Global Nanocellulose Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Nano Fibrillated Cellulose, Bacterial Nanocellulose, Nanocrystalline Cellulose), By Application (Telematics, Composites & Packaging, Rheology Modifier, Electronic & Sensors, Paper & Paper Board), And By Geography - Forecasts From 2022 To 2027

Published:  Mar 2022 Report Code: KSI061611401 Pages: 124

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 nano cellulose 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 nano cellulose 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 nano cellulose does, but at a fraction of the cost. Furthermore, unrestricted wood cutting to fulfill 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.

Global Nano Cellulose Market Scope:

Report Metric Details
 Market size value in 2020  US$304.617 million
 Market size value in 2027  US$1,429.903 million
 Growth Rate  CAGR of 24.72% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Kruger Inc., Innventia, Cellulose Lab, Sappi, CelluForce, Nanocrystalcell, Axcelon Biopolymers Corporation, Tracxn Technologies, Nanocellulose Pty Ltd., Daicel Corporation
 Customization scope  Free report customization with purchase

 

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 (FAQs)

Q1. What will be the nano cellulose market size by 2027?
A1. The global nano cellulose market is expected to reach a total market size of US$1,429.903 million in 2027.


Q2. What are the growth prospects for the nano cellulose market?
A2. The nano cellulose market is expected to grow at a CAGR of 24.72% over the forecast period.


Q3. What is the size of the global nano cellulose market?
A3. Nano Cellulose Market was valued at US$304.617 million in 2020.


Q4. What factors are anticipated to drive nano cellulose market growth?
A4. The growing consumer demand for eco-friendly products in the personal care and food and beverage sector is driving the nano cellulose market demand.


Q5. Which region holds the largest market share in the nano cellulose market?
A5. North America is anticipated to lead the nano cellulose market owing to rising demand from the aerospace and pharmaceutical industries.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. 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 Type
5.1. Introduction
5.2. Nano fibrillated Cellulose
5.3. Bacterial Nanocellulose
5.4. Nanocrystalline Cellulose

6. Global Nano Cellulose Market Analysis, By Application
6.1. 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 Analysis
8.1. 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 Profiles
9.1. 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

Kruger Inc.

Innventia

Cellulose Lab

Sappi

CelluForce

Nanocrystalcell

Axcelon Biopolymers Corporation

Tracxn Technologies

Nanocellulose Pty Ltd.

Daicel Corporation

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us