Technology market

Nanocellulose Technology Market Trends and Forecast to 2027

Luton, Bedfordshire, UK, Sep 08, 2022 (GLOBE NEWSWIRE) — Accuracy Consultancy, the market research and consultancy wing of Improve Digital Consultancy Private Limited has completed and published the final copy of the research report detailed about Nanocellulose Technology Market.

The Nanocellulose Technology Market is estimated to reach USD 2247.5 Million by 2027, growing at a remarkable CAGR of 21.3% during the forecast period (2022 to 2027).

Nanocellulose is cellulose with a nanostructure. It can be used to make nanocellulose fibrils from wood-based products. The pulp is processed at high shear forces using ultrasonic homogenizers, high pressure homogenizers and micro fluidizers. Using an acid hydrolysis procedure, it is also possible to extract nanocellulose from the natural fiber, producing extremely hard and crystalline nanoparticles. Nanocellulose (NC) can be produced from a range of cellulosic wastes, including microorganisms from crops and organic wastes.

The attractive properties of nanocellulose can be used in a variety of end-use industries, including the production of composites, paper, food and beverages, personal care, paints and coatings, and pharmaceuticals. . Industries that could be end users include textiles, oil and gas, and construction.

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Who are the key players in the Nanocellulose Technology market?

Borregard, Fiberlean technologies, Celluforce INC, Nippon Paper Industries, Rise Innventia, Stora Enso, American Process Inc, FPInnovations, Oji Holdings Corporation and Blue Goose Refineries.

Competitive Landscape:

August 26, 2020: Stora Enso will construct a pilot plant for the production of cellulose foam by Stora Enso, a fiber-based lightweight foam material for protective packaging and cushioning. Bio-based foams are renewable and recyclable and can be used in packaging, for example, to replace the oil-based polymer foams that are widely used today. The pilot plant will be located at Stora Enso’s Fors Mill in Sweden.

Nanocellulose Technology Market Trends and Growth Factors:

Major competitors in the nanocellulose market are using research and development as one of their major strategies to expand potential industry applications. The development of new products, including aerogels, composites based on bioactive ingredients and hybrid inorganic/organic materials, is ongoing. Due to its light weight and high strength, nanocellulose is also being researched for use in automobile production. Market expansion is expected to be accelerated by increasing research and development efforts related to nanocellulose. By way of illustration, on September 6, 2019researchers from the University of Girona in Spain revealed the creation of bio-based superabsorbent aerogels made of cellulose nanofibers and suggested their potential application in newborn diapers.

Nanocellulose Technology Market Regional Analysis:

Asia-Pacific is expected to grow at a substantial CAGR over the projected period due to growth in composites, packaging, and automotive industry. due to the steady increase in the middle class population and the growing number of newly purchased light cars. Additionally, there are affordable sources of labor and raw materials, cheap manufacturing costs, and a regulatory environment with moderately onerous requirements.

North America is expected to witness a moderate increase in the nanocellulose market owing to expanding production capacities, high consumption potential, and a pick-up in economic growth. The main drivers of growth in this region are the United States and Canada, which are expected to experience strong demand over the projected period.

Nanocellulose Technology Market Scope

Report attributes Report Details
CAGR 21.3%
Year of reference 2022
Historical year 2017 to 2021
forecast year 2022 to 2027
Segments Covered By type, by application
Regions covered
  • North America
  • Europe
  • Asia Pacific
  • Rest of the world
Market growth One of the major drivers of the global nanocellulose market is the rapid expansion of the pharmaceutical and packaging sectors. Major competitors in the nanocellulose market are using research and development as one of their major strategies to expand potential industry applications.

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The NFC segment dominates the largest market share:

Based on Type, this Nanocellulose Market is segmented into: Bacterial Cellulose, Nanocrystalline Cellulose, and Nanofibrous Cellulose (NFC) (BCC). Due to its ability to create a powerful entangled nanoporous network, NFC now holds the largest market share among these types. Due to its simple preparation, high yield, high specific surface area, high strength and rigidity, NFC is increasingly in demand. These are frequently used in nanocomposites due to their exceptional reinforcing ability.

Paper and board applications hold the largest nanocellulose technology market share:

The nanocellulose market is segmented into several categories based on application, including paints & coatings, paper & paperboard, composites & packaging, oil & gas, personal care, and others. Among these applications, the use of nanocellulose as an additive in paper production to generate lighter and stronger paper and paperboard holds the largest nanocellulose market share. As a result, production costs are reduced. This process results in paper with improved qualities such as good print quality, reduced porosity and reduced transparency.

Key market segments: nanocellulose technology Market

Nanocellulosic technology Market by type

  • Cellulose nanofibrils
  • Cellulose nanocrystals
  • Bacterial nanocellulose

Nanocellulosic technology Market by Application

  • Composite manufacturing
  • Paper processing
  • Food and drink
  • Paints and coatings
  • Others

Detailed Table of Contents of Nanocellulose Technology Market Report 2022-2027:

Chapter 01: Executive Summary

Chapter 02: Scope of Nanocellulose Technology Market Report

Chapter 03: Global Nanocellulose Technology Market Landscape

Chapter 04: Global Nanocellulose Technology Market Sizing

Chapter 05: Global Nanocellulose Technology Market Segmentation by Product

Chapter 06: Five Forces Analysis

Chapter 07: Customer Landscape

Chapter 08: Geographic Landscape

Chapter 09: Decision framework

Chapter 10: Drivers and Challenges

Chapter 11: Market Trends

Chapter 12: Manufacturer Landscape

Chapter 13: Manufacturers Analysis

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