Global Nanocellulose Market will Reach USD 530.0 Million by 2021: AtoZResearch

The report covers forecast and analysis for the nanocellulose market on a global and regional level. According to the report, global demand for nanocellulose market was valued at USD 65.0 million in 2015, and is expected to reach USD 530.0 million in 2021, growing at a CAGR of around 30.0% between 2016 and 2021. In terms of volume, the global nanocellulose market stood at 13,870.0tons in 2015.The study includes drivers and restraints for the nanocellulose market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the nanocellulose market on a global level.

In order to give the users of this report a comprehensive view on the nanocellulose market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the nanocellulose market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.

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The major driving factor for nanocellulose market is extensive government funding coupled with large investment by many private players. Excellent structural strength and ability to condense the reimbursement caused due to humidity and wear and tearis expected to fuel the growth of nanocellulose market. However, high cost of production involving the technical and economical issues is expected to limit the growth of this industry.

The study provides a decisive view on the nanocellulose market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Key product segmented market covered under this study includes nano-crystalline cellulose, nano-fibrillated cellulose and bacterial nanocellulose. Key application market covered under this study includes composites, oil & gas, paper processing, paints & coatings and other. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Rest of the World with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for nanocellulose based on individual applications in all the regions and countries.

Nano-fibrillated dominated the global nanocellulose market and accounted for over 45% share of the entire market in 2015. Nano-crystalline cellulose stood as a second largest segment. It is frequently used for packaging applications. However, bacterial cellulose exhibits the lowest share but it is projected to be the fastest growing product segment during the forecast period. This is attributed to the potential it posses to fit for the fields like biomedical, filter membranes, biotech devices and food.

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Composites applications segment was the largest segment of global nanocellulose industry and accounted for more than 30% share of the entire market in 2015. It is expected to remain prolong application over the forecast period owing to tendency of having tensile strength and biocompatibility. Paper processing is the second largest application segment for the global nanocellulose market. Moreover, oil & gas applications segment is also expected to exhibit rapid growth during the forecast period due to it is used in form of rheological modifier and emulsion stabilizer.

North America was dominating regional market for nanocellulose industry owing to strong demand from U.S. It accounts for over 30% share of the overall market volume consumption in 2015 and further expected to remain major regional market for nanocellulose during the next five years. North America was followed by Europe with second largest market share in global nanocellulose market in 2015. Asia Pacific is expected to grow at a moderate pace within the forecast period.

The key players in the nanocellulose market include Innventia AB, Sappi Ltd, Borregard ASA, CelluForce Inc, Fpinnovations, American Process Inc., Kruger Inc., Diacel Finechem Ltd., Nippon Paper Group Inc., Melodea Ltd., J. Rettenmaire & Sohne GmBH (JRS) and UPM-Kymmene OYJ.

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