Press Release

Microcrystalline cellulose is a functional fibre polymer that is utilised as an emulsion stabiliser, shear thinning agent, and suspension aid in a variety of pharma, food, and industrial applications such as coatings, paints, and inks. ChemPoint.com Inc., a subsidiary of Univar Solutions, is promoting its LATTICE® microcrystalline cellulose, a functional fibre polymer used in the production of paints and coatings. Competitors in the microcrystalline cellulose market are following suit, leveraging incremental potential in water-based paints that enable uniform application, film coalescence, and substrate adhesion.

                           Request Free Sample To Learn More About This Report

The COVID-19 outbreak has had a significant impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, business and manufacturing units in various countries have been closed, and they are expected to remain closed in 2021. Furthermore, the worldwide supply chain has been affected by partial or complete lockdown, making it difficult for manufacturers to contact customers. The COVID-19 pandemic is wreaking havoc on society and the global economy. The impact of this pandemic is expanding by the day, and it is harming worldwide business. The crisis is causing stock market uncertainty, which is leading to a drop in corporate confidence, a major slowdown in supply chains, and an increase in panic among customer segments.

Personal care items are assisting microcrystalline cellulose companies in diversifying their revenue streams. Manufacturers are adopting technology to boost microcrystalline cellulose in personal care products such as peeling enzyme wash, foaming enzyme powder, and exfoliating body scrub because cellulose is a major component of green plant cell walls. Microcrystalline cellulose is marketed as a gentle cleaning agent and a biodegradable alternative to the plastic polyethylene found in personal care products. Microcrystalline cellulose manufacturers are producing an ultra-fine type of microcrystalline cellulose, which is utilized as a helper ingredient in cosmetic products to produce a super-silky and dull effect.

                           Request Free Sample To Learn More About This Report

The wood-based segment accounted largest market share in 2020 due to the chemical characteristics of microcrystalline cellulose obtained from various wood sources differ because to differences in alpha-cellulose composition in distinct types of wood. The pharmaceutical segment accounted largest market share in 2020 due to the MCC is increasingly found in quick-release tablets and liquid dosage forms, sustained-release multiparticulates and matrix tablets dosage forms, topical formulations, and chewable and effervescent tablets.

Europe is expected to dominate the market share of global microcrystalline cellulose market owing to the growing demand for microcrystalline cellulose for pharmaceutical and food applications is propelling the market growth in Europe. For instance, according to International Trade Administration (ITA), in 2017, the pharmaceutical industry manufactured products in Germany were valued at USD 37.40 billion, with an increase of about 4.7% compared to the previous year.

KEY INDUSTRY DEVELOPMENTS:

August 2021- DFE Pharma announced the collaboration with AJM Pharma as a key supplier with BioHale® Sucrose to support COVID-19 vaccine supply challenges in Pakistan.

December 2019- Asahi Kasei has acquired halal certification1 for Ceolus and Celphere microcrystalline cellulose products, used for the purposes of pharmaceutical excipients and food stabilizers by The Assessment Institute for Foods, Drugs and Cosmetics, the Indonesian Council of Ulama (MUI).

                           Request Free Sample To Learn More About This Report

Read More Details On This Report: https://extrapolate.com/Chemicals-and-Advanced-Materials/microcrystalline-cellulose-market/25759