Authored By: Sarah
07 Nov 2024

Growth of the pharmaceutical industry is driving the Microcrystalline Cellulose (MCC) Market

Latest News - Microcrystalline Cellulose (MCC) Market 2024-2028: N.A. Leads Market Growth

Technavio analyzes that the Microcrystalline Cellulose (MCC) Market is expected to grow at a CAGR of 6.22% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 440.3 million.There are various factors that contribute to the growth of the market. The expansion of the pharmaceutical sector has significantly fueled the growth of the Microcrystallic Cellulose (MCC) market. MCC, a form of refined and purified cellulose, is an essential excipient used in pharmaceuticals for its binding, thickening, and disintegrating properties. The increasing demand for pharmaceutical products, particularly in emerging economies, is driving the market's growth. Additionally, the ongoing research and development in the pharmaceutical industry to produce more effective and patient-friendly dosage forms will further boost the demand for MCC.

In the realm of business and industry, the pharmaceutical sector holds a substantial share in the global microcrystalline cellulose (MCC) market in 2023. This growth can be attributed to the burgeoning pharmaceutical industry, which is a significant consumer of MCC. As an indispensable excipient, microcrystalline cellulose is extensively utilized in the pharmaceutical industry, primarily for producing solid dose forms, such as tablets. Its exceptional compressibility properties enable it to function as a binder, stabilizer, film-forming agent, suspension agent, and disintegrant in various tablet formulations, ointments, and topical bases. The processed food industry is another notable consumer of MCC, utilizing it as a stabilizer and thickening agent. 

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Microcrystalline Cellulose (MCC) Market Segmentation

  • Application
    • Pharmaceutical
    • Food and beverage
    • Cosmetics and personal care
    • Others
  • Material
    • Wood-based
    • Non-wood based
  • Geography
    • Europe
    • North America
    • APAC
    • South America
    • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

  • Accent Microcell Pvt. Ltd.
  • Amishi Drugs and Chemicals Pvt Ltd
  • Asahi Kasei Corp.
  • Ashok Chem Pharma International
  • Avantor Inc.
  • CelluTech Pharma Pvt. Ltd.
  • Chemfield Cellulose Pvt. Ltd.
  • DuPont de Nemours Inc.
  • Foodchem International Corp.
  • J RETTENMAIER and SOHNE GmbH and Co KG
  • Libraw Pharma Excipients Pvt. Ltd.
  • Maple Biotech Pvt. Ltd.
  • MINGTAI CHEMICAL CO. LTD
  • NB Entrepreneurs
  • Pharmatrans Sanaq AG
  • Quadra Chemicals Ltd.
  • Roquette Freres SA
  • Royal FrieslandCampina NV
  • Sigachi Industries Ltd.
  • SixRing Inc.

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Research Analysis Overview

Microcrystalline Cellulose (MCC) is a refined form of cellulose derived from Alpha-cellulose, obtained through the treatment of wood pulp or non-wood sources with mineral acids. The resulting product undergoes freeze-drying to produce fine, white, odorless, and tasteless particles. MCC is widely used as an excipient in various industries including pharmaceuticals for tablet formulations, drug development, and suspension agents. In the processed food industry, it functions as a stabilizer, binder, film-forming agent, and disintegrant. MCC also finds applications in ointments, personal care products, rubber industry, and as a thickener in foodstuffs like meats and dairy products. Other cellulose derivatives such as Carboxymethyl cellulose (CMC), Kappa-carrageenan, Croscarmellose sodium (CCS), and Guar gum are also used in similar applications.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. Factors fueling the expansion of the specialty chemicals market include the increasing preference for specialty adhesives and sealants. The surging demand for these products will propel market growth throughout the forecast period. Key raw materials in the specialty chemicals industry include alpha-cellulose, mineral acids, freeze-drying, sucrose, carboxymethyl cellulose (CMC), kappa-carrageenan, croscarmellose sodium (CCS), and guar gum.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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