Global Microcrystalline Cellulose (MCC) Market to Reach US$936.3 mn by 2020, Buoyed by FDA’s Safety Approval : Transparency Market Research
Microcrystalline Cellulose Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020
A recent report published by Transparency Market Research pegs the value of the global microcrystalline cellulose (MCC) market at US$632.9 mn in 2013. As per the findings of the study, the market is likely to reach a valuation of US$936.3 Mn by the end of 2020. If the figures hold true, the global microcrystalline cellulose market will exhibit a positive 5.80% CAGR between 2014 and 2020. The report is titled “Microcrystalline Cellulose (MCC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available on the company website for sale.
Browse the full Microcrystalline Cellulose Market report at : http://www.transparencymarketresearch.com/microcrystalline-cellulose-market.html
Increasing demand for low-fat foods and robust growth of the pharmaceutical excipient industry are the primary factors fuelling demand from the global MCC market. Leading manufacturers in the market are focusing on eco-friendly raw materials for MCC production. This, according to the report, is an opportunity that the market could capitalize on in the forthcoming years. On the flip side, however, the high cost of production compared to low yield will hamper the progress of the market in the near future.
MCC boasts diverse applications across industries, which include food and beverages, pharmaceuticals, paints and coatings, and personal care. Of these, pharmaceuticals emerged as the largest application segment in 2013, with a share of over 35% in the global MCC market. Based on the prevailing market trends, the study forecasts the segment to continue developing at a rapid pace, thereby maintaining its lead in the market through the report’s forecast period.
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MCC possesses properties such as efficient compressibility, high internal porosity, and impressive binding ability. The component thus performs the critical functions expected from a pharmaceutical excipient. With MCC being declared as a suitable excipient for pharmaceutical applications, the future of the global market for the same is expected to be highly profitable over the next few years. Apart from this, the globally rising geriatric population and development of advanced products are also likely to give an impetus to the market.
The report on the global MCC market therefore provides a comprehensive overview and valuable insights into the economic and social factors that will impact the market’s growth trajectory. Speaking about the growth opportunities of the market, a senior TMR analyst said, “Recently the US Food and Drug Administration has approved MCC as a safe ingredient that can be used in foods. Following the announcement, the demand for MCC has significantly risen in the food and beverages industry”. He added that “The growing market for low-fat food will also augment the demand for MCC by 2020”.
Among the key regional markets for MCC, North America held the leading position, accounting for over 30% of the global microcrystalline cellulose market. Slow yet steady recovery of the US economy, coupled with strong demand from the pharmaceutical and food and beverages industries, fuels the demand for MCC in North America. The Middle East and Latin America are also likely to emerge as lucrative markets for MCC, while Asia Pacific is expected to exhibit the fastest growth. The spurt in demand for MCC from India, China, Malaysia, Thailand, and Vietnam will aid the MCC market’s growth in Asia Pacific, states the report.The report also studies the competitive landscape of the global MCC market and profiles leading players including FMC Corporation, J. RETTENMAIER & SÖHNE GmbH + Co KG, Accent Microcell Pvt. Ltd., Sigachi Industrial Pvt. Ltd., and others.
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Microcrystalline Cellulose Market: End-user Segment Analysis
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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