Acknowledging the kind of traction gained by this market, recently published a study report asserts the Nanocellulose Technology market is expected to reach USD 2247.5 million by 2027, registering a phenomenal CAGR of 21.3% during the review period (2022 to 2027).
Nanocellulose Technology Market Overview
Nanocellulose (MFC/NFC) is a substance made composed of nano-sized cellulose fibrils with a high length to width (aspect) ratio. The dimensions typically range from 5 to 20 nanometers to severe micrometers. It is pseudo-plastic in nature, with qualities of a gel and a viscous liquid under normal conditions, but it becomes less viscous and can flow when agitated. Thixotropy is the name for this characteristic. Nanocellulose is used in a wide range of applications due to this feature. Nanocellulose's appealing properties can be used in a variety of end-user industries such as composites manufacturing, paper processing, food & beverage, personal care, paints & coatings and pharmaceutical. Potential end user industries include oil & gas, construction and textiles.
The nanocellulose technology market is experiencing significant demand from a variety of end user sectors, an economic hurdle in the form of high capital costs is impeding its growth. Nanocellulose synthesis on a large scale necessitates cost-effective manufacturing and processing techniques. Manufacturing facility capacity expansion typically necessitates the installation of new equipment, technology, and quality control systems. The lack of sufficient instrumental infrastructure is expected to stymie nanocellulose manufacturing scaling. The low cost of replacement products is the biggest challenge to nanocellulose technology. Nanocellulose, on the other hand, outperforms its competitors in terms of quality.
Who are the Major Players in Nanocellulose Technology Market?
The global Nanocellulose Technology Market includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Borregard, Fiberlean technologies, Celluforce INC, Nippon Paper Industries, Rise Innventia, Stora Enso, American Process Inc, FPInnovations, Oji Holdings Corporation, and Blue Goose Refineries.
Industry News and Development:
March 29, 2021: The Werhahn Group acquires FiberLean Technologies, a leading manufacturer of an innovative
We are excited to announce that, effective immediately, the Werhahn Group, a German fully family-owned business Group, has acquired 100% ownership of FiberLean Technologies. Formed five years ago as a joint venture and previously owned by Imerys SA and Omya International
What are the major Applications, Types and Regions for Nanocellulose Technology Market?
Nanocellulose Technology Market is segmented based on the Type, Applications and Regions.
By Type, it is segmented into
- Cellulose Nanofibrils
- Cellulose Nanocrystals
- Bacterial Nanocellulose
By Applications it is segmented into
- Composites Manufacturing
- Paper Processing
- Food and Beverage
- Paints and Coatings
- Others
Nanocellulose Technology Market Regional Analysis
The global nanocellulose technology market is concentrated in developed regions such as North America and Europe. Asia Pacific is also expected to have attractive growth potential in the nanocellulose technology market due to the rise in demand for biodegradable products from developed economies. Continuous technological innovations, advancements made in the personal care and pharmaceutical sectors, and a rise in emphasis on biodegradable products are propelling the demand for nanocellulose. The North American market is the most lucrative market owing to extensive R&D. However, the European and Asia-Pacific regions are considered as the most promising markets in the upcoming future.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Nanocellulose Technology Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 21.3% during the review period (2022 to 2027).
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By Type
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- Cellulose Nanofibrils
- Cellulose Nanocrystals
- Bacterial Nanocellulose
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By Application
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- Composites Manufacturing
- Paper Processing
- Food and Beverage
- Paints and Coatings
- Others
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By Companies
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Celluforce, University of Maine, The US Forest Service, Borregaard, Inventia, American Process, Nippon Paper
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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87
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Nanocellulose Technology Report
- Evaluate Nanocellulose Technology market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Nanocellulose Technology market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Question -
What is the study period of this market?
The Nanocellulose Technology Market is studied from 2022-2027.
Who are the prime players in the Nanocellulose Technology Market?
Celluforce, University of Maine, The US Forest Service, Borregaard, Inventia, American Process, Nippon Paper
Which region held the largest share in the Nanocellulose Technology Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant types of Nanocellulose Technology Market?
Cellulose Nanofibrils, Cellulose Nanocrystals, Bacterial Nanocellulose
What are the major applications of Nanocellulose Technology Market?
Composites Manufacturing, Paper Processing, Food and Beverage, Paints and Coatings, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
