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Nanocellulose Market Size By Product (Nanofibrillated Cellulose, Nanocrystalline Cellulose, Bacterial), By Application (Composites, Paper Processing, Food & Beverages, Paints & Coatings, Oil & Gas, Personal Care), COVID-19 Impact Analysis, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2423
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Overview

Nanocellulose Market size was worth more than USD 340 million in 2022 and is projected to record over 23.5% CAGR between the years 2023 to 2032. Rapidly growing oil & gas sector across North America is expected to complement the market expansion.
 

Nanocellulose Market

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Strong demand for sustainable packaging solutions will drive the use of nanocellulose in the coming years. It is an effective alternative to conventional packaging materials and is widely used to reinforce plastic materials that are utilized with hygiene and absorbent products. The material possesses about eight times the strength of steel and is touted to be stiffer than Kevlar. Apart from this, nanocellulose holds several other advantages like biodegradability, sustainability, transparency, flexibility, anti-microbial nature, and excellent mechanical & barrier properties.
 

The expanding oil and gas sector of North America should boost the application scope of nanocellulose. Strong energy needs from the transportation and power sector have elevated oilfield drilling activities across the region. Nanocellulose is widely used for supporting drilling and cementing applications across oilfields. Strategic alliances between O&G companies could boost the production and requirement of nanocellulose across North America over the forecast period.
 

High product costs compared to other material alternatives may impede market expansion. Packaging materials that are made using nanocellulose are priced much higher compared to polymer-based packaging solutions. Energy-intensive production processes and a lack of consumer awareness regarding nanocellulose could impact product use across diverse applications. However, the exploration of new manufacturing processes and the demand for sustainable packaging solutions could support market statistics.
 

Large-scale application across commercial sectors to boost nanofibrillated cellulose (NFC) demand

Nanocellulose Market, By Product

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Nanocellulose market share from the nanofibrillated cellulose segment was valued at USD 200 million in 2022. Nanofibrillated cellulose (NFC) has gained application across numerous industries like oil & gas, F&B, aerospace, automotive, and personal care in recent years. The bio-based nanomaterial possesses exceptional properties including superior strength, rigidity, and transparency.
 

Exceptional reinforcing potential has supported material use in nanocomposites. Solvent casting, in situ polymerization, melt mixing, and electrospinning are some of the essential techniques used for the fabrication of NFC-based nanocomposites. High specific surface area, relative ease of preparation, high yield, low weight, high strength, stiffness, and biodegradability are some of the unique features that will stimulate product adoption across diverse commercial sectors.
 

Robust application scope of nanocellulose in the food and beverage sector

Nanocellulose Market, By Application

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Nanocellulose market share from the food & beverages application is expected to record over 24% CAGR between 2023 to 2032. The material is used in the F&B sector as a flavor carrier, non-caloric food thickener, and suspension stabilizer. It is useful for producing fillings, crushes, chips, soups, gravies, wafers, puddings, etc. Nanocellulose also displays water vapor, oxygen, and gas/oil barrier properties that are useful for food packaging. The rheological behavior of the nanocellulose gel will augment product use in food & beverage sector.
 

Robust government investment in public sector to drive North America nanocellulose industry statistics

Nanocellulose Market, By Region

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North America nanocellulose market is projected to register over 23.5% CAGR between the forecast years 2032 to 2032. Nanocellulose is gaining significance in the building and construction sector. The material can improve the strength & environmental benefits of a host of products. Strong government investments targeted toward the modernization of public infrastructure should favor regional industry forecasts. Furthermore, consistent advancements in food & beverage, oil & gas, and paints & coatings, among others will elevate the application scope of nanocellulose in North America in the forthcoming years.
 

Approval of new manufacturing techniques to favor nanocellulose industry expansion

The leading companies operating in the global nanocellulose market include Sappi Limited, CelluForce Inc., Borregaard ASA, FPInnovations, American Process Inc. (API), Daicel Corporation, Kruger Inc., Oji Holdings Corporation, Nippon Paper Group Inc., J. Rettenmaier & Söhne GmbH + Co. KG, Melodea Ltd., CelluComp Ltd., Asahi Kasei Corporation, Stora Enso, Holmen AB, and Anomera.
 

Impacts of the COVID-19 pandemic on the global nanocellulose market trends

The COVID-19 pandemic had a negative impact on the global market statistics. Manufacturing activities were halted during the outbreak due to supply chain disruptions and labor shortages. Food & beverage companies faced a similar impact due to a reduction in sales due to reduced customer footfall across retail stores as well as disrupted supply chains. However, the resumption of manufacturing activities and reviving economic growth across developing nations should support nanocellulose industry growth over the forecast timeframe.
 

The nanocellulose market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD Thousand from 2018 to 2032 for the following segments:

By Product

  • Nanofibrillated cellulose
  • Nanocrystalline cellulose       
  • Bacterial

By Application

  • Composites
  • Paper processing
  • Food & beverages
  • Paints & coatings
  • Oil & gas
  • Personal care
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Spain
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Australia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Colombia
    • Argentina
    • Chile
    • Peru
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
       
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for nanocellulose is estimated to record over 23.5% CAGR between 2023 to 2032 due to strong demand for sustainable packaging solutions.

Nanocellulose industry share from the nanofibrillated cellulose segment was USD 200 million in 2022 as the material possesses exceptional properties like superior strength, rigidity, and transparency.

Nanocellulose share from the food & beverages application is expected to record over 24% CAGR between 2023 to 2032 due to the material’s gas/oil barrier properties that are useful for food packaging.

North America nanocellulose market is projected to register over 23.5% CAGR between 2032 to 2032 driven by new government investments targeted toward the modernization of public infrastructure.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 634
  • Countries covered: 23
  • Pages: 416

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