Nanocellulose Market to USD 2.0 billion by 2030 | Key Players, Demands, Trends, Growth rate and Forecasts

The nanocellulose market is projected to grow from USD 0.4 billion in 2022 to USD 2.0 billion by 2030, at a CAGR of 21.9% from 2022 to 2030..The global market for nanocellulose is driven by major factors such growth in various applications, rising concerns regarding the environment and the increasing demand for highly sustainable products.

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"By type, the MFC & NFC segment is estimated to be the fastest-growing segment of nanocellulose market during 2022 to 2030."

Based on type, the MFC & NFC is estimated to be the fastest growing segment during the forecast period.

MFC can be used in fiber-based materials, water-based dispersions and solutions, and other applications such as composites, concrete, and hydrogels.

"The wood segment in raw material is projected to register the highest CAGR during the forecast period."

Based on raw material, the wood is projected to register the highest CAGR during the forecast period. Wood-based nanocelluloses find applications in newly developed nanocomposites, adhesives, and wastewater treatment; hence, the segment is expected to witness significant growth during the forecast period.

"By application, the composite segment is estimated to be the fastest-growing segment of nanocellulose market during 2022 to 2030."

Based on application, the composite is estimated to be the fastest-growing segment during the forecast period. Composites are used in various applications such as in the automotive & aerospace industry, interiors are designed with nanocellulose-reinforced composite materials to reduce the weight and improve the performance of materials.

The nanocellulose market in Europe region is projected to witness the highest CAGR during the forecast period."

Europe region is projected to register the highest CAGR in the nanocellulose market from 2022 to 2030. Europe is one of the key markets for nanocellulose. The region has high demand for the nanocellulose due to rising demand from various applications such as paper & pulp, composites, among others.

Profile break-up of primary participants for the report:

By Company Type: Tier 1 - 55%, Tier 2 - 27%, and Tier 3 - 18%
By Designation: C-level Executives - 36%, Directors - 18%, and Others - 46%
By Region: Asia Pacific - 10%, North America - 35%, Europe - 45%, Rest of the World- 10%

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The nanocellulose report is dominated by players, such as Fiberlean Technologies (UK), Borregaard (Norway), Nippon Paper Group (Japan), Celluforce (Canada), Kruger Inc. (Canada), Stora Enso (Finland), RISE Innventia (Sweden), American Process Inc. (U.S.), FPInnovations (Canada), UPM (Finland) and others

Research Coverage:

The report defines, segments, and projects the size of the nanocellulose market based on type, raw material, application and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as investments, expansions, product launches, mergers and acquisitions, partnerships, raising funds, and agreements, undertaken by them in the market.

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This release was published on openPR.