Nanocellulose Market by Type (MFC & NFC, CNC/NCC, and Others), Application (Pulp&paper, composites, biomedical & pharmaceutical, electronics & sensors, and others), Region (Europe, North America, APAC, and Rest of World) - Global Forecast to 2025
“Increasing demand for sustainable products is driving the overall nanocellulose market.”
The nanocellulose market size is expected to grow from USD 297 million in 2020 to USD 783 million by 2025, at a CAGR of 21.3% during the forecast period. The rising demand for nanocellulose is driven by consumers and retailers who are seeking to differentiate themselves by decreasing the lifecycle impact of products on the environment and improving the sustainability of the supply chain. Private and government funding has been promoting research and innovation across the nanocellulose industry. However, manufacturers are trying to overcome product standardization issues and facing regulatory barriers related to nanocellulose materials.
“MFC & NFC segment is expected to grow at the highest rate during the forecast period.”
MFC & NFC is the fastest-growing type of nanocellulose in the overall market. They have a low price, outstanding reinforcing potential, high viscosity & yield stress along with high water holding capacity. These properties of MFC & NFC are expected to help their rapid growth in the coming years. The NCC type of nanocellulose is expected to grow at the second-highest rate during the forecast period. NCC helps to enhance various properties of the materials that it is added to.
“Composites to be the fastest-growing application of nanocellulose market during the forecast period.”
Nanocellulose can be used as a filler or reinforcement in composite materials. Nanocellulose possess outstanding properties compared to Kevlar or steel wires, which are commonly used as reinforcements in composite materials. Moreover, nanocellulose reinforcement composite materials reduce the weight and retain the performance of final products. This drives the use of nanocellulose in the composite's application.
“Europe is expected to register the highest growth during the forecast period.”
Europe is expected to register the highest growth during the forecast period due to the vast pulp & paper industry. The region consists of countries such as Finland, Sweden, and Norway, which are among the largest pulp producing countries in the world. These countries of the area are providing substantial growth opportunities for the nanocellulose market in pulp & paper applications. However, composites, biomedical & pharmaceuticals, electronics & sensors, oil & gas, and cosmetics are also the emerging applications of nanocellulose in the region.
In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the nanocellulose market.
By Company Type - Tier 1: 25%, Tier: 50%, and Tier 3: 25%
By Designation - D Level: 30%, C Level: 20%, Others: 50%
By Region – Europe: 30%, APAC: 25%, North America: 20%, South America: 15%, Middle East & Africa: 10%
The nanocellulose market comprises significant players such as Fiberlean technologies (UK), Borregard (Norway), Nippon Paper Industries (Japan), Celluforce INC (Canada), Kruger INC (Canada), Stora Enso (Finland), Rise Innventia (Sweden), American Process Inc. (US), FPInnovations (Canada), UPM-Kymmene Oyj (Finland), Melodea (Israel), Cellucomp (Scotland), Blue Goose Refineries (Canada), Oji Holdings Corporation (Japan), VTT (Finland), and Sappi (South Africa).
The market study covers the nanocellulose market and its segments. It aims at estimating the market size and the growth potential of this market on the basis of type, application, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall nanocellulose market and the sub-segments. The stakeholders will be able to understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. It will also help stakeholders comprehend the pulse of the market and provide them with information on key market drivers, restraints, and opportunities.
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