Market Introduction:
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 Segmentation:
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. 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.
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Nanocellulose Industry Competitive analysis:
DAICEL FINECHEM LTD (JAPAN), NIPPON PAPER INDUSTRIES CO., LTD. (Japan), Borregaard (Norway), CelluForce (U.S.), Sappi Ltd. (South Africa), Kruger Inc. (Canada), STORA ENSO (Finland), AmericanProcess Inc. (U.S.), UPM (Finland), J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany), and others
Nanocellulose Market Regional Outlook:
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.
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.
Intended Audience:
Nanocellulose Manufacturers
Traders and Distributors of Nanocellulose
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
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
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LIST OF FIGURES:
FIGURE 1 Global Nanocellulose Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Nanocellulose Market
FIGURE 4 Value Chain Of Global Nanocellulose Market
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