Nanocellulose Market size to exceed $1 bn by 2024

Nanocellulose Market value is estimated to exceed USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Rapidly growing oil & gas industry in North America will drive the global nanocellulose market share over the forecast timespan. Nanocellulose possess excellent features which can help attain reserves from places which are otherwise unattainable. Presence of abundant shale oil reserves in the U.S. along with rising energy demand from various end-user such as power, transportation, etc. will trigger product demand in coming years.

 

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Cosmetics segment will have substantial scope for nanocellulose over the forecast timespan. It is used as a composite coating agent in cosmetics for nails, hair, eyebrows or eyelashes. The product features: anti-wrinkle effect; smooth, non-greasy and enhanced skin moisture; improved hair-conditioning; a better feel for facial, body creams, etc. Product also provide antioxidant properties and it is used now in sun care products. It also used in the medical field for wound dressings and in regenerative medicine. Various other applications of it include pharmaceuticals, tobacco filter additives, computer components, capacitors, films in lithium batteries, electronic displays and windows, loud-speaker membranes, lightweight body armor and ballistic glass, etc. However, low awareness regarding the product usage and high prices may hamper its demand to some extent in coming years.
 

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

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Browse key industry insights spread across 180 pages with 263 market data tables & 30 figures & charts from the report, “Nanocellulose Market Size By Product (Nanofibrillated 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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/nanocellulose-market
 

Nanofibrillated cellulose held the highest share in overall nanocellulose market in 2016. They possess exceptional properties including superior strength, light weight, transparency, rigidity, etc. which makes them viable for numerous commercial applications across composites, oil & gas, food & beverage, automotive, aerospace and personal care industry. Because of the low oxygen permeability, nanofibrillated cellulose could also be a future replacement for plastic films in composite packaging.
 

Composites segment will be growing with a CAGR of 40.4% in global nanocellulose market share over the forecast timeframe. It was the largest application segment in terms of volume in overall market in 2016. Composites are extensively used in several applications nowadays. It is used as filler material in reinforcements. There is a growing concern among end-users regarding synthetic fillers application in composites and the environmental concerns 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.
 

Asia Pacific nanocellulose market will drive the product demand over the forecast period owing to the expanding food & beverages and personal care industries in the region. Countries including China, Japan, India, etc. have been key participants in enhancing region’s nanotech profile in the recent decade. For instance, Japan’s AIST Nanocellulose Forum focuses on strengthening the cooperation between industry, universities and the government.
 

Key players working in the nanocellulose market share include Daicel FineChem Ltd., Nippon Paper Group Inc., Borregard ASA, Innventia AB, Sappi Ltd., Asahi Kasei Corporation, Fpinnovations, CelluForce Inc., CelluComp Ltd., J. Rettenmaire & Sohne GmBH (JRS), Kruger Inc., Melodea Ltd., Stora Enso and American Process Inc. Major companies operating in the industry are increasing their production capacity to cater the rapidly growing product demand across the globe. For instance, In March 2017, Borregaard announced investment of USD 14.3 million to increase capacity of the Ice Bear products in specialty cellulose.
 

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Nanocellulose research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD thousand from 2013 to 2024, for the following segments:

Nanocellulose Market, Product By Application

  • Nanofibrillated Cellulose
    • 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
  • Bacterial Nanocellulose
    • Composites
    • Paper Processing
    • Food & Beverages
    • Paints & Coatings
    • Oil & Gas
    • Personal Care
    • Others

Nanocellulose Market, 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
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

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