Dublin, Feb. 22, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/njv5w3/microcrystalline) has announced the addition of the "Microcrystalline Cellulose Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others), by Raw Material Source (Wood based and Non-Wood based) and by Region - Trends & Forecasts to 2020" report to their offering.
The global microcrystalline cellulose (MCC) market size, in terms of value, is expected to reach around USD 1,080 Million by 2020.
The MCC market has witnessed strong growth in the past few years on account of high demand from end use industries in the U.S., Germany, France, China, and India. MCC is gaining importance in the pharmaceutical sector and is growing at a rapid pace. The emphasis of the market players will be on reduction of production cost, which will increase the demand for MCC globally.
The global MCC market has been segmented on the basis of source type, application, and geography. The application segment is divided into pharmaceutical, food & beverage, cosmetics & personal care, and others. In terms of value, pharmaceutical application is the leading segment, witnessing the highest CAGR of 7.9% between 2015 and 2020.
The global MCC market is primarily driven by the increase in the demand of MCC in the processed food industry and the growing pharmaceutical industry. High growth for MCC is observed in growing economies such as China, India, and other due to the growing pharmaceutical industry. Also, the cosmetics & personal care industry contributes significantly to the MCC market.
The major players operational in the global MCC market are FMC Corporation (U.S.), Asahi Kasei Corporation (Japan), DuPont (U.S.), DFE Pharma (Germany), Tembec Inc. (Canada), Mingtai Chemical Co. Ltd. (Taiwan), JRS Pharma (Germany), Avantor Performance Materials (U.S.), and others. These companies have adopted various strategies, such as expansion and agreement & partnership, among others to achieve growth in the global MCC market.
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
- Asahi Kasei Corporation
- Avantor Performance Materials, Inc
- Blanver Farmoquimica Ltda
- DFE Pharma
- E.I. Du Pont De Nemours and Companies
- FMC Corporation
- JRS Pharma
- Juku Orchem Private Limited
- Mingtai Chemical Co.,Ltd
- Pharmatrans-Sanaq AG
- Sigachi Industrial Pvt.Ltd
- Tembec Inc.
For more information visit http://www.researchandmarkets.com/research/njv5w3/microcrystalline