The nano cellulose market size was valued at $304.617 million in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 24.72% over the predictive period to reach $1,429.903 million by 2027. Nanocellulose is a substance with an aspect of 100nm fewer, a pretty high specific area, pore volume with excellent pore inter-connectivity, is lightweight, and has a high biodegradability. The outstanding characteristics of nanocellulose and the increasing adoption of flexible packaging aids are expected to propel the nanocellulose market forward.
Types of Nanocellulose
CNC:- CNCs, known as cellulose nanocrystals, are bio-based nanocrystals made from the acid hydrolysis process, the most prevalent natural polymer. These nanomaterials have piqued the homogeneous rod-like structure, large surface area, good strength, liquid crystalline behaviour, customized surface chemistry, biocompatibility, biodegradability, sustainability, and non-toxic carbohydrate-based origin curiosity.
CNF:- nanofibrillar cellulose (NFC), also known as cellulose nanofibrils (CNF), is a sophisticated biomaterial made mostly from renewable agricultural and forest materials that have shown amazing performance in composites. They've also been used in barrier coatings, food, translucent flexible films, and various other purposes.
BNC:- Bacterial nanocellulose (BNC) is a homopolymer of β-1,4 linked glycose produced on a micro and macro level by Acetobacter utilizing simple culturing procedures. Ultra-pure cellulose with various physio-chemical properties can be achieved depending on the growth environment and fermentation processes used. After production, bacterial cellulose is organized into a nanostructured network of semitransparent glucan polymers, which have mechanical stability but are soft and elastic and have a large capacity to store water and exchange gases.
Uses of Nanocellulose
In the expanding commercialization of nanotechnologies, nanocellulose is extremely important. As a result, researchers and industry professionals are examining and testing new manufacturing procedures and applications for NC. Exceptional body armour, super-flexible displays, futuristic filters, bending batteries, ultra-absorbent aerogels, fuel-efficient cars, and biofuel are among the seven great uses of nano cellulose. Nanocellulose serves numerous uses as a food packaging material in the developing food and beverage industry, including Preventing the rotting of food, preventing the passage of oxygen into the food, Polystyrene-based foams are being phased out, Food preservation and Improving food quality because they can transport active ingredients like antioxidants and antimicrobials.
To control bacterial surface contamination of food products, a new packaging technology called 'active packaging' inserts nanoparticles into polymer sheets. Due to rising customer demand for minimally processed, preservative-free foods, the food industry is paying close attention to the availability of this breakthrough technology. Furthermore, the use of nanoparticles in food packaging reduces food waste by preserving the freshness of packaged foods.
Paper And Paperboard
Because of the higher surface area of Nanocellulose, it functions as a filler and a hardening agent in the paper and paperboard manufacturing business, generating denser and harder paper. It also gives printing papers flat surfaces, which improves the quality of the output. Transparent Nanocellulose paper has drawn a lot of interest in electronics because of its optical, cost-effective, lightweight, recyclable, and biodegradable qualities.
Electronics And Sensor
Because of its intrinsic qualities and recyclability, nanocellulose has emerged as one of the most promising sustainable resources. Nanocellulose is mixed with conducting polymers, carbon materials, metal nanoparticles and oxides, and other types of the nanocomposite, including films, sheets, and aerogels. The underlying process allows nanocellulose composites to be used in electronics device fabrication. This provides functions and printed electronics, power storage and converting devices, and dielectric and microwave absorbing systems. Nanocellulose's ability to offer mechanical support for autonomously flexible and thermally stable electronic devices has been extensively studied. . Nanocellulose has a wide range of uses, including composite reinforcement and rheological enhancers. Nanocellulose has recently been found to offer a lot of potential in flexible printed electronics. Nanocellulose's ability to make self-standing high thermal stability films has been used to create translucent and smooth printed electronics substrates. Inks, diverse processing processes, and the manufacture of flexible electrical devices are all part of the printed electronics sector and substrates. This paper attempts to overview nanocellulose's application and promise in printed electronics.
North America is expected to dominate the market over the forecasted period. The massive projected size is largely attributed to technological advancements in this region.
Enhanced infrastructure investments and commercial construction renovations in North America is anticipated to drive the regional nanocellulose product demand for composite applications. This is primarily due to massive government spending on infrastructure upgrades. Rising industries in the region, such as food and beverage, oil and gas, paints and coatings, and so on, will supplement nanocellulose business growth by 2027. According to the IEA, by 2024, the United States is expected to account for an 85% rise in the global oil export, exporting more oil than Russia and will account for 85 per cent of the rise in global oil production. There is a massive market for nanocellulose in the United States for manufacturing high-strength concretes and building composite materials. Furthermore, as people's health concerns grow in the United States, there is a huge demand for CNF and MFC to develop functional food products.
Soaring pharmaceutical and aerospace demand is bolstering market demand. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is projected to increase to 9,421 in 2040 from 7,628 in 2019 due to increased air cargo. Furthermore, as the existing fleet ages, the US mainliner carrier fleet will grow significantly to 44 aircraft.
COVID-19 harmed the market. Manufacturing operations were paused due to supply chain disruptions and workforce shortages or as a precautionary measure to prevent the virus from spreading, badly impacting the market. The End-user market was impacted, which altogether led to the decline in the nanocellulose market growth during the forecasted period. According to OEC, Printed Circuit Boards had a total trade value of US$42.3 billion in 2020, which was US$42.5 billion in 2019. Printed Circuit Board shipments fell by -0.53 per cent from $42.5 billion to $42.3 billion during 2019 and 2020. Printed circuit board trade accounts for 0.25 per cent of global trade. The Electronic and Electrical being one of the end-user industries is impacted due to the Covid-19 restriction and shutdown affected the manufacturing and supply chain of the industries hence impacting the market growth for the nanocellulose market.