Nanocellulose Market Size by Product (Nano fibrillated Cellulose, Nanocrystalline Cellulose), by Application (Composites, Paper Processing, Food & Beverages, Paints & Coatings, Oil & Gas, Personal Care), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI2423  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 260   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Nanocellulose Market size was close to USD 146.7 million in 2019 and will grow at a CAGR of 21.4% from 2020 to 2026. Rising packaging industry along with persistent need for sustainable packaging materials will boost the market over the projected timeframe.
 

Nanocellulose has been emerged as a strong, stretchable, renewable and economical material of the future. Stringent regulations imposed by governments has prohibited non-biodegradable packaging material particularly for food industry, which will subsequently drive sustainable light weight packaging material demand.
 

Nanocellulose Market Statistics

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Nanocellulose possesses the potential to replace numerous petrochemical based products and has been cost effective compared to other nanoscale high performance materials. It offers superior properties such as ease of disposability, biodegradability, transparency, flexibility, high mechanical strength & barrier properties etc. Rising food & beverage industry along with improving health concern will be a major factor contributing to nanocellulose market share in the coming years.
 

Most of the packaging industry players are also making substantial investments to improve packaging material properties in reference to sustainability and disposable issues. A new packaging technology “active packaging” incorporates nanoparticles into polymer films, which can prevent contamination of food by microbes. There has been a rising demand for the above-mentioned technology in the food & beverage industry, which is attributed to consistently increasing demand for minimally processed and preservative-free products.
 

The food & beverage industry constituted close to 55% of the overall packaging business in 2018. These trends will help trigger the product demand for the production of packaging material, thereby propelling the nanocellulose market over the projected timeframe.
 

Nanocellulose results in substantial reduction of the carbon footprints. Increasing environmental concerns for global warming and regulations for environment conservation will fuel the market in the coming years. Increasing demand for cellulose nanocrystal as filler material in reinforcements will propel the nanocellulose market from the composites sector.
 

Favorable properties of the product such as good thermal properties, low density and biodegradability makes the product highly desirable in reinforcing plastics. Rising automotive and aircraft production and sales across the globe along with increasing construction and renovation activities in developed nations will positively influence the overall nanocellulose market revenue during the forecast timespan.
 

Covid-19 pandemic has severely impacted nanocellulose industry landscape. Producers are resolving the challenges caused by pandemic and adapting to changing dynamics of industry. Severe impact on demand of end use products due to shutdown of day to day operational activities has limited the market opportunities for the nanocellulose producers.
 

For instance, pandemic severely hit oil and gas industry. As most countries following lockdown and restriction travel, oil & gas demand have fallen sharply. Thus, many producers have suspended or reduced the production thus hampering the nanocellulose market demand from oil & gas sector. Similar trend can be witnessed in major end use industries such as paints & coatings, textile, composites.
 

Nanocellulose Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 146.7 Million
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 21.4% 2026 Value Projection: USD 418.2 Million
Pages: 260 Tables, Charts & Figures: 313
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, Region
Companies covered (16): Nippon Paper Group, CelluForce, Innventia AB, Sappi Limited, Borregaard ASA, FPInnovations, American Process, Kruger, Daicel Corporation, Melodea Ltd., J. Rettenmaire & Sohne, Asahi Kasei Corporation, CelluComp Ltd, Oji Holdings Corporation, Stora Enso, Holmen AB, etc.
Growth Drivers:
  • Strong product demand across the packaging industry
  • Rising food & beverage industry across the globe
  • Rising demand for technologically advanced sustainable product across various end-user industries
  • Rapidly growing oil & gas industry in North America
  • Rapidly growing personal care industry in Asia Pacific
Pitfalls & Challenges:
  • High product prices
  • Lack of consumer awareness

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Superior properties of the product will propel nano fibrillated cellulose (NFC) consumption

Nanocellulose Market by Product

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Nanofiber cellulose segment was close to USD 85 million in 2019 and is likely to grow at a decent growth rate over the forecast timeframe. They possess exceptional properties including light weight, superior strength, rigidity, transparency, etc., which makes it a suitable composite material in commercial applications such as automotive, construction, aerospace, oil & gas, biomedical and food & beverage sector.
 

This bio-based nanomaterial has been used particularly in nanocomposites due to its exceptional reinforcing potential. Various fabrication methods include, electrospinning, in situ polymerization, solvent casting etc. It offers high specific surface area, relatively ease of preparation in high yield, high strength, low weight, stiffness, biodegradability etc.
 

The flexible three-dimensional network of nanofibrillated cellulose provides flexibility and physically holds the pigments in place. Apart from this, nanocellulose has remarkable barrier properties. Nanofibrillated cellulose is highly desirable in food packaging business owing to its ability to imparts very low oxygen permeability. Therefore, Nanocellulose market analysis will observe substantial demand for nanofibrillated cellulose in the near future.
 

Composites application will accommodate majority share among other applications

Nanocellulose Market by Application  

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Nanocellulose finds their applications in paper processing, composites, paints & coatings, and others such as cosmetics, oil & gas, biomedical, capacitors, electronic components, films & membranes, ballistic glass, etc. In composites segment the product has wide utility in automotive and construction sector. Composites application will foresee average industry gains of 21.4% CAGR from 2020 to 2026.
 

The superior characteristics of nanocellulose include extreme shear thinning and fast viscosity recovery, improved dispersion and stabilization of particles etc. has made it an ideal choice in number of reinforcement applications. For instance, in insulation, nanocellulose aerogels fabricates narrower and more breathable insulation material. They may also be used to reinforce cement to increase toughness and durability.
 

Nanocellulose improves the mechanical properties of a range of composites including thermosetting resins, soy protein, starch-based matrixes, rubber latex, poly(lactide), etc. Nanocellulose is bio-degradable, light in weight, cost-effective and optical which, in turn, will make the product highly desirable in the electronics sector for end-use in generators, solar cells, touch sensors, computers, mobile phones, and other consumer goods in the future years.
 

North America to account for the majority share in global market

Nanocellulose Market by Region

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North America will exceed revenue size over USD 155 million in 2026. The massive projected size is mainly attributed to the technological advancements in this region. Increasing renovation projects along with regaining momentum of commercial construction sector in North America will propel the regional nanocellulose market growth for composite applications.
 

This is mainly due massive government investments to upgrade their public infrastructure. Moreover, strong growth indicators in regional food & beverage, paints & coatings, oil & gas, etc. will further complement business growth by 2026.
 

Proliferating cosmetics and personal care business in North American regions will increase the product penetration during forecast period. According to Loreal, world cosmetics sector depicted a CAGR of 5.5% in 2018, and is likely to grow with the same rate in coming years According to department of commerce, U.S., nation’s cosmetics and toiletries constituted less than 3% of the total market size in 2015. Therefore, there are tremendous export opportunities for U.S. manufacturers.
 

Increased production and geographical expansion are the key strategies in industry growth

Nanocellulose market foresees huge potential in future owing to its ecofriendly properties. The market witnessed filing of large number of patents during the period of 2015-2019. Increasing production capacity emerges as key strategy adopted by companies to increase their industry foothold. For instance, In February 2019, CelluForce announced that it has upgraded Cellulose NanoCrystals (CNC) plant based in Montreal, Quebec. The plant will operate at an annual production capacity of 300 tonnes, which will subsequently aid in growing demand for CNC and acts as a blueprint to design future CelluForce plants.
 

Likewise, Nippon Paper Group Inc. has built the largest nanofiber cellulose large-scale production facility in Ishinomaki Mill, Japan with a total investment of USD 16 million. This mill had a production capacity of 500 tons.
 

Other key players operating in the nanocellulose industry ecosystem include Innventia AB, Sappi Limited, Borregaard ASA, FPInnovations, American Process, Kruger, Daicel Corporation, Melodea Ltd., J. Rettenmaire & Sohne, Asahi Kasei Corporation, CelluComp Ltd, Oji Holdings Corporation, Stora Enso, Holmen AB, etc.
 

The Nanocellulose market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD thousand from 2016 to 2026, for the following segments:
 

By Product

  • Nanofibrillated Cellulose (NFC)
    • Composites
    • Paper Processing
    • Food & Beverages
    • Paints & Coatings
    • Oil & Gas
    • Personal Care
    • Others
  • Nanocrystalline Cellulose
    • Composites
    • Paper Processing
    • Food & Beverages
    • Paints & Coatings
    • Oil & Gas
    • Personal Care
    • Others
  • Others (bacterial cellulose, etc.)
    • Composites
    • Paper Processing
    • Food & Beverages
    • Paints & Coatings
    • Oil & Gas
    • Personal Care
    • Others

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:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
       

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the nanocellulose business is supposed to attain $418 million by 2026.
Strong product demand across the packaging industry, rising food & beverage industry across the globe, rising demand for technologically advanced sustainable products, and rapidly growing oil & gas industry & personal care industry are major factors expected to drive the growth of global market.
Nippon Paper Group, CelluForce, Innventia AB, Sappi Limited, Borregaard ASA, FPInnovations, American Process, Kruger, Daicel Corporation, Melodea Ltd., J. Rettenmaire & Sohne, Asahi Kasei Corporation, CelluComp Ltd, Oji Holdings Corporation, Stora Enso, Holmen AB, are some of the top contributors in the industry.
Thecomposite application segment registered a major share in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 260
  • Tables: 270
  • Charts / Figures: 43
  • Companies covered: 16
  • Countries covered: 19

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