Nanocellulose Technology Market Size, Revenue Share to Grow at a CAGR of 21.3% to 2027
LUTON, BEDFORDSHIRE, UK, Sept. 8, 2022 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting arm of Ameliorate Digital Consultancy Private Limited, has released the final version of its in-depth research report on the nanocellulose technology market. Completed and published. .
The market for nanocellulose technology is estimated to reach USD 2,247.5 million by 2027, at a staggering CAGR of 21.3% during the forecast period (2022-2027).
Nanocellulose is cellulose with a nanostructure. It can be used to make nanocellulose fibrils from wood products. Pulp is processed at high shear using ultrasonic homogenizers, high pressure homogenizers, and microfluidizers. By using an acid hydrolysis procedure, it is also possible to extract nanocellulose from natural fibers to produce very hard and crystalline nanoparticles. Nanocellulose (NC) can be produced using various cellulosic wastes, such as microorganisms from crops and organic waste.
The attractive properties of nanocellulose can be used in a variety of end-use industries, including composites, paper, food and beverages, personal care, paints and coatings, and pharmaceutical manufacturing. Potential end-user industries include textiles, oil and gas, and construction.
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Who Are the Key Players in This Nanocellulose Technology Market?
Borregard, Fiberlean technologies, Celluforce INC, Nippon Paper Industries, Rise Innventia, Stora Enso, American Process Inc, FPInnovations, Oji Holdings Corporation, Blue Goose Refineries.
August 26, 2020: Stora Enso will build a pilot facility to produce cellulosic foam by Stora Enso, a lightweight, fiber-based foam material for protective packaging and cushioning. Bio-based foams are renewable and recyclable and can be used, for example, in packaging to replace the petroleum-based polymer foams widely used today. The pilot plant will be installed at Fors Mill in Stora Enso, Sweden.
Nanocellulose Technology Market Trends and Growth Factors:
Major competitors in the nanocellulose market are using research and development as one of their key strategies to expand the potential applications of the industry. Development of new products such as aerogels, composites made of bioactive ingredients, and inorganic/organic hybrid materials is underway. Due to its light weight and high strength, nanocellulose is also being investigated for use in the manufacture of automobiles. Market expansion is expected to be accelerated by increasing nanocellulose-related research and development efforts. As an example, September 6, 2019researchers at the University of Girona in Spain revealed the creation of a bio-based superabsorbent aerogel composed of cellulose nanofibers, suggesting its potential application in newborn diapers.
Regional Analysis For Nanocellulose Technology Market:
Asia-Pacific is expected to grow at a significant CAGR during the forecast period, owing to growth in the composites, packaging, and automotive industries. This is due to the steady expansion of the middle class population and the increasing number of new purchases of light vehicles. In addition, it has affordable labor and raw materials, cheap manufacturing costs, and a regulatory environment with only moderately onerous requirements.
In North America, the nanocellulose market is expected to grow moderately due to expanding production capacity, high consumption potential, and rising economic growth. The main drivers of growth in this region are the United States and Canada, where high demand is expected during the forecast period.
Market scope of nanocellulose technology
By type, by application
One of the major factors driving the global nanocellulose market is the rapidly expanding pharmaceutical and packaging sectors. Major competitors in the nanocellulose market are using research and development as one of their key strategies to expand the potential applications of the industry.
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The NFC segment accounts for the largest market share.
Based on type, this nanocellulose market is segmented into bacterial cellulose, nanocrystalline cellulose, and nanofiber cellulose (NFC) (BCC). Due to its ability to create strong entangled nanoporous networks, NFC currently holds the largest market share among these types. NFC is in increasing demand due to its easy preparation, high yield, large specific surface area, high strength and high rigidity. They are frequently used in nanocomposites due to their excellent reinforcing ability.
Paper and paperboard applications hold the largest nanocellulose technology market share.
The nanocellulose market is segmented into many categories based on application such as paints & coatings, paper & paperboard, composites & packaging, oil & gas, and personal care. Among these applications, using nanocellulose as an additive in paper manufacturing to produce lighter, stronger paper and paperboard holds the largest nanocellulose market share. As a result, manufacturing costs are reduced. This process results in better paper quality, such as better print quality, less porosity, and less transparency.
Key Market Segment: Nanocellulose Technology market
Nanocellulose technology Market by type
Nanocellulose technology Market by application
food and beverage
paints and coatings
Details of nanocellulose technology TOC Market Report 2022-2027:
Chapter 1: Executive Summary
Chapter 02: Scope of Nanocellulose Technology Market Report
Chapter 03: Global Nanocellulose Technology Market Outlook
Chapter 4: Global Nanocellulose Technology Market Size
Chapter 05: Global Nanocellulose Technology Market Segmentation by Product
Chapter 06: Five Force Analysis
Chapter 07: Customer Situation
Chapter 08: Geographic Landscape
Chapter 09: Decision Framework
Chapter 10: Drivers and Challenges
Chapter 11: Market Trends
Chapter 12: Manufacturer’s Perspective
Chapter 13: Manufacturer Analysis
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