Nanocellulose Technology Market - Global Industry Analysis, Growth, Trends, Forecast 2019
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The market for nanocellulose technology is experiencing burgeoning demand across pharmaceutical industry due to its use as excipients in formulation, for coating tablets, printing on hard capsule and for packaging purposes. Ongoing development in drug delivery is also driving the demand for nanucellulose materials; bacterial cellulose obtained from bacteria is considered to exert controlling influence on skin release of a drug. Increasing number of drugs showing poor solubility and bioavailability is also one of the factors creating the demand for nanocellulose. Other factors driving the market for nanocellulose technology are its low cost, increasing demand for more efficacious drug and substantial amount of ongoing research on nanocellulose to enhance its application spectrum. In developed countries, rapid growth in personalized medicine market fuelling the demand for advanced drug delivery system can also be a factor driving the market. India holding the 3rd rank in terms of pharmaceutical bulk manufacturing represents a potential market for nanocellulose technology.
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Some of the major companies operating in the market for cellulose technology include Grenoble INP-Pagora, Melodea, Nippon Paper, Polynew, Inc., Verso Paper, SUNY-ESF, Oji Paper, UPM-Kymmene Ltd., US Forest Service Products Laboratory, Stora Enso Ltd., Georgia Tech and Diacel Chemical Ltd.
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