Global Nanocellulose Market Size, Share, Growth, Industry Perspective, Comprehensive Analysis, Segment, Trends and Forecast, 2022
Jun 12, 2019
Global Nanocellulose Market Information: by Type [Nanofibrillar Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose (BCC)], Application (Composites & Packaging, Paper & Board, Paints & Coatings, Oil & Gas, Personal Care, and Others), and Region- Forecast till 2023
Pune, India - June 12, 2019 /MarketersMedia/ —
Nanocellulose Market Overview:
The global Nanocellulose market is growing with the instantaneous pace; mainly due to the expanding composites & packaging industries. According to a recent study report published by the Market Research Future, the global market of Nanocellulose is booming and expected to gain strong influence over the forecast period. The market is estimated to demonstrate a remarkable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the forecasted period (2017 – 2023).
Globally, the market for Nanocellulose is driven by the region North America, owing to growing consumption of the product in numerous applications such as ultimate body armour, super flexible screens, future filters, bendable batteries, and others. This light weight solid material is also used in paper & board, paints & coatings, personal care, composites & packaging, and oil & gas due to advantages offered by the product such as dimensional ability and thermal stability. Moreover, Nanocellulose is also utilized as a composite coating agent in cosmetic agent for nail, hair, eyebrows or eyelashes.
Increasing demand for the product in various applications such as anti-microbial films, water absorbent pads, and others signifies the growth of medical sectors. Moreover, growing consumption of product due to unique features offered by the product such as lightweight, electrically conductive, non-toxic, high tensile strength, transparent, and other features provide a boost to the Nanocellulose market growth.
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Top Key Players:
DAICEL FINECHEM LTD
NIPPON PAPER INDUSTRIES CO., LTD.
Borregaard
CelluForce
Sappi Ltd.
Kruger Inc.
STORA ENSO
AmericanProcess Inc.
UPM
J. RETTENMAIER & SÖHNE GmbH + Co KG
Industry/ Innovation/ Related News:
February 17, 2015 – CelluForce (U.S.), one of the leading producers of Nanocellulose, declared that the company has accepted a contribution of $4 million from Sustainable Development Technology Canada (SDTC) to improve the extraction process of cellulose from wood pulp and produce applications in the oil & gas sector, where the product can be used extensively. These changes are expected to create a better product than before. One of the sources of the company also announced that the product can be utilized in immensely in oil & gas applications. Therefore, these factors are expected to drive the market over the assessment period.
March 12, 2015 – Sappi Ltd. (South Africa), one of the leading producers of Nanocellulose, declared that the company has chosen Brightlands Chemelot Campus in the Netherlands to build a pilot plant for the production of Nanocellulose. This plant was said to be operational within nine months. One of the sources of the company also announced that the raw material for generation of product were supplied by any of any of Sappi’s Saiccor, Ngodwana and Cloquet dissolving wood pulp plants. Therefore, these factors are expected to drive the market due to growing demand in end-use industries over the assessment period.
Nanocellulose Market Regional Analysis:
Geographically, North America is leading the Global Nanocellulose Market. The U.S. holds the major portion owing to expanding production capacity and rising demand for the product in various applications. Increasing consumption of Nanocellulose in paper & board, paints & coatings, personal care and others has boosted the market demand in Canada, and Mexico. Asia Pacific has witnessed a significant growth in the market owing to rapid consumption of the solid material in cosmetics & personal care products. A notable growth has been received by the European region due to rapid consumption of the product in passenger cars, vehicles, and others in the automotive sector. Additionally, the market is rising significantly in the Middle East & Africa and Latin America regions, due to growing oil & gas industry
Nanocellulose Market Competitive Landscape:
The Nanocellulose market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Nanocellulose market is set to grow at a significant rate which is likely to attract many entrants to the market resulting into healthy competition in the future. Manufacturers operating in the Nanocellulose market are striving to respond to an increase in demand for the product from packaging, paints & coatings, composites & packaging, and other sectors attributed to growing production capacity in major sectors. They ensure to deliver the best quality products based on innovative technologies, solutions and best practices.
Nanocellulose Market Segmentation:
The Global Nanocellulose Market is segmented on the basis of type, application, and region. Based on type, the market is classified into nanofibrillar cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose (BCC). Based on the application, the market is categorized into composites & packaging, paper & board, paints & coatings, oil & gas, personal care, and others. Based on the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Intended Audiences:
• Nanocellulose Manufacturers
• Traders and Distributors of Nanocellulose
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory
Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: [email protected]
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/nanocellulose-market-4554
Source: MarketersMedia
Release ID: 523535
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