase plays a crucial role in producing sustainable biofuels.
3. Expansion in Animal Feed Industry: Cellulase is incorporated into animal feed to improve nutrient digestibility and enhance growth rates. This application is particularly significant in the livestock sector, where efficient feed utilization is essential.
4. Growth in Textile and Paper Industries: In the textile industry, cellulase is used for biopolishing and denim finishing, imparting desired aesthetics to fabrics. Similarly, the paper industry employs cellulase to enhance pulp quality and reduce chemical usage.
5. Technological Innovations in Enzyme Production: Advancements in genetic engineering and fermentation technologies have led to the development of more efficient and cost-effective cellulase production methods, further driving market growth.

By Type
• Microcrystalline Cellulose MCC
• Hypromellose HPMC
• Hydroxypropyl Cellulose HPC

By Application
• Sustained Release Preparation
• Tablet
• Capsule

Key Companies
Shin-Etsu Chemical Co., Ltd., Ashland, Asahi Kasei, Mingtai, Huzhou Zhanwang, Sunhere Pharmaceutical Excipients, Shandong HEAD, Lotte Chemicals, Shandong Liaocheng E HUA Pharmaceutical Co., Ltd, Yingkou AODA Pharmaceuticals, Accent Microcell, Qufu TIANLI MEDICAL Supplements, C & J Chemical Industries Co., Ltd.

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This release was published on openPR.