Microcrystalline Cellulose Market Size (2024 - 2029)

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).