Microcrystalline Cellulose Market was valued at USD 713.1 million in 2019 and it is projected to reach USD 1,300.1 million by 2028, growing at a CAGR of 6.9% during the forecast period. Major factors that are driving the microcrystalline cellulose market are the increase in consumption of processed foods, growing pharmaceutical industries aggressively and awareness regarding health is increasing across the world.

Microcrystalline cellulose is a chemically inert and tasteless compound with multiple applications in food, pharmaceutical, cosmetics & personal care and paints & coating sector. It is used as a substitute to unhealthy fat and provides texture for baked food products. The product caters a large amount of fiber that helps in improving the digestion. It also serves as an excellent nutrition contributor for several nutrients. Rapidly growing population, increasing obesity epidemic and changing consumer perception towards healthier foods will drive the product adoption.

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The pharmaceutical is the leading industry with a maximum consumption of microcrystalline cellulose. The steady growth of the pharmaceuticals in developed economies such as Italy, Germany, and France is another driver of the market. Its application as an excipient in most of the pharmaceutical formulations is a propelling factor for the market. The increasing geriatric population coupled with other factors need a constant advancement in the pharmaceuticals, which, in turn, raises the demand for microcrystalline cellulose.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:

The key leading players in the microcrystalline cellulose market are Mingtai Chemical Co., Ltd., DuPont, Accent Microcell Pvt. Ltd, JRS Pharma GmbH & Co. KG, Asahi Kasei Chemicals Corporation, DFE Pharma GmbH & Co.KG, Avantor Performance Materials Inc., Huzhou City Linghu Xinwang Chemical Co., Ltd, Shandong Xinda Biotechnology Co., Ltd, Blanver,  Libraw Pharma,  Rayonier Advanced Materials, Sigachi Industrial Pvt. Ltd.,  Roquette, FrieslandCampina, Juku Orchem Private Limited, among others.

Some of the key Impact Factors:

• Increase in consumption of processed foods.
• Growth in pharmaceutical industries.
• Increasing awareness regarding health across the world.
• Increased consumption of cosmetics products.
• A rise in the disposable income of the population can enhance the market growth.

Key developments in the Microcrystalline Cellulose Market:

• In November 2017, DuPont acquired the health & nutrition business segment of FMC Corporation. The acquisition helped the company to expand its capabilities in the pharma excipient space.
• In December 2015, Asahi Kasei Chemicals and SPI Pharma, Inc. established an alliance in the field of pharmaceutical additives. The impact of this partnership will lead to an increased presence of Asahi Kasei Chemicals Company in the world.
• In August 2015, DFE Pharma GmBH & Co. KG (Pharma) launched a new MCC based product under the brand name Pharmacel 112.

There are large numbers of players that are operating in the global microcrystalline cellulose market. Top manufacturers capture the largest market share in the global microcrystalline cellulose market. The major market players have production and sales offices mainly located in North America, Asia Pacific, and the European region. Besides this, the growth of the healthcare industry along with the food & beverages and personal care industries across the emerging regions are the major factors that cater to the growth of the microcrystalline cellulose market in these regions.

Market Segmentation:

By Raw Material Type:

• Wood based
• Non-Wood based

By Application:

• Pharmaceutical
• Food & Beverage
• Personal Care & Cosmetics
• Others

By Region:

North America

Asia Pacific

Western Europe

Eastern Europe

Middle East

Rest of the World

Reasons to buy this report:

• Market size estimation of the microcrystalline cellulose market on a regional and global basis.
• The unique research design for market size estimation and forecasts.
• Profiling of the major companies operating in the market with key developments.
• Broad scope to cover all the possible segments helping every stakeholder in the market.

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Global Cellulose Acetate Market is expected to grow at a CAGR of 5.78% in the upcoming period as the scope and its applications are rising enormously across the globe. Cellulose acetate is a synthetic compound obtained from the acetylation of the plant substance cellulose. It is spun into textile fibers termed as triacetate, acetate rayon, or acetate. It may be molded into solid plastic parts like food wrapping, handles, or cast into a film for photography.

The factors that are playing a major role in the growth of market are increasing technological enhancement and infrastructural developments and growing investment by manufacturers for developing effective cigarette filters of cellulose acetate. However, governments’ strict policy regarding wood pulp procurement may restrain overall market growth in the years to come. Cellulose acetate market is segmented based on type, application, and region.

Plastic and fiber are the types that could be explored in cellulose acetate in the forecast period. The fiber type sector accounted for the substantial market share of cellulose acetate and is estimated to lead the overall market in the years to come. The reason could be the high demand from end-users like textiles & apparels and cigarette manufacturing and its easy availability.

The market could be categorized based on application like tapes & labels, cigarette filters, photographic films, textiles & apparel, and others could be explored in the forecast period. Textile and apparel sector is estimated to grow at the fastest pace in the years to come. The reason could be a rising demand for specialty cellulose acetate and technological enhancement in the textile industry.

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Globally, Asia Pacific accounted for the substantial market share of cellulose acetate and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be increasing the use of cellulose acetate in tapes & labels, cigarette filters, photographic films, and textiles & apparel.

Also, the availability of cheap labor in developing countries, high economic growth, and developing manufacturing industries are another factors boosting overall market growth in the years to come. The developing countries like India and China are the major consumers of cellulose acetate in this region.

North America and Europe are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the forecast period. The key players of the cellulose acetate market are Eastman Chemical Company, Celanese, Daicel, Mitsubishi Chemicals, and China Tobacco Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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The growth of the construction industry has led to an augmented application paints and coatings which, in turn, is leading to a demand influx in the cellulose ethers market that is poised to attain an impressive global market size of $4726.59 million by the end of 2023 as the demand for cellulose ethers will observe an increment in various sectors with a cumulative compound annual growth rate (CAGR) of 4.54% during the forecast period of 2018 to 2023, according to a market intelligence report by IndustryARC’s analyst.

The cellulose ethers market research report is segmented to enable understanding about the current trends in the market along with market forces and trends that are disrupting the market and creating new opportunities. It is also comprised of the challenges that are foreseen in the future with the factor that will sustain the market size. The report is titled, “Cellulose Ethers Market: Cellulose Ethers Market: By Type (Carboxymethyl Cellulose, Methyl Cellulose, HEC, HPC, EC); By Form (Powder, granules, others); By Application (Food & Beverage, Personal Care, Construction, Adhesives, others); & By Geography Forecast (2018 2023).”

Cellulose Ethers Market: Leading Segments

According to the regional study by the market analyst, APAC had an impressive cellulose ethers market size of $1329.42 million in 2017. This was much attributed to the incremented application of cellulose ethers in cosmetics, food, and construction sector. Furthermore, the textile sector is on the rise which is also creating a demand for cellulose ethers. Apart from APAC, North America and Europe also observed good revenues even though the CAGR is projected to be moderate but sustainable for vendors to venture into the cellulose ethers market.

The cellulose ethers market is segmented on the basis of types that include

carboxymethyl cellulose (CMC) and methyl cellulose & derivatives (MCD), hydroxyethyl cellulose (HEC), ethyl cellulose, and others. According to the application scrutiny by market analyst, the key application in the cellulose ethers market is found to be CMC, especially because it is used as a viscosity modifier or thickener and also stabilize emulsions in the frozen food products. Additionally, the water retaining capacity makes it all the more useful. The application of caroboxymethyl cellulose will grow with a CAGR of 4.02% through to 2023.

Cellulose Ethers Market: Trends and Growth Drivers

The Easy Manufacturing Process Attracting Vendors –

he manufacturing process of cellulose ethers is relatively easier than other alternative products that are available in the market. Furthermore, the lesser investments and better returns attract a lot of vendors that venture in the cellulose ethers market.

The Global Expansion of the Pharmaceutical Industry –

The pharmaceutical industry is poised to observe impressive growth. A type of methyl cellulose acts as an excipient in the pharmaceutical manufacturing process. The augmenting production in the pharmaceutical industries is poised to create robust growth potential in the cellulose ethers market.

The Growth Prospects in the Cosmetic Industry –

The decade has observed soaring sales in the cosmetic and personal care products owing to the rise in disposable personal income and the fact that the trend of male-grooming is disrupting the market. Subsequently, there is a demand for cellulose ethers in the cosmetics segment which is leading to revenue generation in the cellulose ethers market.

The Rising Consumption of Water-Based Paint –

The construction sector is witnessing an increased application of water-based paint which is significantly supporting the cellulose ethers market. This is again attributable to the water-retaining property of cellulose ethers.

Cellulose Ethers Market: Competitive Landscape

Some of the key companies identified in the cellulose ethers market intelligence report that are striving to capitalize on the demand influx in various sectors are DowDupont Inc., Ashland Inc., Shin-Etsu Chemical Co., Ltd., Lotte Corporation, and others.

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Related Reports:

a) Nanocellulose Market
https://www.industryarc.com/Report/11681/nanocellulose-market-analysis.html

b) Biopolymers Market
https://www.industryarc.com/Report/11739/biopolymers-market.html

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