Nanocellulose Market Is Estimated To Witness High Growth Owing To increasing applications across industries

The Nanocellulose Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Nanocellulose refers to nano-sized cellulose fibers extracted from plant cell walls. It is used in a variety of industrial applications owing to its excellent mechanical, chemical, and physical properties. Key application areas include paper & paperboard, composites, food & beverages, pharmaceuticals, and others.

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Major Players Are:

✤ Daicel Corporation
✤ American Process Inc.
✤ Chuetsu Pulp & Paper Co., Ltd.,
✤ Novozymes
✤ Borregaard Chemcell
✤ Daio Paper Corporation
✤ Imerys
✤ Kruger Bioproducts
✤ Inc
✤ Stora Enso Ltd.
✤ Ineos Bio
✤ Innventia
✤ Ashai Kasei Chemicals Corporation
✤ Shanghai Rongou Chemical Technology Co.
✤ Ltd and Innventia AB,.

Market Dynamics:

The global nanocellulose market is expected to witness significant growth over the forecast period, owing to increasing demand from end-use industries and two key drivers - growing applications across industries and wide range of mechanical properties. Nanocellulose finds applications in industries such as composites & packaging, pulp & paper, biomedical & pharmaceuticals, and others on account of its properties such as high strength, flexibility, lightweight and biodegradability. Further, nanocellulose offers a wide range of mechanical properties such as lightweight and high strength alongside chemical properties such as biodegradability and renewability.

Nanocellulose Market Drivers:

Increased Use of Renewable and Bio-Based Materials

With growing environmental concerns and regulations against the use of non-degradable plastic materials, there is a strong push towards using renewable and eco-friendly materials. Nanocellulose obtained from plant sources such as wood pulp and agricultural residues is a promising bio-based material. It is 100% renewable and biodegradable. The production of nanocellulose also requires less energy compared to synthetic polymers. Owing to such advantageous properties, nanocellulose is finding increasing applications in industries such as packaging, paper, construction and automotive. This rising demand for sustainable materials is a major driver for the nanocellulose market.

Superior Material Properties Opening Up New Applications

Nanocellulose possesses exceptional properties such as high strength, flexibility, barrier properties and light weight. Due to its nanoscale dimensions and large surface area, nanocellulose can deliver significantly enhanced properties compared to cellulose. These unique properties allow nanocellulose to be used for developing new generation of high performance and functional materials. Researchers are exploring ways of utilizing nanocellulose in novel applications such as lightweight composites, flexible electronics, tissue engineering scaffolds and barrier films. The ability of nanocellulose to open up new growth avenues by improving the performance of existing materials and developing innovative applications acts as a key growth driver.

Nanocellulose Market Restrain:

High Production Costs Limit Widespread Commercialization

While nanocellulose offers several advantages, its production process, especially the isolation and purification steps, involves complex chemical and mechanical treatments which makes it an expensive material to produce on a commercial scale. The high capital requirements for setting up production facilities also add to the costs. At present, the production costs of nanocellulose are estimated to be 10-100 times higher than conventional synthetic and natural polymers. This significant price barrier restricts nanocellulose from mass market applications and limits its adoption to niche high-performance sectors. Considerable research efforts are ongoing to develop low-cost production techniques but until then, high costs remain a major challenge restraining broader market growth.

Nanocellulose Market Opportunity:

Potential in Emerging Applications such as 5G Networks and Flexible Electronics

With continuous advancements, several new application areas for nanocellulose are emerging. One major opportunity lies in utilizing nanocellulose for developing substrates and interconnects for flexible electronics and next-generation 5G communication networks. Cellulose nanofibers and nanocrystals can be integrated into fibers, yarns and films having controlled electrical conductivity. Their flexibility, strength and printability make them promising candidates for substrates in wearable electronics, RFID tags and sensors. Nanocellulose composites are also finding interest for use as dielectric substrates for antennas in 5G networks. As flexible electronics and 5G networks become mainstream in the coming years, it can generate huge demand for specialty nanocellulose materials. This presents a lucrative opportunity to drive the revenue streams in the nanocellulose industry.

Segmentation

On the basis of product type, the global market is classified into:

Cellulose nanocomposites
Cellulose nanocrystals
Cellulose nanofibrils

On the basis of end-use industry, the global market is segmented into:

Biomedicine
Composites and Packaging
Paper and Paper board
Rheology Modifier
Flexible Electronics and Sensors

Regional Analysis for Nanocellulose Market:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Why Choose This Report:

→» A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
→» Data on market value for each section and sub-segment
→» Indicates the region and market segment that is likely to expand the fastest and dominate the market.
→» The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
→» The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.

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FAQ's

What are the key factors hampering growth of the Nanocellulose Market?
What are the major factors driving the Market growth?
Which is the leading component segment in the Market?
Which are the major players operating in the Market?
Which region will lead the Market?

Table of Content (TOC):

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Nanocellulose Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Nanocellulose Industry Impact

Chapter 2 Global Nanocellulose Competition by Types, Applications, and Top Regions and Countries
2.1 Global Nanocellulose (Volume and Value) by Type
2.3 Global Nanocellulose (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Nanocellulose Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Nanocellulose Market Analysis
Chapter 6 East Asia Nanocellulose Market Analysis
Chapter 7 Europe Nanocellulose Market Analysis
Chapter 8 South Asia Nanocellulose Market Analysis
Chapter 9 Southeast Asia Nanocellulose Market Analysis
Chapter 10 Middle East Nanocellulose Market Analysis
Chapter 11 Africa Nanocellulose Market Analysis
Chapter 12 Oceania Nanocellulose Market Analysis
Chapter 13 South America Nanocellulose Market Analysis
Chapter 14 Company Profiles and Key Figures in Nanocellulose Business
Chapter 15 Global Nanocellulose Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
Continued....

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This release was published on openPR.