Global Nano Cellulose Market to Record Considerable Growth Given Nano Cellulose's Remarkable Properties

Inkwood Research estimates that the Global Nano Cellulose Market is projected to register a CAGR of 18.05% in terms of revenue during the forecasting years of 2021-2028.

"Browse 43 Market Data Tables and 40 Figures spread over 165 Pages, along with an in-depth TOC on the Global Nano Cellulose Market Forecast 2021-2028."

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Nano cellulose entails a group of materials possessing at least one of its fibrous dimensions on a nano-scale. According to the European Union, nano cellulose is an organically mass-produced material, wherein more than half the number of particles, and one or more external dimensions in the quantity distribution, ranges between the size of 1nm to 9nm.

Exceptional Properties of Nano Cellulose Fuels Market Growth

Nano cellulose provides excellent mechanical, thermal, and structural properties. As a result, it is adopted across a varied range of applications, such as oil and gas, paints and coatings, composites, and paper processing. Moreover, owing to its renewable nature, the demand for nano cellulose from biomedical and material science applications has accelerated. For instance, the mechanical properties of nanocrystalline cellulose ensure its suitability for material applications.

On the other hand, the predominant demand for nano cellulose has observed a swift increase, especially from applications like oil and gas, and paint and coatings. For instance, using nano cellulose as an additive in paints and coating enhances the paints' durability and resistance and minimizes VOC emissions. Similarly, the rapid increase in residential construction, particularly in developing countries, is likely to bolster the need for paints and coatings, thereby raising the market demand for nano cellulose.

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Pharmaceuticals and Cosmetics Segment to Lead the End-User Category

Nano cellulose observes a wide range of applications across the medical sector, including their use in water-absorbent pads, and antimicrobial films.

Nano cellulose harbors biodegradability and biocompatibility properties, making it highly apposite for biomedical applications. Additionally, it also possesses a shear-thinning effect, high viscosity at rest, suspending strength, high gel strength, film-forming ability, and increased water holding capacity. As a result, the substance is suitable for skin's cosmetics formulation, as well as decorative cosmetics, hair care products, and wet wipes.

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North America to Dominate the Market by 2028

In North America, nano cellulose consumption is fairly smooth. Besides, North America, Japan, and Europe are among the regions with the highest consumption levels due to rapid economic development and advanced technology. For instance, as per the Federal Aviation Administration (FAA), the overall commercial aircraft fleet is anticipated to increase from 7,039 in 2016, to 8,270 in 2037, due to the growth in air cargo. Moreover, the United States mainliner carrier fleet is projected to grow with a rate of 54 aircraft, annually, as the existing fleet ages.

The industrial rivalry within the global nano cellulose market is predicted to be moderately high, over the forecast period. Also, as a consolidated market, the revenue share is primarily influenced by production capacity. Some of the leading companies operating in the market include, American Process Inc, Sappi Ltd, Melodea Ltd, Norse Skog AG, etc.

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This release was published on openPR.