Description
With extensive research being done on some of the interesting elements all across the globe, the world is on the cusp of major technological innovation. Something as simple as cellulose as attracted the attention of major industries across the globe. Cellulose constitutes one of the key components in plant cells and is quite different from other components like ground cellulose. Ground cellulose is partially depolymerized cellulose and is obtained from wood pulp. A lot of research has been done on the segment, and some of the major companies have come up with fascinating solutions.
The wood pulp obtained from trees goes through some of the natural means and is prepared by the action of bacteria, fungi, algae, or any other marine animal. The substance finds its application in the food industry and is primarily used as a bulking and anti-caking agent. The substance is insoluble in water and hence finds its application in other industries too. The pharmaceutical industry uses the element as a texturizer, extender as well as an emulsifier for its unique properties. Other industries like the personal care products industry have also come up with unique solutions, making it an integral part of every other sector.
The ground cellulose industry hit a major high in the year 2018 and is expected to flourish further in the next few years. As per the reports, the segment hit a major milestone of 17.6 kilotons globally in the year 2016. The market is expected to proliferate further and is expected to reach 31.8 kilotons by the year 2025. The compound annual growth rate for the following period is expected to be around 6.9% for the above-mentioned period.
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Competitor Analysis :- FMC Corporation, JRS Pharma, Mingtai Chemical, Asahi Kasei, Accent Microcell, Wei Ming Pharmaceutical, Juku Orchem Private Limited, Blanver Farmoquimica, Anhui Sunhere Pharmaceutical, Linghu Xinwang Chemical, Shandong Guangda, Huzhou Zhanwang Pharmaceutical, Jining Six Best Excipients, Aoda Pharmaceutical, QuFuShi Medical, Ahua Pharmaceutical, Qufu Tianli, Xinda biotchnology, Rutocel
Segmentation
The global ground cellulose industry can be segmented under numerous categories. Each segment has its unique characteristics and hence affects the growth prospects deeply. Two major factors, based on which, the industry can be segmented into are the type and the application of the product. Based on the type, the ground cellulose industry can be segmented into refined cotton based and wood pulp-based.
On the other hand, based on the application, the industry can be segmented into food & beverage, commodities & personal care, and pharmaceuticals industry. The wide use of ground cellulose has helped the industry grow rapidly in every corner of the world. The industry has a global presence, and extensive research on the element show some positive sign of growth.
Regional Overview
The ground cellulose industry has a global presence and has a global presence. Easy availability of the substance, coupled with great usage, has promoted the use of ground cellulose. The United States holds the lion share, followed by Europe. The rapidly expanding pharmaceutical industry has been the key factor for the growth of the ground cellulose industry. The Asia Pacific region is expected to show some great growth with nations like China and India leading the race. The growth prospects of the industry show some great signs of growth and hence, has attracted major investors all across the globe.
Industry news
In a recent event, ground cellulose is expected to replace plastic. The substance is mixed with other chemical ingredients at -12 degrees. Being biodegradable, the industry is expected to have a positive impact on the environment, and hence, the project is being backed by major organizations across the globe. The initial results are positive, and hence, the research team is busy on understanding the filming property of cellulose.
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