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MFC Fiber Market Outlook Highlights Major Opportunities Likely to Steer Demand during Forecast Period
MFC fiber marketplace has witnessed a significant evolution in terms of processing and production methods applied.
Microfibrillated cellulose fibers, also known as MFC fibers are naturally occurring polymers. Structurally the polymer is made of repeating units of glucose known as cellulose fibers that are stacked together to form fibrils. The polymer fibrils that are of nanometer dimension in diameter and micrometer in length are called MFC fibers. This dimension aspect ratio gives the MFC fibers their greater strength.
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Fact.MR has published a 10-year outlook of the MFC fiber market in the report titled, “MFC Fiber Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028.” The report covers all the vital facets of the market such as megatrends in the market, market drivers, market challenges and future opportunities. A thorough analysis of regional market performance, supply-demand scenario and associated industry analysis has derived the most credible forecast of the MFC fiber market for the period 2018-2028.
The Big Becomes Bigger - Top 5 Players Collectively Hold over 75% of MFC Fiber Market Share
The microfibrillated cellulose (MFC) fiber marketplace has witnessed the dominance of traditional players who have their proprietary method of MFC fiber production. FiberLean Technologies, Borregaard and Stora Enso are examples of such market players of which FiberLean Technologies hold over 55% revenue share in the MFC Fiber Market.
Including FiberLean, Borregard, Stora Enso, Daicel FineChem. Ltd. and Norske Skog are top 5 market players. While FiberLean Technologies continues to remain the market front-runner, Norke Skog is a contender in the MFC fiber market along with other emerging players such as CelluComp Ltd. and J. RETTENMAIER & Söhne Group competing to increase their market share.
A Good Competitive Price Point Helps MFC Fiber Market to Flourish
Microfibrillated cellulose is extracted from plant waste making the raw material cost-effective for the final MFC fiber production. In addition, the MFC fiber marketplace has witnessed a significant evolution in terms of processing and production methods applied.
With the inclusion of new sources, novel pre- and post-treatment and new mechanical processes, a significant optimization has been established in MFC fiber production. With the advanced yet feasible mode of production and easy accessibility of raw materials.
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Bio-Based Materials –A Changing Industrial Landscape Befits MFC Fiber Market Growth
Microfibrillated cellulose (MFC) fiber is a renewable and biodegradable material. Sustainability of microfibrillated cellulose fibers is ensured by its non-food and non-land competing nature. Industries such as paper and packaging are increasingly utilizing renewable and biodegradable materials such as MFC fibers. Further, beneficial properties of MFC fiber augurs well for end-users in achieving light-weight and stronger paper and packaging solutions.
Aware of these demand trends across industries, manufacturers in the MFC fiber market have ramped up their production capacities of MFC fiber. Apart from paper and packaging industry, increasing application of high quality MFC fiber in cosmetics and pharmaceutical industries has led manufacturers to focus on expanding their existing portfolio of MFC fibers.
Sustainability-Oriented Government Advocacy Underpins Bullish Outlook for MFC Fiber Market
MFC fibers are categorized under next-generation materials that hold potential to replace non-biodegradable materials across industrial applications such as additives, composites, viscosifiers, rheology modifiers, and thickeners. To develop processes with increased production of nano and microfibrillated cellulose fibers at pilot and commercial scales, government agencies have made considerable investments and partnered with research organizations.
Borregaard has received EUR of 25 million EU funding for the development and commercialization of Borregaard’s Exilva MFC fiber in 2016. The financial assistance comes from “Horizon 2020 Flagship Programme”- the EU Framework Programme for Research and Innovation. Norske Skog also received funding of NOK 6.5 million from Innovation Norway for enhanced production of MFC fiber.
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