Microcrystalline Cellulose Market Research Report: Information by Source (Wood Based & Non-wood Based), by End-Use Industry (Pharmaceuticals, Food & Beverages, Cosmetic & Personal Care, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) - Forecast till 2030

Microcrystalline Cellulose Market Overview

Microcrystalline Cellulose Market is anticipated to register a CAGR of 6.78% to reach USD 1,204.7 Million by the end of 2027. Microcrystalline cellulose is purified cellulose that has partly depolymerized particles. It combines mineral acids with alpha-cellulose which is obtained as a pulp from fibrous plant content. Air, dilute acids, and most organic solvents are generally insoluble. However, it is partially soluble in a 20% alkali solution. It has a wide variety of applications in prescription excipients and can be used specifically for dry powder tableting. Pharmaceuticals and cosmetics are the major end-user industries of microcrystalline cellulose. The ongoing pandemic has altered the face of the beauty industry. The lockdown imposition and other restrictions, international travel bans, and retail business closures, sales, purchases, and usage have fallen across many beauty segments. However, the pharmaceutical industry experienced an increase in production due to the COVID-19 pandemic as the medicines used in hospitals worldwide have increased, thus increasing the demand for microcrystalline cellulose used in the production of drugs. Furthermore, government support in various pharmaceutical sector countries is expected to influence the market studied positively.

The demand for microcrystalline cellulose from the pharmaceutical industry across significant economies is expected to drive the demand for the market studied. On the flip side, the high manufacturing and production cost of microcrystalline cellulose is expected to hinder the market's growth. The APAC region will dominate the market with increasing manufacturing from the pharmaceutical industry in countries like India and China.

Microcrystalline Cellulose Market Revenue, By Application, 2019 (USD Million):

Sources: MRFR Analysis

Segmentation

Microcrystalline Cellulose Market has been segmented based on Source, End-Use Industry, and Region.

Microcrystalline Cellulose Market has been categorized based on source into wood-based and non-wood based. Among these, the wood-based source segment accounted for more than 50% of the global market share in 2019. This polymer is widely used as a non-stick coating for pans and cookware, insulation of wiring in aerospace and electrical industries, medical appliances, and automotive and industrial products. 

Based on the End-Use Industry, the microcrystalline cellulose industry has been segmented into pharmaceutical, food & beverages, cosmetics & personal care, and others. In terms of value, the pharmaceutical segment dominated the global market with more than 40% market share in 2019 in terms of value and is anticipated to register a healthy CAGR of 7.36%. This is attributed to rising healthcare spending and an increase in cardiovascular disease among people. The food & beverage segment is expected to hold a significant market share in the Microcrystalline Cellulose Market.

Microcrystalline Cellulose Market Share, By Region, 2019 (%):

Sources: MRFR Analysis

Regional Analysis

Microcrystalline Cellulose Market has been studied across five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific held the largest market share of more than 40% market share in 2019, with a market value of approximately USD 587.3 million and is expected to grow at a faster pace during the study period. The market growth can be attributed to the growing urbanization and increasing industrialization in the emerging economies of Asia-Pacific, especially in China, Japan, and South East Asian nations.

In 2019, North America held the second-largest Microcrystalline Cellulose Market Share. This is driven by the presence of established players in the region, with the US being the largest market. Growing demand for microcrystalline cellulose for pharmaceutical and food applications is propelling the market growth in Europe. For instance, according to International Trade Administration (ITA), in 2017, the pharmaceutical industry manufactured products in Germany were valued at USD 37.40 billion, with an increase of about 4.7% compared to the previous year. The pharmaceutical market is also expected to reach a value of USD 82.26 billion by 2021, as per the same source.   

Key Players

Key players operating in the Microcrystalline Cellulose Market are 

• DuPont,


• Asahi Kasei Corporation,


• JRS Pharma,


• Roquette Frères,


• Mingtai Chemical Co., Ltd.,


• Accent Microcell Pvt. Ltd.,


• JRS Pharma,


• Pharmatrans-Sanaq AG,


• DFE Pharma,


• Weiming Pharmaceutical MFG. Co., Ltd


• Sigachi Industries Pvt. Ltd.

The Microcrystalline Cellulose Market is highly competitive, with all the players competing to gain maximum market share. Various key players in the market are engaged in R&D activities and technological advancements to enhance their global position and product portfolio. Furthermore, expansion in lucrative regional markets, government regulations, and healthy growth of the pharmaceutical and food processing industry are the key factors that hamper the global market growth.Recent Development News

• The global cosmetic market grew by more than 5.5% in 2019, with sales from online platforms gaining the highest momentum, of more than 25% during the same year. The growth is majorly spurred on in the APAC region by the infinite diversity of consumer aspirations and the continuous innovations in the industry. This region has the highest demand for cosmetics, particularly luxury products.


• South Korea is home to the world's most exceptional beauty markets. The market has new beauty trends and innovations featuring sophisticated ingredients and aesthetically-appealing packaging.

Market Segmentation

Global Microcrystalline Cellulose Market, By Type

• Wood-Based


• Non-Wood Based

Global Microcrystalline Cellulose Market, By End-use Industry

• Pharmaceutical


• Food & Beverages


• Cosmetics & Personal Care


• Others

Global Microcrystalline Cellulose Market, By Region

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • France
  
  
  • Belgium
  
  
  • Germany
  
  
  • Spain
  
  
  • Italy
  
  
  • UK
  
  
  • Poland
  
  
  • Netherlands
  
  
  • Russia
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia & New Zealand
  
  
  • Indonesia
  
  
  • South Korea
  
  
  • Thailand
  
  
  • Vietnam
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Latin America
  
  
  
  • Mexico
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of Latin America
  
  
  
  


• Middle East & Africa
  
  
  
  • Turkey
  
  
  • Egypt
  
  
  • GCC
  
  
  • Israel
  
  
  • Rest of Middle East
  
  
  
  

Available Additional Customizations

• Customer Analysis of Major Consumers


• Additional Company Profiles

Intended Audience

• Microcrystalline Cellulose Manufacturers


• Suppliers and Traders of Microcrystalline Cellulose and Related Products


• Government, Associations, and Industrial Associations


• Investors and Trade Experts


• Consulting in Chemical Experts