Global Nanocellulose Market Projected to Reach USD 670 Million by 2026

17-Jun-2020 | Facts and Factors

Findings from Facts and Factors report “Nanocellulose Market By Type (Microfibrillated Cellulose and Cellulose Nanocrystals), and By Application (Pulp& paper, Composites & packaging, Biomedical & pharmaceuticals, and Electronics & sensors): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Nanocellulose market in 2019 was approximately USD 290 Million. The market is expected to grow above a CAGR of 19% and is anticipated to reach over USD 670 Million by 2026.

Nanocellulose is a substance made up of micro-sized cellulose oligomers with a high ratio of length to width (appearance) Typical measurements vary from 5-20 nm to extreme micrometers. In nature it is semi-plastic and under normal conditions has the properties of a gel and viscous liquid, but when it is agitated, it becomes less viscous and can float. This property is referred to as thixotropy.

Browse the full “Nanocellulose Market By Type (Microfibrillated Cellulose and Cellulose Nanocrystals), and By Application (Pulp& paper, Composites & packaging, Biomedical & pharmaceuticals, and Electronics & sensors): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/nanocellulose-market-by-type-microfibrillated-cellulose-and-cellulose-1209

The global nanocellulose market is expected to see significant growth over the forecast period as cellulose materials are increasingly used for paper and pulp production, along with increasing environmental concerns. Unstable petrochemical rates are expected to increase consumer demand in the near future. The biodegradable, non-toxic and reusable nature, together with the thixotropic nature of nanocellulose, is expected to increase demand in the next seven years. Price efficiency and the extensive availability of raw materials such as cellulose are projected to boost the food supply scenario in the near future. High cost savings in nanocellulose production are projected to fuel consumer demand in the near future.

The growing demand for environmentally friendly paints, composites and lacquers is expected to drive the market in the near future. Increases in health requirements such as biobarriers, antimicrobial films, biopolymers, toilets, tampons and wound dressing are expected to boost the market over the forecast period due to enhanced absorbent properties. Global market companies are investing aggressively in R&D to develop applications-specific finished goods that will further fuel demand growth over the next seven years.

The growing demand for industrial production generates the need for technical advances in the commercialization of the commodity in the industry. Bio-based nanocellulose can be produced using the required conversion and extraction technologies and is expected to increase consumer demand over the forecast period as a result of favorable government policies to encourage the production and use of bio-based products.

Nanocellulose is expected to replace a number of products in the future, so that reproducible and reliable data for the marketing of nanocellulose products and the acquisition of consumer confidence must be generated. It is expected that nanocellulose manufacturers and research institutions will play a key role in addressing the trust issues associated with the launch of new nanocellulose products. Suitable promotional practices and product positioning will lead consumers to adopt nanocellulose products. Government funding, along with an efficient supply chain, would also play an important role in increasing global market penetration.

In 2019 the antipsychotic segment was the biggest market segment. It is used as part of an SSRI combination therapy and has shown promising outcomes that lead to more physicians who favor these medications. Anticonvulsants serve as a strong mood stabilizer for mental illness, reducing depression and nanocellulose symptoms with no exacerbation of mania. These drugs circumvent conventional antidepressant drug limitations as they normalize mood without causing depression or mania. The widespread use of anticonvulsants as a single drug or in combination therapies would lead to rapid segment growth over the forecast period.

The global nanocellulose treatment industry continues to dominate North America. Increased awareness among the public, increased R&D spending, the use of skilful work to manufacture product and increased investment in the pharmaceutical industry are expected to increase the Asia Pacific market at a faster rate of growth.

Report Scope

Some of the leading players in the global market include

Sappi Ltd., Innventia AB, Borregard ASA, Fpinnovations, CelluForce Inc, American Process Inc, STORA ENSO, Daicel FineChem Ltd, Kruger Inc, Nippon Paper Group Inc, CelluComp Ltd., J. Rettenmaire & Sohne GmBH (JRS), Melodea Ltd, Asahi Kasei Corporation, and Others.

This report segments the Nanocellulose market as follows:

By Type Segmentation Analysis

• Microfibrillated Cellulose
• Cellulose Nanocrystals

By Application Segmentation Analysis

• Pulp& paper
• Composites & packaging
• Biomedical & pharmaceuticals
• Electronics & sensors

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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