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Microcrystalline Cellulose Market worth US$ 1.46 Bn by 2027

Demand for APIs Creates Revenue Streams amid COVID-19 Outbreak Though business activities in the paints & coatings industry might be taking place in a staggered manner, companies in the microcrystalline cellulose market are bullish on growth of the pharmaceutical industry amid ongoing COVID-19 pandemic. Healthcare companies are accelerating their R&D to innovate in efficacious drugs that help to reduce the morbidity and mortality associated with coronavirus. Even as the demand for excipients and active pharmaceutical ingredients (APIs) has surged during the pandemic, delayed treatment and postponement of healthcare appointments are affecting sales of microcrystalline cellulose (MCC). Apart from pharmaceuticals, manufacturers in the microcrystalline cellulose market are establishing steady income sources from food, beverage, and personal care products. Stakeholders in these end markets are tapping into sales opportunities through eCommerce, mobile apps, social media, and online stores.

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