Microfibrillated Cellulose Market: Views Sought On New Approach

Posted by Roger on April 17th, 2023

Microfibrillated cellulose (MFC) is a type of cellulose that is derived from plant-based sources such as wood pulp, cotton, or agricultural waste. MFC is a highly refined form of cellulose that has been mechanically processed to break down the fibers into micro-scale dimensions, typically between 100 nm to 1 µm in diameter. MFC has gained attention in recent years due to its unique properties and potential applications in various industries.

Market Overview:

The global microfibrillated cellulose market size was valued at USD 109.6 million in 2020 and is projected to reach USD 320.9 million by 2028, growing at a CAGR of 14.2% from 2021 to 2028. The increasing demand for sustainable and eco-friendly materials in various end-use industries, such as packaging, paper and pulp, and composites, is driving the growth of the MFC market. Additionally, the growing use of MFC as a rheology modifier and stabilizer in various food and personal care products is also boosting market growth.

Application Segments:

The microfibrillated cellulose market can be segmented based on application into the following categories:

  1. Paper and Pulp Industry: MFC is used in the paper and pulp industry as a filler, coating, and strength enhancer. MFC improves the strength, stiffness, and opacity of paper, and also reduces the amount of fiber needed to produce paper.

  2. Packaging Industry: MFC is used in the packaging industry as a barrier material to enhance the shelf life of food products. MFC-based coatings also provide excellent printability and surface smoothness, making them ideal for high-quality printing applications.

  3. Composites Industry: MFC is used in the composites industry as a reinforcement material to enhance the mechanical properties of composites. MFC-based composites exhibit high strength, stiffness, and toughness, and also provide excellent dimensional stability.

  4. Food and Personal Care Industry: MFC is used in the food and personal care industry as a rheology modifier and stabilizer. MFC improves the texture, viscosity, and stability of food and personal care products, and also acts as a fat replacer in low-fat products.

Regional Analysis:

The microfibrillated cellulose market can be segmented based on geography into the following regions:

  1. North America: The North American market is driven by the growing demand for sustainable materials in various end-use industries. The United States and Canada are the major contributors to the growth of the MFC market in this region.

  2. Europe: The European market is driven by the strict environmental regulations and growing awareness about sustainable materials. The United Kingdom, Germany, France, and Italy are the major contributors to the growth of the MFC market in this region.

  3. Asia Pacific: The Asia Pacific market is driven by the growing population and increasing demand for food, personal care, and packaging products. China, Japan, and India are the major contributors to the growth of the MFC market in this region.

Key Players:

The key players operating in the microfibrillated cellulose market include Borregaard ASA, Stora Enso Oyj, Nippon Paper Industries Co., Ltd., Celluforce Inc., Daicel FineChem Ltd., Kruger Inc., Fiberlean Technologies Ltd., Sappi Limited, Melodea Ltd., and American Process Inc. These companies are adopting various strategies, such as mergers and acquisitions, collaborations, and new product launches, to expand their market share and increase their profitability.

Read More - https://www.coherentmarketinsights.com/market-insight/microfibrillated-cellulose-market-4967 

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Roger

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Roger
Joined: September 27th, 2022
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