The global demand for microcrystalline cellulose (MCC), as in line with a currently concluded market examine via destiny marketplace Insights (FMI), is projected to develop at a slight price of four.5 percentage, in 2019. The worldwide quantity income of microcrystalline cellulose is projected to reach approximately 139,899 tons in 2019, generating a revenue of approximately US$ 537.7 Million, for the duration of the equal length.
The outlook for worldwide microcrystalline cellulose market is expected to stay high quality with accelerated business application in a number of quit-use industries, mainly food and drinks industry given the transferring purchaser desire towards healthy and fibrous food.
This has led to the introduction and usage of innovative non-wood-based alternatives made from agricultural waste, thereby augmenting the growth of the market. Backed by the aforementioned factors, the market is projected to expand at a steady 4.7% CAGR, topping US$ 818 Mn in 2028.
The global microcrystalline cellulose market showcases a moderately fragmented landscape, with tier-1 companies including DowDupont Inc., and Asahi Kasei Corporation showing dominance over approximately 45–50 percent market share. The local, tier-3 manufacturers of microcrystalline cellulose such as Mingtai Chemical Co., Ltd., Accent Microcell Pvt. Ltd, and Sigachi Industries Pvt. Ltd account to nearly 30–35 percent market share, having a relatively stronger hold on the regional geographies, compared to tier-2 manufactures — holding about 10–15 percent market share.
- Key players and research institutions are focusing on improving the quality of the final product using environmental-friendly solvents.
- Market participants are also investing production capacity expansion to meet the growing demand, amidst market consolidation efforts in the global microcrystalline cellulose landscape.
- Players are also focusing on feasibility study and development of distribution networks and efficient supply chains in the microcrystalline cellulose market.
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· Extensive analysis on high growth niche markets across major regions
· Detailed assessment on key segments and sub-segments
· Recent and upcoming strategies tracked of manufacturers for the Microcrystalline Cellulose market
· Reliable information on new product launches, technological advancements, and more
· Valuable insights on the impact of regulatory framework on the global Microcrystalline Cellulose market
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