Microcrystalline Cellulose Market Update, Analysis, Forecast, 2019 – 2024

Microcrystalline Cellulose market is forecast to exceed USD 1.2 billion; according to a new research report. Improving consumer lifestyles mainly in Asia Pacific and Latin America, owing to rising socio-economic factors is projected to make profound influence in the microcrystalline cellulose market by 2024. For instance, India personal care industry accounts for 22% of the total fast-moving consumer goods (FMCG) market. Additionally, FDI in the sector was valued over USD 690 million in 2014. The aforementioned trends are anticipated to make notable influence in the MCC market by 2024.

Product is extensively used as an abrasive, an absorbent, adhesive, binder, anti-caking ingredient, emulsion stabilizer, film former, slip modifier, viscosity improving agent, opacifying agent, etc. Product imparts valuable features to a variety of skin, hair, nail and other cosmetic products. As an opacifying agent, the product reduces the clear or transparent appearance of cosmetic products, mostly for hiding blemishes. Furthermore, as an anti-caking agent product is utilized to prevent powdered or granular substance from forming lumps. The above-mentioned trends are projected to drive the MCC market up till 2024.

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Based on the sources, MCC market for wood sources is likely to witness gains close to 5.5% by 2024. Product extracted from wood finds extensive applications as a fat alternate, an extender, bulking agent, texturizer, etc. in quite a few industries including cosmetics, food, pharmaceutical, paper, polymer composites, etc.

Significant investment in the U.S. pharmaceutical industry for the innovation & development of advanced products with better features, will help achieve promising gains to MCC market by 2024. According to Pharmaceutical Research and Manufacturers of America (PhRMA), the major pharmaceutical manufacturers in the region have been consistently spending approximately 18% of the domestic sales on R&D facilities.

MCC market for paints & coatings industry constituted more than USD 80 million in 2016. Non-colloidal product form is widely used in waterborne coating systems to stabilize the formulation. It is an excellent stabilizer and dispersing aid due to its superior suspending functionality and emulsion stabilizing ability.

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Furthermore, product is also applicable in paper industry as a texturizer for the surface treatment of paper or paper board. It can also be used as a raw material for the production of paper or paperboard. The abovementioned trends are projected to make significant gains to microcrystalline cellulose market in the coming years.

Microcrystalline cellulose market share for Europe accounted for 25% of the total industry share in 2016. It is chiefly due to well-established cosmetics sector in France, Italy, UK and Germany, which extensively utilize product in the production of variety of skin, hair, nail cosmetic products. According to Cosmetics Europe: The Personal Care Association, a significant contribution of USD 1.56 billion was made in the R&D of cosmetics industry, which is probable to drive the global MCC market by 2024.

In addition, wide-ranging product use in the pharmaceutical sector in the region. For example, it is used physiologically inert, odorless, and tasteless, hence making it suitable as a binding agent in the tablet formulations. Moreover, it is a key diluent for drug formulations and an essential component for almost every kind of oral dosage including tablets, capsules, sachets, and pellets.

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The foremost MCC market share constituents are Mingtai Chemical, FMC Corporation, DFE Pharma and Asahi Kasei. Most of the companies are making considerable investment for innovation and development. For example, FMC Corporation launched its Asia innovation center in the Zhangjiang hi-tech park in the Pudong area of Shanghai, China in July 2014. It will serve as a company's hub for R&D, technical innovation and operational support in the region.

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