Global Nanocellulose Market 2017-2021
Nanocellulose is a renewable material derived from wood fibers. At least one of the dimensions of nanocellulose is less than 100 nanometers. It has special characteristics such as lightweight, high strength, and durability. Compared to other materials based on fossil fuels, nanocellulose is a renewable and biodegradable material. Nanocellulose is of three types: nano-fibrillated cellulose, nano-crystalline cellulose, and bacterial cellulose. Nanocellulose is used in coatings, paper processing, oil and gas, and composites. It is also gaining momentum in the medical sector.
Technavio’s analysts forecast the global nanocellulose market to grow at a CAGR of 29.54% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global nanocellulose market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Nanocellulose Market 2017-2021
Technavio recognizes the following companies as the key players in the global nanocellulose market: Borregaard, CelluForce, Daicel, NIPPON PAPER INDUSTRIES, RISE, and Sappi.
Other Prominent Vendors in the market are: AmericanProcess, Kruger, and Melodea.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of nanocellulose in pharmaceutical industry. Nanocellulose is available in three forms: nano-fibrillated cellulose, nano-crystalline cellulose, and bacterial cellulose. These three forms of cellulose are used in a variety of applications, including pharmaceuticals and cosmetics. The characteristics of nanocellulose such as lightweight, greater, non-toxicity, high tensile strength, and ability to conduct electricity have increased its use in a number of applications.”
According to the report, one driver in the market is growing demand in packaging applications. Packaging materials are used to pack food and drink, cosmetics, healthcare, and other consumer goods. They also provide sufficient barrier against oxygen, water vapor, grease, and microorganisms. Currently, most of the packaging materials are based on glass, aluminum, tin, and petroleum-derived synthetic plastics. These materials raise concerns from both economic and environmental perspectives. In addition, these materials are unsustainable, fragile (especially glass), and heavy, which increases the fuel consumption for shipping.
Further, the report states that one challenge in the market is high cost of manufacturing. The nanocellulose market is a capital-intensive market. It involves high investments at the initial stages. Before choosing any nanocellulose material to be used in composites, it is difficult for the manufacturer to decide its cost-benefit analysis. In spite of the benefits of nanocellulose materials, they also increase the overall price of the products. Nanocellulose is used in applications such as composites and foams for automotive, aerospace, building construction, and paper and packaging.
Borregaard, CelluForce, Daicel, NIPPON PAPER INDUSTRIES, RISE, Sappi, AmericanProcess, Kruger, and Melodea.