Microcrystalline Cellulose Market: Introduction
Transparency Market Research delivers key insights on the global microcrystalline cellulose market. In terms of revenue, the global microcrystalline cellulose market is estimated to expand at a CAGR of 5.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global microcrystalline cellulose market.
The global microcrystalline cellulose market is broadly affected by factors including fluctuations in prices of raw materials. The availability of substitutes is also expected to further hamper the global microcrystalline cellulose market during the forecast period.
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Microcrystalline Cellulose Market: Dynamics
The increase in the demand for microcrystalline cellulose in various applications such as pharmaceuticals, food & beverages, personal care (including cosmetics), and paints & coatings is anticipated to drive the microcrystalline cellulose market during the forecast period. Microcrystalline cellulose is used extensively in the pharmaceuticals industry across the globe. It is used as an excipient. An excipient is a substance that is used as an additive or is formulated alongside the active ingredient of a medication, which is utilized for the purpose of long-term stabilization and bulking up solid formulations that contain potent active ingredients in small amounts. Microcrystalline cellulose is employed in tablets & liquid dosage forms, multiparticulates & matrix tablets dosage forms, chewable & effervescent tablets, and topical formulations. Microcrystalline cellulose is also employed as an active pharmaceutical ingredient (API) in the pharmaceutical industry.
Microcrystalline cellulose is used on a large scale in bakeries. It increases bake stability and maintains freshness of bakery products. It prevents the separation of water and oil during the baking process. During the process of dry mixing, microcrystalline cellulose improves the flow property, and also reduces calorie content in bakery food. Microcrystalline cellulose is also employed as an additive while making cheese & cheese products. It helps prevent caking during the manufacturing process and makes processing easy. It helps increase fiber content and reduce value of calories. It also helps improves creaminess in cheese.
Microcrystalline cellulose is also used in ice creams. It is used as an additive, as it controls the ice crystal growth and reduces calories. It is employed in chocolate drinks, as it increases high temperature processing stability; raises the robust holding capacity of the suspension; and adds creaminess and opacity to end products. It is also employed in the preparation of sauces and juices.
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Microcrystalline Cellulose Market: Prominent Regions
Europe is a highly lucrative region of the global microcrystalline cellulose market. Germany accounted for a substantial share of the microcrystalline cellulose market in Europe in 2020. The market in the country is likely to expand at a sluggish pace during the forecast period. The market in Russia & CIS is estimated to expand at a rapid pace during the forecast period. The pharmaceuticals segment in Europe is the largest in the world.
North America is another major consumer of microcrystalline cellulose, led by a rise in the demand for wood-based raw materials in the region in various end-use industries.
Asia Pacific accounted for a strong share of the global microcrystalline cellulose market in 2020. China dominated the market and is estimated to contribute maximum share in Asia Pacific during the forecast period. Japan and India are other countries in Asia Pacific wherein the microcrystalline cellulose market is anticipated to expand significantly during the forecast period.
The microcrystalline cellulose market in Middle East & Africa is likely to expand at a significant pace in the near future, owing to the presence of a large number of pharmaceutical, food & beverage, and cosmetics manufacturers in the region.
Microcrystalline Cellulose Market: Key Players
The global microcrystalline cellulose market was highly consolidated in 2020. A few players dominated the market. Key players operating in the global microcrystalline cellulose market are Dupont, Rayonier Advanced Materials, Asahi Kasei Corporation, Avantor Inc., DFE Pharma, JRS Pharma, Sigachi Industries Pvt. Ltd, Huzhou City Linghu Xinwang Chemical Co., Ltd., Mingtai Chemical Co., Ltd, Foodchem International Corporation, Quadra Chemicals, Maple Biotech Pvt. Ltd., Anhui Sunhere Pharmaceutical Excipients Co., Ltd., Accent Microcell Pvt. Ltd., RanQ, and Chemfield Cellulose.
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