Consumption of MFC fibers is estimated to surpass 5,580 tons, with an impressive 11.3% Y-o-Y growth in 2018 over 2017, according to Fact.MR’s new study. Overall growth of the MFC fiber market can be attributed to,
- Potential applications in the packaging and paper industries
- Government advocacy to develop scale-up production processes of MFC fibers
- Biodegradable nature of fibers complements rising demand for sustainable production solutions
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As Performance Enhancer, MFC Fiber Utilization to Cross Two-Third of Global Demand in 2018
Fact.MR study opines that demand for MFC fibers as a performance enhancer agent is expected to register over 65% of the MFC fiber demand in 2018. As a performance enhancer agent, MFC fibers are used as a rheology modifier, thickening agent and strengthening agent.
In the barriers film landscape, MFC fibers hold the potential to replace plastic in the packaging industry. Incorporation of MFC fibers in fiber products deliver greater performance, improved tear resistance and oxygen and moisture barrier. As these are the essential quality sought after by barrier films manufacturers, Fact.MR study shows that demand for MFC fibers in barrier films application registered one third of the global consumption in 2017 and the demand will continue in 2018.
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Key Segments of Microfibrillated Cellulose Fiber Market
- Barrier Films
- Performance Enhancers
- Rheology Modifiers
- Thickening Agents
- Strengthening Agents
- End-use Industry
- Paints & Coatings
- Personal Care
Europe Held over Two-Fifth Share in MFC fiber Market in 2017, North America Followed Suit
Fact.MR study opines that Europe continues to register considerable demand for MFC fibers and held over two-fifth share in the MFC fiber market. Countries in Northwestern Europe are estimated to consume prominent quantities of MFC fibers and account for nearly half the Europe consumption. North America with its significant production as well as consumption of paper, is expected to follow Europe in generating demand for nearly 2000 tons of MFC fibers in 2018.
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Well aware of potential industry benefits in the future, manufacturers have developed their proprietary production methods or initiated collaborations with technology savants to meet the large-scale demand for MFC fibers. According to Fact.MR, the MFC fiber marketplace remains a consolidated landscape wherein traditional players continue to strengthen their position in the global marketplace.
While front-runners and competitors ensure continued stronghold in the MFC market, lack of awareness regarding the full use of MFC fibers, limitations of large-scale production and competitive pricing in the market are milestones to be achieved by MFC fiber manufacturers in the future.
The Fact.MR report tracks the MFC fiber market for the period 2018-2028. According to the report, the MFC fiber market is projected to grow at over 13% CAGR through 2028.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/10/09/1927339/0/en/Global-Ductile-Iron-Pipes-Market-to-Observe-an-Upswing-Owing-to-Technological-Advancements-Says-Fact-MR.html
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