Global microcrystalline cellulose market was valued at US$ 748.6 million in 2016, according to Global Microcrystalline Cellulose Market, by Source Type (Wood Based and Non-wood Based), by End-use Industry (Pharmaceutical, Food & Beverages, Cosmetics & Personal Care and Others) published by Coherent Market Insights. The microcrystalline cellulose market is expected to register a CAGR of 6.50% over the forecast period (2017–2025), reaching US$ 1,311.6 million by 2025.
The major factor propelling growth of this market is growing application of microcrystalline cellulose in the pharmaceutical industry. This is attributed to high compressibility of MCC, which provides hard texture to a tablet that dissolves quickly. In addition to this, it is widely used as fillers and binders in drug formulations, owing to its strong binding properties. Further, microcrystalline cellulose is used as an anti-caking agent, stabilizer, and texture modifier in many processed food products such as frozen desserts, dairy, and bakery products. This wide application of microcrystalline cellulose is anticipated to confer a boost to the global microcrystalline cellulose market during the forecast period.
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Key Trends and Analysis of the Global Microcrystalline Cellulose Market:
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Major players operating in the global microcrystalline cellulose market include FMC Corporation, Asahi Kasei Corporation, Juku Orchem Private Limited, Mingtai Chemical Co. Ltd., Blanver, J Rettenmaier & Shone GmbH + Co Kg, Singachi Industries Pvt. Ltd., Accent Microcell Pvt. Ltd., and DFE Pharma.
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