The report is titled ‘Nanocellulose Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the nanocellulose market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The nanocellulose market is expected to grow at a significant rate in the near future.
The nanocellulose market size was valued at US$ 290.3 Mn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 19.1% from 2020 to 2028.
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Nanocellulose Introduction
Nanocellulose can be perceived as a featherlight solid material obtained from plant material, which consists of bite-sized cellulose filaments. It is a fabricated or artificial plastic material and presents the attributes of particular varieties of fluids or gels that are usually thick in normal state. It is, in general, derived from wood pulp although it can be produced from any kind of cellulosic source matter. It is employed in order to enhance the rheology of pharmaceuticals, food, and cosmetics. It holds excellent attributes such as superior thermal stability, structural stability, weightlessness, and great water binding capacity, which make it appropriate to utilize in a number of applications, for instance, paints & coatings, paper & board, composites & packaging, personal care, oil & gas, and many others.
Nanocellulose Market Dynamics
Quite a few vital factors assigned to the growth of the global nanocellulose market are progressing automotive production and sales, enhancing living standards, and broadening cosmetics market, which are majorly boosting the demand of nanocellulose across the global markets. Owing to which, the global nanocellulose market is projected to witness major breakthroughs in the forthcoming years.
In addition to that, the massive upsurge in the oil and gas industry across the globe is further expected to accelerate the growth of the global nanocellulose market in the years to come. Other than that, the production of crude oil, worldwide, is further fueling the demand of nanocellulose across the global markets.
Moreover, the swift urbanization together with increasing disposable income in emerging economies is also anticipated to propel the demand in the given timeframe. Attributing to which, the global nanocellulose market is estimated to witness significant growth over the forecast period.
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Nanocellulose Market Segmentation
The nanocellulose market is segmented on the basis of type, application, and region.
By Type
- MFC & NFC
- CNC/NCC
- Others (BNC, TC, ANC, and CNY)
By Application
- Pulp & Paper
- Composites
- Biomedical & Pharmaceuticals
- Electronics Sensors
- Others (cosmetics, oil & gas, and food)
By Region
- North America
- Latin America
- Europe
- Africa
- Middle East
- Asia Pacific
Nanocellulose Market Key Players
The key participating players of the global Nanocellulose market include Fiberlean technologies, Borregard, Nippon Paper Industries, Celluforce INC, Kruger INC, Stora Enso, Rise Innventia, American Process Inc., FPInnovations, UPM-Kymmene Oyj, Melodea, Cellucomp, Blue Goose Refineries, Oji Holdings Corporation, VTT, and Sappi, among others.
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