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Microcrystalline Cellulose (MCC) Market to witness an outstanding growth from pharma industry by 2024

Author : Rahul Varpe | Published Date : 2019-05-07 

Global Market Insights provides a detailed overview of Microcrystalline Cellulose (MCC) market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Microcrystalline Cellulose (MCC) market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report. 

MCC’s capability to combine powders into a solid medicinal dose is one of its pivotal characteristics that contributes toward driving microcrystalline cellulose market from the pharmaceutical sphere. When used with a polymer coating, MCC helps in making tablets smoother that makes them easy to swallow. Amidst the current healthcare scenario where the elderly require pills even for the most minor disorders, comfort and convenience in dispatching medicines is of vital importance. This trend is expected to continue in the next few years, fueling MCC industry growth.

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The pharma space will emerge as a major application arena for microcrystalline cellulose market given that the product is used massively in this industry on account of its unique properties such as compressibility and increased free flow. Produced in a very controlled environment, MCC has neither taste nor color, making it the most viable candidate for a medicinal binder. Being chemically inert, MCC also does not react with other constituents in a tablet. Additionally, it also has necessary qualities of a diluent and small bulk density that enhances its flow characteristics, making it even more suitable for the pharma industry.

The drive to make processed food healthy has led to a significant growth in microcrystalline cellulose market, since the product has been approved by several food regulatory bodies to be safe food additive. Subject to its bulk density it is used as a calorie reducer, while its fiber density has made it a desirable choice as a fiber supplement. Additionally, the product’s moisture absorbing property has made it popular as an anticaking agent. With the expansion of the F&B industry, in tandem with the increasing efforts to eliminate the reputation garnered by the processed food sector, it is rather overt that MCC market will witness a commendable growth rate from food applications over 2017-2024.

Microcrystalline cellulose market is projected to register a substantial revenue from the Asia Pacific region, given that the continent is a growth hub for the food, pharmaceutical, and personal care sectors. The expansion of the aforementioned industries across the economies of India and China in particular, has been rather appreciable. For instance, the India Brand Equity Foundation (IBEF) states that the personal care industry is India is projected to surpass $20 billion by 2025 which is a significant progress from the industry size of $6.5 billion in 2016.

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Based on the sources, microcrystalline cellulose 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.

Microcrystalline cellulose 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. 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 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 microcrystalline cellulose market share constituents are:

  • Mingtai Chemical
  • FMC Corporation
  • DFE Pharma
  • 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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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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