October 10, 2019
According to the latest study titled ‘Global Nanocellulose Market Insights, Forecast to 2025’ available with Market Study Report LLC, the worldwide nanocellulose market is estimated to accumulate US $690 million by the year 2025.
Nanocellulose, as the term suggests, are nano-structured cellulose. The raw materials used to make the product are refined cotton, microcrystalline cellulose (MCC), and wood pulp. Growing concerns regarding environmental pollution, consumer inclination towards using sustainable & biodegradable products, and government initiatives, coupled with advancements in nanotechnology field will propel the growth of nanocellulose market.
According to the study, nanocellulose market was valued at US $39 million in 2019 and is expected to register a growth rate of 43.2% over the predicted timeline. The study analyzes nanocellulose market for segmental shares and growth opportunities. Furthermore, it provides a comprehensive outlook of trends, challenges, marketing strategies, distributing channels, consumer spectrum, and drivers influencing the market growth.
Based on type, the nanocellulose market is fragmented as bacterial cellulose, nanofibrillated cellulose (NFC), and nanocrystalline cellulose (NCC).
On the basis of application scope, the market is divided into composites materials, nonwovens adsorbent webs, paper & board, food products, and others. As per the report, paper & board segment held 35.51% share of the nanocellulose market, while food products sector contributed 29.99% share in 2017.
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Considering the geographical landscape, the global nanocellulose market is divided into five major regions. The United States, Canada, and Mexico fall under Americas; Asia-Pacific comprise of India, Vietnam, Indonesia, Japan, Thailand, South Korea, Malaysia, China, Philippines, and Australia; France, UK, Germany, Italy, Russia, and rest of Europe come under Europe; Brazil and rest of South America compose Central & South America; and Middle East & Africa is split into Turkey, GCC Countries, Egypt, South Africa, and rest of Middle East & Africa.
The key players operating in nanocellulose market profiled in the report comprise of Paperlogic, Celluforce, The US Forest Service, University of Maine, Inventia, Borregaard, American Process, Oji Paper, and Nippon Paper.