Microcrystalline Cellulose Market 2022 Development Status, Competition Analysis, Type and Application 2028

-

 The global demand for microcrystalline cellulose (MCC), as in line with a currently concluded market examine via destiny marketplace Insights (FMI), is projected to develop at a slight price of four.5 percentage, in 2019. The worldwide quantity income of microcrystalline cellulose is projected to reach approximately 139,899 tons in 2019, generating a revenue of approximately US$ 537.7 Million, for the duration of the equal length.

The outlook for worldwide microcrystalline cellulose market is expected to stay high quality with accelerated business application in a number of quit-use industries, mainly food and drinks industry given the transferring purchaser desire towards healthy and fibrous food.

This has led to the introduction and usage of innovative non-wood-based alternatives made from agricultural waste, thereby augmenting the growth of the market. Backed by the aforementioned factors, the market is projected to expand at a steady 4.7% CAGR, topping US$ 818 Mn in 2028.

The global microcrystalline cellulose market showcases a moderately fragmented landscape, with tier-1 companies including DowDupont Inc., and Asahi Kasei Corporation showing dominance over approximately 45–50 percent market share. The local, tier-3 manufacturers of microcrystalline cellulose such as Mingtai Chemical Co., Ltd., Accent Microcell Pvt. Ltd, and Sigachi Industries Pvt. Ltd account to nearly 30–35 percent market share, having a relatively stronger hold on the regional geographies, compared to tier-2 manufactures — holding about 10–15 percent market share.

  • Key players and research institutions are focusing on improving the quality of the final product using environmental-friendly solvents.
  • Market participants are also investing production capacity expansion to meet the growing demand, amidst market consolidation efforts in the global microcrystalline cellulose landscape.
  • Players are also focusing on feasibility study and development of distribution networks and efficient supply chains in the microcrystalline cellulose market.

Why Buy FMI’s Report?

· Extensive analysis on high growth niche markets across major regions

· Detailed assessment on key segments and sub-segments

· Recent and upcoming strategies tracked of manufacturers for the Microcrystalline Cellulose market

· Reliable information on new product launches, technological advancements, and more

· Valuable insights on the impact of regulatory framework on the global Microcrystalline Cellulose market

Read Full Research@ https://www.futuremarketinsights.com/reports/microcrystalline-cellulose-market

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the ...
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. ...
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid ex...
Read more