DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "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 2023" report has been added to ResearchAndMarkets.com's offering.

The market size of microcrystalline cellulose (MCC) is estimated at USD 885.1 million in 2018 and is projected to reach USD 1,241.4 million by 2023, at a CAGR of 7.0% between 2018 and 2023.

MCC is widely used in pharmaceutical, food & beverage, and cosmetic & personal care applications. As it is chemically inert and not absorbed in the human body, it is widely used in the pharmaceutical and food & beverage applications as a thickener, stabilizer, binder, dispersant, and bulking & anti-caking agent.

The growth of the pharmaceutical application has also helped increase the demand for MCC as it is widely used in the form of excipient. Apart from this, the significant demand from the emerging economies is one of the major opportunities for the MCC market. However, availability of substitutes for specific food & beverage and pharmaceutical applications restrains the growth of the market.

Market DynamicsDrivers Growing Pharmaceutical Industry is Driving the MCC MarketIncreasing Acceptance of MCC as A Pharmaceutical ExcipientIncrease in Demand for MCC Due to Growth in the Processed Food Industry Restraints Availability of Substitutes for Specific Food & Beverage and Pharmaceutical Applications Opportunities Increasing Demand From Emerging EconomiesGrowth in Non-Wood-Based MCC Challenges Challenge to Produce Low-Cost MCC

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 MCC Market, By Source Type

7 MCC Market, By Application

8 Regional Analysis

9 Competitive Landscape

10 Company Profiles

DowDuPontAsahi Kasei Chemicals CorporationRayonier Advanced MaterialsRoquetteDFE Pharma GmbH & Co.KGJRS Pharma GmbH & Co. KGAvantor Performance Materials Inc.Gujarat Microwax LimitedSigachi Industrial Pvt. Ltd.Huzhou City Linghu Xinwang Chemical Co., LtdAccent Microcell Pvt. LtdAnhui Sunhere Pharmaceutical Excipients Co., LtdRanq Remedies Pvt. LtdMingtai Chemical Co., LtdFoodchem International CorporationQuadra IngredientsShandong Guanda TechnologyJuku Orchem Private LimitedMaple Biotech Pvt LtdHuzhou Zhanwang Pharmaceutical Co., LtdFor more information about this report visit https://www.researchandmarkets.com/research/5c9xrp/microcrystalline?w=4

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Related Topics:Pulp and Paper,Pharmaceutical Intermediates

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/07/2018 05:22 AM/DISC: 09/07/2018 05:22 AM

http://www.businesswire.com/news/home/20180907005119/en