LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global microcrystalline cellulose market 2017-2021 report. This market research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global microcrystalline cellulose market is moderately fragmented with the presence of many global and local vendors. The parent market for microcrystalline cellulose is the global renewable chemicals market. The market under study holds only around 1.5% of the parent market, which makes it extremely niche. The key vendors of this market are Asahi Kasei, FMC, FrieslandCampina, MINGTAI CHEMICAL, and Tembec.The production of microcrystalline cellulose is mainly concentrated in China and the US.
According to Kurva Samba Sivudu, a lead analyst at Technavio for specialty chemicals research, “The improved performance of microcrystalline cellulose, consumer preference for fiber supplements, and diversified applications is resulting in an amplified growth of the global microcrystalline cellulose market. Additionally, the GRAS approval by the FDA, the European Union, and the US Pharmacopeia will also drive market growth. The presence of skilled labor and minimum government norms will push the manufacturers to expand their production base to APAC, especially to countries such as Vietnam, China, India, and Japan.”
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Technavio market research analysts identify the following key vendors:
Asahi Kasei
Asahi Kasei is one of the leading chemical companies. It operates through five business segments such as electronics, home and construction materials, chemicals and fiber, and others. It serves markets in North America, Europe, South Asia, and East Asia. Ceolus and Celphere MCC are the main microcrystalline cellulose products manufactured by Asahi Kasei and is widely used in the pharmaceutical, food, and nutraceutical industries.
FMC
FMC is one of the leading chemical companies, which operates in three business units such as health and nutrition, FMC lithium, and agricultural solutions. FMC manufactures and supplies microcrystalline cellulose products, which have a wide variety of applications. The increased demand for microcrystalline cellulose is due to the disintegranting and binding properties, which enable it to be used in drug binders, capsules, and other pharmaceutical applications.
FrieslandCampina
FrieslandCampina manufactures and sells dairy products, cheese, infant nutrition, and desserts in Asia, Europe, and Africa. The company manufactures microcrystalline cellulose by hydrolyzing pure wood pulp, which is followed by purification and drying. Its microcrystalline cellulose is used in the pharmaceutical industry in wet granulation and compression applications in capsules, tablets, and pellets.
MINGTAI CHEMICAL
MINGTAI CHEMICAL holds more than 38 years of industrial experience and is one of the major manufacturers of excipients and food ingredients. COMPRECEL and NEOCEL are major microcrystalline cellulose products manufactured by the company. COMPRECEL microcrystalline cellulose is used in the food industry as a binder, disintegrant, filler, and lubricant. It is applied in the food industry as an anticaking agent, calorie replacer, extrusion, and absorbent. NEOCEL is used in confectionery, baked products, drugs, and personal care products such as toothpaste, shampoos, creams, and lotions.
Tembec
Tembec is one of the leading manufacturers of forest products such as softwood lumber, hardwood lumber, pulp, specialty cellulose, chemical products, and paper products. Tembec manufactures wood products, out of which specialty cellulose is considered as a leading product segment. Specialty cellulose products manufactured by the company are widely used as texturizers, thickening agents, binders, and strengthening agents. The major applications of microcrystalline cellulose manufactured by Tembec includes the pharmaceutical and food industry.
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