Global Nano cellulose Market worth US$1,429.903 million by 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Global Nano cellulose Market – which is forecasted from 2020 to 2027”.
The Nano cellulose market is expected to develop owing to its superior features and the increasing adoption of flexible packaging aids. These nanoparticles are light, strong, and electrically conductive, making them ideal for composite applications. Furthermore, increasing global vehicle and aircraft production and sales, as well as rising construction and renovation activities in developed nations, will drive overall nanocellulose market revenue over the forecast period.
As per the report, Global Nano cellulose Market is expected to grow at a CAGR of 24.72% to reach US$1,429.903 million by 2027, from US$304.617 million in 2020.
Usually, Nano cellulose is a light solid substance made up of nano-sized cellulose fibers derived from plant matter. The material is separated from the wood using mechanical techniques involving high shear forces. High-pressure homogenizers, ultrasonic homogenizers, grinders, and microfluidizers, for example, are used to make it. The strength of a nanocomposite containing a nanocellulose component is sufficient to stop a bullet, making it appropriate for the manufacture of bullet-proof items. It's also a great additive to cement because of its low density, high aspect ratio, and toughness.
However, the synthesis of these nanomaterials necessitates a great deal of technological know-how and machinery, which raises the cost of production. Furthermore, numerous alternative materials can perform the same function as these materials at a far lesser cost. Additionally, unrestricted wood harvesting to meet rising demand may hasten global forest loss. As a result, regulated monoculture is required to provide a steady supply, raising the overall manufacturing cost. As a result, the market's growth potential is limited by its high production costs.
By type, the market is segmented into Nano fibrillated Cellulose, Bacterial Nanocellulose, and Nanocrystalline Cellulose amongst which Nano fibrillated Cellulose dominates the market. Plastic composites containing CNF have recently been developed, resulting in increased tensile strength and flexural modulus. Additionally, the improved CNF is exceedingly robust and can be used to make plastic resins for automotive purposes. Because of these factors, the CNF category is rapidly growing market share in the global market, based on type.
By application, the nanocellulose market is fragmented into Telematics, Composites & Packaging, Rheology Modifier, Electronic & Sensors, and Paper & Paper Board. The composites industry accounted for the greatest market share. This is owing to the increased government support and investment in the development of packaging materials & biodegradable plastics, which has resulted in greater demand for such products. Nanocellulose has recently seen a rise in demand from composites applications due to its superior polymer reinforcing qualities. In polymeric nanocomposites, nanocellulose is used as a component. Because they are made up of tiny plant fibers, cellulose-based nanocomposites are renewable and have excellent mechanical qualities.
Based on geography segmentation, North America dominates the market and this dominance is likely to continue throughout the forecast period. The vast magnitude predicted is largely due to technical advancements in the region. In North America, increased infrastructure projects and commercial building renovations will boost regional nano cellulose market growth. By 2027, the region's growing industries, including food and beverage, oil and gas, paints and coatings, and others, will complement nano cellulose business growth.
As a part of the report, the major players operating in the Global Nanocellulose market, that have been covered are CelluForce, GranBio, Melodea Ltd, Oji Holdings Corporation, Kruger Inc., and Borregaard among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-nano-cellulose-market
This analytics report segments the Global Nanocellulose market on the following basis:
- By Type
- Nano fibrillated Cellulose
- Bacterial Nanocellulose
- Nanocrystalline Cellulose
- By Application
- Composites & Packaging
- Rheology Modifier
- Electronic & Sensors
- Paper & Paper Board
- By Geography
- North America
- South America
- United Kingdom
- The Middle East and Africa
- Saudi Arabia
- South Africa
- Asia Pacific
- North America
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