Nanocellulose Market Report, By Type (MFC & NFC, CNC/NCC and BNC, TC, ANC, and CNY), Application (Pulp & Paper, Composites, Biomedical & Pharmaceuticals, Electronics Sensors) and Geography - Global Market Share, Trend Analysis & Forecast

Nanocellulose (NC) is a novel biomaterial with multiple industrial uses for replacing fossil derived raw materials. It is renewable, eco-friendly, has excellent mechanical properties, good biocompatibility, and tailorable surface chemistry. The addition of NC into polymers can enhance mechanical strength and reduce weight compared to fiber-reinforced plastics (FRP). On account of its properties of biodegradability and high tensile strength and strength to weight ratio has led nanocellulose materials finding immense application value in biomedical, healthcare and packaging and composites sectors. The presence of naturally occurring raw material in abundant quantities, as well as rising investment on the research and development activities, is providing a major boost to the market growth.  

Nanocellulose Market Trends

• Strong product demand across food packaging industry will be a major factor in driving the market size in the coming years
• This is mainly due to its excellent features such as biodegradability, ease of disposability, transparency, flexibility, high mechanical strength & barrier properties, etc. which helps in improving food shelf life

Nanocellulose Market Outlook

• Rising concerns regarding the environment along with the market impetus for greater sustainability in the use of products, are driving the demand for nanocellulose
• The rising resource constraint is also shifting the demand for bio-based products, which is a significant driver of the nanocellulose market
• Growing personal care industry in Asia Pacific is mainly attributed to rising socio-economic factors which has resulted in rising consumer spending power in the region
• Additionally, there is rising awareness regarding personal health, hygiene and care in countries in Asia Pacific such as India, Malaysia, Thailand, South Korea and Indonesia among others
• This healthy growth in the personal care industry shall boost the demand for nanocellulose over the forecast period, since it is a key ingredient in range of personal care products such as thickener, stabilizer, etc.

Nanocellulose Market COVID-19 Impact

• The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the chemical industry, as well as large companies and governments, to restock supply chains
• The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic
• Rising support from governments and several companies can help in the fight against this highly contagious disease

Nanocellulose Market Regional Trends

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. The Europe is expected to account for the largest share in the global nanocellulose market during the forecast period. Europe is the most significant and the fastest-growing nanocellulose market owing to the increasing demand in the pulp & paper application, along with the growing investments in R&D of nanocellulose materials. In the European region, product development projects have been funded by the government and private sectors. These factors are expected to lead to increasing demand for nanocellulose in the region during the forecast period.

Nanocellulose Market Segmental Highlights

• The report analyses the global nanocellulose market based on type, application and geography
• In terms of type, the market is divided into MFC & NFC, CNC/NCC and others including BNC, TC, ANC, and CNY
• Various application studied in the market are classified into pulp & paper, composites, biomedical & pharmaceuticals, electronic sensors, other applications such as, cosmetics, oil & gas, and food
• The demand for MFC & NFC is increasing exponentially, mainly due to its nano-scale dimensions and the ability to form a strong entangled nanoporous network
• Nanocellulose can be used as additives in papermaking to produce lighter and stronger paper and board, as it can be used to cut down the production cost; the paper presented through this method has enhanced properties, such as less porosity, higher printing quality, and less transparency

Nanocellulose Market Key Players

The key companies in the Nanocellulose market are Innventia Ab, VTT Technical Research Center, Sappi Ltd, Borregard Asa, Celluforce Inc, Fpinnovations, American Process Inc, Kruger Inc, Diacel Finechem Ltd, Nippon Paper Group Inc, Stora Enso, Melodea Ltd, J. Rettenmaire & Sohne Gmbh, Upm-Kymmene Oyj, Oji, Cellucomp, Dks and Blue Goose Refineries. New Nanocellulose product launches and strategic acquisitions is primarily focused by many industry players so as to maintain competitive edge in the market. Furthermore, many companies are looking to engage in new geographical areas to cater the growing demand for nanocellulose in the market.