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CHEMICALS AND ADVANCED MATERIALS

Nanocellulose Market Segmentation by Type {Nano fibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC), Bacterial Cellulose, Micro fibrillated Cellulose (MFC), and Others}; and by End-Use – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Nanocellulose Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • April, 2019: Oji Holdings Corporation and Nikko Chemicals Co., Ltd. to jointly develop cosmetic quality commercial nanocellulose fiber ‘AUROVISCO CS’.

  • October, 2018: Stora Enso Group announced the acquisition of Cellutech AB, the specialist in applications-based cellulose. The acquisition will expand the company’s portfolio worldwide.

Global Nanocellulose Market Highlights over 2022 – 2030

The global nanocellulose market is estimated to grow at a CAGR of ~22% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing demand for cellulose for various applications, combined with the growing requirement of bio-based products. Nanocellulose means nano-structured cellulose, which are obtained through any cellulose source, through complex methods, such as, high velocity impact homogenization, micro fluidization, high-pressure, and high temperature. The growing environmental awareness amongst the people and the government initiatives to promote eco-friendly production, is estimated to boost the market growth. Nanocellulose is a biodegradable and environment friendly alternative to synthetic polymers, which is estimated to further boost its demand amongst the healthcare sector. Growth in the pulp & paper industry is also estimated to boost the market growth. According to the data by the International Energy Agency (IEA), the paper production is expected to increase by 1.2% annually. Moreover, advancement in nanotechnology and its escalating adoption are projected to boost the market growth.

Nanocellulose Market

The market is segmented by type into nano fibrillated cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose, micro fibrillated cellulose (MFC), and others, out of which, the nano fibrillated cellulose (NFC) segment is anticipated to hold the largest share in the global nanocellulose market over the forecast period on account of the ability of NFC to form a strong porous and entangled network of fibers. The easy availability, large surface area, and higher tensile strength are the major factors estimated to boost the market growth.

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Manufacturing

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Nanocellulose Market Regional Synopsis

On the basis of geographical analysis, the global nanocellulose market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing paper & pulp industry. The growth in the end-user industries is bound to boost the growth in the nanocellulose market in the region. Moreover, the presence of major key players in developing countries, is projected to boost the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing adoption of advanced technology, accompanied with high investment in research and development activities in the region.

Global Nanocellulose Market

The global nanocellulose market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global nanocellulose market includes the following segments:

By Type

  • Nano fibrillated Cellulose (NFC)
  • Nanocrystalline Cellulose (NCC)
  • Bacterial Cellulose
  • Micro fibrillated Cellulose (MFC)
  • Others

By End-Use

  • Pulp & Paper
  • Composites
  • Biomedical
  • Others

Growth Drivers

  • Growing Demand for Bio-based Products
  • Advantages of Using Nanocellulose in Medical Industry

Challenges

  • High Competition from Cheaper Alternatives like Rubber & Plastic
  • Lack of Knowledge and Awareness

Top Featured Companies Dominating the Market

  • Nippon Paper Industries Co. Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Oji Holdings Corporation
  • Stora Enso Biomaterials
  • Södra Skogsägarna
  • Fiberlean technologies
  • Kruger Inc.
  • Borregaard
  • Celluforce Inc.
  • Yara International ASA
  • Sappi Limited

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