Microcrystalline Cellulose (MCC) Market

Microcrystalline Cellulose (MCC) Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care), Raw Material Source (Wood-based, Non-wood - based), and Region (North America, Europe, APAC, RoW) - Global Forecasts to 2024

Report Code: CH 3725 Dec, 2019, by marketsandmarkets.com

[109 Pages Report] The microcrystalline cellulose (MCC) market size was estimated at USD 885.1 million in 2018 and is projected to reach USD 1,241.4 million by 2023, registering a CAGR of 7.0% from 2018 to 2023. The growth of the MCC market is primarily triggered by the increasing demand for processed food and growing production of pharmaceutical and cosmetic & personal care products. The objective of the report is to define, describe, and forecast the MCC market size based on application, source type, and region.        

Microcrystalline Cellulose Market


Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

By application, the pharmaceutical segment is expected to grow at the highest growth rate during the forecast period
Among the applications segment, the pharmaceutical segment is expected to grow at the highest CAGR during the forecast period. MCC is increasingly being used in quick release tablets & liquid dosage forms, sustained-release multiparticulates & matrix tablets dosage forms, topical formulations, and chewable & effervescent tablets. This has helped the pharmaceutical market to grow at the highest CAGR.

By source type, the non-wood based segment to record the highest CAGR during the forecast period
The non-wood based source type is expected to witness a faster growth rate in this market. MCC manufactured from non-wood sources is an emerging trend in the market. Various alternate non-wood sources are being analyzed to formulate a production process for MCC. The cost of MCC produced from non-wood-based source is very low compared to the wood-based MCC as the raw material used for the manufacture of non-wood-based MCC is basically agricultural waste, which is available at very low prices. This is expected to foster the growth of non-wood based MCC during the forecast period.

Microcrystalline Cellulose Market


Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

Europe to account for the largest market size during the forecast period.
Europe is expected to hold the largest market size in the MCC market during the forecast period, followed by the North American region. The highest market share of Europe is primarily driven by increasing investments in drug development and the continuous efforts of pharmaceutical companies to offer superior-quality products. In addition, economic recovery and the increase in employment rate are the growth factors for the processed food industry in the region, which, in turn, supports the growth of the MCC market in the food & beverage application.

Market Dynamics

Driver: Growing pharmaceutical industry is driving the MCC market

MCC is used in the pharmaceutical industry as a stabilizer, binder, film-forming agent, suspension agent, and disintegrant in tablet formulations, ointments, and other topical therapeutic bases. MCC is one of the most important and widely used excipients in the pharmaceutical industry. It is a key diluent and is used as a binding agent in pharmaceutical formulations. It is extensively used in drug preparations such as tablets, capsules, sachets, and so on. The growing production of pharmaceutical products is further driving the global MCC market. Emerging countries such as China, Brazil, and India are the rapidly-growing markets that are expected to increase the demand for MCC further.

Restraint: Availability of substitutes for specific food & beverage and pharmaceutical applications

MCC, as such, has no available substitutes. But there are a few products which fare better than MCC and have very specific applications. A few of the available products are carboxymethyl cellulose (CMC), kappa-carrageenan, and croscarmellose sodium (CCS).  CMC is used in food & beverages to stabilize emulsions in food products such as ice creams and baking products. CMC is also used in pharmaceutical applications as a disintegrant, stabilizer, binder, and suspension agent. In the food & beverage industry, plant-based guar gum can also be used in ice creams and other dairy products. However, the current high market prices of guar gum can suppress its demand to a certain extent. In the long run, if guar gum prices fall, there will be a negative impact on the growth of the MCC market. Considering the overall scenario, the availability of potential substitute for MCC will not have any major impact on the market in the long run.

Opportunity:  Growth in non-wood-based MCC

Currently, MCC is manufactured using wood pulp. Production of MCC using wood is a costly affair. Non-wood sources are primarily agricultural waste that has negligible or lesser environmental impact than wood-sourced MCC. New production techniques are underway to manufacture MCC from non-wood sources. Moreover, non-wood sources are cheaper than wood sources. Hence, the overall production cost is lower for non-wood-based MCC, resulting in cheaper end-product. Reduced price of MCC will result in increased applications or higher volume consumption in various segments, which is further expected to boost the growth of the global MCC market.

Challenge:  To produce low-cost MCC

The manufacturing of MCC consists of several steps such as acid hydrolysis, washing, bleaching, and drying before the final end-product is achieved. The cost of production of MCC is dependent on the raw material and production techniques used. Reduction in the cost of raw material is expected to decrease the overall cost of MCC. With the development of new technologies that help in the production of low-cost MCC, high demand for the product is anticipated.
The identification of low-cost technologies for the commercial production of low-cost MCC is one of the critical issues for various MCC producers, globally. For manufacturing low-cost MCC, new manufacturing technologies, detailed manufacturing cost analysis, and processing cost models are required. Besides laboratory trials, pilot-scale demonstrations also need to be carried out once the new technologies are defined to test the commercial aspects of these technologies. If such new and efficient production methods are defined, the cost of MCC will reduce, and it will further boost the market for MCC globally.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Million (USD)

Segments covered

Application (Food & beverage, Pharmaceutical, Cosmetics and Others), Source Type (Wood-based, Non-Wood based), and Region

Geographies covered

North America, Europe, APAC, and ROW

Companies covered

DowDuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (Finland), Roquette (France), DFE Pharma GmbH & Co.KG (Germany), JRS Pharma GmbH & Co.KG (Germany), Avantor Performance Materials Inc. (US), Gujarat Microwax Limited (India), Sigachi Industrial Pvt. Ltd. (India) and Huzhou City Linghu Xinwang Chemical Co., Ltd. (China)


The research report categorizes the MCC to forecast the revenues and analyze the trends in each of the following sub-segments:

Microcrystalline Cellulose Market By Application

  • Pharmaceutical
  • Food & Beverage
  • Cosmetics & Personal Care
  • Others

Microcrystalline Cellulose Market, By Source Type

  • Wood-based
  • Non-wood-based

Microcrystalline Cellulose Market By Region

  • Asia Pacific (APAC)
  • North America
  • Europe
  • Rest of The World (RoW)

Key Market Players
DowDuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (Finland), Roquette (France), DFE Pharma GmbH & Co.KG (Germany), JRS Pharma GmbH & Co.KG (Germany), Avantor Performance Materials Inc. (US), Gujarat Microwax Limited (India), Sigachi Industrial Pvt. Ltd. (India) and Huzhou City Linghu Xinwang Chemical Co., Ltd. (China)

DowDuPont is one of the prominent players in the MCC market. It offers high-grade MCC through its nutrition & biosciences business segment. The company has a strong global presence. The company has a strong market presence in North America and Europe. The company is focusing on the expansion of its business in emerging markets in Asia-Pacific and South American countries to increase its market presence. As a part of its growth strategy, the company is more inclined toward implementing the strategy of acquisition. The company acquired the health & nutrition business segment of FMC Corporation (US). The acquisition helped the company expand its capabilities in the pharma excipient space. The acquisition also benefitted the company in terms of gaining new ingredients for MCC.  

Recent Developments

  • In November 2017, DowDuPont (US) acquired the health & nutrition business segment of FMC Corporation (US). The acquisition helped the company expand its capabilities in the pharma excipient space. The acquisition also benefitted the company in terms of gaining new ingredients for MCC.
  • In September 2017, Roquette (France) acquired Itacel (Brazil). The acquisition helped the company reinforce its position in the MCC market and become a major supplier to the pharmaceutical industry.
  • In February 2017, Rayonier Advanced Materials (Finland) acquired Tembec Corporation (Canada). The acquisition helped the company diversify its business operations and serve the large customer base.
  • In March 2015, DFE Pharma GmbH & Co.KG (Germany) signed a distribution agreement with DKSH Management Ltd. (Switzerland), for the distribution of its products in eight European countries, namely, France, Switzerland, the UK, Ireland, Denmark, Finland, Norway, and Sweden. According to the agreement, DKSH has been appointed as the distributor for DFE's Pharma grade MCC, targeting the pharmaceutical industry.  
  • In August 2015, DFE Pharma GmbH & Co.KG (Germany) launched new MCC under the brand name Pharmacel 112. The MCC possesses low moisture content. It is specifically developed for pharmaceutical ingredients, which can be used in a wide variety of oral solid dosage form.

Critical questions the report answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the MCC market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
    1.1 Objectives of the Study 
    1.2 Market Definition  
    1.3 Market Scope  
           1.3.1 Years Considered For the Study
    1.4 Currency  
    1.5 Stakeholders  

2 Research Methodology  
    2.1 Research Data  
           2.1.1 Secondary Data 
                    2.1.1.1 Key Data From Secondary Sources 
           2.1.2 Primary Data 
                    2.1.2.1 Key Data From Primary Sources 
                    2.1.2.2 Key Industry Insights 
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation   
           2.2.1 Bottom-Up Approach  
           2.2.2 Top-Down Approach 
    2.3 Data Triangulation  
    2.4 Research Assumptions . 
    2.5 Limitations  

3 Executive Summary  

4 Premium Insights  
    4.1 Attractive Opportunities in the MCC Market  
    4.2 MCC Market, By Source Type   
    4.3 MCC Market, By Application and Region  
    4.4 MCC Market, By Country 

5 Market Overview  
    5.1 Introduction  
           5.1.1 Drivers 
                    5.1.1.1 Growing Pharmaceutical Industry is Driving the MCC Market 
                    5.1.1.2 Increasing Acceptance of MCC as A Pharmaceutical Excipient 
                    5.1.1.3 Increase in Demand For MCC Due to Growth in the Processed Food Industry .
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™ 
           5.1.2 Restraints
                    5.1.2.1 Availability of Substitutes For Specific Food & Beverage and Pharmaceutical Applications 
           5.1.3 Opportunities . 31 
                    5.1.3.1 Increasing Demand From Emerging Economies 
                    5.1.3.2 Growth in Non-Wood-Based MCC 
           5.1.4 Challenges 
                    5.1.4.1 to Produce Low-Cost MCC 
    5.2 Value Chain Analysis  
    5.3 Porter’s Five Forces Analysis  
           5.3.1 Threat of New Entrants 
           5.3.2 Threat of Substitutes 
           5.3.3 Bargaining Power of Suppliers 
           5.3.4 Bargaining Power of Buyers 
           5.3.5 Intensity of Competitive Rivalry 

6 MCC Market, By Source Type  
    6.1 Introduction  
    6.2 Wood Based  
    6.3 Non-Wood Based  

7 MCC Market, By Application  
    7.1 Introduction  
    7.2 Food & Beverage  
    7.3 Pharmaceutical  
    7.4 Cosmetics & Personal Care  
    7.5 Others  

8 Regional Analysis 
    8.1 Introduction  
    8.2 North America  
           8.2.1 By Application.
           8.2.2 By Source Type 
           8.2.3 By Country 
                    8.2.3.1 US  
                    8.2.3.2 Canada . 54 
                    8.2.3.3 Rest of North America 
    8.3 Europe  
           8.3.1 By Application. 
           8.3.2 By Source Type  
           8.3.3 By Country 
                    8.3.3.1 Germany  
                    8.3.3.2 France
                    8.3.3.3 Italy 
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™ 
                    8.3.3.3 Italy  
                    8.3.3.4 UK 
                    8.3.3.5 Switzerland  
                    8.3.3.6 Spain 
                    8.3.3.7 Rest of Europe  
    8.4 APAC 
           8.4.1 By Application. 
           8.4.2 By Source Type   
           8.4.3 By Country 
                    8.4.3.1 China
                    8.4.3.2 India 
                    8.4.3.3 Japan 
                    8.4.3.4 Rest of APAC 
    8.5 Rest of the World (RoW) 
           8.5.1 By Application
           8.5.2 By Source Type 
           8.5.3 By Country 
                    8.5.3.1 Brazil 
                    8.5.3.2 Rest of RoW 

9 Competitive Landscape  
    9.1 Introduction  
    9.2 Key Growth Strategies  
           9.2.1 New Product Developments/Launches 
           9.2.2 Expansions
           9.2.3 Acquisitions 
           9.2.4 Agreements, Partnerships, Joint Ventures, Acquisitions, and Collaborations 

10 Company Profiles  
     10.1 Dupont   
             10.1.1 Business Overview  
             10.1.2 Products Offered
             10.1.3 Recent Developments 
             10.1.4 SWOT Analysis 
             10.1.5 MnM View 
     10.2 Asahi Kasei Chemicals Corporation  
             10.2.1 Business Overview 
             10.2.2 Products Offered 
             10.2.3 Recent Developments 
             10.2.4 SWOT Analysis 
             10.2.5 MnM View .
     10.3 Rayonier Advanced Materials   
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™ 
     10.3 Rayonier Advanced Materials  
             10.3.1 Business Overview 
             10.3.2 Products Offered
             10.3.3 Recent Developments 
             10.3.4 SWOT Analysis
             10.3.5 MnM View
     10.4 Roquette  
             10.4.1 Business Overview 
             10.4.2 Products Offered
             10.4.3 Recent Developments  
             10.4.4 SWOT Analysis . 
             10.4.5 MnM View  
     10.5 DFE Pharma GmbH & Co.KG  
             10.5.1 Business Overview 
             10.5.2 Products Offered
             10.5.3 Recent Developments  
             10.5.4 SWOT Analysis 
             10.5.5 MnM View 
     10.6 JRS Pharma GmbH & Co. Kg  
             10.6.1 Business Overview 
             10.6.2 Products Offered 
             10.6.3 Recent Developments  
             10.6.4 MnM View 
     10.7 Avantor Performance Materials Inc 
             10.7.1 Business Overview 
             10.7.2 Products Offered
             10.7.3 MnM View 
     10.8 Gujarat Microwax Limited 
             10.8.1 Business Overview 
             10.8.2 Products Offered 
             10.8.3 MnM View  
     10.9 Sigachi Industrial Pvt. Ltd.  
             10.9.1 Business Overview 
             10.9.2 Products Offered
             10.9.3 MnM View  
     10.10 Huzhou City Linghu Xinwang Chemical Co., Ltd   
             10.10.1 Business Overview 
             10.10.2 Products Offered.
             10.10.3 MnM View  
     10.11 Other Companies 
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™ 
     10.11 Other Companies  
             10.11.1 Accent Microcell Pvt. Ltd 
             10.11.2 Anhui Sunhere Pharmaceutical Excipients Co., Ltd 
             10.11.3 Ranq Remedies Pvt. Ltd 
             10.11.4 Mingtai Chemical Co., Ltd  
             10.11.5 Foodchem International Corporation 
             10.11.6 Quadra Ingredients
             10.11.7 Shandong Guanda Technology 
             10.11.8 Juku Orchem Private Limited 
             10.11.9 Maple Biotech Pvt Ltd
             10.11.10 Huzhou Zhanwang Pharmaceutical Co., Ltd 

11 Appendix 
     11.1 Discussion Guide   
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal  
     11.3 Available Customizations  
     11.4 Related Reports  
     11.5 Author Details   
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™ 


List of Tables (79 Tables)

Table 1 MCC Market Size, 2016–2023 24
Table 2 MCC Market Size, By Source Type, 2017–2024 (Kiloton)
Table 3 MCC Market Size, By Source Type, 2017–2024 (USD Million)
Table 4 Wood-Based MCC Market Size, By Region, 2017–2024 (Kiloton)
Table 5 Wood-Based MCC Market Size, By Region, 2017–2024 (USD Million) 
Table 6 Non-Wood-Based MCC Market Size, By Region, 2017–2024 (Kiloton) 
Table 7 Non-Wood-Based MCC Market Size, By Region, 2017–2024 (USD Million)
Table 8 MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 9 MCC Market Size, By Application, 2017–2024 (USD Million)
Table 10 MCC Market Size in Food & Beverage Application, By Region, 2017–2024 (Kiloton)
Table 11 MCC Market Size in Food & Beverage Application, By Region, 2017–2024 (USD Million)
Table 12 MCC Market Size in Pharmaceutical Application, By Region, 2017–2024 (Kiloton)
Table 13 MCC Market Size in Pharmaceutical Application, By Region, 2017–2024 (USD Million)
Table 14 MCC Market Size in Cosmetics & Personal Care Application, By Region, 2017–2024 (Kiloton)
Table 15 MCC Market Size in Cosmetics & Personal Care Application, By Region, 2017–2024 (USD Million)
Table 16 MCC Market Size in Other Applications, By Region, 2017–2024 (Kiloton)
Table 17 MCC Market Size in Other Applications, By Region, 2017–2024 (USD Million)
Table 18 MCC Market Size, By Region, 2017–2024 (Kiloton)
Table 19 MCC Market Size, By Region, 2017–2024 (USD Million) 
Table 20 North America: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 21 North America: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 22 North America: MCC Market Size, By Source Type, 2017–2024 (Kiloton)
Table 23 North America: MCC Market Size, By Source Type, 2017–2024 (USD Million) 
Table 24 North America: MCC Market Size, By Country, 2017–2024 (Kiloton) 
Table 25 North America: MCC Market Size, By Country, 2017–2024 (USD Million) 
Table 26 US: MCC Market Size, By Application, 2013–2020 (Kiloton)
Table 27 US: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 28 Canada: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 29 Canada: MCC Market Size, By Application, 2017–2024 (USD Million) 
Table 30 Rest of North America: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 31 Rest of North America: MCC Market Size, By Application, 2017–2024 (USD Million) 
Table 32 Europe: MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 33 Europe: MCC Market Size, By Application, 2017–2024 (USD Million) 
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™
Table 34 Europe: MCC Market Size, By Source Type, 2017–2024 (Kiloton)
Table 35 Europe: MCC Market Size, By Source Type, 2017–2024 (USD Million)
Table 36 Europe: MCC Market Size, By Country, 2017–2024 (Kiloton) 
Table 37 Europe: MCC Market Size, By Country, 2017–2024 (USD Million)
Table 38 Germany: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 39 Germany: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 40 France: MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 41 France: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 42 Italy: MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 43 Italy: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 44 UK: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 45 UK: MCC Market Size, By Application, 2013–2020 (USD Million)
Table 46 Switzerland: MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 47 Switzerland: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 48 Spain: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 49 Spain: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 50 Rest of Europe: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 51 Rest of Europe: MCC Market Size, By Application, 2017–2024 (USD Million) 
Table 52 APAC: MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 53 APAC: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 54 APAC: MCC Market Size, By Source Type, 2017–2024 (Kiloton)
Table 55 APAC: MCC Market Size, By Source Type, 2017–2024 (USD Million)
Table 56 APAC: MCC Market Size, By Country, 2017–2024 (Kiloton) 
Table 57 APAC: MCC Market Size, By Country, 2017–2024 (USD Million)
Table 58 China: MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 59 China: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 60 India: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 61 India: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 62 Japan: MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 63 Japan: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 64 Rest of APAC: MCC Market Size, By Application, 2017–2024 (Kiloton) 
Table 65 Rest of APAC: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 66 RoW: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 67 RoW: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 68 RoW: MCC Market Size, By Source Type, 2017–2024 (Kiloton)
Table 69 RoW: MCC Market Size, By Source Type, 2017–2024 (USD Million)
Table 70 RoW: MCC Market Size, By Country, 2017–2024 (Kiloton)
Table 71 RoW: MCC Market Size, By Country, 2017–2024 (USD Million) 
Table 72 Brazil: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 73 Brazil: MCC Market Size, By Application, 2017–2024 (USD Million) 
Table 74 Rest of RoW: MCC Market Size, By Application, 2017–2024 (Kiloton)
Table 75 Rest of RoW: MCC Market Size, By Application, 2017–2024 (USD Million)
Table 76 New Product Developments, 2014–2019 
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™
Table 77 Expansions, 2014
Table 78 Acquisitions, 2017
Table 79 Agreements, Partnerships, Joint Ventures, Acquisitions, and Collaborations, 2014–2019
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™


List of Figures (32 Figures)

Figure 1 MCC: Market Segmentation 
Figure 2 MCC Market: Research Design 
Figure 3 Market Size Estimation: Bottom-Up Approach 
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 MCC Market: Data Triangulation
Figure 6 Pharmaceutical Application to Drive the MCC Market Between 2018 & 2023
Figure 7 Non-Wood-Based MCC Market to Witness the Highest Growth Between 2019 and 2024
Figure 8 APAC to Witness the Highest Growth Between 2019 and 2024 
Figure 9 Growth Opportunities in Emerging Economies Between 2019 and 2024 
Figure 10 Wood-Based MCC to Lead the Overall MCC Market Between 2019 and 2024 
Figure 11 APAC Led the MCC Market in 2017 
Figure 12 The MCC Market in China to Register the Highest Cagr
Figure 13 Overview of the Factors Governing the MCC Market
Figure 14 Value Chain Analysis For MCC 
Figure 15 MCC Market: Porter’s Five Forces Analysis
Figure 16 Wood to Be the Larger Raw Material Source Type For MCC
Figure 17 APAC to Be the Fastest Growing in the Wood-Based MCC Market
Figure 18 Pharmaceutical to Be the Leading Application of MCC
Figure 19 Europe to Dominate the MCC Market in Food & Beverage Application
Figure 20 APAC to Drive the MCC Market Between 2019 and 2024 
Figure 21 North America: MCC Market Snapshot 
Figure 22 Europe: MCC Market Snapshot
Figure 23 APAC: MCC Market Snapshot 
Figure 24 Companies Adopted Acquisition as the Key Growth Strategy Between 2014 and 2019
Figure 25 Dupont: Company Snapshot
Figure 26 Dupont: SWOT Analysis 
Figure 27 Asahi Kasei Chemicals Corporation: Company Snapshot
Figure 28 Asahi Kasei Chemicals Corporation: SWOT Analysis
Figure 29 Rayonier Advanced Materials: Company Snapshot
Figure 30 Rayonier Advanced Materials: SWOT Analysis 
Figure 31 Roquette: SWOT Analysis
Figure 32 DFE Pharma GmbH & Co.KG: SWOT Analysis
Microcrystalline Cellulose Market - Global Forecast to 2024 August 2018 © Marketsandmarkets™

The study involved two major activities in estimating the current size of the microcrystalline cellulose (MCC) market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine market segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The MCC market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of mainly the transportation, wind energy, aerospace & defense, construction & infrastructure end-use industries. Advancements in technology and diverse applications in various end-use industries describe the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Microcrystalline Cellulose Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total MCC market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size included the following steps:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall MCC market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. In order to complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the transportation, wind energy, aerospace & defense, construction & infrastructure end-use industries.

Report Objectives

  • To define, describe, and forecast the size of the MCC market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the market based on source type, application, and end-use industry
  • To analyze and project the market size based on four regions, namely, Europe, North America, APAC, and RoW
  • To strategically analyze micro markets concerning individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which offers a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the APAC MCC market
  • Further breakdown of the North American MCC market
  • Further breakdown of the European MCC market
  • Further breakdown of the RoW MCC market

Company Information

  • Detailed analysis and profiles of additional ten market players
Report Code
CH 3725
Published ON
Dec, 2019
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