As per the research report titled ‘Global Silicified microcrystalline cellulose Market Size study with COVID Impact, By Type (Table, Power) and By Application (Pharmaceutical, Food & Beverage, Cosmetics & Personal Care and Others) and Regional Forecasts 2020-2027’ available with Market Study Report, global silicified microcrystalline cellulose market is expected to record substantial expansion over 2020-2027.
 

For those uninitiated, SMCC (silicified microcrystalline cellulose) is a commonly used excipient that offers binding, compatibility and high intricate flow properties as well as enhanced lubrication efficiency.
 

Increasing emphasis of industry partakers towards technological advancements and innovations in order to gain a competitive advantage with regards to availability of substitute products as well as volatile prices is bolstering the growth of global silicified microcrystalline cellulose market.
 

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These companies are focusing on developing advanced methods & technologies which involves low-grade compressible product that is co-processed through SiO2 (Silicon Dioxide) and acts as a companion excipient. These methods help in enhancing the mechanical properties of the final product, which in turn is augmenting the industry remuneration.
 

Furthermore, rising R&D investments in the pharmaceutical industry is further aiding the market expansion. Additionally, surging demand for MCC (microcrystalline cellulose) in the food & beverage vertical due to its capability of increasing product shelf life are further stimulating the overall market outlook. Citing an instance, according to Statista, the food market accounts for a revenue of around USD 7,488,160 million in 2020.
 

Based on type, global SMCC market is split into power and table. With regards to the application spectrum, the market is segmented into cosmetics & personal care, food & beverage, pharmaceutical, and others.
 

Moving on to the regional analysis, the report claims that Asia-Pacific silicified microcrystalline cellulose market is estimated to register substantial expansion over 2020-2027. Surging demand for coating & painting products along with increasing urbanization & industrialization are favoring the market outlook in APAC. Furthermore, high concentration of developing countries such as Vietnam, Malaysia, Thailand, and Indonesia are augmenting the regional demand for silicified microcrystalline cellulose.
 

The companies that hold a strong presence in worldwide silicified microcrystalline cellulose market are Asahi Kasei Corporation, Yingkou Aoda Pharmaceutical Co., Ltd., Huzhou Zhanwang Pharmaceutical Co., Ltd., Rutocel, Mingtai Chemical Co Ltd., Huzhou Linghu Xinwang Chemical Co., Ltd., Wei Ming Pharmaceutical Mfg Co Ltd., QuFuShi Medical, Anhui Sunhere Pharmaceutical Excipients Co., Ltd., and Qufu Tianli Medical Supplements Co.,Ltd among others.