The Global Market for Nanocellulose Technology is Projected to Reach US$403 Million by 2020

Expanding Applications Spur Growth in the Global Nanocellulose Technology Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Nanocellulose Technology market. The global market for Nanocellulose Technology is projected to reach US$403 million by 2020, driven by expanding applications and the growing focus on green alternatives to petroleum in the manufacture of synthetic polymers and chemicals.

Given its unique characteristics, nanocellulose has the potential to find applications across numerous end-use sectors, ranging from composites, to paper and paperboard, electronics, and the oil industry. Properties such as lightweight, superior strength and rigidity represent major factors fueling commercial opportunities for Nanocellulose. Since nanocellulose is regarded as an ideal alternative for existing components, significant efforts are underway to commercialize the biomaterial. While nearly all available nanocellulose is used for research to develop new products, there are a few commercialized nanocellulose products in the market, including cement additives and pharmaceutical fillers. Research efforts are also underway to develop nanocellulose-derived polymers for aerospace and automotive applications.

Crystalline nanocellulose (CNC) features piezoelectric and photonic characteristics, while Cellulose Nanofibrils (CNF) is known to offer stability in aerogels and hydrogels. Cellulose is obtained from multiple renewable sources, such as plants, animal, algal biomass, and bacteria. Nanocellulose derived from cellulose is therefore biodegradable, and allows recycling of nanocellulose based products. As a result, nanocellulose derived products help lower the environmental impact of disposing electronics, which currently contain highly toxic materials. Despite its numerous advantages, such as non-toxicity, desirable mechanical characteristics and widespread availability, use of nanocellulose is currently confined to niche applications owing to high energy consumption, moisture sensitivity, and lack of compatibility with oleophilic polymers. Furthermore, the market is hampered by the absence of standard production and processing techniques required to ensure cost-effective production of nanocellulose. Government initiatives focused on green materials, along with partnerships at national and international levels with both academia and industry are expected to aid in the development of cost-effective production processes and accelerate market growth in the coming years.

As stated by the new market research report on Nanocellulose Technology, Cellulose Nanofibrils (CNF) represents the largest market segment owing to its various chemical, mechanical, and physical properties which allow the biomaterial to be used in a wide range of applications. Cellulose Nanocrystalline (CNC) is set to emerge as the fastest growing nanocellulose type. The ability of CNCs to organize into a chiral nematic (cholesteric) liquid crystal phase with a helical arrangement has garnered considerable interest and research effort in the material.  Demand for nanocellulose is led by the US and Europe primarily owing to the interest in composites and packaging, paper and paperboard, coatings, and biomedicine. The United States represents the largest market, while Europe led by Germany, follows in a close second place. Japan is forecast to emerge as the fastest growing market with a CAGR of 47.2% over the analysis period, led by the presence of several major cellulose nanofibrill manufacturers.

Major players covered in the report include Asahi Kasei Corporation, AmericanProcess Inc., CelluComp Ltd., CelluForce, Daicel Corporation, Essential Dynamics Inc., FPInnovations, Innventia AB, Imerys, Nippon Paper Industries Co., Ltd., Stora Enso Oyj, UPM, and VTT Group, among others.

The research report titled “Nanocellulose Technology: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections for Nanocellulose-derived products in US$ Thousand for major geographic markets, including the US, Japan, Europe, and Rest of World. The global market for Nanocellulose Technology is also analyzed by the two main types - Cellulose Nanofibrils (CNF) and Cellulose Nanocrystals (CNC).

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