Home > Polymers & Advanced Materials > Nanocellulose Market
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.
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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.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 340 million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 23.9% |
| 2032 Value Projection: | USD 3.4 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 416 |
| Tables, Charts & Figures: | 634 |
| Segments covered: | Product, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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
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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
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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
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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
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