Microcrystalline Cellulose Market Size (2024 - 2029)

The microcrystalline cellulose market is anticipated to experience significant growth, driven primarily by its demand in the pharmaceutical and cosmetics industries. The COVID-19 pandemic has notably impacted these sectors, with the pharmaceutical industry witnessing increased production needs, thereby boosting the market's expansion. Despite the high production costs posing a challenge, government support in the pharmaceutical sector is expected to further enhance market dynamics. The Asia-Pacific region is projected to dominate the market share, attributed to the increased manufacturing of pharmaceutical products in countries like India and China.

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Market Size of Microcrystalline Cellulose Industry

Microcrystalline Cellulose Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Microcrystalline Cellulose Market Major Players

*Disclaimer: Major Players sorted in no particular order

Microcrystalline Cellulose (MCC) Market Analysis

During the time frame of the forecast, the microcrystalline cellulose market is expected to register a CAGR of over 6%.

Pharmaceuticals and cosmetics are the major end-user industries of microcrystalline cellulose. The coronavirus (COVID-19) pandemic altered the face of the beauty industry. As a result of months of consumer lockdowns, international travel bans, and retail business closures, sales, purchases, and usage fell 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 around the world increased, thus increasing the demand for microcrystalline cellulose, which was used in the production of drugs. Furthermore, government support in various countries in the pharmaceutical sector is expected to positively influence the market studied.

  • In the short term, demand for the market under consideration is likely to be driven by the growing demand for microcrystalline cellulose from the pharmaceutical industry in major economies around the world.
  • On the other hand, the high costs of making microcrystalline cellulose are likely to slow the growth of the market that was studied.
  • With more pharmaceutical products being made in countries like India and China, the Asia-Pacific region is expected to have the largest share of the market.

Microcrystalline Cellulose (MCC) Industry Segmentation

Microcrystalline cellulose is a purified, partly depolymerized cellulose made by combining mineral acids with alpha-cellulose obtained as a pulp from fibrous plant content. Air, dilute acids, and most organic solvents are insoluble, although ethanol 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. The microcrystalline cellulose market is segmented by source, process, end-user industry, and geography. The market is divided into wood-based and non-wood-based products based on their source. By process, the market is segmented into reactive extrusion, enzyme-mediated, steam explosion, and acid hydrolysis. By end-user industry, the market is segmented into pharmaceutical, food, cosmetics, and other end-user industries. The report also covers the market size and forecasts for the microcrystalline cellulose market in 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).

Source
Wood-based
Non -wood-based
Process
Reactive Extrusion
Enzyme Mediated
Steam Explosion
Acid Hydrolysis
End-User Industry
Pharmaceutical
Food
Cosmetics
Other End-User Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Microcrystalline Cellulose Market Size Summary

The microcrystalline cellulose market is poised for significant growth, driven primarily by its extensive application in the pharmaceutical and cosmetics industries. The pharmaceutical sector, in particular, has seen a surge in demand for microcrystalline cellulose due to its role as a crucial excipient in drug formulation, offering properties such as compressibility and binding. The COVID-19 pandemic has further amplified this demand, as the need for pharmaceuticals increased globally. Government support in various countries is expected to bolster this trend, particularly in regions like Asia-Pacific, where countries such as China and India are ramping up pharmaceutical production. Despite the high production costs of microcrystalline cellulose posing a challenge, the market is anticipated to expand, with Asia-Pacific expected to hold a dominant position due to its robust pharmaceutical and cosmetics industries.

The Asia-Pacific region is set to lead the microcrystalline cellulose market, supported by the burgeoning pharmaceutical and cosmetics sectors in China and India. China's pharmaceutical industry, the second largest globally, benefits from substantial domestic demand and a strong production base for active pharmaceutical ingredients (APIs). Similarly, India's pharmaceutical market is rapidly growing, with a significant share of generic drug production. The region's market growth is further supported by the presence of major microcrystalline cellulose producers and the dynamic beauty market in South Korea. The market remains fragmented, with key players like DuPont, Sigachi Industries, and DFE Pharma leading the charge. Recent strategic moves, such as DFE Pharma's partnership with Azelis and the launch of new products, indicate ongoing innovation and expansion within the market.

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Microcrystalline Cellulose Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for Microcrystalline Cellulose from Pharmaceutical Industry

    2. 1.2 Restraints

      1. 1.2.1 High Manufacturing and Production Cost

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

    5. 1.5 Process Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Source

      1. 2.1.1 Wood-based

      2. 2.1.2 Non -wood-based

    2. 2.2 Process

      1. 2.2.1 Reactive Extrusion

      2. 2.2.2 Enzyme Mediated

      3. 2.2.3 Steam Explosion

      4. 2.2.4 Acid Hydrolysis

    3. 2.3 End-User Industry

      1. 2.3.1 Pharmaceutical

      2. 2.3.2 Food

      3. 2.3.3 Cosmetics

      4. 2.3.4 Other End-User Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Microcrystalline Cellulose Market Size FAQs

The Microcrystalline Cellulose Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

DuPont, Chemfield Cellulose, Accent Microcell , Sigachi Industries Limited and DFE Pharma are the major companies operating in the Microcrystalline Cellulose Market.

Microcrystalline Cellulose Market Report Snapshots

Microcrystalline Cellulose Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)