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Nanocellulose Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 288 | Report ID: MRS1109


Report Description

The global Nanocellulose market size is estimated at USD 444.7 Million in 2020, expanding at a CAGR 25.4% from 2021-2027 to reach 1,308.8 Million USD in 2027.

Market Dynamics

The increased need for atomic pressure microscope, magical angle rotating, NMR spectroscopy, and transmitted electrons in the food technology, medical, aviation, marine, as well as oil industries is also propelling the worldwide Nanocellulose industry growth. While the rising requirement for healthcare solutions including bio-polymers, sanitary products, bio-barriers, debridement, and the tampon is likely to fuel industry expansion during the forthcoming years. Furthermore, the high manufacturing expense of polymeric materials, as well as changing fuel costs, are pushing the market's expansion.

COVID19 Impact

COVID-19 in 2020 had a negative impact on the industry. Production operations were suspended owing to logistic chain delays and labor constraints, or even as a precautionary move to stem viral transmission, negatively impacting the industry. The packing sector had several significant challenges as a result of the coronavirus outbreak, such as the impacts of a statewide lockdown, corporations shifting their sourcing elsewhere from China, as well as rethinking the substances utilized in packing. While the economic condition of nanocellulose has been considerably impacted, large growth in end-user interest in specific industries has substantially increased the spectrum of nanocellulose. Nonetheless, circumstances are likely to improve in 2022, restoring the industry's development momentum and benefiting the industry considerably during the projected timeframe.

Regional Insights

The nanocellulose industry has been divided into four regions: Europe, North America, Asia Pacific, and the Rest of the World. Europe accounted for the major and speediest nanocellulose industry growth, due to rising consumption in the wood and papers industry, as well as increased expenditure in nanocellulose research and development. Product innovation initiatives in the European area have indeed been financed by both the public and commercial industries. Throughout the projected timeline, these variables are likely to increase the market for nanocellulose in the area.

Segment Insights

The nanocellulose industry is divided into three sections: type, applications, and raw material. Cellulose nanofibrils were expected to capture a large part of the market due to their rising application possibilities. Cellulose nanofibrils were employed in the production of fabrics and filtration composites, while scientists are now investigating the creation of CNF-based polymeric products.

Competitive Insights

The Nanocellulose industry is extremely fragmented, with both domestic and foreign competitors present. To maintain competitiveness, key firms in the business participate in planned mergers and acquisitions, partnerships, and innovative product releases. For instance, Stora Enso will purchase shares in Elopak ASA in 2021. This purchase will boost the organization's brand in the worldwide package business, particularly in fluid packaging products in North America and Europe.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Nanocelluloses by type, region, raw material and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Sappi Ltd.
  • University of Maine
  • Rise Innventia AB
  • Oji Holdings Corporation
  • Norske Skog ASA
  • Nippon Paper Industries Co. Ltd
  • Melodea Ltd
  • Fiberlean Technologies
  • Daicel Finechem Ltd
  • Chuetsu Pulp & Paper Co. Ltd
  • CelluForce
  • CelluComp
  • Borregaard
  • Axcelon Biopolymers Corporation
  • American Process International LLC

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • CNC/NCC
  • MFC & NFC
  • Others (BNC, ANC, TC, and CNY)

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Electronics Sensors
  • Composites
  • Pulp & Paper
  • Biomedical & Pharmaceuticals
  • Others

Raw Material Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Wood
  • Non-wood

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Nanocellulose market size is estimated at USD 444.7 Million in 2020, expanding at a CAGR 25.4% from 2021-2027 to reach 1,308.8 Million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Nanocellulose market size is expanding at a CAGR 25.4% from 2021-2027 to reach 1,308.8 Million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Nanocellulose industry is extremely fragmented, with both domestic and foreign competitors present. To maintain competitiveness, key firms in the business participate in planned mergers and acquisitions, partnerships, and innovative product releases. For instance, Stora Enso will purchase shares in Elopak ASA in 2021. This purchase will boost the organization's brand in the worldwide package business, particularly in fluid packaging products in North America and Europe.

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