Press release
Nanocellulose Market to rise at Astounding CAGR of 33.8% during 2015–2023
Unique properties of nanocellulose include high aspect ratio, biodegradability, high strength, and low density. Nanocellulose can be employed in virtually every field. It can be used as rheological modifier in oilfield chemicals and oxygen barrier in packaging films.
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Nanocellulose is further classified into nanofibrillated cellulose, nanocrystalline cellulose, and bacterial nanocellulose. Nanofibrillated cellulose accounted for the largest share (over 50%) of the global nanocellulose market in 2014. Nanofibrillated cellulose is manufactured through a series of mechanical treatments. This includes homogenization, microgrinding, and microfluidization, followed by enzymatic treatment and oxidation. Nanofibrillated cellulose can be employed in various end-user industries such as paints & coatings, paper processing, composites, oil & gas and adhesives.
Nanocrystalline cellulose accounted for the second-largest share of the nanocellulose market in 2014. It can be used in packaging films, textiles, and personal care products. Bacterial nanocellulose held the lowest share of the market in 2014; however, it is expected to be one of the fastest growing product segments during the forecast period. Bacterial nanocellulose offers immense potential in the fields of biomedical implants and drug delivery systems.
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Composites, paper processing, paints & coatings, and food & beverages were among the key end-users of nanocellulose in 2014. Composites was the largest end-user segment of the nanocellulose market and accounted for more than 35% of the market share in 2014. Nanocellulose is used in composites owing to its high strength and low density. Nanocellulose-based composites can be used in automotive, aerospace, and construction components. Nanocellulose is employed as rheological modifier and emulsion stabilizer in paints & coatings, food & beverages, and oil & gas industries. Other end-users of nanocellulose include electronics, biomedical, pharmaceutical, and textile industries. Nanocellulose can be used in the formation of flexible displays and drug delivery systems.
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