Nanocellulose Market Expected to Reach $ 1,110 Million by 2027 – The Manomet Current

The nanocellulose market is expected to grow from USD 297 million in 2020 to USD 1,110 million by 2027, at a CAGR of 20.7%. Growing concerns for the environment as well as the market impulse for greater sustainability in the use of products are driving the demand for nanocellulose. Growing resource constraints are also changing the demand for bio-based products, which is a major driver of the nanocellulose market.

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The global nanocellulose market is expected to experience significant growth during the forecast period owing to the increasing scope of cellulosic materials in the manufacture of paper and pulp, coupled with increasing environmental concerns. Unstable petrochemical prices are expected to propel market demand for the foreseeable future. The biodegradable, non-toxic and renewable nature as well as the thixotropic property of nanocellulose are expected to drive demand over the next seven years. Profitability and the abundant availability of raw materials such as cellulose are expected to improve the product supply scenario for the foreseeable future. High economies of scale in nanocellulose manufacturing are expected to propel market demand in the near future. The growing demand for environmentally friendly paints, composites and coatings is expected to drive the market in the near future. Rising demand for healthcare applications such as bio-barriers, antimicrobial films, biopolymers, sanitary napkins, tampons and dressings due to improved absorbent properties is expected to drive the market during the forecast period.

The main suppliers in the nanocellulose market are Fiberlean technologies (UK), Borregard (Norway), Nippon Paper Industries (Japan), Celluforce INC (Canada), Kruger INC (Canada), Stora Enso (Finland), Rise Innventia (Sweden), American Process Inc. (United States), FPInnovations (Canada), UPM-Kymmene Oyj (Finland), Melodea (Israel), Cellucomp (Scotland), Blue Goose Refineries (Canada), Oji Holdings Corporation (Japan) , VTT (Finland), and Sappi (South Africa).

Analyst Commentary

The demand for MFC and NFC is growing exponentially, mainly due to its nanoscale dimensions and its ability to form an entangled nanoporous network. It grows due to its relative ease of preparation with high yield, high specific surface area, and high strength and stiffness. This bio-based nanomaterial has been widely used in nanocomposites due to its exceptional strengthening potential.

On the basis of application, the nanocellulose market is segmented into pulp and paper; composites and packaging; biomedical, pharmaceutical and cosmetic; flexible electronics and sensors; and others. Pulp and paper is currently the most widespread application in the nanocellulose market. Nanocellulose can be used as an additive in papermaking to produce lighter and stronger paper and board because it can be used to reduce production costs. The paper presented by this method has improved properties, such as lower porosity, higher print quality and lower transparency.

Segmentation

Nanocellulose market by type (MFC and NFC, CNC / NCC and others), application (pulp and paper, composites, biomedical and pharmaceutical, electronics and sensors, and others), region (Europe, North America, APAC and rest of the world).

Regional analysis

North America and Europe are expected to have higher demand than other regions due to the growth of the paint and coating industry. Major players such as CelluComp, Asahi Kasei and Rettenmaier & Sohne are investing heavily in R&D to develop nanocellulose products. Recent developments in the industry include the development of nanocellulose composites by CelluComp and the production of Ceolus an NCC by Asahi Kasei which has a wide range of applications in the pharmaceutical, nutraceutical and food industry due to its unique properties.

On the basis of the products, the nanocellulose market has been segmented into Nanocrystalline Cellulose (NCC), Nanofibrillated Cellulose (NFC) and Bacterial Cellulose (BC). NCC is expected to gain market share over the next seven years due to its high strength and improved optical and electrical properties.

The major players operating in the global nanocellulose market are CelluComp, Asahi Kasei, Daicel, Asahi Kasei Corporation, Rettenmaier & Sohne, Oji Paper, BASF AG and Celluforce. Lab-scale nanocellulose manufacturers include Innventia, Borregaard, Nippon Paper, and Stora Enso.

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