Microfibrillated Cellulose (MFC) Market to Reach US$ 565.7 Million by 2028 - Coherent Market Insights

News provided by

Mar 14, 2022, 13:30 ET

SEATTLE, March 14, 2022 /PRNewswire/ -- According to Coherent Market Insights, The global Microfibrillated cellulose (MFC) market was valued at US$ 200.6 million in 2020 and is expected to exhibit a CAGR of 13.84% during the forecast period (2021-2028).

Key Trends and Analysis of the Global Microfibrillated cellulose (MFC) Market:

Microfibrillated cellulose has huge growth potential to replace plastic in packaging application 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 expected 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. Microfibrillated cellulose are bio-based materials and are synthesized from wood pulp. This natural product caters to various industries including paper, packaging, and others. Thus, the increasing demand for biodegradable products is expected to drive the growth of the microfibrillated cellulose market globally during the forecast period.

Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/4967

Key Market Takeaways:

The global Microfibrillated cellulose (MFC) market is expected to exhibit a CAGR of 13.84% over the forecast period (2021-2028). Growing awareness about microfibrillated cellulose is expected to boost the demand for microfibrillated cellulose in various applications such as paper, packaging, pharmaceuticals, personal care & cosmetics. Microfibrillated cellulose fiber is used as food additive that can be used as thickener or stabilizer for a wide range of food and beverages.

Major players operating in the global Microfibrillated cellulose (MFC) market include Borregaard Chemicals Company, Daicel Corporation, FiberLean Technologies Ltd, J. Rettenmaier & Söhne, Nippon Paper Industries Co., Ltd, Norske Skog ASA, Sappi Limited, Stora Enso Oyj, Weidmann Fiber Technology, and Zelfo Technology GmbH.

Key players are focusing on implementing strategies such as acquisitions and mergers to gain a competitive edge in the global market. For instance, in January 2021, in April, Horn (a U.S.-based raw materials and chemicals distributor) announced partnership with Borregaard (a Norway-based renewable product manufacturing company). Under this partnership, Horn became an exclusive distributor of microfibrillated cellulose for Borregaard in the U.S.

Request for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/4967

Detailed Segmentation:

Global Microfibrillated Cellulose Market, By Manufacturing Process:

Mechanical
Chemical
Biological

Global Microfibrillated Cellulose Market, By Application:

Paper
Packaging
Pharmaceuticals
Paints and Coatings
Personal Care & Cosmetics
Others (Home Care & Food & Beverages)

Global Microfibrillated Cellulose Market, By Region:

North America

By Country:

U.S.
Canada

Europe

By Country:

U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe

Asia Pacific

By Country:

China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific

Latin America

By Country:

Brazil
Mexico
Argentina
Rest of Latin America

Middle East & Africa

By Country:

GCC Countries
Israel
South Africa
Rest of Middle East & Africa

Buy this Complete Report Now @ https://www.coherentmarketinsights.com/insight/buy-now/4967

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone:
US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: [email protected]
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter