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Nanocellulose Market 2019 Industry Size, Trends, Global Growth, Insights and Forecast Research Report 2023

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Nanocellulose Market 2019 Industry Size, Trends, Global Growth, Insights and Forecast Research Report 2023

August 31
19:15 2019
Nanocellulose Market 2019 Industry Size, Trends, Global Growth, Insights and Forecast Research Report 2023

Global Nanocellulose Market Share by Application 2019-2023
Nanocellulose Market Information by Type [Nanofibrillar Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose (BCC)], Application (Composites & Packaging, Paper & Board, Paints & Coatings, Oil & Gas, Personal Care, and Others), and Region- Forecast till 2023

Market Overview:

The global nanocellulose market is mainly driven by the growing demand for environmentally viable components in a number of industries such as paints and coatings, packaging, and cosmetics. The increasing demand for materials research to develop consumer products that feel good to the touch is likely to be a major driver for the global nanocellulose market over the forecast period from 2017 to 2023.

The growing demand for sustainable manufacturing practices in the paints and coatings industry, traditionally a major consumer of environmentally unsustainable products, is a key driver for the global nanocellulose market.

Nanocellulose is a cellulosic material derived from wood mass or certain other types of biomass sources. The nanocellulose market is mainly driven by the growing demand for haptic optimization in products such as personal care, food, and pharmaceuticals. The use of nanocellulose in these applications improves the texture of the product, making it more comfortable and suitable for consumers. The increasing prevalence of a consumer-centric approach in the personal care and other FMCG industries is likely to drive the demand from the nanocellulose market over the forecast period from 2017 to 2023.

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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.

Nanocellulose is also being used to produce biodegradable plastic composites along with plastics such as polylactic acid, poly butylene succinate, and poly butylene adipate terephthalate. The increasing demand for biodegradable packaging materials such as bags as well as implements such as straws and trays is likely to drive the demand for nanocellulose over the forecast period.

Competitive Analysis:

Leading players in the global nanocellulose market include J. Rettenmaier & Sohne GmbH + Co KG, UPM, AmericanProcess Inc., Stora Enso, Kruger Inc., Sappi Ltd., CelluForce, Borregaard, Nippon Paper Industries Co. Ltd., and Daicel Finechem Ltd.

In September 2018, Green Science Alliance Co. Ltd. announced the development of a new process for manufacturing biodegradable plastics by combining nanocellulose with a number of other thermoplastic plastics. The company has also developed a process for mixing nanocellulose with biodegradable plastics such as PLA, making this find crucial for the company.

Segmentation:

The global nanocellulose market is categorized on the basis of type, application, and region.

On the basis of type, the market is segmented into nanofibrillar cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose (BCC).

On the basis of application, the market is classified into composites & packaging, paper & board, paints & coatings, oil & gas, personal care, and others. The composites and packaging segment holds the largest share in the global nanocellulose market and is likely to account for more than 40% of the market over the forecast period. This is due to the increasing demand for biodegradable plastics and packaging materials, resulting in increasing private investment as well as government support for the development of such materials.

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Regional Analysis:

North America is the leading regional market for nanocellulose and is likely to remain in the position over the forecast period due to the increasing industrial consumption of nanocellulose in the region. The increasing government support for the development of biodegradable plastics is likely to be a key driver for the nanocellulose market in the U.S. and Canada.

The increasing consumer awareness about biodegradable plastics has also raised the potential for the nanocellulose market in North America, as consumers in the region may actively seek out or prefer stores that provide biodegradable packaging. The strong presence of the paints and coatings industry, automotive industry, and aerospace industry in the region is also likely to be a major driver for the nanocellulose market due to the high consumption of nanocellulose in the paints and coatings industry.

Europe follows North America in the global nanocellulose market. The market is mainly driven by the growing demand for eco-friendly paints and coatings from the automotive industry, which has a strong presence in the heartlands of Central and Western Europe. Growing government support for the use of environmentally viable materials in the industrial sector is likely to drive the nanocellulose market in the region over the forecast period.

Asia Pacific is likely to exhibit the fastest growth of any regional market over the forecast period. The demand for nanocellulose in Asia Pacific is mainly driven by the growing paints and coatings industry in India, the Philippines, Malaysia, and China. The increasing demand for automotive paints and coatings in the developing economies of Asia Pacific is likely to be a major driver for the nanocellulose market in the region over the forecast period.

Intended Audience

  • Nanocellulose Manufacturers
  • Traders and Distributors of Nanocellulose
  • Production Process Industries
  • Potential Investors
  • Raw Material Suppliers
  • Nationalized Laboratory

LIST OF FIGURES:

FIGURE 1 Global Nanocellulose Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Nanocellulose Market

FIGURE 4 Value Chain Of Global Nanocellulose Market

FIGURE 5 Share Of Global Nanocellulose Market In 2016, By Country (In %)

Continued…

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