Microcrystalline Cellulose Market By Raw Material (Wood And Non-Wood), End-Use Industry (Pharmaceuticals, Food & Beverage, Cosmetic & Personal Care, And Others), And Region
Pune, India -- (SBWIRE) -- 08/14/2018 -- Microcrystalline Cellulose Market – Market Overview:
Microcrystalline cellulose (MCC) is a partly depolymerized cellulose with shorter crystalline polymer chains. It is manufactured by controlled partial hydrolysis of pure wood pulp, followed by purification and drying. It can also be synthesized by micro-organisms such as fungi, bacteria, algae, and marine animals. MCC finds application in various industries such as pharmaceuticals, food & beverages, and cosmetics & personal care. It is widely used as filler and binder in the drug formulations and owing to strong binding performance.
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The global demand for MCC is driven by the pharmaceutical industry coupled with rising health awareness among the people. Asia Pacific is the fastest growing region in the MCC market owing to expanding population and rising per capita disposable income. Growing number of people suffering from chronic diseases due to improper diet, hectic work schedule, and physical inactivity are propelling the market growth. In 2016, according to the Indian Brand Equity Foundation, per capita pharmaceutical sales in India grew at 17.6% CAGR. Also, Indian pharmaceutical sector is estimated to account for around 3.5% of the global pharmaceutical industry in value. Growing food & beverage industry with rising demand for the packaged food & beverages due to convenience and improved shelf life is driving the MCC market growth. Additionally, growing number of working women's in the emerging economies is another important factor fuelling the product demand. The product consumption is increasing cosmetics & personal care industry by virtue of growing requirement of cosmetic product for personal grooming.
North America and Europe region are expected to exhibit considerable growth over the forecast period with surging demand for MCC in the major end use industries. Moreover, growing healthcare industry with rising geriatric population is majorly influencing the market growth in this region.
Microcrystalline Cellulose Market – Competitive Analysis:
Microcrystalline Cellulose is at the growth stage and is expanding rapidly across the globe especially in the Asia pacific region owing to the growing healthcare industry. Some of the growing trends noticed among the market players are acquisition and business expansion. For instance, in 2017, DowDuPont acquired FMC Corporation's Health and Nutrition Segment, one of the leading brand, to strengthen its position in health and nutrition products and enhance business performance.
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The global microcrystalline cellulose market is segmented as per the raw material, end-user, and region.
There are only two raw material sources available, namely wood based and non-wood based. Out of these, the non-wood based raw material source is likely to dominate the market due to the excessive demand for synthetically produced and cheap products.
Based on end-user, the market is segmented into pharmaceuticals, food & beverage, cosmetic & personal care, and others.
? FMC Corporation
? Mingtai Chemical Co. Ltd.
? JRS PHARMA
? Mitsubishi Chemical Corporation
? Asahi Kasei Corporation
? Accent Microcell Pvt. Ltd
? DFE Pharma
? Sigachi Industries Pvt. Ltd.
? Libraw Pharma
? Huzhou City Linghu Xinwang Chemical Co., Ltd
? Shandong Xinda Biotechnology Co., Ltd
Industry/ Innovation/ Related News:
August, 2017- DowDuPont acquired FMC Corporation's "Health and Nutrition segment" to strengthen its Nutrition and Health segment as world's leading speciality food ingredients company and expand pharma applications. This acquisition will enhance the growth potential of DowDuPont with access to one of the leading brand "FMC Corporation" and a strong R&D pipeline.
October, 2014– FMC Corporation planned to invest approximately USD 100 million in food ingredient manufacturing plant in Rayong, Thailand. This investment will help the company to expand its presence and meet the growing demand from the Asia Pacific region.
September, 2014– Mingtai Chemical Co., a leading supplier of microcrystalline cellulose, entered into an agreement with Anshul Life Sciences, a leading supplier of excipients to meet the growing customer demands in the Asia Pacific region.
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