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Microcrystalline Cellulose Market Size is projected to reach USD 2.04 Billion by 2031, growing at a CAGR of 6.7%: Straits Research

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New York, United States, Feb. 02, 2023 (GLOBE NEWSWIRE) — Alpha-cellulose is treated with mineral acids to remove impurities and partially depolymerize it, yielding microcrystalline cellulose (MCC). Particle size is typically less than 5 m, and polymerization generally is less than 400 degrees for around 10% of the material. The MCC powder is white and crystalline; its porous particles have no discernible aroma or taste. It takes in atmospheric moisture but doesn’t dissolve in liquid water. MCC can replace carboxymethyl cellulose in plaque assays and is more effective than sucrose as a matrix former during freeze-drying. Many industries have found uses for MCC, including the pharmaceutical, food and beverage, and beauty and personal care sectors.

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Growing Pharmaceutical Industry Drives the Global Market

MCC is used as a stabilizer, binder, film former, suspension agent, and disintegrant in tablet formulations, ointments, and other topical therapeutic bases in the pharmaceutical industry. MCC is a vital and ubiquitous excipient in the pharmaceutical industry. It’s used extensively in the pharmaceutical industry as a solvent and binder. As the pharmaceutical market grows, it provides additional momentum to the global MCC market. It’s used in various pills, capsules, sachet, and other pharmaceutical packages. Increased demand for MCC is forecasted in emerging markets such as China, Brazil, and India.

Growth in Non-Wood-Based MCC Creates Tremendous Opportunities

Currently, wood pulp is used to create MCC. Manufacturing low-cost MCC from wood is a significant challenge. The ecological impact of MCC made from non-wood sources, such as agricultural waste, is much more minor or non-existent when compared to MCC made from trees. Innovative manufacturing processes are being developed to create MCC from sources other than wood. The price of non-wood sources is also lower than that of wood ones. It means that the total production cost and selling price of MCC made from a material other than wood are lower. The declining cost of MCC is expected to boost demand for the product across various end-uses, ultimately leading to a larger global MCC market.

Report Scope

Report Metric Details
Market Size USD 2.04 Billion by 2031
CAGR 6.7%
Historical Data 2020-2021
Base Year 2022
Forecast Period 2023-2031
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Raw Material, Applications, Regions
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors DuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), DFE Pharma GmbH and Co.KG (Germany), FMC Corporation (U.S.), Accent Microcell Pvt. Ltd. (India), Sigachi Industries Pvt. Ltd. (India), and Ming Tai Chemical Co. Ltd. (U.S.).
Key Market Opportunities Growth in Non-Wood-Based MCC
Key Market Drivers Growing Pharmaceutical Industry

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Regional Analysis

Europe is the most significant shareholder in the global microcrystalline cellulose market and is expected to grow during the forecast period. Research and development expenditures, investments in clinical trials, drug development, and the dogged efforts of pharmaceutical companies to provide patients with cutting-edge medicines are all on the rise in Europe. Demand for healthy foods has increased as consumers become more health conscious. Because of the rising demand for pharmaceuticals and the increased scale of their production, MCC is becoming more critical as a business. MCC is commonly used as a diluent or binder in the pharmaceutical industry to create oral tablets and capsules through the direct-compression or wet-granulation processes.

Asia-Pacific is expected to grow during the forecast period. The low price of labor and raw materials, especially in developing countries like China and India, has aided the growth of the microcrystalline cellulose market. The proliferation of active lifestyles, shifting consumption patterns, and increasing levels of personal disposable income all contribute to the increased demand for packaged, processed, ready-to-eat, and ready-to-cook food, increasing demand for MCC. Increased use of 3D printing using biodegradable bio-composites and reinforced polylactic acid is also contributing to the industry’s growth. The substantial local population and steady technological advancements have played vital roles in this growth. Asia-Pacific is the region with the highest demand for cosmetics overall and the highest demand for luxury brands.

The personal care and cosmetics industry in the United States is poised to grow due to consumers’ increasing demand for items formulated with natural, plant-based ingredients. A growing number of American consumers are realizing the risks associated with the regular application of harsh cosmetics and personal care products. It’s also added to cosmetics to give foundation, concealer, and blotting powder a matte finish. Growth in the market is expected to be led by the sales of international cosmetics brands in the country over the forecast horizon. With the economy improving and the number of people with jobs on the rise, the processed food industry is booming, and with it, the MCC market.

As people become more health-conscious and alter their diets, there has been an increase in the demand for wholesome foods. Because of the rising demand for pharmaceuticals and the increased scale of their production, MCC is becoming more critical as a business. Markets in countries like Colombia, Brazil, Argentina, Chile, and Peru have a lot of untapped potentials, making for promising expansion opportunities. The primary forces driving the pharmaceutical market are the rising cost of research and development and the persistent efforts of pharmaceutical companies to provide high-quality goods.

Key Highlights

  • The global microcrystalline cellulose market size is projected to reach USD 2044.66 million by 2031, growing at a CAGR of 6.7% during the forecast period (2023–2031).
  • Based on raw material, the global microcrystalline cellulose market is bifurcated into wood-based and non-wood based. The non-wood based segment is the highest contributor to the market and is expected to grow during the forecast period.
  • Based on application, the global microcrystalline cellulose market is bifurcated into pharmaceuticals, food and beverage, and personal care and cosmetics. The pharmaceutical segment is the highest contributor to the market and is expected to grow during the forecast period.
  • Europe is the most significant shareholder in the global microcrystalline cellulose market and is expected to grow during the forecast period. 

The global microcrystalline cellulose market’s major key players are

  • DuPont
  • Asahi Kasei Chemicals Corporation
  • Rayonier Advanced Materials
  • Roquette
  • DFE Pharma GmbH and Co.KG
  • FMC Corporation
  • Accent Microcell Pvt. Ltd
  • Sigachi Industries Pvt. Ltd
  • Ming Tai Chemical Co. Ltd.

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Global Microcrystalline Cellulose Market: Segmentation

By Raw Material

  • Wood-Based
  • Non-Wood Based

By Applications

  • Pharmaceutical
  • Food and Beverage
  • Personal Care and Cosmetics

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

TABLE OF CONTENT

  1. Introduction
    1. Market Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Microcrystalline Cellulose Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Raw Material Overview
    1. Introduction
      1. Market Size & Forecast
    2. Wood-Based
      1. Market Size & Forecast
    3. Non-Wood Based
      1. Market Size & Forecast
  5. Application Overview
    1. Introduction
      1. Market Size & Forecast
    2. Food and Beverage
      1. Market Size & Forecast
    3. Personal Care and Cosmetics
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Raw Material
        2. By Application
      3. Canada
        1. By Raw Material
        2. By Application
      4. Mexico
        1. By Raw Material
        2. By Application
      5. Latin America
        1. By Raw Material
        2. By Application
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Raw Material
        2. By Application
      3. France
        1. By Raw Material
        2. By Application
      4. U.K.
        1. By Raw Material
        2. By Application
      5. Italy
        1. By Raw Material
        2. By Application
      6. Spain
        1. By Raw Material
        2. By Application
      7. Rest of Europe
        1. By Raw Material
        2. By Application
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Raw Material
        2. By Application
      3. China
        1. By Raw Material
        2. By Application
      4. Australia
        1. By Raw Material
        2. By Application
      5. India
        1. By Raw Material
        2. By Application
      6. South Korea
        1. By Raw Material
        2. By Application
      7. Rest of Asia-Pacific
        1. By Raw Material
        2. By Application
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Raw Material
        2. By Application
      3. South Africa
        1. By Raw Material
        2. By Application
      4. Kuwait
        1. By Raw Material
        2. By Application
      5. Rest of Middle East & Africa
        1. By Raw Material
        2. By Application
  7. Company Profile
    1. DuPont
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Asahi Kasei Chemicals Corporation
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. Rayonier Advanced Materials
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/microcrystalline-cellulose-market/toc

Market News

  • In June 2022, Bionova Scientific, LLC, a provider of contract process development services and Good Manufacturing Practice (GMP)-compliant contract manufacturing services to biopharmaceutical companies, was acquired by Asahi Kasei Medical.
  • In June 2022, Alchemedicine and Asahi Kasei Pharma Sign Exclusive License Agreement for Selective Endothelin A Receptor Antagonist.

News Media

Global Nitrocellulose Market Grows Steadily at a CAGR of 5.5%

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About Straits Research Pvt. Ltd.

Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

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Artificial Intelligence

Zetrix and Beitou Launch Digital ID & Driver’s Licence Services on Blockchain

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Service is the first global W3C-compliant Verifiable Credential implementation and will be initially used by China domestic users travelling abroad
KUALA LUMPUR, Malaysia, Dec. 10, 2023 /PRNewswire/ — Zetrix, a layer 1 public blockchain platform, today announced the launch of its groundbreaking Digital Credentials platform, ushering in a new era of secure, convenient, and interoperable credentials verification. This innovative solution addresses the challenges of traditional paper-based credentials, offering a range of benefits that will transform the way individuals, organisations, and governments interact in the digital realm.

The launch marks the commercialisation of the collaboration announced on 18th September 2023 between Malaysia’s MY E.G. Services Berhad and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd (“Beitou”), the IT arm of Guangxi Beibu Gulf Investment Group listed as one of China’s Top 500 enterprises.
The launch was held on 9th December 2023 at Ritz-Carlton Hotel Kuala Lumpur and officiated by Malaysia’s Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Hamidi.
The service initially will be offered to domestic China nationals who can choose to digitise their National ID or driving licence as a Verifiable Credential (“VC”) on Xinghuo International, the international gateway for China’s national Public Blockchain. Through Zetrix, which is integrated with Xinghuo, the National ID or driving licence VC can then be presented abroad to be authenticated by any verifier wishing to verify the relevant identity or driving licence data according to their needs.
Beitou IT’s integration to China’s nationwide police and transport department databases ensures seamless authentication and digitisation of the documents into VCs.
Furthermore, in view of the immutability of blockchain, verifiers will have the assurance of knowing that the VCs and all data contained in the document are true and genuine.
It is foreseen that besides IDs and driving licences, other important credential documents held by individuals or businesses would also be digitised as VCs in the near future. 
Enhancing Security and Combating Breach of Data
The use of digital credentials, with the initial pilot of driving licences based on blockchain technology will significantly enhance security and combat counterfeiting of electronic licences. By leveraging on the Self Sovereign Identity (“SSI”) framework, Zetrix’s Digital Credentials platform enables the real time verification of documents digitised as Verifiable Credentials, providing a robust defence against fraud and forgery.
“In addition to ensuring authenticity, documents digitised as Verifiable Credentials offer the ability for selective disclosure or confirmation of data. For instance, document holders can have their age or their home location verified without actually having to provide their date of birth or full address. This is extremely useful as it protects raw user data from being shared unless absolutely necessary, thus reducing the possibilities of cyber attacks,” explained TS Wong, founder of Zetrix.
Lai Shuiping, Chairman of the Board of Guangxi Beitou IT Innovation Investment Group Co.,Ltd, Lai Shuiping, said: “The China-ASEAN digital driving license cross-border verification platform is jointly developed by Beitou IT and MYEG. The platform will continue to expand into providing more convenient services for communication between citizens of China and ASEAN countries, and promote economic development across the entire region.”
“In future, Beitou IT will further strengthen cooperation with Malaysian enterprises in the field of transportation digitalisation, and promote continuous improvement of intelligent transportation in ASEAN countries,” Lai added.
Multi-Chain e-Wallet for International Travelers
Zetrix’s Digital Credentials platform also leverages a multi-chain e-wallet that is able to store Zetrix’s native tokens as well as VCs from Xinghuo International and Ethereum. This feature facilitates seamless cross chain transactions and simplifies identity and document verification across multiple scenarios, enhancing the experience for travelling individuals.
The digital credentials service exemplifies the World Wide Web Consortium (W3C) standards of Verifiable Credentials and Decentralised Identifiers as Self-Sovereign Identity. This will be a key catalyst to enable a greater interoperability across blockchains and decentralised applications.
About Zetrix
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
About Guangxi Beitou IT Innovation Technology Investment Group Co Ltd 
Guangxi Beitou IT Innovation Investment Group Co. (Beitou IT) stands as a wholly owned subsidiary of Beibu Gulf Investment Group (Beitou Group), boasting total assets exceeding 300 billion RMB. Established in October 2020 with a registered capital of 1 billion RMB, Beitou IT has emerged as the foremost digital company in Southwest China. Beitou IT strategically concentrates on four primary business domains: ITAI project implementation and operation, IT product R&D, integration and sales, and the development of New Infrastructure. Over the past three years, Beitou IT has successfully undertaken numerous government and enterprise-level projects encompassing digital government, digital transportation, digital port, smart court, and enterprise digitalization.
With a workforce exceeding 400 employees, Beitou IT houses a team of hardware and software engineers, where over 50% hold master’s degrees from esteemed universities. The team includes 2 State Council-subsidized experts, numerous district industrial authorized experts, and a Fin-Tech expert from the ‘Hong Kong, Macao, and Taiwan Talent Project.’ This robust talent pool positions Beitou IT as one of the rare state-owned digital companies capable of independent R&D.
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Artificial Intelligence

Sustainability Empowerment, Brand Upgrade VIVOTEK among Taiwan’s Best Global Brands

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TAIPEI, Dec. 10, 2023 /PRNewswire/ — VIVOTEK (3454TW), the global leading IP surveillance solution provider, has been selected to the Best Taiwan Global Brands, and consistently earned market recognition. The three development engines of operational excellence, comprehensive brand management, and active promotion of sustainable actions, have elevated the brand above competition to display outstanding brand value.

Best Taiwan Global Brands is organized by the Industrial Development Bureau, MOEA, and valuation is carried out by Interbrand, a global authority on brand valuation; this year, ESG was also included as key standards of valuation. In 2022, VIVOTEK set a record high in revenue with annual consolidated revenue reaching USD $332 million, achieving a growth rate of 82% compared to the same period in 2021. In addition to displaying operational strengths, VIVOTEK also advocated several sustainable actions, while also encouraging its employees to practice environmental protection both at work and in daily life, further earning the approval of the organizer.
“Being selected to Taiwan’s Best Global Brands is a recognition of the company’s strengths,” pointed out Allen Hsieh, VIVOTEK Spokesperson and Director of Global Marketing Division. “Brand power is not just manifested through the technical aspect of products, but also through the CSR aspect. By embedding ESG into our brand’s DNA, we not only adopt sustainable thinking, but also create a differentiated brand image. In the future, VIVOTEK will continue to empower our brand through ESG, while also constantly promoting smart and green innovations of security and protection technology, steering the brand towards greater value of sustainable development.”
Evolution of the brand is the firm starting point of VIVOTEK’s brand management. Through redefining identity and slogan, “We Get The Picture,” VIVOTEK breaks the limitations of the industry to redefine its brand value, establishing its unique status within the security and protection industry. By grasping the opportunity of technical innovation, VIVOTEK combines its hardware advantage and software capability to expand its deployment of security and protection solutions, becoming a leading solution provider, while also actively exploring the market of AI security and protection, such as: successfully launching innovative VORTEX smart cloud surveillance service that focuses on customer needs and accumulating many successful cases around the world. Recently, VIVOTEK was ranked number 12 among a&s Security 50, reaching the highest spot ever, and this is the very manifestation of the brand’s continued improvement of brand competitiveness.
VIVOTEK is a leading surveillance brand that strives for sustainability and began deploying ESG strategy many years ago. Key measures include voluntary publication of sustainability report for six consecutive years, participation in the RE100 global corporate renewable energy initiative, and promotion of renewable energy applications. More recently, VIVOTEK has incorporated the principle of sustainability into its product box design, reutilizing packaging of its products to create eco-friendly smartphone holders. This marks the first time the brand’s innovative sustainability principle has been extended through its products. VIVOTEK also plans to launch a product carbon footprint project in 2024 to facilitate formulation of comprehensive carbon reduction strategy, further strengthening brand development and upgrading sustainable operations.
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Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research

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BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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