As environmental concerns grow across the world, so does the need for environmentally friendly products. When compared to some other bio-based alternatives, conventional crude oil-based goods emit a comparatively high level of VOCs (Volatile Organic Compounds). In recent years, industry participants have focused on sustainable and eco-friendly research and development for the manufacturing of bio-based goods with the same qualities as conventional. This is predicted to increase demand for microfibrillated cellulose, which would enhance the market. High energy needs for manufacturing and high raw material prices raise the total cost of production of microfibrillated cellulose, which is projected to limit the growth of the worldwide microfibrillated cellulose market during the forecast period.
According to Coherent Market Insights, The global Microfibrillated Cellulose (MFC) Market is expected to surpass US$ 565.7 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 13.84% during the forecast period (2021 to 2028).
Major Players in the Microfibrillated Cellulose Industry:
1. Borregaard Chemicals Company
Borregaard operates one of the world's most advanced and sustainable biorefineries. The company operates manufacturing plants and sales offices throughout Europe, the Americas,Asia and Africa. Borregaard is headquartered in Sarpsborg, Norway. Founded in 1992.
2. Daicel Corporation
Daicel Corporation engages in the medical/healthcare, smart, safety, materials, engineering plastics, and other businesses in Japan, China, and internationally. Daicel Corporation was incorporated in 1919 and is headquartered in Osaka, Japan.
3. FiberLean Technologies Ltd
The company is Producer of microfibrillated cellulose (MFC) intended to further industrialize and proliferate the use of micro and nano cellulosics. The company was founded in 2016, England, U.K.
4. J. Rettenmaier & Söhne
J. Rettenmaier & Sohne specializes in organic fiber technologies that deliver functional and natural products using renewable resources. The company was founded in 1878. Headquartered in Rosenberg, Germany.
5. Nippon Paper Industries Co., Ltd
Nippon Paper Industries Co., Ltd. engages in paper manufacturing and related businesses in Japan and internationally. Nippon Paper Industries Co., Ltd. was incorporated in 1949 and is headquartered in Tokyo, Japan.
6. Norske Skog ASA
Norske Skog ASA produces and sells newsprint and magazine papers. It operates in two segments, Publication Paper Europe, and Publication Paper Australasia. The company operates in Norway, rest of Europe, North America, Australasia, Asia, and Africa. Norske Skog ASA was founded in 1962 and is headquartered in Oslo, Norway.
7. Sappi Limited
Sappi Limited provides materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. Sappi Limited was founded in 1936 and is headquartered in Johannesburg, South Africa.
8. Stora Enso Oyj
Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company was incorporated in 1996 and is headquartered in Helsinki, Finland.
*Definition- MFC (microfibrillated cellulose) is a renewable material. Paper, packaging, medicines, paints and coatings, personal care and cosmetics are only some of the uses. MFC fibre contributes significantly to the strength of paper-based goods. It is gaining popularity as a plastic alternative and as a thickening ingredient in paint and coating applications.
