Nanocellulose Market Rising at $530.0 Mn by globally 2020: Market Size Forecasters
Zion Market Research has published a new report titled “Nanocellulose (Nano-crystalline Cellulose, Nano-fibrillated Cellulose and Bacterial Nanocellulose) Market for Composites, Oil & Gas, Paper Processing, Paints & Coatings and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for nanocellulose market was valued at USD 65.0 million in 2015, and is expected to reach USD 530.0 million in 2021, growing at a CAGR of around 30.0% between 2016 and 2021. In terms of volume, the global nanocellulose market stood at 13,870.0tons in 2015.
Nanocellulose is a versatile material that is mainly derived from trees cellulose or pulp. Nanofibrils are derived from celluloses that are of variant shape such as ribbon-like, thread-shaped or short rod-shaped. It exhibits outstanding tensile strength and compatibility as well as it highly biodegradable in nature. Thus, it has vast array of impending commercial applications such as composites and foams for automotive, aerospace, building construction.As well as viscous modifiers for cosmetics & oil drilling fluids, paper, packaging, paints, plastics and cement.
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The major driving factor for nanocellulose market is extensive government funding coupled with large investment by many private players. Excellent structural strength and ability to condense the reimbursement caused due to humidity and wear and tearis expected to fuel the growth of nanocellulose market. However, high cost of production involving the technical and economical issues is expected to limit the growth of this industry.
Nano-fibrillated dominated the global nanocellulose market and accounted for over 45% share of the entire market in 2015. Nano-crystalline cellulose stood as a second largest segment. It is frequently used for packaging applications. However, bacterial cellulose exhibits the lowest share but it is projected to be the fastest growing product segment during the forecast period. This is attributed to the potential it posses to fit for the fields like biomedical, filter membranes, biotech devices and food.
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Composites applications segment was the largest segment of global nanocellulose industry and accounted for more than 30% share of the entire market in 2015. It is expected to remain prolong application over the forecast period owing to tendency of having tensile strength and biocompatibility. Paper processing is the second largest application segment for the global nanocellulose market. Moreover, oil & gas applications segment is also expected to exhibit rapid growth during the forecast period due to it is used in form of rheological modifier and emulsion stabilizer.
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North America was dominating regional market for nanocellulose industry owing to strong demand from U.S. It accounts for over 30% share of the overall market volume consumption in 2015 and further expected to remain major regional market for nanocellulose during the next five years. North America was followed by Europe with second largest market share in global nanocellulose market in 2015. Asia Pacific is expected to grow at a moderate pace within the forecast period.
The key players for the nanocellulose market include Innventia AB, Sappi Ltd, Borregard ASA, CelluForce Inc, Fpinnovations, American Process Inc., Kruger Inc., Diacel Finechem Ltd., Nippon Paper Group Inc., Melodea Ltd., J. Rettenmaire & Sohne GmBH (JRS) and UPM-Kymmene OYJ.
This report segments the global nanocellulose market as follows:
Nanocellulose Market: Product Segment Analysis
- Nano-crystalline cellulose
- Nano-fibrillated cellulose
- Bacterial nanocellulose
Nanocellulose Market: Application Segment Analysis
- Oil & gas
- Paper processing
- Paints & coatings
Nanocellulose Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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