MICROFIBRILLATED CELLULOSE MARKET ANALYSIS

Name: Microfibrillated Cellulose Market Size and Trends
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Microfibrillated Cellulose Market, Microfibrillated Cellulose Market Report, Microfibrillated Cellulose Industry Report, Microfibrillated Cellulose Market Size, Microfibrillated Cellulose Market Share, Microfibrillated Cellulose Market Analysis, Microfibrillated Cellulose Market Growth, Microfibrillated Cellulose Market Trends, Microfibrillated Cellulose Market Overview, Microfibrillated Cellulose Market Forecast

Microfibrillated Cellulose Market, by Manufacturing Process (Mechanical, Chemical, and Biological), By Distribution Channel (Paper, Packaging, Pharmaceuticals, Paints and Coatings, Personal Care & Cosmetics, and Others (Home Care & Food & Beverages), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Mar 2022
Code : CMI4967
Pages :130
Formats :
Excel and PDF
Industry : Specialty and Fine Chemicals

Microfibrillated Cellulose MarketSize and Trends

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).

Among region, North America region accounted for the largest revenue share of 45.2% in the global microfibrillated cellulose (MFC) market in 2020 and is expected to maintain its dominance in the near future. The market in this region was valued at US$ 90.7 Mn in 2020 and is expected to witness a CAGR of 15.2% during the forecast period. The North America microfibrillated cellulose market is followed by Asia Pacific and Europe region.

Market Trends

Microfibrillated cellulose has huge growth potential to replace plastic in packaging applications with increasing demand for environment-friendly materials. According to Coherent Market Insights’ analysis, polyethylene terephthalate (PET) is the most preferred material for plastic bottles, and PET bottles market is estimated to reach US$ 70.32 billion by 2025. However, more research is required to develop commercial microfibrillated cellulose with excellent properties as plastic with competitive pricing.