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Global Nanocellulose Technology Market Projected to Grow at a Notable CAGR of 30% during Forecast 2017 – 2025
Market Research Hub
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About nanocellulose, it has been found that its unique properties such as high tensile strength, low density and high degree of thermal stability make it a highly demandable product for various end-user industries. Various end-user industries are composites manufacturing, paper processing, food & beverage, personal care, paints & coatings and pharmaceutical. According to the research key findings, the global nanocellulose technology market was valued at US$ 50 Mn in 2016 is anticipated to register a steady CAGR of over 30 % during the forecast period of 2017 to 2025.
Further, the study has found that demand for nanocellulose materials is on the rise due to the biodegradability and compatibility. Apart from that, continuous technological innovations, advancements made in the personal care and pharmaceutical sectors and rise in focus on biodegradable products are propelling the demand for nanocellulose.
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In order to provide a comprehensive view of the market, the global market has been divided into various segments and sub-segments to cover all market aspects and these segments are product, end user and region. On the basis of product type, nanocellulose products can be classified as CNF (Cellulose Nano Fibrils), CNC (Cellulose Nano Crystals) and BNC (Bacterial Nano Cellulose). On the basis of region, the global market is divided into North America, Europe, Latin America, Asia Pacific and Middle East and Africa. The regional outlook offered in the study presents analysis of market size (US$ thousand) and Volume (kilograms) for the individual region. As per the analyst findings, extensive support and funding by the governments across the globe are projected to boost nanocellulose market. In this scenario, North America and Europe are leading the market.
The report also includes a detailed competitive landscape that profiles the business and product strategies of some of the leading companies in the market. Key companies include Nippon Paper Industries Co., Ltd, Borregaard, Innventia AB, UPM-Kymmene Corporation, Melodea Ltd, CelluForce Inc, American Process, Inc., Oji Holdings Corporation, Daicel Finechem Ltd., Axcelon Biopolymers Corporation, Stora Enso, BASF SE, and Sappi Global.
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