According to the report titled ‘GLOBAL Nanocellulose Market 2021-2028’, available with Market Study Report, global nanocellulose market is projected to grow at an annual rate of 18.21% through 2028.
 

Product utilization in paints & coatings, cosmetics, and paper processing due to its structural, mechanical and thermal properties is catalyzing the growth of global nanocellulose market. Furthermore, surging adoption of flexible aids will also lead to market expansion in the ensuing years.
 

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On the other hand, lack of buyer awareness, and financial constraints hinders global nanocellulose market outlook.
 

Based on product terrain, worldwide nanocellulose industry is classified into microfibrillated cellulose (MFC), nanocrystalline cellulose (NCC), bacterial cellulose (BC), nanofibrillated cellulose (NFC), and others.  According to end user scope, the marketplace is segregated into oil & gas, paints & coatings, food & beverage, pharmaceuticals & cosmetics, paper processing, and composites among others.
 

From regional frame of reference, Asia pacific nanocellulose market size is projected to exhibit momentous growth through 2028. Companies in this region are investing more resources in research & development so they can boost production of nanocellulose products. Notably, Japanese firms are been researching in the field with focus on chemically modified fibrils.
 

RISE Innventia AB, Melodea Ltd., FiberLean Technologies Ltd., University of Maine, American Process Inc., Cellucomp Ltd., Norske Skog AG, Borregaard, Sappi Limited, Chuetsu Pulp & Paper Co. Ltd., Axcelon Biopolymers Corporation, Celluforce Inc., Oji Holdings Corporation, Nippon Paper Industries Co. Ltd., and Daicel FineChem Ltd. are the key players in global nanocellulose market sphere. These colossuses are undertaking various strategies like partnership & collaboration, and merger & acquisition to amplify their geographical reach and improve their profits returns.