Nanocellulose Market Size By Product (Nano fibrillated Cellulose, Nanocrystalline Cellulose, Bacterial Nanocellulose), By Application (Composites, Paper Processing, Food & Beverages, Paints & Coatings, Oil & Gas, Personal Care), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Mar 2018  |  Report ID: GMI2423  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 180   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Nanocellulose Market size was estimated over USD 87.5 million in 2016 and will exhibit growth of over 33.9% up to 2024.
 

U.S. Nanocellulose Market Share, Statistics By Application, 2013 – 2024 (USD Million)

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Composites segment statistics will be growing with a CAGR of 40.4% in global market over the forecast timeframe. It was the largest application segment in terms of volume in overall nanocellulose market in 2016. Composites are extensively used in several applications such as a filler material in reinforcements. There is a growing concern among end-users regarding synthetic fillers application in composites and the environmental problems associated with it. Thus, by replacing synthetic fillers with natural ones such as cellulose fibers will have many positive environmental benefits as the product offers good thermal properties, low density and biodegradability.
 

Growing personal care industry in Asia Pacific is mainly attributed to rising socio-economic factors which has resulted in rising consumer spending power in the region. Additionally, there is rising awareness regarding personal health, hygiene and care in countries in Asia Pacific such as India, Malaysia, Thailand, South Korea and Indonesia among others. According to the U.S. Department of Commerce estimates, the per capita cosmetics spend in China in 2014 was USD 24, whereas in Singapore, it was USD 90 and in Japan it was USD 174. This is a crucial factor for personal care and household products market size growth in this region. This healthy growth in the personal care industry shall boost the demand for nanocellulose over the forecast period, since it is a key ingredient in range of personal care products such as thickener, stabilizer, etc.
 

Strong product demand across food packaging industry will be a major factor in driving the market size in the coming years. This is mainly due to its excellent features such as biodegradability, ease of disposability, transparency, flexibility, high mechanical strength & barrier properties, etc. which helps in improving food shelf life. With consistently increasing demand for less processed and preservative free food, there is strong demand for nanocellulose based packaging material to prevent growth of antimicrobial activities. These trends will have substantial impact on the product demand during the forecast timespan.
 

Nanocellulose Market Report Coverage
Report Coverage Details
Base Year: 2016
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Pages: 180 Tables, Charts & Figures: 293
Geographies covered (19): U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait
Segments covered: Product, Application and Region
Companies covered (15): Innventia AB, Sappi Ltd., Borregard ASA, CelluForce Inc, Fpinnovations, American Process Inc, Kruger Inc, Daicel FineChem Ltd, Nippon Paper Group Inc, Melodea Ltd, J. Rettenmaire & Sohne GmBH (JRS), Asahi Kasei Corporation, CelluComp Ltd., Nippon Paper Group, STORA ENSO

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Nanocellulose Market, By Product

Germany Nanocellulose Industry, By Product, 2016 (Volume)

Germany Nanocellulose Industry, By Product, 2016 (Volume)

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Global nanocellulose market was led by nanofibrillated cellulose with a massive share of 58.1% in 2016. The segment is likely to account for 59.0% of the global share by 2024. Nanofibrillated cellulose entails very low oxygen permeability which makes it highly desirable for a range of applications including paints & coatings, paper processing, food packaging, etc.
 

Nanocrystalline cellulose contributed to about 39.7% in 2016. This product type is a promising renewable biomaterial that are used as a reinforcing component in high performance nanocomposites. By appropriate modification of nanocrystalline cellulose, various functional nanomaterials with significantly enhanced properties can be developed, which in turn will drive their demand.
 

Application Analysis

China Nanocellulose Market Share, By Application, 2016 (Revenue)

China Nanocellulose Market Share, By Application, 2016 (Revenue)

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The oil & gas industry is likely be the fastest growing application segment over the forecast period. The segment is likely to expand at a CAGR of 41.6% in the coming years, which will result in a huge potential market for product application over the next few years. Product is being increasingly used as substitute to current flooding systems in Enhanced Oil Recovery (EOR). The product has viscoelastic properties with superior shear-thinning behavior along with being environment-friendly by nature. It is gaining prominence as flooding agent in oil & gas industry. In March 2015, CelluForce and Schlumberger announced collaboration in developing applications for nanocrystalline cellulose in oil and gas drilling fluids.
 

Personal care industry will be the second fastest growing application in global nanocellulose market in the coming years. Though the market size is small, it is likely to witness increased product application in personal care products such as body & face creams, sunscreen lotions over the next few years, which will positively influence product demand in the coming years.
 

Regional Insights

Growing oil & gas industry in North America, which is attributed to strong energy need from several end-user industries such as transportation, power, etc. along with availability of abundant oil reserves will help to drive nanocellulose market demand in the coming years. Several industry players in the region are forming strategic alliances to boost nanocellulose production to meet its rising demand across the oil & gas industry. For instance, CelluForce, which is a joint venture of Domtar Inc. and FPInnovations operated a nanocellulose plant at the Domtar Pulp & Paper mill site in Windsor, Que which began production in 2012. This move was intended to extract nanocellulose from dry wood pulp and explore its applications in oil & gas sector apart from extraction.
 

The U.S. oil & gas industry has been on rise which is mainly attributed to significant investment in new technologies by the major players to boost production. In 2012, the U.S. oil & gas industry production was 6,497 thousand barrels/day which rose to 9,355 thousand barrels/day in 2017. New techniques & drilling methods such as horizontal drilling technique adapted by the oil & gas industry has increased oil production manifolds. Furthermore, availability of abundant shale reserves in the region are likely to open new opportunities for product as it can help extract the resources from places where it is impossible to recover reserves with current technologies. The above-mentioned trends will help attain promising gains to the overall market size in the coming years.
 

Competitive Market Share

Nanocellulose market share is highly fragmented with the presence of many multinational and regional companies vying for market share. Some prominent players operating in the industry include Asahi Kasei Corporation, Innventia AB, Nippon Paper Group Inc., Daicel FineChem Ltd., Melodea Ltd., Kruger Inc., Sappi Ltd., Fpinnovations, CelluForce Inc., American Process Inc., Borregard ASA, CelluComp Ltd., Stora Enso and J. Rettenmaire & Sohne GmBH (JRS) to name a few.
 

Industry Background

Nanocellulose is a light solid substance which is obtained from plant matter and comprise of nanosized cellulose fibrils. It possesses excellent features which includes biodegradability, easily disposable, light weight, high strength, good barrier properties, non-toxic, etc. which makes it highly preferable across several end-user industries such as composites, paints & coatings, oil & gas, food & beverage, personal care, etc. The large specific surface areas of cellulosic nanomaterials enable them to form hydrogen bonds to create a dense network which provides a high barrier against contamination. Thus, nanofibrillated cellulose, nanocrystalline cellulose and bacterial nanocellulose have been important and useful materials to produce cellulose-based packaging materials. The unique properties of the product have made it a crucial material for reinforcing plastics. Some exceptional characteristics of product include improved dispersion and stabilization of particles, extreme shear thinning and fast viscosity recovery, etc.


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