Chemicals Industry Today

Global Nanocellulose Market: Rising Industrialization and Ecological Sustainability to Propel Growth, says TMR

Nanocellulose Market was valued at US$54.9 mn in 2014 and is anticipated to reach US$699.6 mn in 2023, expanding at a CAGR of 33.8% between 2015 and 2023
Published 11 March 2018
The global market for nanocellulose is anticipated to witness various growth opportunities over the coming years. According to a recently published report by Transparency Market research (TMR), the vendor landscape is highly competitive and a varied, due to the multitude of applications of the product. Nanocellulose is primarily employed in composites, paints and coatings, oil and gas, paper processing, food and beverages, and personal care products. Oil and gas is likely to be the fastest growing end-user for nanocellulose in the near future. Some prominent players in the global nanocellulose market are AICEL FINECHEM LTD., American Process Inc., Nippon Paper Industries Co., Ltd, UPM-Kymmene Oyj and CelluForce Inc.
According to the report published by TMR, the global nanocellulose market, which stood at US$54.19 mn in 2014, is predicted to reach an estimated value of US$699.6 mn by 2023 end. This massive increase in figure is mainly on account of a phenomenal CAGR of 33.8% over the forecast period (2015 to 2023).
Nanofibrillated Cellulose to Emerge Largest Market Segment Based on End Use
On the basis of the product, nanofibrillated cellulose was the largest segment in 2014, holding over 50% share of the overall nanocellulose market, followed by nanocrystalline cellulose. Nanofibrillated cellulose is used in a number of end-use industries such as oil & gas, composites, pharmaceuticals, paper processing, and paints & coatings.
Based on geography, North America and Europe were the dominant regional markets for nanocellulose, together holding over 60% share in the year 2014. The countries in these regions have been hugely responsible for the growth of nanocellulose, on account of high demand of end use products such as food and beverages, paper processing, and personal care. This trend is expected to continue in the forthcoming years.

Get PDF Brochure for more Professional & Technical industry insights:
Environmental Sustainability Concerns to Provide Rich Growth Opportunity
Growing concerns over ecological balance benefits the global nanocellulose market inferable from the product’s green innovation and eco-accommodating nature. As indicated by a study conducted by the Global Greenhouse Gas Emissions, about 18.5% of pollution is because of industrial procedures, 10.5% because of fossil fuel processing. The rising awareness regarding maintenance of ecological balance will fuel the market in the following years.
The burgeoning packaging industry alongside the immense demand for feasible and sustainable packaging materials is expected to support the nanocellulose market growth over the forecast duration. Stringent protocols implemented by administrative bodies has restricted non-biodegradable packaging material especially for food industry, which is anticipated to drive interest for economical light weight packaging material in the coming years. The product has attractive properties including its light weight, prevalent quality, rigidity and transparency makes it reasonable for various business applications such as oil and gas, automotive, food & beverage, aviation and personal care. It has the possibility to supplant various petrochemical based items and is practical and economically viable when compared with other nanoscale elite materials.

Ask for Discount on Premium Research Report (US$ 5795) With Complete TOC:
Nanocrystalline cellulose is largely used in food & beverages, biocomposites, packaging, and paints & coatings. It enables reduction in the amount of damages caused due to wear and tear and humidity. Thus, nanocrystalline cellulose is a suitable for packaging applications, and is a segment that could provide a number of opportunities for growth on account of its varied use.
This review is based    TMR’s report titled, “Nanocellulose (Nanofibrillated Cellulose, Nanocrystalline Cellulose, Bacterial Nanocellulose) Market for Composites, Paper Processing, Food & Beverages, Paints & Coatings, Oil & Gas, Personal Care, and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023”
Key Takeaways:
  • Nanofibrillated cellulose to emerge as the largest product segment
  • Market share of Asia Pacific is likely to expand in next decade; Other regions are anticipated to exhibit stable growth
For the study, the market has been segmented as follows:
Nanocellulose Market – Product Segment Analysis
  • Nanofibrillated cellulose
  • Nanocrystalline cellulose
  • Bacterial nanocellulose
Nanocellulose Market – End-user Analysis
  • Composites
  • Paper processing
  • Food & beverages
  • Paints & coatings
  • Oil & gas
  • Personal care
  • Others (Including biomedical, electronics, pharmaceutical, etc.)

Other Industry News

Ready to start publishing

Sign Up today!