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Global Nanocellulose Market - Forecasts from 2022 to 2027

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    Report

  • 124 Pages
  • March 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5576412
The global nano cellulose market was valued at US$304.617 million in 2020 and is expected to grow at a CAGR of 24.72% over the forecast period to reach a total market size of US$1,429.903 million by 2027.



Nanocellulose is a kind of cellulose derived from wood pulp. Mechanical procedures involving high shear pressures are used to separate the substance from the wood. It is produced using high-pressure homogenizers, ultrasonic homogenizers, grinders, or microfluidizers, for example. These nanoparticles are very light, sturdy, and electrically conductive, making them a great product for use in composites. A nanocomposite containing a nanocellulose component has the strength to stop a bullet, making it suitable for the production of bullet-proof goods. Furthermore, due to its low density, high aspect ratio, and hardness, it is an excellent addition to cement.

According to the Technical Association of the Pulp and Paper Industry (TAPPI), the growing number of patent applications and research publications reflects the public's interest in this type of nanomaterial.  Nanocellulose has the potential to replace many petrochemical-based goods and is less expensive than other nanoscale high-performance materials. It has outstanding qualities like disability, biodegradability, transparency, flexibility, high mechanical strength, and barrier properties, among others. In the coming years, the growing food and beverage sector, as well as rising health concerns, will play a significant role in driving nanocellulose market share.

Most packaging industry firms are also making significant efforts to improve packaging material qualities in terms of sustainability and recycling. Nanocellulose has a significant impact on lowering carbon footprints. In the coming years, the industry will be fueled by rising environmental concerns, including global warming and environmental regulations.

The advantageous characteristics, such as superior thermal properties, low density, and biodegradability, make it a highly sought-after material in reinforced plastics. Rising global automobile and aircraft production and sales, as well as increased building and renovation activities in developed countries, will boost the total nano cellulose market revenue throughout the forecast period.

During the projected period, North America is anticipated to lead the market. Rising demand from the aerospace and pharmaceutical industries is driving market demand. For instance, the Federal Aviation Administration (FAA) estimates that the overall commercial aircraft fleet will increase from 7,628 in 2019 to 9,421 in 2040, due to increased air freight. Furthermore, as the current fleet ages, the US mainliner carrier fleet is anticipated to increase at a pace of 44 aircraft each year. The Process Development Center at the University of Maine is the only facility in the United States capable of producing cellulose nanofibers (CNFs) at a rate of one metric tonne per day. It supplies cellulose nanofibers (CNFs) to universities, government agencies, and private research organizations interested in assessing and developing novel applications.

Growth Factors


Increase  in demand for eco-friendly materials:


Due to its low oxygen permeability, nano-fibrillated cellulose has the potential to replace plastic films in composite packaging. Consumers are becoming increasingly cautious about the use of synthetic fillers in composite materials owing to environmental concerns. As a result, replacing synthetic pads with natural ones will benefit the environment. Since the product has high heat conductivity, a low density, and is biodegradable, it is a suitable choice.  Consumer demand for eco-friendly products in the personal care and food and beverage sectors is driving the demand.

Restraints:


High Production Costs: Despite the fact that cellulose is abundant in nature, the synthesis of these nanomaterials necessitates extensive technical expertise and technology, which raises the production cost. Furthermore, numerous other materials provide the same function as these materials at a far cheaper cost. Metal additions, for instance, change the characteristics of plastic composites in the same way as nanocellulose does, but at a fraction of the cost. Furthermore, unrestricted wood cutting to fulfil rising demand could hasten global forest loss. As a result, regulated monoculture is necessary to ensure a steady supply, raising the entire cost of manufacturing. Therefore, the market’s development potential is hampered by the high manufacturing costs.

COVID-19's Impact on the Nano Cellulose Market:


COVID-19 in 2020 had a negative impact on the market. Manufacturing activities were suspended owing to supply chain disruptions and manpower shortages, or as a precautionary step to prevent the virus from spreading, thus negatively impacting the market. The packaging sector had several significant difficulties due to the COVID-19 pandemic, including the impacts of a nationwide lockdown, companies’ shifting their manufacturing away from China, and rethinking the materials used in packaging. Nevertheless, the conditions are expected to recover in the coming years.

Key Developments

  • Blue Biofuels recruited Travis Baughman, Ph.D., an expert in plastics and polymers, in September 2021, to accelerate the development of biodegradable bioplastics and nanocellulose products.
  • In September 2021, University of Georgia researchers developed a new eco-friendly indigo dyeing technique for jeans using nanocellulose fibrils.

Market Segmentation


By Type

  • Nano fibrillated Cellulose
  • Bacterial Nanocellulose
  • Nanocrystalline Cellulose

By Application

  • Telematics
  • Composites & Packaging
  • Rheology Modifier
  • Electronic & Sensors
  • Paper & Paper Board

By Geography

  • North America
  • United States
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • UK
  • France
  • Germany
  • Italy
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Others
  • Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • Taiwan
  • Indonesia
  • Others
Frequently Asked Questions about the Global Nanocellulose Market

What is the estimated value of the Global Nanocellulose Market?

The Global Nanocellulose Market was estimated to be valued at $304.62 million in 2020.

What is the growth rate of the Global Nanocellulose Market?

The growth rate of the Global Nanocellulose Market is 24.7%, with an estimated value of $1429.9 million by 2027.

What is the forecasted size of the Global Nanocellulose Market?

The Global Nanocellulose Market is estimated to be worth $1429.9 million by 2027.

Who are the key companies in the Global Nanocellulose Market?

Key companies in the Global Nanocellulose Market include Kruger Inc., Innventia, Cellulose Lab, Sappi, CelluForce, Nanocrystalcell, Axcelon Biopolymers Corporation, Tracxn Technologies, Nanocellulose Pty Ltd. and Daicel Corporation.

Table of Contents

1. Introduction1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology2.1. Research Data
2.2. Assumptions

3. Executive Summary3.1. Research Highlights

4. Market Dynamics4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Nano Cellulose Market Analysis, By Type5.1. Introduction
5.2. Nano fibrillated Cellulose
5.3. Bacterial Nanocellulose
5.4. Nanocrystalline Cellulose

6. Global Nano Cellulose Market Analysis, By Application6.1. Introduction
6.2. Telematics
6.3. Composites & Packaging
6.4. Rheology Modifier
6.5. Electronic & Sensors
6.6. Paper & Paper Board

7. Global Nano Cellulose Market Analysis, By Geography 7.1.  Introduction
7.2.  North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. UK
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Others
7.6. Asia Pacific
7.6.1. Japan
7.6.2. China
7.6.3. India
7.6.4. Thailand
7.6.5. Taiwan
7.6.6. Indonesia
7.6.7. Others

8.  Competitive Environment and Analysis8.1. Major Players and Strategy Analysis
8.2.  Emerging Players and Market Lucrativeness
8.3.  Mergers, Acquisitions, Agreements, and Collaborations
8.4.  Vendor Competitiveness Matrix

9. Company Profiles9.1. Kruger Inc.
9.2. Innventia
9.3. Cellulose Lab
9.4. Sappi
9.5. CelluForce
9.6. Nanocrystalcell
9.7. Axcelon Biopolymers Corporation
9.8. Tracxn Technologies
9.9. Nanocellulose Pty Ltd.
9.10.  Daicel Corporation

Companies Mentioned

  • Kruger Inc.
  • Innventia
  • Cellulose Lab
  • Sappi
  • CelluForce
  • Nanocrystalcell
  • Axcelon Biopolymers Corporation
  • Tracxn Technologies
  • Nanocellulose Pty Ltd.
  • Daicel Corporation

Methodology

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