微結晶セルロース(MCC)市場 – 2030年までの世界予測

Microcrystalline Cellulose (MCC) Market - Global Forecast To 2030

微結晶セルロース(MCC)市場 - 原料(木材ベース、非木材ベース)、用途(食品・飲料、医薬品、化粧品・パーソナルケア)、地域(北米、ヨーロッパ、アジア太平洋、ラテンアメリカ、中東・アフリカ) - 2030年までの世界予測
Microcrystalline Cellulose (MCC) Market by Source (Wood based, non-wood based), Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Forecast to 2030

商品番号 : SMB-81810

出版社MarketsandMarkets
出版年月2025年7月
ページ数231
図表数312
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、微結晶セルロース(MCC)市場全体および各サブセグメントの収益数値の近似値に関する情報を提供し、市場リーダー企業および新規参入企業にとって有益な情報となります。また、本レポートは、ステークホルダーが競争環境を理解し、事業のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。さらに、本レポートは、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供する上でも役立ちます。

The microcrystalline cellulose market is estimated at USD 1.33 billion in 2025 and is projected to reach USD 1.88 billion by 2030, at a CAGR of 7.1%. The demand for non-wood based microcrystalline cellulose is increasing rapidly due to its unique combination of properties. Non-wood sources such as agricultural residues (e.g., maize stems, sorghum stalks, almond shells) are widely available, renewable, and often considered waste products. Utilizing these materials for microcrystalline cellulose production not only reduces environmental waste but also provides a cost-effective and sustainable feedstock. Leveraging agricultural waste for microcrystalline cellulose production aligns with circular economy principles by turning waste into valuable products and reducing reliance on virgin wood resources. Increasing regulatory focus on sustainability, especially in Europe and other regions, is encouraging manufacturers to adopt greener, non-wood sources for excipients like microcrystalline cellulose.

微結晶セルロース(MCC)市場は2025年に13億3,000万米ドルに達すると推定され、2030年までに18億8,000万米ドルに達し、年平均成長率(CAGR)7.1%で成長すると予測されています。非木材ベースの微結晶セルロースの需要は、そのユニークな特性の組み合わせにより急速に増加しています。農業残渣(トウモロコシの茎、モロコシの茎、アーモンドの殻など)などの非木材源は、広く入手可能で再生可能であり、多くの場合廃棄物と見なされています。これらの材料を微結晶セルロースの製造に利用することで、環境廃棄物が削減されるだけでなく、費用対効果が高く持続可能な原料が提供されます。農業廃棄物を微結晶セルロース製造に活用することは、廃棄物を価値ある製品に変え、未使用の木材資源への依存を減らすことで、循環型経済の原則と一致しています。特に欧州およびその他の地域では、持続可能性に対する規制の注目が高まっており、メーカーは微結晶セルロースなどの賦形剤に、より環境に優しい非木材源を採用するよう促されています。

微結晶セルロース(MCC)市場 - 2030年までの世界予測
microcrystalline-cellulose-market-Overview

The industrial demand for microcrystalline cellulose has raised concerns about deforestation and the environmental impact of continuously sourcing wood as a raw material. This has created a strong impetus to explore and utilize alternative, more sustainable sources such as agricultural by-products and non-wood plant fibers.

微結晶セルロース(MCC)の産業需要は、森林破壊や、木材を原料として継続的に調達することによる環境への影響に対する懸念を引き起こしています。これにより、農業副産物や非木材植物繊維など、より持続可能な代替資源の探究と活用に向けた大きな推進力が生まれました。

“The food & beverage application is projected to be the second fastest-growing application in the forecast period.”

Food & beverage application is expected to register the fastest growth rate in the microcrystalline cellulose market, driven by a unique combination of functional and physicochemical properties. Microcrystalline cellulose is widely used as a stabilizer, thickening agent, binder, viscosity modifier, and fat-reducing agent. It acts as a fat substitute in aqueous condition, which contributes to mouthfeel, body, and consistency to food products. Hence, it is used in bakeries, dairy products, frozen desserts, and so on. Additionally, microcrystalline cellulose is useful in increasing volume of baked food. The growing demand for low-fat foods and ready-to-consume fried foods is the major factor positively impacting the microcrystalline cellulose market growth. Microcrystalline cellulose maintains stability at high temperatures, making it suitable for processed and frozen foods where it prevents ice crystal formation and ensures a smooth, soft texture.

微結晶セルロース(MCC)市場 - 2030年までの世界予測 region
microcrystalline-cellulose-market-Region

“Asia Pacific is projected to register the highest growth rate in the microcrystalline cellulose market during the forecast period.”

Asia Pacific is projected to be the fastest-growing region in the microcrystalline cellulose market during the forecast period. Continuous growth in local demand and an increase in exports is driving the microcrystalline cellulose market in the region. The increase in demand for end-use products has led to innovations and developments in the application industries, making them the key microcrystalline cellulose hubs globally. The high growth of the pharmaceutical, food & beverage, and cosmetics & personal care applications in this region has led to an increase in the demand for microcrystalline cellulose. International and domestic players are focusing on the growing Asia Pacific market to open new microcrystalline cellulose production facilities and expand the existing ones in the developing economies due to the availability of low-cost labor and raw material.

This study has been validated through primary interviews with industry experts globally. The primary sources have been divided into the following three categories:

  • By Company Type: Tier 1 – 40%, Tier 2 – 33%, and Tier 3 – 27%
  • By Designation: C-level – 50%, Director-level – 30%, and Managers – 20%
  • By Region: North America – 15%, Europe – 50%, Asia Pacific – 20%, the Middle East & Africa – 10%, and Latin America – 5%

The report provides a comprehensive analysis of the following companies:

Prominent companies in this market include Asahi Kasei Corporation (Japan), Rayonier Advanced Materials (RYAM, US), Sigachi Industries (India), DFE Pharma (Germany), International Flavors & Fragrances Inc. (New York), Accent Microcell Ltd. (India), Mingtai Chemical Co., Ltd. (China), Chemfield Cellulose (India), Anhui Sunhere Pharmaceutical Excipients Co., Ltd. (China), Roquette Freres (France), J. Rettenmaier & Sohne GmbH + Co. Kg (JRS Pharma, Germany), RanQ (India), and Huzhou City Linghu Xinwang Chemical Co., Ltd. (China).

微結晶セルロース(MCC)市場 - 2030年までの世界予測 ecosystem
microcrystalline-cellulose-market-Ecosystem

Research coverage

This research report categorizes the microcrystalline cellulose market by source (wood based, non-wood based), by application (food & beverage, pharmaceutical, cosmetics & personal care, and other applications), by region. The scope of the report includes detailed information about the major factors influencing the growth of the microcrystalline cellulose market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted to provide insights into their business overview, solutions and services, key strategies, and recent developments in the microcrystalline cellulose market are all covered. This report includes a competitive analysis of upcoming startups in the microcrystalline cellulose market ecosystem.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall microcrystalline cellulose market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following points:

  • Analysis of key drivers (growing use of microcrystalline cellulose in the pharmaceutical industry and increasing use of microcrystalline cellulose in the processed food industry), restraints (availability of substitutes for specific food & beverage and pharmaceutical applications and strict compliance requirements), opportunities (increasing demand from emerging economies and growth in manufacturing of non-wood based microcrystalline cellulose), and challenges (production of low-cost microcrystalline cellulose and pricing pressure) influencing the growth of the microcrystalline cellulose market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and service launches in the microcrystalline cellulose market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the microcrystalline cellulose market across varied regions.
  • Market Diversification: Exhaustive information about services, untapped geographies, recent developments, and investments in the microcrystalline cellulose market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Asahi Kasei Corporation (Japan), Rayonier Advanced Materials (RYAM, US), Sigachi Industries (India), DFE Pharma (Germany), International Flavors & Fragrances Inc. (New York), Accent Microcell Ltd. (India), Mingtai Chemical Co., Ltd. (China), Chemfield Cellulose (India), Anhui Sunhere Pharmaceutical Excipients Co., Ltd. (China), Roquette Freres (France), J. Rettenmaier & Sohne GmbH + Co. Kg (JRS Pharma, Germany), RanQ (India), and Huzhou City Linghu Xinwang Chemical Co., Ltd. (China) in the microcrystalline cellulose market

Table of Contents

1               INTRODUCTION              26

1.1           STUDY OBJECTIVES       26

1.2           MARKET DEFINITION   26

1.3           STUDY SCOPE   27

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      27

1.3.2        INCLUSIONS AND EXCLUSIONS 28

1.3.3        YEARS CONSIDERED      28

1.3.4        CURRENCY CONSIDERED            28

1.3.5        UNITS CONSIDERED      29

1.4           STAKEHOLDERS               29

1.5           SUMMARY OF CHANGES               29

2               RESEARCH METHODOLOGY       30

2.1           RESEARCH DATA              30

2.1.1        SECONDARY DATA          31

2.1.1.1    List of key secondary sources              31

2.1.1.2    Key data from secondary sources       31

2.1.2        PRIMARY DATA 32

2.1.2.1    Key data from primary sources           32

2.1.2.2    Key primary participants     32

2.1.2.3    Breakdown of interviews with experts               33

2.1.2.4    Key industry insights           33

2.2           MARKET SIZE ESTIMATION         33

2.2.1        BOTTOM-UP APPROACH              34

2.2.2        TOP-DOWN APPROACH                34

2.3           BASE NUMBER CALCULATION   35

2.3.1        APPROACH 1: SUPPLY-SIDE ANALYSIS   35

2.3.2        APPROACH 2: DEMAND-SIDE ANALYSIS                35

2.4           MARKET FORECAST APPROACH                36

2.4.1        SUPPLY SIDE     36

2.4.2        DEMAND SIDE  36

2.5           DATA TRIANGULATION                36

2.6           FACTOR ANALYSIS          38

2.7           RESEARCH ASSUMPTIONS           38

2.8           RESEARCH LIMITATIONS AND RISK ASSESSMENT                 39

3               EXECUTIVE SUMMARY  40

4               PREMIUM INSIGHTS       43

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MICROCRYSTALLINE CELLULOSE MARKET         43

4.2           MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION AND REGION       44

4.3           MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE                 44

4.4           MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY            45

5               MARKET OVERVIEW       46

5.1           INTRODUCTION              46

5.2           MARKET DYNAMICS       47

5.2.1        DRIVERS               47

5.2.1.1    Growing use in pharmaceutical industry          47

5.2.1.2    Increasing use in processed food industry        48

5.2.2        RESTRAINTS      48

5.2.2.1    Availability of substitutes for specific food & beverage and pharmaceutical applications                48

5.2.2.2    Stringent compliance requirements  48

5.2.3        OPPORTUNITIES              49

5.2.3.1    Increasing demand from emerging economies                 49

5.2.3.2    Growth in manufacture of non-wood-based microcrystalline cellulose 49

5.2.4        CHALLENGES    49

5.2.4.1    Production of low-cost microcrystalline cellulose           49

5.2.4.2    Pricing pressure    50

5.3           PORTER’S FIVE FORCES ANALYSIS           50

5.3.1        THREAT OF NEW ENTRANTS      51

5.3.2        THREAT OF SUBSTITUTES          51

5.3.3        BARGAINING POWER OF SUPPLIERS       51

5.3.4        BARGAINING POWER OF BUYERS             51

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 52

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     52

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           52

5.4.2        BUYING CRITERIA           53

5.5           MACROECONOMICS INDICATORS           54

5.5.1        INTRODUCTION              54

5.5.2        GDP TRENDS AND FORECAST   54

5.5.3        TRENDS IN PHARMACEUTICAL INDUSTRY          55

5.5.4        TRENDS IN FOOD & BEVERAGE INDUSTRY          56

5.6           SUPPLY CHAIN ANALYSIS             56

5.6.1        RAW MATERIAL                 57

5.6.2        FINAL PRODUCT ANALYSIS         57

5.7           VALUE CHAIN ANALYSIS               57

5.8           ECOSYSTEM ANALYSIS  58

5.9           PRICING ANALYSIS          60

5.9.1        AVERAGE SELLING PRICE TREND OF APPLICATIONS, BY KEY PLAYER, 2024             60

5.9.2        AVERAGE SELLING PRICE TREND OF MICROCRYSTALLINE

CELLULOSE, BY KEY PLAYER, 2024            61

5.9.3        AVERAGE SELLING PRICE TREND, BY SOURCE, 2022–2025        61

5.9.4        AVERAGE SELLING PRICE TREND, BY APPLICATION, 2022–2025              62

5.9.5        AVERAGE SELLING PRICE TREND, BY REGION, 2022–2025                 62

5.10         TRADE ANALYSIS             63

5.10.1      IMPORT SCENARIO (HS CODE 391290)    64

5.10.2      EXPORT SCENARIO (HS CODE 391290)    65

5.11         TECHNOLOGY ANALYSIS             66

5.11.1      KEY TECHNOLOGIES     66

5.11.1.1  Steam explosion    66

5.11.1.2  Enzyme-mediated synthesis                66

5.11.1.3  Reactive extrusion                 67

5.11.2      COMPLEMENTARY TECHNOLOGIES       67

5.11.2.1  Nanocellulose technology   67

5.11.2.2  Micro structuring 68

5.12         IMPACT OF AI/GEN AI ON MICROCRYSTALLINE CELLULOSE MARKET     69

5.12.1      TOP USE CASES AND MARKET POTENTIAL          69

5.12.2      BEST PRACTICES IN MICROCRYSTALLINE CELLULOSE MARKET               70

5.12.3      CASE STUDIES OF AI IMPLEMENTATION IN MICROCRYSTALLINE CELLULOSE MARKET         70

5.12.4      CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN MICROCRYSTALLINE CELLULOSE MARKET         70

5.13         PATENT ANALYSIS          70

5.13.1      INTRODUCTION              70

5.13.2      METHODOLOGY              71

5.13.3      PATENT TYPE   71

5.13.4      INSIGHTS            72

5.13.5      LEGAL STATUS OF PATENTS      72

5.13.6      JURISDICTION ANALYSIS              73

5.13.7      TOP APPLICANTS            73

5.13.8      LIST OF PATENTS BY ASTRAZENECA AB                74

5.13.9      LIST OF PATENTS BY DISHA PHARMACEUTICAL GROUP CO          74

5.13.10   LIST OF PATENTS BY CHONGQING RUNZE PHARMACEUTICAL         75

5.14         REGULATORY LANDSCAPE         75

5.14.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             75

5.15         KEY CONFERENCES AND EVENTS, 2025–2026        77

5.16         CASE STUDY ANALYSIS 78

5.16.1      EXPANDING PRESENCE IN EUROPEAN AND MIDDLE EAST & AFRICAN REGION FOR DFE PHARMA       78

5.16.2      MINGTAI CHEMICAL CO., LTD. EXPANDED PRODUCTION CAPACITY             78

5.16.3      ROQUETTE FRERES OPENED PHARMACEUTICAL INNOVATION CENTER  79

5.17         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            79

5.18         INVESTMENT AND FUNDING SCENARIO               80

5.19         IMPACT OF 2025 US TARIFF – MICROCRYSTALLINE CELLULOSE MARKET     81

5.19.1      INTRODUCTION              81

5.20         KEY TARIFF RATES          82

5.21         PRICE IMPACT ANALYSIS             83

5.22         KEY IMPACTS ON COUNTRY/REGION    83

5.22.1      US           83

5.22.2      EUROPE               84

5.22.3      ASIA PACIFIC     86

5.23         END-USE INDUSTRY-LEVEL IMPACT       88

6               MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE                 89

6.1           INTRODUCTION              90

6.2           WOOD-BASED  91

6.2.1        HIGH PURITY, HOMOGENEITY, PRODUCT CONSISTENCY, AND SAFETY IN DRUG MANUFACTURING AND FOOD PROCESSING TO DRIVE GROWTH               91

6.3           NON-WOOD-BASED       93

6.3.1        INCREASED APPLICATIONS DUE TO REDUCED PRICES AND HIGHER VOLUME CONSUMPTION TO BOOST DEMAND                 93

7               MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION   96

7.1           INTRODUCTION              97

7.2           FOOD & BEVERAGE        98

7.2.1        GROWING DEMAND FOR LOW-FAT FOODS AND READY-TO-CONSUME FRIED FOODS TO DRIVE ADOPTION        98

7.3           PHARMACEUTICAL         100

7.3.1        DEMAND AS FILLER, BINDER, DISINTEGRANT, SUSPENDING AGENT, LUBRICANT, AND GLIDANT TO BOOST GROWTH             100

7.4           COSMETICS & PERSONAL CARE 102

7.4.1        DEMAND FOR NATURAL AND SUSTAINABLE INGREDIENTS TO DRIVE GROWTH          102

7.5           OTHER APPLICATIONS 104

8               MICROCRYSTALLINE CELLULOSE MARKET, BY REGION                 106

8.1           INTRODUCTION              107

8.1.1        MICROCRYSTALLINE CELLULOSE MARKET, BY REGION                 108

8.2           NORTH AMERICA             109

8.2.1        NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE     110

8.2.2        NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION         112

8.2.3        NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY 113

8.2.3.1    US           114

8.2.3.1.1 Stringent regulatory environment to favor high demand                 114

8.2.3.2    Canada   116

8.2.3.2.1 Increasing utilization as bulking agent, fat replacer, and texturizer in processed foods to boost market   116

8.3           EUROPE               117

8.3.1        EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE                118

8.3.2        EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION   120

8.3.3        EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY            121

8.3.3.1    Germany                 123

8.3.3.1.1 Large and diversified food & beverage industry to drive growth                 123

8.3.3.2    France    124

8.3.3.2.1 High demand from cosmetics & personal care industry to fuel market    124

8.3.3.3    UK          126

8.3.3.3.1 Pharmaceutical and food & beverage sectors to drive demand                 126

8.3.3.4    Italy         128

8.3.3.4.1 Strong demand from pharmaceutical, food & beverage, and cosmetics sectors to drive market      128

8.3.3.5    Spain      129

8.3.3.5.1 Rising consumption in pharmaceutical sector to propel growth                 129

8.3.3.6    Rest of Europe      131

8.4           ASIA PACIFIC     133

8.4.1        ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE     134

8.4.2        ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION         135

8.4.3        ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY 136

8.4.3.1    China      137

8.4.3.1.1 Rapidly growing pharmaceutical manufacturing industry to boost growth    137

8.4.3.2    South Korea           139

8.4.3.2.1 Robust pharmaceutical industry to drive market             139

8.4.3.3    India       141

8.4.3.3.1 Pharmaceutical and food & beverage sectors to support growth                 141

8.4.3.4    Japan      142

8.4.3.4.1 Organized manufacturing environment and government regulations to drive growth 142

8.4.3.5    Rest of Asia Pacific               144

8.5           LATIN AMERICA                145

8.5.1        LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE     146

8.5.2        LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION         147

8.5.3        LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY 148

8.5.3.1    Brazil      149

8.5.3.1.1 Low labor and manufacturing costs to fuel growth         149

8.5.3.2    Mexico   151

8.5.3.2.1 Drug efficacy, dosage consistency, and regulatory compliance to drive market          151

8.5.3.3    Rest of Latin America          153

8.6           MIDDLE EAST & AFRICA                154

8.6.1        MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE            154

8.6.2        MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION                155

8.6.3        MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY        157

8.6.3.1    GCC countries      158

8.6.3.1.1 UAE        158

8.6.3.1.1.1              Expanding pharmaceutical sector and rising consumer demand to fuel growth         158

8.6.3.1.2 Saudi Arabia          160

8.6.3.1.2.1              Focus on quality assurance to support adoption                 160

8.6.3.1.3 Rest of GCC          161

8.6.3.2    South Africa           163

8.6.3.2.1 Expanding pharmaceutical industry meeting rising healthcare needs to propel demand      163

8.6.3.3    Rest of Middle East & Africa               165

9               COMPETITIVE LANDSCAPE         167

9.1           OVERVIEW          167

9.2           KEY PLAYER STRATEGIES/RIGHT TO WIN            167

9.3           REVENUE ANALYSIS, 2019–2023  169

9.4           MARKET SHARE ANALYSIS, 2024                 170

9.5           BRAND/PRODUCT COMPARISON             172

9.5.1        CEOLUS (ASAHI KASEI CORPORATION) 173

9.5.2        HICEL (SIGACHI INDUSTRIES)   173

9.5.3        PHARMACEL (DFE PHARMA)      173

9.5.4        AVICEL (INTERNATIONAL FLAVORS & FRAGRANCES INC.)      173

9.6           COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 173

9.6.1        STARS   173

9.6.2        EMERGING LEADERS     173

9.6.3        PERVASIVE PLAYERS      174

9.6.4        PARTICIPANTS 174

9.6.5        COMPANY FOOTPRINT: KEY PLAYERS, 2024         175

9.6.5.1    Company footprint               175

9.6.5.2    Region footprint   175

9.6.5.3    Source footprint    176

9.6.5.4    Application footprint            177

9.7           COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        177

9.7.1        PROGRESSIVE COMPANIES         177

9.7.2        RESPONSIVE COMPANIES            178

9.7.3        DYNAMIC COMPANIES  178

9.7.4        STARTING BLOCKS         178

9.7.5        COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 179

9.7.5.1    Detailed list of key startups/SMEs    179

9.7.5.2    Competitive benchmarking of key startups/SMEs          180

9.8           COMPANY VALUATION AND FINANCIAL METRICS                 181

9.9           COMPETITIVE SCENARIO             181

9.9.1        PRODUCT LAUNCHES   182

9.9.2        DEALS  182

9.9.3        EXPANSIONS     183

10            COMPANY PROFILES      185

10.1         KEY PLAYERS     185

10.1.1      ASAHI KASEI CORPORATION      185

10.1.1.1  Business overview 185

10.1.1.2  Products/Solutions/Services offered 186

10.1.1.3  Recent developments           187

10.1.1.3.1                Product launches  187

10.1.1.3.2                Expansions             187

10.1.1.4  MnM view              188

10.1.1.4.1                Right to win           188

10.1.1.4.2                Strategic choices   188

10.1.1.4.3                Weaknesses and competitive threats 188

10.1.2      SIGACHI INDUSTRIES    189

10.1.2.1  Business overview 189

10.1.2.2  Products/Solutions/Services offered 190

10.1.2.3  Recent developments           190

10.1.2.3.1                Expansions             190

10.1.2.4  MnM view              190

10.1.2.4.1                Right to win           190

10.1.2.4.2                Strategic choices   190

10.1.2.4.3                Weaknesses and competitive threats 191

10.1.3      DFE PHARMA     192

10.1.3.1  Business overview 192

10.1.3.2  Products/Solutions/Services offered 192

10.1.3.3  Recent developments           193

10.1.3.3.1                Product launches  193

10.1.3.3.2                Deals      193

10.1.3.3.3                Expansions             193

10.1.3.4  MnM view              194

10.1.3.4.1                Right to win           194

10.1.3.4.2                Strategic choices   194

10.1.3.4.3                Weaknesses and competitive threats 194

10.1.4      INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF)                 195

10.1.4.1  Business overview 195

10.1.4.2  Products/Solutions/Services offered 196

10.1.4.3  Recent developments           197

10.1.4.3.1                Deals      197

10.1.4.3.2                Expansions             198

10.1.4.4  MnM view              198

10.1.4.4.1                Right to win           198

10.1.4.4.2                Strategic choices   198

10.1.4.4.3                Weaknesses and competitive threats 198

10.1.5      ACCENT MICROCELL LTD.          199

10.1.5.1  Business overview 199

10.1.5.2  Products/Solutions/Services offered 200

10.1.5.3  MnM view              200

10.1.5.3.1                Right to win           200

10.1.5.3.2                Strategic choices   200

10.1.5.3.3                Weaknesses and competitive threats 201

10.1.6      MINGTAI CHEMICAL CO., LTD. 202

10.1.6.1  Business overview 202

10.1.6.2  Products/Solutions/Services offered 202

10.1.6.3  Recent developments           203

10.1.6.3.1                Expansions             203

10.1.6.4  MnM view              203

10.1.6.4.1                Right to win           203

10.1.6.4.2                Strategic choices   203

10.1.6.4.3                Weaknesses and competitive threats 203

10.1.7      CHEMFIELD CELLULOSE              204

10.1.7.1  Business overview 204

10.1.7.2  Products/Solutions/Services offered 204

10.1.7.3  MnM view              205

10.1.7.3.1                Right to win           205

10.1.7.3.2                Strategic choices   205

10.1.7.3.3                Weaknesses and competitive threats 205

10.1.8      ANHUI SUNHERE PHARMACEUTICAL EXCIPIENTS CO., LTD.      206

10.1.8.1  Business overview 206

10.1.8.2  Products/Solutions/Services offered 206

10.1.8.3  MnM view              207

10.1.8.3.1                Right to win           207

10.1.8.3.2                Strategic choices   207

10.1.8.3.3                Weaknesses and competitive threats 207

10.1.9      ROQUETTE FRERES        208

10.1.9.1  Business overview 208

10.1.9.2  Products/Solutions/Services offered 209

10.1.9.3  Recent developments           211

10.1.9.3.1                Expansions             211

10.1.9.4  MnM view              211

10.1.9.4.1                Right to win           211

10.1.9.4.2                Strategic choices   211

10.1.9.4.3                Weaknesses and competitive threats 211

10.1.10   J. RETTENMAIER & SÖHNE GMBH + CO. KG (JRS PHARMA)             212

10.1.10.1                 Business overview 212

10.1.10.2                 Products/Solutions/Services offered 212

10.1.10.3                 MnM view              213

10.1.10.3.1             Right to win           213

10.1.10.3.2             Strategic choices   213

10.1.10.3.3             Weaknesses and competitive threats 213

10.1.11   RANQ    214

10.1.11.1                 Business overview 214

10.1.11.2                 Products/Solutions/Services offered 214

10.1.11.3                 MnM view              215

10.1.11.3.1             Right to win           215

10.1.11.3.2             Strategic choices   215

10.1.11.3.3             Weaknesses and competitive threats 215

10.1.12   HUZHOU CITY LINGHU XINWANG CHEMICAL CO., LTD.                 216

10.1.12.1                 Business overview 216

10.1.12.2                 Products/Solutions/Services offered 216

10.1.12.3                 MnM view              216

10.1.12.3.1             Right to win           216

10.1.12.3.2             Strategic choices   216

10.1.12.3.3             Weaknesses and competitive threats 217

10.2         OTHER PLAYERS              218

10.2.1      FOODCHEM INTERNATIONAL CORPORATION  218

10.2.2      LIBRAW PHARMA             218

10.2.3      SIXRING                219

10.2.4      PHARMATRANS-SANAQ AG         219

10.2.5      GODAVARI BIOREFINERIES LTD.              220

10.2.6      SHANDONG LOOK CHEMICAL CO., LTD.               220

10.2.7      PRACHIN CHEMICAL      221

10.2.8      AVANTOR, INC. 221

10.2.9      SIDLEY CHEMICAL CO., LTD.      222

10.2.10   STELLAR EXPORTS          222

10.2.11   CELLUTECH       223

10.2.12   MAPLE BIOTECH PVT. LTD.        224

11            APPENDIX           225

11.1         DISCUSSION GUIDE        225

11.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                227

11.3         CUSTOMIZATION OPTIONS        229

11.4         RELATED REPORTS         229

11.5         AUTHOR DETAILS           230

LIST OF TABLES

TABLE 1                MICROCRYSTALLINE CELLULOSE MARKET: PORTER’S FIVE FORCES ANALYSIS           52

TABLE 2                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)                 53

TABLE 3                KEY BUYING CRITERIA, BY APPLICATION                 53

TABLE 4                GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021–2029              54

TABLE 5                MICROCRYSTALLINE CELLULOSE MARKET: ROLES OF COMPANIES IN ECOSYSTEM 59

TABLE 6                AVERAGE SELLING PRICE, BY APPLICATION, 2024 (USD/KG)  61

TABLE 7                AVERAGE SELLING PRICE OF MICROCRYSTALLINE CELLULOSE, BY SOURCE,

2022–2025 (USD/KG)        61

TABLE 8                AVERAGE SELLING PRICE OF MICROCRYSTALLINE CELLULOSE, BY APPLICATION, 2022–2025 (USD/KG)            62

TABLE 9                AVERAGE SELLING PRICE OF MICROCRYSTALLINE CELLULOSE, BY REGION,

2022–2025 (USD/KG)        63

TABLE 10              LEADING IMPORTERS OF HS CODE 391290-COMPLIANT PRODUCTS,

2020–2024 (USD MILLION)            64

TABLE 11              LEADING EXPORTERS OF HS CODE 391290-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            65

TABLE 12              TOP USE CASES AND MARKET POTENTIAL                 69

TABLE 13              BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES           70

TABLE 14              MICROCRYSTALLINE CELLULOSE MARKET: CASE STUDIES RELATED TO

GEN AI IMPLEMENTATION         70

TABLE 15              MICROCRYSTALLINE CELLULOSE MARKET: TOTAL NUMBER OF PATENTS,

2015–2025              71

TABLE 16              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 75

TABLE 17              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           76

TABLE 18              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 76

TABLE 19              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 77

TABLE 20              MICROCRYSTALLINE CELLULOSE MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026       77

TABLE 21              US-ADJUSTED RECIPROCAL TARIFF RATES                 82

TABLE 22              KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR MICROCRYSTALLINE CELLULOSE MATERIAL            82

TABLE 23              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKETS DUE TO US TARIFF       83

TABLE 24              MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (USD MILLION)            90

TABLE 25              MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, 2021–2024 (KILOTON) 90

TABLE 26              MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (USD MILLION)            91

TABLE 27              MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, 2025–2030 (KILOTON) 91

TABLE 28              WOOD-BASED: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (USD MILLION)            92

TABLE 29              WOOD-BASED: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (KILOTON)     92

TABLE 30              WOOD-BASED: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (USD MILLION)            92

TABLE 31              WOOD-BASED: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (KILOTON)     93

TABLE 32              NON-WOOD-BASED: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (USD MILLION)            94

TABLE 33              NON-WOOD-BASED: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (KILOTON)     94

TABLE 34              NON-WOOD-BASED: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (USD MILLION)            94

TABLE 35              NON-WOOD-BASED: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (KILOTON)     95

TABLE 36              MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            97

TABLE 37              MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     98

TABLE 38              MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            98

TABLE 39              MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     98

TABLE 40              FOOD & BEVERAGE: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (USD MILLION)            99

TABLE 41              FOOD & BEVERAGE: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (KILOTON)     99

TABLE 42              FOOD & BEVERAGE: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (USD MILLION)            99

TABLE 43              FOOD & BEVERAGE: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (KILOTON)     100

TABLE 44              PHARMACEUTICAL: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (USD MILLION)            101

TABLE 45              PHARMACEUTICAL: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (KILOTON)     101

TABLE 46              PHARMACEUTICAL: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (USD MILLION)            101

TABLE 47              PHARMACEUTICAL: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (KILOTON)     102

TABLE 48              COSMETICS & PERSONAL CARE: MICROCRYSTALLINE CELLULOSE MARKET,

BY REGION, 2021–2024 (USD MILLION)   102

TABLE 49              COSMETICS & PERSONAL CARE: MICROCRYSTALLINE CELLULOSE MARKET,

BY REGION, 2021–2024 (KILOTON)            103

TABLE 50              COSMETICS & PERSONAL CARE: MICROCRYSTALLINE CELLULOSE MARKET,

BY REGION, 2025–2030 (USD MILLION)   103

TABLE 51              COSMETICS & PERSONAL CARE: MICROCRYSTALLINE CELLULOSE MARKET,

BY REGION, 2025–2030 (KILOTON)            103

TABLE 52              OTHER APPLICATIONS: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, 2021–2024 (USD MILLION)                 104

TABLE 53              OTHER APPLICATIONS: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, 2021–2024 (KILOTON)                 104

TABLE 54              OTHER APPLICATIONS: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, 2025–2030 (USD MILLION)                 105

TABLE 55              OTHER APPLICATIONS: MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, 2025–2030 (KILOTON)                 105

TABLE 56              MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2021–2024 (USD MILLION)            108

TABLE 57              MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, 2021–2024 (KILOTON)  108

TABLE 58              MICROCRYSTALLINE CELLULOSE MARKET, BY REGION,

2025–2030 (USD MILLION)            108

TABLE 59              MICROCRYSTALLINE CELLULOSE MARKET, BY REGION, 2025–2030 (KILOTON)  109

TABLE 60              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (USD MILLION)            110

TABLE 61              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (KILOTON)     111

TABLE 62              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (USD MILLION)            111

TABLE 63              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (KILOTON)     111

TABLE 64              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            112

TABLE 65              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (KILOTON)                 112

TABLE 66              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            112

TABLE 67              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (KILOTON)                 113

TABLE 68              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            113

TABLE 69              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2021–2024 (KILOTON)     113

TABLE 70              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            114

TABLE 71              NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2025–2030 (KILOTON)     114

TABLE 72              US: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            114

TABLE 73              US: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     115

TABLE 74              US: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            115

TABLE 75              US: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     115

TABLE 76              CANADA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            116

TABLE 77              CANADA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     116

TABLE 78              CANADA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            117

TABLE 79              CANADA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     117

TABLE 80              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (USD MILLION)            118

TABLE 81              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (KILOTON)     119

TABLE 82              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (USD MILLION)            119

TABLE 83              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (KILOTON)     119

TABLE 84              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            120

TABLE 85              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     120

TABLE 86              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            120

TABLE 87              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     121

TABLE 88              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            121

TABLE 89              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2021–2024 (KILOTON)     122

TABLE 90              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            122

TABLE 91              EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2025–2030 (KILOTON)     122

TABLE 92              GERMANY: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            123

TABLE 93              GERMANY: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     123

TABLE 94              GERMANY: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            124

TABLE 95              GERMANY: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     124

TABLE 96              FRANCE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            125

TABLE 97              FRANCE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     125

TABLE 98              FRANCE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            125

TABLE 99              FRANCE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     126

TABLE 100            UK: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            126

TABLE 101            UK: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     127

TABLE 102            UK: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            127

TABLE 103            UK: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     127

TABLE 104            ITALY: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            128

TABLE 105            ITALY: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     128

TABLE 106            ITALY: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            129

TABLE 107            ITALY: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     129

TABLE 108            SPAIN: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            130

TABLE 109            SPAIN: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     130

TABLE 110            SPAIN: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            130

TABLE 111            SPAIN: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     131

TABLE 112            REST OF EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            131

TABLE 113            REST OF EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (KILOTON)                 132

TABLE 114            REST OF EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            132

TABLE 115            REST OF EUROPE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (KILOTON)                 132

TABLE 116            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (USD MILLION)            134

TABLE 117            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (KILOTON)     134

TABLE 118            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (USD MILLION)            134

TABLE 119            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (KILOTON)     134

TABLE 120            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            135

TABLE 121            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     135

TABLE 122            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            135

TABLE 123            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     136

TABLE 124            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            136

TABLE 125            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2021–2024 (KILOTON)     136

TABLE 126            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            137

TABLE 127            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2025–2030 (KILOTON)     137

TABLE 128            CHINA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            138

TABLE 129            CHINA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     138

TABLE 130            CHINA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            138

TABLE 131            CHINA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     139

TABLE 132            SOUTH KOREA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            139

TABLE 133            SOUTH KOREA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (KILOTON)                 140

TABLE 134            SOUTH KOREA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            140

TABLE 135            SOUTH KOREA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (KILOTON)                 140

TABLE 136            INDIA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            141

TABLE 137            INDIA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     141

TABLE 138            INDIA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            142

TABLE 139            INDIA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     142

TABLE 140            JAPAN: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            143

TABLE 141            JAPAN: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     143

TABLE 142            JAPAN: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            143

TABLE 143            JAPAN: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     144

TABLE 144            REST OF ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       144

TABLE 145            REST OF ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2021–2024 (KILOTON)                144

TABLE 146            REST OF ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       145

TABLE 147            REST OF ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2025–2030 (KILOTON)                145

TABLE 148            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (USD MILLION)            146

TABLE 149            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2021–2024 (KILOTON)     146

TABLE 150            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (USD MILLION)            146

TABLE 151            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE,

2025–2030 (KILOTON)     146

TABLE 152            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            147

TABLE 153            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (KILOTON)                 147

TABLE 154            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            147

TABLE 155            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (KILOTON)                 148

TABLE 156            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            148

TABLE 157            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2021–2024 (KILOTON)     148

TABLE 158            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            149

TABLE 159            LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY,

2025–2030 (KILOTON)     149

TABLE 160            BRAZIL: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            150

TABLE 161            BRAZIL: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     150

TABLE 162            BRAZIL: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            150

TABLE 163            BRAZIL: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     151

TABLE 164            MEXICO: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            151

TABLE 165            MEXICO: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     152

TABLE 166            MEXICO: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            152

TABLE 167            MEXICO: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     152

TABLE 168            REST OF LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       153

TABLE 169            REST OF LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (KILOTON)                 153

TABLE 170            REST OF LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       153

TABLE 171            REST OF LATIN AMERICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2025–2030 (KILOTON)                154

TABLE 172            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, 2021–2024 (USD MILLION)                 154

TABLE 173            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, 2021–2024 (KILOTON)                 154

TABLE 174            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, 2025–2030 (USD MILLION)                 155

TABLE 175            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY SOURCE, 2025–2030 (KILOTON)                 155

TABLE 176            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)     155

TABLE 177            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2021–2024 (KILOTON)                156

TABLE 178            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       156

TABLE 179            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2025–2030 (KILOTON)                156

TABLE 180            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, 2021–2024 (USD MILLION)                 157

TABLE 181            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, 2021–2024 (KILOTON)                 157

TABLE 182            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, 2025–2030 (USD MILLION)                 157

TABLE 183            MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY COUNTRY, 2025–2030 (KILOTON)                 158

TABLE 184            UAE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            159

TABLE 185            UAE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     159

TABLE 186            UAE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            159

TABLE 187            UAE: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     159

TABLE 188            SAUDI ARABIA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            160

TABLE 189            SAUDI ARABIA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     160

TABLE 190            SAUDI ARABIA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            161

TABLE 191            SAUDI ARABIA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     161

TABLE 192            REST OF GCC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            162

TABLE 193            REST OF GCC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2021–2024 (KILOTON)     162

TABLE 194            REST OF GCC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            162

TABLE 195            REST OF GCC: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION,

2025–2030 (KILOTON)     163

TABLE 196            SOUTH AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            163

TABLE 197            SOUTH AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2021–2024 (KILOTON)                 164

TABLE 198            SOUTH AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            164

TABLE 199            SOUTH AFRICA: MICROCRYSTALLINE CELLULOSE MARKET, BY APPLICATION, 2025–2030 (KILOTON)                 164

TABLE 200            REST OF MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       165

TABLE 201            REST OF MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2021–2024 (KILOTON)                165

TABLE 202            REST OF MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       165

TABLE 203            REST OF MIDDLE EAST & AFRICA: MICROCRYSTALLINE CELLULOSE MARKET,

BY APPLICATION, 2025–2030 (KILOTON)                166

TABLE 204            MICROCRYSTALLINE CELLULOSE MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, JANUARY 2020–JUNE 2025              167

TABLE 205            MICROCRYSTALLINE CELLULOSE MARKET: DEGREE OF COMPETITION         171

TABLE 206            MICROCRYSTALLINE CELLULOSE MARKET: REGION FOOTPRINT     175

TABLE 207            MICROCRYSTALLINE CELLULOSE MARKET: SOURCE FOOTPRINT     176

TABLE 208            MICROCRYSTALLINE CELLULOSE MARKET: APPLICATION FOOTPRINT         177

TABLE 209            MICROCRYSTALLINE CELLULOSE MARKET: DETAILED LIST OF KEY STARTUPS/SMES             179

TABLE 210            MICROCRYSTALLINE CELLULOSE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES                 180

TABLE 211            MICROCRYSTALLINE CELLULOSE MARKET: PRODUCT LAUNCHES,

JANUARY 2020–JUNE 2025              182

TABLE 212            MICROCRYSTALLINE CELLULOSE MARKET: DEALS, JANUARY 2020–JUNE 2025              182

TABLE 213            MICROCRYSTALLINE CELLULOSE MARKET: EXPANSIONS,

JANUARY 2020–JUNE 2025              183

TABLE 214            ASAHI KASEI CORPORATION: COMPANY OVERVIEW          185

TABLE 215            ASAHI KASEI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    186

TABLE 216            ASAHI KASEI CORPORATION: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2025     187

TABLE 217            ASAHI KASEI CORPORATION: EXPANSIONS, JANUARY 2020–JUNE 2025              187

TABLE 218            SIGACHI INDUSTRIES: COMPANY OVERVIEW                 189

TABLE 219            SIGACHI INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    190

TABLE 220            SIGACHI INDUSTRIES: EXPANSIONS, JANUARY 2020–JUNE 2025  190

TABLE 221            DFE PHARMA: COMPANY OVERVIEW     192

TABLE 222            DFE PHARMA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    192

TABLE 223            DFE PHARMA: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2025  193

TABLE 224            DFE PHARMA: DEALS, JANUARY 2020–JUNE 2025                 193

TABLE 225            DFE PHARMA: EXPANSIONS, JANUARY 2020–JUNE 2025             193

TABLE 226            INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): COMPANY OVERVIEW       195

TABLE 227            INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): PRODUCTS/SOLUTIONS/SERVICES OFFERED        196

TABLE 228            INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): DEALS,

JANUARY 2020–JUNE 2025              197

TABLE 229            INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): EXPANSIONS,

JANUARY 2020–JUNE 2025              198

TABLE 230            ACCENT MICROCELL LTD.: COMPANY OVERVIEW          199

TABLE 231            ACCENT MICROCELL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    200

TABLE 232            MINGTAI CHEMICAL CO., LTD.: COMPANY OVERVIEW          202

TABLE 233            MINGTAI CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    202

TABLE 234            MINGTAI CHEMICAL CO., LTD.: EXPANSIONS, JANUARY 2020–JUNE 2025              203

TABLE 235            CHEMFIELD CELLULOSE: COMPANY OVERVIEW                 204

TABLE 236            CHEMFIELD CELLULOSE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    204

TABLE 237            ANHUI SUNHERE PHARMACEUTICAL EXCIPIENTS CO., LTD.: COMPANY OVERVIEW    206

TABLE 238            ANHUI SUNHERE PHARMACEUTICAL EXCIPIENTS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             206

TABLE 239            ROQUETTE FRERES: COMPANY OVERVIEW                 208

TABLE 240            ROQUETTE FRERES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    209

TABLE 241            ROQUETTE FRERES: EXPANSIONS, JANUARY 2020–JUNE 2025  211

TABLE 242            J. RETTENMAIER & SÖHNE GMBH + CO. KG (JRS PHARMA): COMPANY OVERVIEW             212

TABLE 243            J. RETTENMAIER & SÖHNE GMBH + CO. KG (JRS PHARMA): PRODUCTS/SOLUTIONS/SERVICES OFFERED                 212

TABLE 244            RANQ: COMPANY OVERVIEW     214

TABLE 245            RANQ: PRODUCTS/SOLUTIONS/SERVICES OFFERED             214

TABLE 246            HUZHOU CITY LINGHU XINWANG CHEMICAL CO., LTD.: COMPANY OVERVIEW              216

TABLE 247            HUZHOU CITY LINGHU XINWANG CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 216

TABLE 248            FOODCHEM INTERNATIONAL CORPORATION: COMPANY OVERVIEW   218

TABLE 249            LIBRAW PHARMA: COMPANY OVERVIEW                 218

TABLE 250            SIXRING: COMPANY OVERVIEW                219

TABLE 251            PHARMATRANS-SANAQ AG: COMPANY OVERVIEW          219

TABLE 252            GODAVARI BIOREFINERIES LTD.: COMPANY OVERVIEW          220

TABLE 253            SHANDONG LOOK CHEMICAL CO., LTD.: COMPANY OVERVIEW   220

TABLE 254            PRACHIN CHEMICAL: COMPANY OVERVIEW                 221

TABLE 255            AVANTOR, INC.: COMPANY OVERVIEW 221

TABLE 256            SIDLEY CHEMICAL CO., LTD.: COMPANY OVERVIEW          222

TABLE 257            STELLAR EXPORTS: COMPANY OVERVIEW                 222

TABLE 258            CELLUTECH: COMPANY OVERVIEW       223

TABLE 259            MAPLE BIOTECH PVT. LTD.: COMPANY OVERVIEW          224

LIST OF FIGURES

FIGURE 1              MICROCRYSTALLINE CELLULOSE: MARKET SEGMENTATION AND REGIONAL SCOPE              27

FIGURE 2              MICROCRYSTALLINE CELLULOSE MARKET: RESEARCH DESIGN         30

FIGURE 3              MICROCRYSTALLINE CELLULOSE MARKET: BOTTOM-UP APPROACH              34

FIGURE 4              MICROCRYSTALLINE CELLULOSE MARKET: TOP-DOWN APPROACH                34

FIGURE 5              MICROCRYSTALLINE CELLULOSE MARKET: DATA TRIANGULATION                37

FIGURE 6              WOOD-BASED SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2024               40

FIGURE 7              COSMETICS & PERSONAL CARE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41

FIGURE 8              NORTH AMERICA LED MICROCRYSTALLINE CELLULOSE MARKET IN 2024      42

FIGURE 9              HIGH DEMAND FROM COSMETICS & PERSONAL CARE APPLICATION TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS 43

FIGURE 10            PHARMACEUTICAL APPLICATION SEGMENT AND ASIA PACIFIC ACCOUNTED FOR LARGEST SHARES OF MICROCRYSTALLINE CELLULOSE MARKET IN 2024          44

FIGURE 11            WOOD-BASED SEGMENT DOMINATED OVERALL MICROCRYSTALLINE CELLULOSE MARKET IN 2024                 44

FIGURE 12            CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         45

FIGURE 13            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MICROCRYSTALLINE CELLULOSE MARKET                 47

FIGURE 14            MICROCRYSTALLINE CELLULOSE MARKET: PORTER’S FIVE FORCES ANALYSIS           50

FIGURE 15            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION        52

FIGURE 16            KEY BUYING CRITERIA, BY APPLICATION                 53

FIGURE 17            MICROCRYSTALLINE CELLULOSE MARKET: SUPPLY CHAIN ANALYSIS             56

FIGURE 18            MICROCRYSTALLINE CELLULOSE MARKET: VALUE CHAIN ANALYSIS               57

FIGURE 19            MICROCRYSTALLINE CELLULOSE MARKET: KEY PLAYERS IN ECOSYSTEM              58

FIGURE 20            MICROCRYSTALLINE CELLULOSE MARKET: ECOSYSTEM ANALYSIS  59

FIGURE 21            AVERAGE SELLING PRICE TREND OF APPLICATIONS OFFERED

BY KEY PLAYER, 2024      60

FIGURE 22            AVERAGE SELLING PRICE TREND OF MICROCRYSTALLINE CELLULOSE,

BY SOURCE, 2022–2025 (USD/KG)              61

FIGURE 23            AVERAGE SELLING PRICE TREND, BY APPLICATION, 2022–2025 (USD/KG)         62

FIGURE 24            AVERAGE SELLING PRICE OF MICROCRYSTALLINE CELLULOSE, BY REGION,

2022–2025 (USD/KG)        63

FIGURE 25            IMPORT DATA RELATED TO HS CODE 391290-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2020–2024 (USD MILLION)     64

FIGURE 26            EXPORT DATA RELATED TO HS CODE 391290-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2020–2024 (USD MILLION)     65

FIGURE 27            PATENT ANALYSIS, BY DOCUMENT TYPE, 2015–2025        71

FIGURE 28            PATENT PUBLICATION TRENDS, 2015−2025                 72

FIGURE 29            MICROCRYSTALLINE CELLULOSE MARKET: LEGAL STATUS OF PATENTS, 2015−2025               72

FIGURE 30            JURISDICTION OF CHINA REGISTERED HIGHEST NUMBER OF PATENTS, 2015−2025        73

FIGURE 31            TOP PATENT APPLICANTS, 2015−2025   73

FIGURE 32            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   79

FIGURE 33            INVESTOR DEALS AND FUNDING IN MICROCRYSTALLINE CELLULOSE MARKET         80

FIGURE 34            MICROCRYSTALLINE CELLULOSE MARKET: INVESTMENT AND FUNDING SCENARIO, 2025 (USD BILLION)                 81

FIGURE 35            NON-WOOD-BASED MICROCRYSTALLINE CELLULOSE TO REGISTER HIGHER CAGR DURING FORECAST PERIOD                90

FIGURE 36            COSMETICS & PERSONAL CARE APPLICATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD                 97

FIGURE 37            CHINA TO REGISTER HIGHEST CAGR IN MICROCRYSTALLINE CELLULOSE MARKET DURING FORECAST PERIOD                107

FIGURE 38            NORTH AMERICA: MICROCRYSTALLINE CELLULOSE MARKET SNAPSHOT             110

FIGURE 39            EUROPE: MICROCRYSTALLINE CELLULOSE MARKET SNAPSHOT       118

FIGURE 40            ASIA PACIFIC: MICROCRYSTALLINE CELLULOSE MARKET SNAPSHOT       133

FIGURE 41            MICROCRYSTALLINE CELLULOSE MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023 (USD MILLION)                 170

FIGURE 42            MICROCRYSTALLINE CELLULOSE MARKET SHARE ANALYSIS, 2024   170

FIGURE 43            MICROCRYSTALLINE CELLULOSE MARKET: BRAND/PRODUCT COMPARISON             172

FIGURE 44            MICROCRYSTALLINE CELLULOSE MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2024    174

FIGURE 45            MICROCRYSTALLINE CELLULOSE MARKET: COMPANY FOOTPRINT 175

FIGURE 46            MICROCRYSTALLINE CELLULOSE MARKET: COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2024                 178

FIGURE 47            COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS        181

FIGURE 48            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS      181

FIGURE 49            ASAHI KASEI: COMPANY SNAPSHOT       186

FIGURE 50            SIGACHI INDUSTRIES: COMPANY SNAPSHOT                 189

FIGURE 51            INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): COMPANY SNAPSHOT       196

FIGURE 52            ACCENT MICROCELL LTD.: COMPANY SNAPSHOT          199

FIGURE 53            ROQUETTE FRERES: COMPANY SNAPSHOT                 209