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Global Nanocellulose Market Insight
2022-02-22 Comments

The Nanocellulose is forecast to fast increase over the next few years.According to the WK-chem Research “Global Nanocellulose Professional Survey Report 2022, Forecast to 2027”, Nanocellulose is a cellulose derivative obtained from wood pulp The material is isolated from wood by using mechanical methods, which apply high shear forces. For instance, it is preparedunder high-pressure homogenizers, ultrasonic homogenizers, grinders, or microfluidizers. These nanomaterials are extremely lightweight, super-strong, and electrically conductive, which makes them an excellent product for application in composites. A nanocomposite with a nanocellulose additive has the strength to stop a bullet, thus making it useful for manufacturing bullet-proof products. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 20.9 % base on WK-chem Research regression analysis modl.

Analysts’ Viewpoint:

“These materials are expected to see significant use in the coming years as the food and beverage industry expands amid growing health concerns. Therefore, manufacturers are advised to actively investigate the development of cellulose nanomaterials, which will enhance the health benefits of these functional foods. On the other hand, companies in the cosmetics manufacturing business are advised to invest heavily in the development of natural products that can replace conventional chemical products, thereby expanding their market share.” Said Lisa , Senior analyst, Chemical industry Market Research Center in WK-chem Research.

Market insight:

Nanocellulose has immense growth potential in various applications such as food packaging, composites, pharmaceuticals, and personal care. However, the application of nanocellulose in most of the mentioned applications is still limited as several factors such as properties and material costs need to be considered during the manufacturing of a product with nanocellulose materials. Electronics, photonic structures, and additives for the industrial and medical sectors are considered the emerging nanocellulose applications. Nanocellulose materials are being used to develop next-generation flexible TV screens, computer screens, personal data assistant (PDA) screen, and other advertising display systems. Nanocellulose materials are also projected to have applications in industrial 3D printers if these materials find their way into additive manufacturing networks. Such new applications under development could provide new growth pathways for the market during the forecast period.
Although cellulose is abundant in nature, the production of these nanomaterials requires a lot of technical knowledge and machinery, which increases production costs. In addition, many alternative materials perform the functions performed by these materials at considerably lower cost. Metal additives, for example, alter the properties of plastic composites similar to adding nanocellulose, albeit at a fraction of the cost. In addition, uncontrolled logging to meet growing demand could accelerate global forest loss. Therefore, regulated monocultures require a steady supply, which increases the overall cost of manufacturing. Hence, high production costs restrain the growth prospects of the market.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Nanocellulose companies that include FiberLean technologies, Borregard, Nippon Paper Industries, Celluforce INC, Kruger INC , Stora Enso, RISE Innventia, American Process Inc. , FPInnovations, UPM-Kymmene Oyj , Melodea, Cellucomp, Blue Goose Refineries, Oji Holdings Corporation, VTT, and Sappi.

Segmentation of Nanocellulose Market:

On the basis of type, the Nanocellulose market is segmented into MFC & NFC, CNC/NCC. MFC & NFC is expected to grow at the highest rate during the forecast period. The demand for MFC & NFC is increasing exponentially, mainly due to its nano-scale dimensions and the ability to form a strong entangled nanoporous network. It is growing because of its relative ease of preparation in high yield, high specific surface area, and high strength and stiffness. This bio-based nanomaterial has been widely used in nanocomposites due to its outstanding reinforcing potential.On the basis of Raw Material, the Nanocellulose market is segmented into Wood, Non-Wood. Wood to be the largest raw material used in manufacture of nanocellulose. The manufacture of MFC & NFC is primarily done from wood via the mechanical and chemical processing of the cellulosic mass. The ease in availability of wood-based pulp make the production of these products simple, owing to which wood accounts for the major share as the raw material in manufacturing of nanocellulose. On the basis of application, the Nanocellulose market is segmented into Pulp & Paper, Composites, Biomedical & Pharmaceuticals, Electronics & Sensors. Pulp & paper currently is the most extensive application in the nanocellulose market. Nanocellulose are used as additives in papermaking to produce lighter and stronger paper and board, as it has the potential to cut down the production cost. The paper prepared through this method has enhanced properties, such as less porosity, higher printing quality, and less transparency.

Nanocellulose Market: Regional Analysis

In terms of geography, the Global Nanocellulose Market is classified into North America, Asia Pacific, Europe, Rest of World. Europe is the most significant and the fastest-growing nanocellulose market owing to the increasing demand in the pulp & paper application, along with the growing investments in R&D of nanocellulose materials. In the European region, product development projects have been funded by the government and private sectors. These factors are expected to lead to increasing demand for nanocellulose in the region during the forecast period.

Cagr: 20.9 %
Largest share area:Europe
Largest share country:UK
Product Type:MFC & NFC, CNC/NCC
Product Type(by Raw Material):Wood, Non-Wood
Application:Pulp & Paper, Composites, Biomedical & Pharmaceuticals, Electronics & Sensors
Leading Company:FiberLean technologies, Borregard, Nippon Paper Industries, Celluforce INC, Kruger INC