Global Microcrystalline Cellulose (MCC) Market 2018-2023: A Highly Fragmented Market - Key Players are DowDuPont, Asahi Kasei Chemicals, Rayonier Advanced Materials, Roquette and DFE Pharma
DUBLIN, Sept. 7, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
The microcrystalline cellulose (MCC) market size was estimated at USD 885.1 million in 2018 and is projected to reach USD 1,241.4 million by 2023, registering a CAGR of 7.0% from 2018 to 2023.
The growth of the MCC market is primarily triggered by the increasing demand for processed food and growing production of pharmaceutical and cosmetic & personal care products.
The MCC market has been segmented based on application, source type, and region. On the basis of application, the MCC market has been classified into food & beverage, pharmaceutical, cosmetics & personal care, and others. Pharmaceutical is one of the major applications of MCC and is estimated to dominate the overall MCC market in 2018. MCC is increasingly being used in quick release tablets & liquid dosage forms, sustained-release multiparticulates & matrix tablets dosage forms, topical formulations, and chewable & effervescent tablets.
On the basis of source type, the MCC market has been classified into wood-based and non-wood-based. The wood-based type segment is estimated to dominate the overall MCC market, in terms of value both and volume, in 2018. The chemical properties of MCC produced from different wood sources vary because of the difference in the composition of alpha-cellulose in different kinds of wood available. Commercially available MCC is primarily produced from wood-based sources.
Europe is estimated to be the largest market for MCC in 2018 in terms of value. The overall market growth of the European region is primarily driven by increasing investments in drug development and the continuous efforts of pharmaceutical companies to offer superior-quality products. In addition, 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.
The MCC market is highly competitive due to the presence of several players with a strong foothold in the market, and some smaller domestic players. DowDuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), and DFE Pharma GmbH & Co.KG (Germany) are the key players operating in the MCC market.
These key players offer a wide range of MCC products to strengthen their competitive positions and to cater to the growing demand from various applications
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the MCC Market
4.2 MCC Market, By Source Type
4.3 MCC Market, By Application and Region
4.4 MCC Market, By Country
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Pharmaceutical Industry is Driving the MCC Market
5.1.1.2 Increasing Acceptance of MCC as A Pharmaceutical Excipient
5.1.1.3 Increase in Demand for MCC Due to Growth in the Processed Food Industry
5.1.2 Restraints
5.1.2.1 Availability of Substitutes for Specific Food & Beverage and Pharmaceutical Applications
5.1.3 Opportunities
5.1.3.1 Increasing Demand From Emerging Economies
5.1.3.2 Growth in Non-Wood-Based MCC
5.1.4 Challenges
5.1.4.1 to Produce Low-Cost MCC
5.2 Value Chain Analysis
5.3 Porter's Five Forces Analysis
6 MCC Market, By Source Type
6.1 Introduction
6.2 Wood Based
6.3 Non-Wood Based
7 MCC Market, By Application
7.1 Introduction
7.2 Food & Beverage
7.3 Pharmaceutical
7.4 Cosmetics & Personal Care
7.5 Others
8 Regional Analysis
9 Competitive Landscape
9.1 Introduction
9.2 Key Growth Strategies
9.2.1 New Product Developments/Launches
9.2.2 Expansions
9.2.3 Acquisitions
9.2.4 Agreements, Partnerships, Joint Ventures, Acquisitions, and Collaborations
10 Company Profiles
10.1 Dowdupont
10.2 Asahi Kasei Chemicals Corporation
10.3 Rayonier Advanced Materials
10.4 Roquette
10.5 DFE Pharma GmbH & Co.Kg
10.6 JRS Pharma GmbH & Co. Kg
10.7 Avantor Performance Materials Inc.
10.8 Gujarat Microwax Limited
10.9 Sigachi Industrial Pvt. Ltd.
10.10 Huzhou City Linghu Xinwang Chemical Co., Ltd
10.11 Other Companies
10.11.1 Accent Microcell Pvt. Ltd
10.11.2 Anhui Sunhere Pharmaceutical Excipients Co., Ltd
10.11.3 Ranq Remedies Pvt. Ltd
10.11.4 Mingtai Chemical Co., Ltd
10.11.5 Foodchem International Corporation
10.11.6 Quadra Ingredients
10.11.7 Shandong Guanda Technology
10.11.8 Juku Orchem Private Limited
10.11.9 Maple Biotech Pvt Ltd
10.11.10 Huzhou Zhanwang Pharmaceutical Co., Ltd
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