Market Overview

Microcrystalline Cellulose (MCC) Market Worth $1,241.4 Million by 2023

Share:

Microcrystalline Cellulose (MCC) Market Worth $1,241.4 Million by 2023

PR Newswire

PUNE, India, August 28, 2018 /PRNewswire/ --

According to the new market research report "Microcrystalline Cellulose (MCC) Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care,), Raw Material Source (Wood-based, Non-wood-based), and Region (North America, Europe, APAC, RoW) - Global Forecasts to 2023", published by MarketsandMarkets™, the market is projected to grow from USD 885.1 million in 2018 to USD 1,241.4 million by 2023, at a CAGR of 7.0% between 2018 and 2023.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 79 market data Tables and 32 Figures spread through 102 Pages and in-depth TOC on "Microcrystalline Cellulose (MCC) Market"

https://www.marketsandmarkets.com/Market-Reports/microcrystalline-cellulose-market-59144224.html

Early buyers will receive 10% customization on this report

The growth of the MCC market is primarily triggered by the increasing demand for processed food and growing production of pharmaceuticals and cosmetic applications.

The pharmaceutical application segment is projected to register the highest CAGR in terms of both value and volume during the forecast period. 

The growth of the global Microcrystalline Cellulose (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. MCC is a vital component that is used in every form of oral dosage, which includes pellets, capsules, tablets, sachets, and others.

Get PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=59144224

The wood-based segment is estimated to account for the major market share during the forecast period. 

Wood is the traditional choice of raw material for MCC production. Commercially produced wood pulp used to manufacture MCC is obtained from sources such as softwood woods (gymnosperms) and hardwood (dicotyledons). Gymnosperms include fir trees, spruce trees, pine trees, conifers, cycads, and others. The chemical property of MCC produced from different wood sources varies because of the difference in the composition of alpha-cellulose in different kinds of wood available.

Europe is estimated to be the largest market for microcrystalline cellulose in 2018, in terms of value. 

Europe was the largest MCC market, in terms of value, in 2017. The European region is segmented into Germany, France, the UK, Switzerland, Italy, and Spain, among others. The overall market growth of the European region is driven mainly by the increasing investments in drug development and the continuous efforts of pharmaceutical companies to offer superior-quality products. In addition, the economic recovery and the increase in employment rate are the growth factors for the processed food industry in the region, which, in turn, supports the growth of the MCC market in the food & beverage application.

Key players operating in the Microcrystalline Cellulose (MCC) Market are DowDuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), and DFE Pharma GmbH & Co.KG (Germany), among others.

Know more about Microcrystalline Cellulose (MCC) Market:

https://www.marketsandmarkets.com/Market-Reports/microcrystalline-cellulose-market-59144224.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/microcrystalline-cellulose-market.asp

Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets


SOURCE MarketsandMarkets

View Comments and Join the Discussion!