The SNS Insider report indicates that the Nanocellulose Market Size was valued at USD 492.36 million in 2023 and is expected to reach USD 2256.62 million by 2031 and grow at a CAGR of 20.8% over the forecast period 2024-2031. The nanocellulose market is witnessing rapid growth driven by its remarkable properties and diverse applications across industries. Nanocellulose, derived from cellulose fibers found in plants and trees, has gained attention for its exceptional strength, lightweight nature, and sustainability. As a renewable and biodegradable material, nanocellulose offers a compelling alternative to traditional petroleum-based products. Its unique characteristics, including high surface area, transparency, and mechanical properties, make it highly versatile for use in various applications. From enhancing the strength and durability of composite materials to serving as a sustainable additive in food and cosmetics, nanocellulose is revolutionizing multiple industries.
Innovation and technological advancements are driving transformative changes in the nanocellulose market, unlocking new opportunities for commercialization and application development. Researchers and manufacturers are exploring novel methods for producing nanocellulose with improved properties and cost-effectiveness. Advancements in nanotechnology, such as cellulose nanocrystals (CNCs) and cellulose nanofibrils (CNFs), have led to the development of nanocellulose-based materials with enhanced strength, flexibility, and barrier properties. Additionally, collaborations between academia, industry, and government institutions are fostering innovation and accelerating the adoption of nanocellulose in various sectors. As awareness of nanocellulose's potential grows and technology continues to evolve, the market is poised for continued expansion, offering opportunities for sustainable innovation and addressing the challenges of the 21st century.
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Some of the Key Players Included are:
l Nippon Paper Industries C0 Ltd
l Rettenmaier & Sohne GmbH + Co KG
l UPM
l Daicel Finchem Ltd
l Stora Enso
l Celluforce
l Sappi Ltd
l Borregard
l American Process Inc.
l Kruger Inc
l other players
Market Report Scope –
An ideal alternative to different synthetic materials has emerged from nanocellulose. This is because of its unique properties such as a large surface area, outstanding physical strength, tunable surface chemistry, biodegradability, and regenerative potential. It is known as nitrocellulose, a lightweight material derived from plant matter that contains cellulose fibrils. The most abundant natural polymer in the world, i.e. cellulose, is generally the source of nanocellulose.
Market Growth Factors –
The growth is the result of increased demand for different applications and a shifting trend towards bio-based products, which are key factors driving product demand. Nanocellulose is suited for the production of a broad range of products due to its different properties, e.g. increased paper machine efficiency, improved fillers content, lower base mass, and higher free density. Due to its high strength, nanocellulose is being used by the paper industry as a major sustainable nanomaterial additive.
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Segmentation Analysis –
The Nanocellulose market segmentation, based on Type, includes microfibrillated cellulose (MFC), cellulose nanofibrils (CNF), cellulose nanocrystals (CNC), bacterial cellulose (BC), and others. Cellulose nanofilaments are not just used for the manufacture of textiles and filter materials, but researchers also study how CNF-based plastics can be developed. For example, Daio Paper has created a CnFsheets material composed of approximately 80% wN nanofibers which have comparable characteristics. The nanocellulose market segmentation is based on applications such as cement & composites, textiles, and nonwovens, paper and packaging, food products, cosmetics or toiletries, filter material, etc. Based on these applications, the use of cellulose nanocrystals in both paper and plastic packaging is expected to grow at a faster rate than any other segment.
By Type
l MFC & NFC
l CNC/NCC
l Others
By Raw Material
l Wood
l Non-wood
By Application
l Pulp & Paper
l Composites
l Biomedical & Pharmaceuticals
l Electronics Sensors
l Textiles
l Others
Key Regional Development –
In 2022, Europe led the market with more than 35% of revenues. This is due to the increasing demand for paper and pulp combined with prohibitions on single-use plastic packaging, which are expected to lead to an increased demand for nanocellulose packing material. The UK is the biggest consumer in Europe. As a result of the shift in consumer demand for plant-based ingredients in foods, beverages, pharmaceuticals, electronics, and other applications, the U.K. market is estimated to have grown at an exponential rate. Some of the key factors expected to drive demand for this product are facility expansion, acquisitions, and joint ventures as well as research and development expenditure.
Key Takeaways–
Nanocellulose is appropriate for the production of a broad range of products because of its various characteristics, e.g. an increase in paper machine efficiency, better-filling properties, lower base mass, and greater elasticity. The paper industry uses nanocellulose as a prominent sustainable nanomaterial additive owing to its high strength, strong oxygen barrier performance, low density, mechanical qualities, and biocompatibility among the available bio-based resources.
Recent Developments -
Sweetwater received final approval for its first commercial SunburstCNC unit at the Sweetwood project in Tallinn, Estonia in March 2022.
Anomera, Inc. started production of CNC at its 170 tpy carboxylated CNC facility in Canada in July 2022.
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