Global Nanocellulose Market: Nanocellulose has been emerged as a strong, stretchable, renewable and economical material of the future.

Published Date: 11/05/2021

The market for nanocellulose is expected to grow from USD 297 million in 2020 to USD 1110 million by 2027, at a CAGR of 20.7%.

The global nanocellulose market is anticipated to witness significant growth over the forecast period owing to the increasing application scope of cellulosic materials in paper & pulp manufacturing coupled with rising environmental concerns. Unstable petrochemical prices are anticipated to propel market demand over the foreseeable future. Biodegradable, non-toxic, and renewable nature along with the thixotropic property of nanocellulose is expected to drive demand over the next seven years. Cost-effectiveness and abundant availability of raw material such as cellulose is anticipated to improve the supply scenario of the product over the foreseeable future. High economies of scale in nanocellulose manufacturing are anticipated to propel the market demand in the near future. Increasing demand for eco-friendly paints, composites, and coatings is anticipated to drive the market in the near future. Increasing demand in healthcare applications such as bio-barriers, antimicrobial films, bio-polymers, sanitary napkins, tampons, and wound dressing owing to enhanced absorbent properties is anticipated to drive the market over the forecast period.

The major vendors 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. (US), FPInnovations (Canada), UPM-Kymmene Oyj (Finland), Melodea (Israel), Cellucomp (Scotland), Blue Goose Refineries (Canada), Oji Holdings Corporation (Japan), VTT (Finland), and Sappi (South Africa).

Based on application, the nanocellulose market is segmented as pulp & paper; composites & packaging; biomedical, pharmaceutical & cosmetics; flexible electronics and sensors; and others. Pulp & paper currently is the most extensive application in the nanocellulose market. 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.