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The global Push-to-Talk Market for 2024 to 2034 is set for substantial growth, with forecasts indicating a rise from USD 36.2 billion in 2024 to a remarkable USD 107.8 billion by 2034. This expansion corresponds to a robust CAGR of 11.5%, driven by increasing demand for instant communication solutions across various sectors. The market’s evolution is underpinned by advancements in wireless technology and integration with LTE and 5G networks, ensuring seamless and reliable communication services.

Push-to-talk (PTT) technology, which enables instant voice communication at the push of a button, has gained significant traction across industries like public safety, transportation, and enterprise communication, owing to its efficiency and cost-effectiveness.

Key Takeaways from the Market Study

• The push-to-talk market is expected to grow at a CAGR of 11.5% between 2024 and 2034.
• North America leads the market, accounting for over 35% of revenue share in 2024, driven by the widespread adoption of PTT services in public safety and logistics sectors.
• Advancements in PTT over LTE and 5G networks are anticipated to boost market growth significantly during the forecast period.
• Handheld devices dominate the market with over 40% share in 2024, thanks to their portability and wide application range.
• The enterprise segment is expected to witness the fastest growth, driven by increasing reliance on real-time communication for operational efficiency.

Drivers and Opportunities
The push-to-talk market is being propelled by multiple factors:

• Increased Need for Mission-Critical Communication: Industries like public safety and defense rely heavily on PTT solutions for real-time, reliable communication.
• Technological Advancements: The integration of LTE, 5G, and AI in PTT systems enhances functionality and user experience.
• Cost Efficiency: PTT services offer a cost-effective alternative to traditional communication systems, making them attractive for enterprises and small businesses.
• Emerging Markets: Rapid urbanization and digital transformation in Asia-Pacific and Latin America present lucrative growth opportunities.

Components Insights
The market is segmented into hardware, software, and services.

• Hardware remains the dominant segment, driven by the demand for ruggedized PTT devices for harsh environments.
• Software solutions are growing rapidly, as cloud-based platforms and mobile applications gain popularity.
• Services such as maintenance, consulting, and system integration also contribute significantly to the market.

Application Insights

• Public Safety and Security: The largest application segment, driven by the critical need for instant communication in emergencies.
• Transportation and Logistics: Increasing adoption for fleet management and real-time updates.
• Enterprise Communications: Rapidly growing as businesses prioritize real-time collaboration and streamlined operations.

Deployment Insights

• On-Premises Solutions: Favored by industries with strict data security requirements, such as defense and healthcare.
• Cloud-Based Solutions: Expected to witness the fastest growth due to scalability, lower upfront costs, and remote accessibility.

Key Companies & Market Share Insights
Leading players in the push-to-talk market include Motorola Solutions, Inc., AT&T Inc., Verizon Communications Inc., Qualcomm Technologies, Inc., and T-Mobile USA, Inc. These companies collectively dominate the market with their innovative offerings and extensive distribution networks.

Recent Developments

• Motorola Solutions launched advanced PTT solutions integrated with AI-driven analytics for public safety applications in 2023.
• Verizon Communications announced the expansion of its PTT over LTE services, catering to enterprise-level customers in transportation and manufacturing.
• Qualcomm unveiled a suite of next-gen PTT-enabled chipsets, enhancing performance and connectivity.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global disinfectant chemicals market is poised for significant growth, with projections indicating a steady CAGR of 5% from 2022 to 2032. The market, valued at approximately USD 2.5 billion in 2022, is anticipated to reach an impressive USD 4 billion by 2032. This growth is driven by increasing demand for hygiene and sanitation across various sectors, including healthcare, food and beverage, and residential applications, particularly in the wake of heightened awareness about infectious diseases. Technological advancements in chemical formulations and the rising adoption of eco-friendly disinfectants are further fueling market expansion.

Disinfectant chemicals are gaining popularity due to the capacity to neutralize, regulate, or eradicate germs found on the inanimate objects or surfaces. As an outcome, research and diagnostic laboratories, hospitals, clinics, and hospitals demand these items in greater proportion. The usage has almost doubled after the outbreak of Covid-19. Also, the end-consumers have turned out to be all the more cautious regarding food- and water-borne infections caused through various viruses, bacteria, and parasites like salmonella, norovirus, cholera, and likewise.

The ongoing trend is that of several start-ups coming up with alternatives to conventional chemical-based decontaminants that could be capable of cleaning microcavities as well. Vaporized hydrogen peroxide and aerosol are being looked upon as such alternatives. The recent ‘no-touch’ (automatic) decontamination techniques include pulsed-xenon UV light system, continuous generation of UV-C light, and high-intensity narrow-spectrum (405 nm) light. For example – Indra Water (India), which is highly experienced in handling even heavily contaminated wastewater, did upgrade their technology for building and creating VAJRA system to disinfect spaces as well as equipment for preventing infection through Covid-19.

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At the same time, it needs to be noted that chemical disinfectants broadly used in poultry facilities, healthcare facilities, hospitals, food product manufacturing plants, abattoirs, sanitary services for killing germs causing diseases could have flammable and explosive properties aplenty. Various disinfectants are likely to react aggressively with various unrelated compounds and emit poisonous gases that could put the lives of employees in danger.

There are numerous ways through which chemical disinfectants could enter human body – inhalation, ingestion, and absorption through mucous membranes or skin. Also, extensive usage of hand sanitizers could cause irritation to the skin due to presence of chemicals like chlorhexidine, alcohol, triclosan, and chloroxylenol. Plus, chemicals such as sodium hypochlorite, on close contact with environment and humans, could prove to be detrimental in the long run. These factors may restrain the disinfectant chemicals market in the forecast period. Future Market Insights has walked through these findings with insights in its latest market study entitled ‘Disinfectant Chemicals Market’. The team of consultants and analysts is there to work upon macros and micros herein.

“With increasing applications of disinfectant chemicals in food & beverages’ processing, healthcare, plastic, and textile industries, the global disinfectant chemicals market is bound to grow on a splendid note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Disinfectant Chemicals Market

• North America holds the largest market share. This could be attributed to increasing awareness regarding personal hygiene & health, cleanliness, rise in spending on healthcare, well-established healthcare infrastructure, and initiatives by governments of the US and Canada.
• Europe stands second on this count with government entities pushing for usage of disinfectant chemicals all over.
• Coming to the Asia-Pacific, countries like India and China are expected to rule the roost in the forecast period. This could be credited to a greater percentage of population contracting ventilator-associated pneumonia, central line-associated bloodstream infections, catheter-associated urinary tract infections, surgical site infection, and likewise.
• In MEA, call for effective sanitization is expected to bring about a drastic change in disinfectant chemicals market.

Competitive Chemicals

• DuPont Electronics & Imaging, in June 2019, did announce 3 novel chemistries for extending support to advanced semiconductor fabrication – DuPont EKC 590 CuSolve remover, EKC PCMP3210 cleaner, and EKC PCMP2110 cleaner.
• Diversey Holdings, Ltd., in December 2021, completed acquisition of Birko Corporation along with its subsidiary ‘Chad Equipment LLC’. The basic purpose was to strengthen the foothold all across Canada and the US.

Some of the key participants present in the global demand of the disinfectant chemicals market include DuPont, 3M, ABC Compounding Co., Inc., and Cardinal Health, Inc., among others.

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Key Segments Covered in the Disinfectant Chemicals Market Report

Type:

• Liquids
• Sprays
• Wipes
• Others

End User:

• Hospitals
• Households
• Food & Beverages
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global sodium bicarbonate market is anticipated to reach a valuation of USD 4.6 billion in 2023, driven by rising demand from healthcare industry. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.2% between 2023 and 2033, and reaching a total valuation of approximately USD 7.7 billion by 2033.

One of the primary factors driving the growth of the sodium bicarbonate market is the increasing demand from food & beverage industry. Sodium bicarbonate finds extensive application as a leavening agent in baked goods, providing the characteristic rise and texture to bread, cakes, and pastries. The expanding bakery industry, coupled with the rising consumption of convenience foods, is fueling the demand for sodium bicarbonate. The growing trend of clean label products and the need for natural ingredients in food and beverages are further propelling the market growth. Sodium bicarbonate, with its natural origin and minimal processing, fits well into the clean label product category.

Another significant factor contributing to market growth is the increasing awareness of sodium bicarbonate’s versatile properties and its eco-friendly nature. Consumers are becoming more conscious of the environmental impact of the products they use, which has led to a surge in the demand for sustainable and environmentally friendly solutions. Sodium bicarbonate, being a natural compound, aligns with these consumer preferences. It is non-toxic, biodegradable, and can be sourced from abundant mineral deposits, making it an attractive choice for industries seeking greener alternatives.

The healthcare sector is also playing a crucial role in driving the growth of the sodium bicarbonate market. Sodium bicarbonate is widely used in the pharmaceutical industry as an active ingredient in antacids and buffering agents. It helps neutralize stomach acid and provides relief from heartburn and indigestion. The demand for sodium bicarbonate is witnessing significant growth, with the increasing prevalence of gastrointestinal disorders and the growing demand for over-the-counter antacid medications.

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Key Takeaways from the Market Study

• Global sodium bicarbonate market was valued at US$ 4.4 billion by 2022-end.
• From 2018 to 2022, the market demand expanded at a CAGR of 2.6%.
• China is expected to hold a dominant CAGR of 5.1% during the forecast period.
• By End-Use, the processed food segment is expected to constitute a CAGR of 5.1% in 2033.
• On the basis of Grade Type, the technical segment is expected to dominate the market with a CAGR of 5.0% in 2033.
• From 2023 to 2033, sodium bicarbonate market is expected to flourish at a CAGR of 5.2%.
• By 2033, the market value of Sodium Bicarbonate is expected to reach US$ 7.7 billion

“Government regulations and initiatives, across the globe is a major factor that is expected to propel the growth of the sodium bicarbonate market in the near future,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the Sodium Bicarbonate market are Solvay SA, Merck KGaA, Nirma Ltd., Tata Chemicals Ltd., GHCL Ltd., Ciech SA, DCW Ltd., Seqens group, Tosoh Corporation, Hawkins Inc., Vitro, and Church & Dwight Co., Inc., among others.

Recent Developments

• In January 2023, Tosoh Corporation announced the completion of a new production facility for high-purity sodium bicarbonate in Japan. The facility is equipped with advanced technology to meet the increasing demand for high-quality sodium bicarbonate in various industries, including pharmaceuticals and healthcare.
• In September 2022, Novacap Group announced the acquisition of a sodium bicarbonate production site from Seqens in France. This acquisition expands Novacap’s production capacity and strengthens its position as a leading supplier of sodium bicarbonate in Europe, enabling it to better serve the growing customer base.
• In July 2022, Brunner Mond Group announced plans to invest in a new sodium bicarbonate production plant in the United Kingdom. The new plant will utilize advanced technologies to enhance production efficiency and meet the increasing demand for sodium bicarbonate in various industries, such as pharmaceuticals, food, and agriculture.

Discover the Future of Sodium Bicarbonate Market with Our Detailed Report!

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global sodium bicarbonate market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the sodium bicarbonate market, the market is segmented on the basis of grade type (pharmaceutical grade, technical grade, food grade, and feed grade), by end-use (processed food, pharmaceuticals, personal care products, chemicals, agrochemicals & nutrients, detergent, fire extinguisher, leather & dyeing, and others), by form (powder, pellets, slurry, and liquid), across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA)).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The increasing demand for plastic and paper packaging is anticipated to be the main factor driving the growth of the calcite industry. This has produced an anticipated amount of USD 20.22 billion by 2033, with a CAGR of 5.9% from 2023 to 2033.

The paper sector has seen a huge increase in demand for calcite. Both precipitated calcium carbonate (PCC) as well as ground calcium carbonate (GCC) are gaining popularity for the manufacture of paper. PCC is still the preferred material for making paper due to the operational flexibility it provides. The paper industry has improved printing surface and brighter sheets as a result of the introduction of PCC. The calcite market is anticipated to increase at a faster rate because of the increasing demand for PCC and GCC in the paper sector.

During the projection period of 2023 to 2033, demand for calcite is anticipated to rise due to calcite’s advantageous chemical characteristics, cost-effectiveness, and advancements in the manufacture of polymers and plastics. In more contemporary building, calcite is utilized to create cement and concrete in the forms of marbles as well as limestone.

Marbles are used to display beauty in a variety of patterns and hues. In the future years, the rising demand for marble flooring, bathroom countertops, and kitchen tabletops will generate favorable growth prospects for the calcite industry. Venture finance and private equity firms have made significant investments in India’s building sector. It is projected that throughout the projection time, CAGR would significantly increase.

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Key Takeaways from the Market Study

• Sales of calcite increased at a CAGR of 4.8% between 2018 and 2022.
• The market is likely to be dominated by the ground calcium carbonate (GCC) segment, which is projected to have a 65% market share in 2022.
• With a CAGR of 5.5% from 2023 to 2033, the fine size category dominates its market share in the end-use applications.
• North America continued to be one of the most lucrative and lucrative markets throughout the duration of the projection period, holding a dominant share of 67% in the worldwide market for calcite in 2022.

“It is anticipated that the demand for calcite will fuel rising consmer demand for high-end, technologically sophisticated goods. Calcite’s excellent hardness and strength have led to a surge in its use in building and renovation projects, which has helped the calcite market expand,” remarks an FMI analyst.

Competitive Landscape

The calcite market has a fair amount of rivalry. Strong research and development efforts are given a lot of attention. In order to meet the needs of a growing client base, businesses in the calcite market seek to strategically collaborate with end users and local distributors.

Prominent players in the calcite market are:

• Imerys S. A.
• Omya AG
• M. Huber Corporation
• Minerals Technologies Inc.
• Gulshan Polyol Ltd.
• ASEC Company for Mining
• Esen Mikronize A.S
• Wolkem India Ltd.
• Shandong CITIC Calcium Industry Co.,Ltd.
• Columbia River Carbonates
• Jay Minerals
• Golden Lime Public Co.
• , Longcliffe Quarries Ltd.
• Vietnam CMT Joint Stock Company
• Mississippi Lime Company

Explore the Full Calcite Market Report for Expert Insights!

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global calcite market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the calcite market , the market is segmented on the basis of calcite type (ground calcium carbonate (gcc), precipitated calcium carbonate (PCC)), size (fine, coarse), application (paper & pulp, polymer & plastic, paints & coatings, other) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global synthetic camphor market is predicted to be worth USD 322.3 million by the end of 2018 and USD 571.6 million by the end of 2028, expanding at a 5.9% CAGR during the forecast period. Between 2018 and 2028, the global market is expected to generate incremental opportunity worth USD 249.3 Million.

Traditionally, the camphor tree’s secretions are used to make synthetic camphor. Camphor made through chemical synthesis is referred to as synthetic camphor. Turpentine oil is one of the most significant raw materials used in the production of synthetic camphor. Two product categories that differ only in terms of purity make up synthetic camphor.

According to the latest Future Market Insights (FMI) report, the volume sales of synthetic camphor are likely to exceed 36 thousand tons in 2019. Pharmaceutical industry has been a leading end-user of synthetic camphor, upheld by ongoing research activities on extending application scope of synthetic camphor in medicinal formulations.

Pharma-grade synthetic camphor is extensively used in various topical analgesic products such as ointments, oils, gels, and chest-rubs. These pharma-grade synthetic camphor for topical pain management products are witnessing significant demand owing to consumer preference for self-medication, undergird by enhanced and easy accessibility of OTC products. According to the report, pharma-grade synthetic camphor is projected to account for more than 50% volume share in 2019 in the synthetic camphor market.

Pharma-grade synthetic camphor sales are also significantly driven by growing demand for private-labelled camphorated medical products. For example, private labelled analgesic products have gained increased popularity in the US, as they are devoid of FDA approval, and witness strong promotion from retailer businesses.

A key factor restricting adoption is regulations on the use of synthetic camphor in pharmaceutical products, such as the US FDA’s classification of certain camphorated oil products would require patients to hold doctor’s prescription for consumption. Moreover, rising costs of raw materials such as turpentine oil is emerging as a key concern for manufacturers producing pharma-grade synthetic camphor.

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Gains Remain Strong from Synthetic Camphor Sales in Plasticizer Production

Synthetic camphor continues to witness robust adoption in plasticizer production, which prevails as a critical component for paint and coating formulations. Additionally, demand for plasticizers in PVC and cellulose fiber production, has significantly underpinned sales of synthetic camphor. The study estimates sales of synthetic camphor in plasticizer production to surpass 13 thousand tons in 2019.

Rise in the construction sector, along with increasing demand for renovation and maintenance of existing structures, continues to drive demand for plasticizers in flooring and wall covering applications. Additionally, remarkable demand for plasticizers in flexible Polyvinyl Chloride (PVC) manufacturing, and to soften plastics used in wall covering and flooring, will remain a key sales determinant of synthetic camphor.

East Asia to Hold Pole Position in Synthetic Camphor Market

According to the FMI report, East Asia is likely to remain lucrative in the synthetic camphor market. In East Asia, China is expected to account for the highest sales of synthetic camphor, surpassing 12 thousand tons in 2019. Owing to the presence of a large number of pharma-grade synthetic camphor manufacturers in China, the country is witnessing the growing demand for synthetic camphor.

Growing overseas demand for synthetic camphor and significant growth in Chinese gum turpentine industry are the key factors influencing the market growth in the country. Additionally, with the development of Chinese gum turpentine derivatives such as synthetic camphor and synthetic borneol, overseas companies are eyeing use of these derivatives over gum turpentine.

Majority of the pharma-grade synthetic camphor manufacturers are concentrated in China and India, exporting their products to Europe and the US. Due to the availability of raw materials and synthetic camphor on a large scale in China and India, global manufacturers of camphor and other related chemical are focusing on expanding their businesses in East Asia.

Key Players

Some of the players reported in this study include Fujian Qingsong Co. Ltd., Mangalam Organics Limited, Suzhou Youhe Science and Technology Co., Ltd., Saptagir Camphor Limited, Oriental Aromatics Limited, Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd., Kanchi Karpooram Limited, Taiwan Tekho Camphor Co., Ltd., Caesar & Loretz GmbH, Merck KGaA, Recochem Inc., Xiamen Hisunny Chemical Co., Ltd, SkyRun  Industrial Co., Ltd, Shanghai Huayi Group Huayuan Chemical Co., Ltd., Fengchen Group Co., Ltd, Aldon Corporation, Prinova LLC, Teloonchem International Co., Limited, among others.

Synthetic camphor Market: Segmentation

Grade

• Technical Grade Synthetic Camphor
• Pharma Grade Synthetic Camphor

Application

• Pharmaceuticals
• Personal Care
• Plasticizer
• Flavour & Fragrance
• Others

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Microcrystalline cellulose (MCC) is known as a robust plant-derived ingredient consisting of remarkable functional properties that accurately suit its industrial applications such as a binder, thickening agent, filler, anti-cracking agent, fat replacer, disintegrate, emulsifying agent, absorbing agent, and many more.

The global microcrystalline cellulose market is projected to create opulent growth opportunities over the evaluation period by registering a CAGR of 6.3% from 2023 to 2033. The global market value is expected to grow from USD 974.7 million in 2023 to USD 1,794.1 million by 2033 end.

Although the demand from the pharmaceutical industry grew significantly after 2020 as it is a common excipient used in tablet formulations. Microcrystalline cellulose is primarily utilized in pharmaceuticals and food & beverage industries. These industries are likely to account for more than 50% of the consumption of the global market.

The aforementioned functional properties of MCC make it a good fit as an ingredient in manufacturing several other products like cosmetics and personal care, paints and coatings, detergents, dye absorbers, rubber, etc. Among numerous end-use industries, the pharmaceutical industry is predicted to showcase steady growth over the next few years.

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Report Highlights

The widespread demand for microcrystalline cellulose is anticipated to be fueled by pharmaceutical industries. MCC is used as an excipient in pharmaceutical drug formulation owing to its binding, disintegration, gliding, dilution, and carrier applications. Specifically, from 2020 onwards, the demand for drugs and medicines witnessed a significant surge due to which the subsequent demand for MCC hiked from pharmaceutical drug manufacturers.

The food & beverage industry is rapidly adopting new plant-based ingredients in packaged food products. This trend will drive the consumption of microcrystalline cellulose over the next few years. Furthermore, the rising investment in developing numerous grades of microcrystalline cellulose is a key trend in recent years.

Major players within the developed market are heftily investing in innovations to capture the untapped potential applications of MCC in consumer products. Apart from this, Asia-Pacific market participants are investing in expanding their production facilities to meet the rising market demand. As a cumulative impact of these developments, the global microcrystalline cellulose market will thrive through the projection period.

Recent Developments

Food & beverage applications of microcrystalline cellulose have witnessed a significant demand in recent years. Traditionally, it has been utilized as a thickening and emulsifying agent, binder, filler, and anti-cracking agent in several foods such as bakery products, meats, dairy, and seafood products.

MCC is known as an excellent alternative to fats. Since, it is derived from plants, the usage of MCC in the food & beverages industry is anticipated to propel due to the growing preference for plant-based products from consumers in near future.

Besides this, several research and innovations in recent years have shown that MCC can act as a soil conditioner and agrochemical in the agricultural industry, density controller and flowability enhancer in detergents, adhesive in general industries, substitute in rubber production, and absorber in dye industries. These applications and many more are expected to facilitate opportunities for MCC in industrial applications.

Microcrystalline cellulose (MCC) is optimally derived from wood pulp which accounts for a prominent portion of the overall production of MCC. It needs plenty of tree wood obtained by cutting natural resources like forests. This process poses a lot of environmental challenges and restrictions from the governments. Hence, the wood-based production of MCC is being replaced by other natural resources like cotton crops, bamboo farming, corn, banana, and soybean crops, etc.

Competitive Landscape

Prominent players operating in the global microcrystalline cellulose market acquire a crucial share of the industry. The threat of new entrants is low because of the initial capital investment in establishing the production lines.

Knowing the significant demand from end-use industries, the market players are looking to expand their production capacities along with new supply chain developments to enter into emerging markets. A few leading players also invest in research and development to introduce new applications and product grades of microcrystalline cellulose in the market.

Key Companies Profiled

• DuPont de Nemours, Inc
• Asahi Kasei Corporation
• DFE Pharma
• RETTENMAIER & SÖHNE GmbH + Co KG
• Accent Microcell Pvt. Ltd.
• Foodchem International Corporation
• Mingtai Chemical Co., Ltd
• Sigachi Industries Pvt. Ltd.
• Chemfield Cellulose
• NB Entrepreneur
• Anhui Sunhere Pharmaceutical Excipients Co., Ltd.
• Roquette Frères S.A.
• Libraw Pharma
• Ankit Pulps and Boards Pvt. Ltd
• Pharmatrans Sanaq AG

Explore the Full Microcrystalline Cellulose Industry Report for Expert Insights!

Segmentation of Microcrystalline Cellulose Industry Research

By Material:

• Wood-based
• Non-wood based

By Application:

• Food and beverages
• Pharmaceuticals
• Cosmetics and personal care
• Paints and coatings
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• South Asia and Pacific
• Central Asia
• Russia & Belarus
• Balkan & Baltic Countries
• Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube