Global Nanocellulose Market Overview:
Nanocellulose is derived from wood pulp or plant cellulose. It can be obtained through chemical or mechanical treatment to cellulose, a biopolymer material abundantly available worldwide. It exhibit excellent thermal, rheological, mechanical, and structural properties such as biodegradability, low density, superior strength, and high water binding capability. With the aforementioned properties, it is widely used in various applications such as oil & gas, personal care, paints & coatings, paper & board, composites & packaging, and others.
Some of the prominent factors that positively influence the growth of nanocellulose market are rising crude oil production, growing demand for composite, and increasing urbanization. Moreover, rapid industrialization along with rising per capita disposable income in developed and emerging economies are expected to drive the growth of the market over the assessment period 2017-2023. Furthermore, continuous expansion of automotive sector along with shifting manufacturers focus towards cost-effective vehicles are predicted to fuel the growth of the market during the assessment period 2017-2023. Rising application scope of cellulosic based products in paper & pulp production along with increasing environmental concerns is estimated to drive the global nanocellulose market over the assessment period.
Nanocellulose Market Manufacturers:
- DAICEL FINECHEM LTD
- NIPPON PAPER INDUSTRIES CO
- Borregaard
- CelluForce
- Kruger Inc
- STORA ENSO
- AmericanProcess Inc
- UPM
- J. RETTENMAIER
Get Sample Report Copy @ https://www.marketresearchfuture.com/sample_request/4554
Nanocellulose Market Segmentation:
Bacterial cellulose is predicted to grow at the highest CAGR during the forecast period as it provide immense potential in the fields of drug delivery system and biomedical implants. On the basis of application, the market is segmented into composites & packaging, paper & board, paints & coatings, oil & gas, personal care, and others. Composites & packaging is the largest application segment and accounted for around 40% of the market share. Nanocellulose based composites are used in automotive sector due to its high tensile strength and excellent thermal durability. Moreover, they are used as rheological modifier in paints & coatings, food & beverages, and oil & gas sector.
The global nanocellulose market is segmented into types, application, and regions. On the basis of type, the market is segmented into nanofibrillar cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose (BCC). Among these, nanofibrillar cellulose accounted for the largest market share in 2016 and expected to retain its dominance over the forecast period due to wide utilization in numerous end use application such as paints & coatings, oil & gas, and composites & packaging. Moreover, it can be widely utilized in textiles, packaging films, and personal care products.
Nanocellulose Market Regional Analysis:
Geographically, the Nanocellulose Market is segmented into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific region is estimated to grow at the highest CAGR over the assessment period owing to the expansion of composites & packaging as well as automotive sector. The demand for Nanocellulose is predicted to surge in various countries of Asia Pacific such as China, India, Vietnam, Thailand, Malaysia, Bangladesh, South Korea, and Japan on account of increasing middle class population combined with the continuous growth of new purchase light weight automobile vehicle. Furthermore, rising number of light weight and heavy duty vehicles on road have significantly contributed to the Nanocellulose Market. Moreover, with the technological advancement and its high adoption rate are expected to propel the growth of the market during the assessment period 2017-2023. Some other factors attributed to the market growth in Asia Pacific are availability of inexpensive labor & raw material, cheap set up manufacturing cost, and moderately stringent regulatory framework.
Germany and the UK have emerged as the prominent consumer market on account of increasing automotive production and sales coupled with increasing demand for lightweight passenger cars. Latin American countries such as Argentina, Colombia, and Brazil are also estimated to witness moderate growth due to rising consumer spending on cosmetics and personal care products. The Middle East & Africa is predicted to witness a significant growth during the review period due to tremendous growth of oil & gas industry.
North America has emerged as the largest market for Nanocellulose followed by Europe and Asia Pacific. North America is predicted to witness a moderate growth on account of high consumption potential, rising production capacities, and increasing economic growth rate. In North American region, countries such as the U.S. and Canada are among the major contributors to the regional growth of Nanocellulose Market and are predicted to see a significant demand during the review period 2017-2023. The U.S accounts for the largest market share and is followed by Canada in terms of value & volume, and is projected to grow at a healthy CAGR due to growing composites & packaging sector. In Europe, the demand for Nanocellulose is estimated to grow in various countries such as Poland, Italy, Germany, Spain, the UK, France, and Russia due to rising expenditure in innovation and increasing purchasing power of consumers
Get Full Report Details @ https://www.marketresearchfuture.com/reports/nanocellulose-market-4554
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com