The global nanocellulose market is mainly driven by the growing demand for environmentally viable components in a number of industries such as paints and coatings, packaging, and cosmetics. The increasing demand for materials research to develop consumer products that feel good to the touch is likely to be a major driver for the global nanocellulose market over the forecast period from 2017 to 2023. The growing demand for sustainable manufacturing practices in the paints and coatings industry, traditionally a major consumer of environmentally unsustainable products, is a key driver for the global nanocellulose market.
Nanocellulose is a cellulosic material derived from wood mass or certain other types of biomass sources. The nanocellulose market is mainly driven by the growing demand for haptic optimization in products such as personal care, food, and pharmaceuticals. The use of nanocellulose in these applications improves the texture of the product, making it more comfortable and suitable for consumers. The increasing prevalence of a consumer-centric approach in the personal care and other FMCG industries is likely to drive the demand from the nanocellulose market over the forecast period from 2017 to 2023.
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Nanocellulose is also being used to produce biodegradable plastic composites along with plastics such as polylactic acid, poly butylene succinate, and poly butylene adipate terephthalate. The increasing demand for biodegradable packaging materials such as bags as well as implements such as straws and trays is likely to drive the demand for nanocellulose over the forecast period.
Leading players in the global nanocellulose market include J. Rettenmaier & Sohne GmbH + Co KG, UPM, AmericanProcess Inc., Stora Enso, Kruger Inc., Sappi Ltd., CelluForce, Borregaard, Nippon Paper Industries Co. Ltd., and Daicel Finechem Ltd.
In September 2018, Green Science Alliance Co. Ltd. announced the development of a new process for manufacturing biodegradable plastics by combining nanocellulose with a number of other thermoplastic plastics. The company has also developed a process for mixing nanocellulose with biodegradable plastics such as PLA, making this find crucial for the company.
The global nanocellulose market is categorized on the basis of type, application, and region.
On the basis of type, the market is segmented into nanofibrillar cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose (BCC).
On the basis of application, the market is classified into composites & packaging, paper & board, paints & coatings, oil & gas, personal care, and others. The composites and packaging segment holds the largest share in the global nanocellulose market and is likely to account for more than 40% of the market over the forecast period. This is due to the increasing demand for biodegradable plastics and packaging materials, resulting in increasing private investment as well as government support for the development of such materials.
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North America is the leading regional market for nanocellulose and is likely to remain in the position over the forecast period due to the increasing industrial consumption of nanocellulose in the region. The increasing government support for the development of biodegradable plastics is likely to be a key driver for the nanocellulose market in the U.S. and Canada. The increasing consumer awareness about biodegradable plastics has also raised the potential for the nanocellulose market in North America, as consumers in the region may actively seek out or prefer stores that provide biodegradable packaging. The strong presence of the paints and coatings industry, automotive industry, and aerospace industry in the region is also likely to be a major driver for the nanocellulose market due to the high consumption of nanocellulose in the paints and coatings industry.
Europe follows North America in the global nanocellulose market. The market is mainly driven by the growing demand for eco-friendly paints and coatings from the automotive industry, which has a strong presence in the heartlands of Central and Western Europe. Growing government support for the use of environmentally viable materials in the industrial sector is likely to drive the nanocellulose market in the region over the forecast period.
Asia Pacific is likely to exhibit the fastest growth of any regional market over the forecast period. The demand for nanocellulose in Asia Pacific is mainly driven by the growing paints and coatings industry in India, the Philippines, Malaysia, and China. The increasing demand for automotive paints and coatings in the developing economies of Asia Pacific is likely to be a major driver for the nanocellulose market in the region over the forecast period.
- Nanocellulose Manufacturers
- Traders and Distributors of Nanocellulose
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
LIST OF TABLES:
Table 1 World Population By Major Regions (2016 To 2023)
Table 2 Global Nanocellulose Market: By Region, 2016-2023
Table 3 North America Nanocellulose Market: By Country, 2016-2023
Table 4 Europe Nanocellulose Market: By Country, 2016-2023
Table 5 Asia-Pacific Nanocellulose Market: By Country, 2016-2023
Table 6 Middle East & Africa Nanocellulose Market: By Country, 2016-2023
Table 7 Latin America Nanocellulose Market: By Country, 2016-2023
Table 8 Global Nanocellulose By Type Market: By Regions, 2016-2023
Table 9 North America Nanocellulose By Type Market: By Country, 2016-2023
Table 10 Europe Nanocellulose By Type Market: By Country, 2016-2023
Continued. . .
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