Nanocellulose Market Size is Expected to Grow CAGR at a 20.40% By 2027 | Reports and Data
Reports and Data estimates the global Nanocellulose competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global Nanocellulose during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Asahi Kasei Corporation, Sappi Ltd., Fpinnovations, Kruger Inc., CelluForce Inc., Nippon Paper Group Inc., Stora Enso, Borregard A.S.A., CelluComp Ltd., Oji Paper, and American Process Inc.
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Nanocellulose Overview :-
The global Nanocellulose market is forecasted to grow at a rate of 20.4% in terms of value, from USD 247.2 Million in 2019 to reach USD 1.08 Billion by 2027. The increasing scope of application for cellulosic materials in paper & pulp manufacturing, coupled with growing environmental concerns is expected to witness significant growth over the forecast period. It is also anticipated that unstable petrochemical prices will propel market demand in the future. It is likely that biodegradable, non-toxic, and sustainable material, along with thixotropic Nanocellulose properties, would move the market’s order in the coming years. Cost efficiency and abundant raw material availability, such as cellulose, are expected to improve the product supply scenario in the future. High economies of scale in the manufacturing process of Nanocellulose are likely to propel market demand. Increasing demand for environmentally friendly paints, coatings, and composites are expected to drive the market soon.
Increasing demand in healthcare applications such as antimicrobial films, bio-polymers, bio-barriers, sanitary napkins, wound dressing, and tampons are expected to drive the market over the forecast period due to enhanced absorbent properties. Globally operating companies invest heavily in R&D to develop application-specific finished goods that are further expected to fuel business growth in the coming years.
Nanofibrillated cellulose implies very low oxygen permeability, which makes it highly desirable for a variety of applications, including paints & coatings, food packaging, and paper processing, among others. Nanocrystalline cellulose product is a promising renewable biomaterial used in high-performance nanocomposites as a reinforcing component. Specific functional nanomaterials with considerably enhanced properties can be produced through proper modification of nanocrystalline cellulose, which will boost their market.
Demand for micro fibrillated cellulose & nano fibrillated cellulose is increasing exponentially, mainly due to its nano-scale dimensions and the potential to form a robust twisted network of nanoporous substances. It grows due to its relative ease of preparation in high specified surface area, and high yield strength and rigidity. Because of its excellent binding ability, this bio-based nanomaterial commonly used in nanocomposites.
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For the purpose of this report Reports and Data has segmented global Nanocellulose market on the basis of type, application, and region:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
- Nano Fibrillated Cellulose
- Nanocrystalline Cellulose
- Bacterial Nanocellulose
Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
- Paper Processing
- Food & Beverage
- Paint & Coating
- Oil & Gas
- Personal Care
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Nanocellulose during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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