The study provides a decisive view on the global microcrystalline cellulose market by segmenting it in terms of end-users. End-user segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also covers demand for individual end-user segments in all the regions.
Albany, NY -- (SBWIRE) -- 06/01/2015 -- Microcrystalline cellulose (MCC) or cellulose gel is cellulose derived from wood pulp and it is purified and partially treated with alpha-cellulose and depolymerized. Microcrystalline cellulose (MCC) is in obtained in free flowing powder form, is odorless, and insoluble in dilute acids, most organic solvents and water. MMC can be used in the food manufacturing as a texturizer, fat substitute, anti-caking agent, and to impart dietary bulk as a bulking agent. Microcrystalline cellulose (MCC) is made from bio-based raw materials and is fit for consumption and does not degrade during the digestion process.
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Microcrystalline cellulose (MCC) has a large surface area with high internal porosity has binding ability, compressibility, and is used as a natural laxative. These characteristics make MCC appropriate for pharmaceutical applications. Microcrystalline cellulose (MCC) is also used in end-user businesses such as personal care, food, paints and coatings. MCC global market is set to expand at a CAGR of 5.8% during the forecast period from 2014 to 2020 and reach a value of US$936.3 million. In 2013 the global market for MCC was valued at US$632.9 million.
MCC Use in End-user Industries Drive Growth Due to Ecological Ingredients:
The upsurge in demand for microcrystalline cellulose (MCC) in end-user industries is expected to drive the market globally. As microcrystalline cellulose (MCC) is manufactured from ecological raw-materials it will work as a market opportunity for the MCC global market during the forecast period. Microcrystalline cellulose (MCC) demand in pharmaceutical excipient industry, spiraling demand for low fat food, rising population of overweight adults, and increase in geriatric adult population are among the reasons that can be considered as the market propelling factors for MCC. The drawbacks to the growth opportunity are high-priced production, low yields, and substitute product availability in specific applications that may hamper the market growth for MCC.
Pharmaceutical Application Segment Registers Highest Market Growth:
Microcrystalline cellulose (MCC) is divided into market segments based on end-user applications and by geography. The end-user segments are food and beverages; personal care; pharmaceutical, and others. The pharmaceutical segment had an amplified market growth in 2013 and was the biggest end-user segment in 2013 with 35% market share. Innovations in pharmaceutical products, is among the factors for MCC market expansion over the next 6 year period.
Additionally MCC was approved by the U.S. Pharmacopeial Convention and the U.S. Food and Drug Administration (FDA) as a safe ingredient in food items. This has led to increase of MCC use in food products and a factor for market development of this segment in Microcrystalline cellulose (MCC).
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North America Largest Market Due to Demand in Pharmaceutical and Food Industry:
The geographical segments include North America, Europe, Asia Pacific and Rest of the World (RoW). North America had a 30% market share in 2013 and was the largest market regionally for MCC. The market is expected to accelerate further in this region during the forecast period due to pharmaceutical and food industry related MCC demand. Asia Pacific is projected as the most rapidly growing market due to intensified MCC requirements in developing nations such as Thailand, India, China, Malaysia, and Vietnam. Europe and RoW are latent markets for MCC growth and significant growth is expected in regions such as Middle East and Latin America.
Major manufacturers of MCC include, FMC Corporation, Sigachi Industrial Pvt. Ltd., DFE Pharma GmbH & Co. KG, Libraw Pharma, Asahi Kasei Corporation, JUKU ORCHEM PRIVATE LIMITED, Avantor Performance Materials, Inc., J. RETTENMAIER & SÖHNE GmbH + Co KG MINGTAI CHEMICAL CO., LTD. BLANVER FARMOQUÍMICA LTDA and Accent Microcell Pvt. Ltd.