Nanocellulose 2023 Industry - Technologies, Applications, Verticals, Strategies & Forecast 2030

 

Nanocellulose Industry Overview

The global nanocellulose market size was valued at USD 351.5 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. 

The growth is attributable to the rise in demand for various applications and the shifting trend for using bio-based goods are the factors responsible to drive demand for product. Due to its various qualities, such as increased paper machine efficiency, better filler content, lighter base mass, and higher freeness, nanocellulose is suitable for the producing a wide range of products. The paper industry uses nanocellulose as a prominent sustainable nanomaterial additive owing to its high strength, strong oxygen barrier performance, low density, mechanical qualities, and biocompatibility among the available bio-based resources. Additionally, the construction of materials, aqueous coating, and others are some of the major uses of nanocellulose composite materials.

Gather more insights about the market drivers, restrains and growth of the Nanocellulose Market

The U.S. is the largest market for nanocellulose in North America contributing a considerable amount to global revenue. People in the U.S. are concerned about their health, which has greatly aided the use of MFC (Micro fibrillated Cellulose) and CNF (Cellulose nanofibers) in the production of functional food products thus increasing the demand for nanocellulose in the country.

The food & beverage, and paper & pulp industry are majorly driving product growth in the country. Demand in the country is majorly driven by the increasing awareness and insistence on highly advanced sustainable products along with paper-based packaging in the food & beverage industries.

The pulp & paper business heavily utilizes nanocellulose as an ingredient to create light and white paper that further accelerates the market growth. Owing to its benign qualities it is used in healthcare applications such as biomedicines and personal hygiene products. Additionally, owing to its superior adsorption abilities, Nanocellulose is a suitable constituent for sanitary napkins and wound dressings. The market has been further stimulated by expanding product research activity.

Nanocellulose Market Segmentation

Grand View Research has segmented the global nanocellulose market report based on the type, application, and region:

Type Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

·         CNF (NFC, MFC)

·         Bacterial Cellulose

·         CNC

Application Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

·         Pulp & Paperboard

·         Composites

·         Pharmaceuticals & Biomedical

·         Electronics

·         Food & Beverages

·         Others (Textile, Paints, cosmetics, Oil & Gas, Cement)

Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

North America

·         US

·         Canada

·         Mexico

Europe

·         UK

·         Germany

·         Netherlands

·         France

·         Finland

·         Norway

·         Sweden

·         Switzerland

·         Spain

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Thailand

·         Malaysia

·         Singapore

Central & South America

·         Brazil

·         Colombia

·         Chile

Middle East & Africa

·         Saudi Arabia

·         South Africa

·         Israel

·         Iran

Browse through Grand View Research's Renewable Chemicals Industry Research Reports.

The global chondroitin sulfate market size was valued at USD 1.29 billion in 2023 and is projected to grow at a CAGR of 3.6% from 2024 to 2030.

The global pine-derived chemicals market size was estimated at USD 5.82 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is consolidated owing to the existence of a few major players in the market including Cellu Force, Fiber Lean, Kruger INC., and others. Manufacturers operating in the market engage in strategic mergers & acquisitions, geographical expansion, product developments, and innovation in order to strengthen their positions, increase profitability, and simultaneously generate innovations and advancements.

When compared to other nanotechnology high-performance materials, nanocellulose offers a lower cost and the potential to replace many products made from petrochemicals. It has exceptional qualities like biodegradability, transparency, flexibility, high mechanical strength, and barrier characteristics, among others. Growing interest in health issues and the food & beverage industries will both have a significant impact on the market share in the years to come.

Consequently, the focus on manufacture of the product has increased owing to increasing awareness about health and environmental concerns arising from harmful chemical products. The global market has witnessed several new product developments, mergers & acquisitions and joint ventures due to several industrial challenges. Some prominent players in the global nanocellulose market include:

·         Cellu Force

·         Fiber Lean

·         NIPPON PAPER INDUSTRIES CO., LTD.

·         Kruger INC

·         Borregaard AS

·         CelluComp

·         Melodea Ltd

·         Blue Goose Refineries

·         GranBio Technologies

·         Stora Enso Biomaterials

Order a free sample PDF of the Nanocellulose Market Intelligence Study, published by Grand View Research.

 

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