Nanocellulose Market 2017 World Analysis and Forecast to 2023 :
Nanocellulose Market – Market Overview:
The Global Nanocellulose market is growing with an instantaneous pace; mainly due to the expanding composites & packaging industries. According to a recent study report published by the Market Research Future, the global market of Nanocellulose is booming and expected to gain strong influence over the forecast period. The market is estimated to demonstrate remarkable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the forecasted period (2017 – 2023).
Globally, the market for Nanocellulose is driven by the region of North America, owing to the growing consumption of the product in numerous applications such as ultimate body armor, super flexible screens, future filters, bendable batteries, and others. This lightweight solid material is also used in paper & board, paints & coatings, personal care, composites & packaging, and oil & gas due to advantages offered by the product such as dimensional ability and thermal stability. Moreover, Nanocellulose is also utilized as a composite coating agent in cosmetic agent for nails, hair, eyebrows or eyelashes.
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Increasing demand for the product in various applications such as anti-microbial films, water-absorbent pads, and others signifies the growth of medical sectors. Moreover, the growing consumption of product due to unique features offered by the product such as lightweight, electrically conductive, non-toxic, high tensile strength, transparent, and other features provide a boost to the Nanocellulose market growth.
On the other hand, high consumption potential, expanding production capacities and improving lifestyle are the major factors and trends which are projected to propel the market growth during the forecast period.
Nanocellulose is used in various end-use industries such as composites & packaging, paper & board, paints & coatings, oil & gas, personal care, and others. It is also utilized as a solid material for packaging the food from spoilage, and other factors. The increasing personal care concerns and changing lifestyles has fuelled the demand for the product in cosmetics and personal care sectors. Additionally, the growing research & development to create bio-based products in the established industries have resulted into remarkable growth in the market during the forecast period.
Nanocellulose Market- Competitive Landscape
The Nanocellulose market appears to be competitive with the presence of several large and small players operating in the manufacturing and development of products. These key players compete with each other’s on the basis of quality, price, production and innovation. The nanocellulose market is set to grow at a significant rate which is likely to attract many entrants to the market resulting into healthy competition in the future. Manufacturers operating in the Nanocellulose market are striving to respond to an increase in demand for the product from packaging, paints & coatings, composites & packaging, and other sectors attributed to growing production capacity in major sectors. They ensure to deliver the best quality products based on innovative technologies, solutions and best practices.
Top Players Analysis=
DAICEL FINECHEM LTD (JAPAN), NIPPON PAPER INDUSTRIES CO., LTD. (Japan), Borregaard (Norway), CelluForce (U.S.), Sappi Ltd. (South Africa), Kruger Inc. (Canada), STORA ENSO (Finland), American Process Inc. (U.S.), UPM (Finland), and J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany), among others are some of the prominent players at the forefront of competition in the Global Nanocellulose Market and are profiled in MRFR Analysis.
Industry/ Innovation/ Related News:
February 17, 2015 – CelluForce (U.S.), one of the leading producers of Nanocellulose, declared that the company has accepted a contribution of $4 million from Sustainable Development Technology Canada (SDTC) to improve the extraction process of cellulose from wood pulp and produce applications in the oil & gas sector, where the product can be used extensively. These changes are expected to create a better product than before. One of the sources of the company also announced that the product can be utilized in immensely in oil & gas applications. Therefore, these factors are expected to drive the market over the assessment period.
March 12, 2015 – Sappi Ltd. (South Africa), one of the leading producers of Nanocellulose, declared that the company has chosen Brightlands Chemelot Campus in the Netherlands to build a pilot plant for the production of Nanocellulose. This plant was said to be operational within nine months. One of the sources of the company also announced that the raw material for generation of product were supplied by any of any of Sappi’s Saiccor, Ngodwana and Cloquet dissolving wood pulp plants. Therefore, these factors are expected to drive the market due to growing demand in end-use industries over the assessment period.
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