Global Microcrystalline Cellulose Market 2017-2021

This market research study identifies Asahi Kasei, FMC, FrieslandCampina, MINGTAI CHEMICAL, and Tembec as the leading players in the global microcrystalline cellulose market. A comprehensive analysis of this market is also presented by application (pharmaceutical, food and beverage, cosmetics and personal care, and others) and by geography (APAC, Europe, North America, and ROW).

Overview of the global microcrystalline cellulose market

Technavio's market research report identifies that the properties of microcrystalline cellulose will be one of the primary growth drivers for the global microcrystalline cellulose market till 2021. The chemical properties of microcrystalline cellulose include good compressibility, liquidity, and water retaining capacity. They are used as binders in capsules and tablets due to their high compressibility. Microcrystalline cellulose is used in various end-user applications such as pharmaceuticals, food, cosmetics, and personal care products based on the liquidity of the substance. Microcrystalline cellulose such as Avicel PH102 is free-flowing and is easily absorbed by the body because it disintegrates efficiently. Technavio's market research analysts predict that the market for microcrystalline cellulose will grow at a CAGR of close to 6% by 2021.

One of the key trends that will gain traction in the microcrystalline cellulose market during the coming years is the growing demand for low-fat and processed food products. The application of microcrystalline cellulose in packaged food products improves the shelf-life of the product and enhances its nutritional value. Additionally, it is also used in processed meat and processed seafood as an additive and preservative to maintain the freshness and quality of the product.

Competitive landscape and key vendors

The microcrystalline cellulose market is moderately fragmented due to the presence of many global and local vendors. The production of microcrystalline cellulose is mainly concentrated in China and the US. Owing to the presence of skilled labor and minimum government norms, manufacturers are focusing on expanding their production facilities to countries in the APAC, especially Vietnam, China, India, and Japan.

Key vendors in this market are -

• Asahi Kasei
• FMC
• FrieslandCampina
• MINGTAI CHEMICAL
• Tembec

Other prominent vendors in the market include Anhui Sunhere Pharmaceutical Excipients, Ankit Pulps and Boards, Amishi Drugs & Chemicals, Godavari Biorefineries, Huzhou City Linghu Xinwang Chemical, JRS Group, JUKU, RanQ Remedies, Sigachi Industries, and SPECHEM CELLULOSE.

Segmentation by application and analysis of the microcrystalline cellulose market

• Pharmaceutical
• Food and beverage
• Cosmetics and personal care

The FDA and the US Pharmacopeia have approved the application of microcrystalline cellulose in medicinal products. As a result, the demand for usage in microcrystalline cellulose is increasing in drugs, tablets, and capsules. The adoption of microcrystalline cellulose will continue to increase in the pharmaceutical sector during the estimated period because they exhibit properties such as compressibility and free flowing capacity that are essential in the formulation of drugs.

Segmentation by geography and analysis of the microcrystalline cellulose market

• APAC
• Europe
• North America
• ROW

Canada and the US are the major consumers of microcrystalline cellulose in North America. The market for microcrystalline cellulose is growing in the region due to the growth of the pharmaceutical and food industries. The increasing consumer awareness regarding the health benefits of fiber supplements will drive the application of microcrystalline cellulose throughout the projected period. Furthermore, the increasing demand for low-fat processed food will also boost the need for microcrystalline cellulose.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global microcrystalline cellulose market?
• What are the key market trends impacting the growth of the global microcrystalline cellulose market?
• What are the challenges to market growth?
• Who are the key vendors in the global microcrystalline cellulose market?
• What are the market opportunities and threats faced by the vendors in the global microcrystalline cellulose market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global microcrystalline cellulose market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global microcrystalline cellulose market offers insights into the trends and drivers fueling the growth of the chemicals and materials industry. Our reports for the chemicals and materials industry also follow a through data collection methodology and presents an extensive analysis of fast growing market segments like specialty chemicals.   

Moreover, to predict accurately, our industry experts follow a unique approach for data collection and assess the changing vendor landscape of the paints, coatings, and pigments sector. The key advantage gained from the adoption of this approach is better statistical models and vendor analysis. By taking into account the market size and forecast, surging demand for various market segments of the sector, the market research professionals at Technavio present an all-inclusive picture of the microcrystalline cellulose market from 2017 to 2021.   

This forthcoming market research report on the microcrystalline cellulose market also covers vendors like FMC Corporation, Asahi Kasei Corporation, and Accent Microcell Pvt. Ltd. Furthermore, to help businesses achieve larger market share and expand into niche markets, this report on the microcrystalline cellulose market also covers geographies like the Americas, APAC, Europe, and ROW.  

The upcoming industry research report for the microcrystalline cellulose market also categorizes the key drivers, prominent trends, along with the restraints that the specialty chemicals sector currently experiences. This upcoming report on the microcrystalline cellulose market presents insights into the rapidly changing competitive scenario to give clients an exact outlook of the forthcoming events within the chemicals and materials industry. Technavio also presents in-depth market assessments into the sectors such as paints, coatings, and pigments and olefins.   

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.