According to a research report titled ‘Global Nanocellulose Market 2021-2028’, available with Market Study Report, global nanocellulose market is anticipated to register a healthy compound annual growth rate of 18.21% over the forecast period 2021-2028.
 

Report findings claim that global nanocellulose market is largely driven the broadening applications of nano-structured cellulose, including paints & coatings, cosmetics, and paper processing, owing to its superior thermal, mechanical, and structural properties. Furthermore, surge in adoption of flexible aids is also unlocking multiple opportunities in the industry sphere.
 

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Despite the positive outlook, low awareness about nanocellulose among buyers and looming financial hurdles may negatively impact the market growth trajectory in the upcoming years.
 

Based on product type, global nanocellulose market is classified into nano fibrillated cellulose (NFC), bacterial cellulose (BC), micro fibrillated cellulose (MFC), nanocrystalline cellulose (NCC) and other product types. Among these, bacterial cellulose segment is expected to register the highest CAGR over the study duration.
 

Elaborating on the end-user spectrum, the industry segmentation comprises paper processing, oil & gas, composites, paints & coatings, pharmaceuticals & cosmetics, food & beverages and other end-users.
 

Considering the regional outlook, North America, Asia Pacific, Latin America, Europe, and Middle East & Africa are the key growth hubs for the market.  Expert analysts cite that Asia-Pacific industry is slated to record a remarkable growth during the forecast period, creditable to significant rise in manufacturing activities of cellulose nanomaterials and increasing focus of organizations towards R&D for accelerating its mass-scale production.
 

For the record, Japanese companies have been conducting extensive research on nanocellulose for several years and have majorly been focusing on development of chemically modified fibrils.
 

Prominent players in global nanocellulose market space are University of Maine, Sappi Ltd., Rise Innventia AB, Oji Holdings Corp., Norske Skog ASA, Chuetsu Pulp & Paper Co. Ltd., Nippon Paper Industries Co. Ltd., Melodea Ltd., Fiberlean Technologies Ltd., Daicel FineChem Ltd., CelluForce Inc., CelluComp Ltd., Borregaard ASA, Axcelon Biopolymers Corp., and American Process Inc.