Ready Yourself for Challenges in the Time of COVID-19. Here’s What Stakeholders Need to Know About the Evolving Global Nanocellulose Market
The global market for Nanocelluloseis projected to reach US$849.4 million by 2025, driven by its high environmental performance index and wide ranging applications as a multi-purpose biomaterial.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Nanocellulose market. Report segmentation includes Product Segment (MFC & NFC, Nanocrystalline Cellulose, Other Product Segments); Application (Composites & Packaging, Paper & Pulp, Paints & Coatings, Oil & Gas, Personal Care, Other Applications) ).
7 June 5:24 A.M., California/Marketwire/ - According to the new market research report, the global market for Nanocelluloseis projected to reach US$849.4 million by 2025, driven by its high environmental performance index and wide ranging applications as a multi-purpose biomaterial. Derived from natural plant fibers, nanocellulose is commercially processable and is renewable. It combines the properties of cellulose and nanoscale materials and is the building block for developing several types of materials. Among the many uses include nanocellulose as a replacement for Styrofoam for insulation; its addition to high-fat food can reduce fat digestion and absorption; and its use to reinforce polymers, paper and membranes. Nanocellulose is also an important nanofiller vital in the development of bionanocomposites.
Environmental concerns and stringent regulations on emissions have always weighed down upon all industries, particularly manufacturing. Additionally, global warming, growing environmental awareness, energy resource depletion, increasing oil prices, and stringent governmental policies, drive to reduce carbon footprint and landfill use. Growing consumer awareness and demand for green products are driving a shift towards environmentally friendly technologies. Against a backdrop where every industry is buckling under the pressure of environmental regulations and conformance to adopt ecologically safe practices, the green benefits offered by eco-friendly materials, such as nanocellulose, are poised to gain attention. Incorporating nanocellulose into products not only increases the green quotient, but also allows recyclability by lowering the impact of disposing the product. Since nanocellulose is recyclable, compostable, offers carbon sequestration, and do not pose any health or environmental hazard, the material has the ability to comply with the required green quotient for industries to demonstrate eco-friendly and socially responsible practices. Nanotechnology is regarded vital to promoting nanocellulose applications as it offers various techniques such as catalysis, thermo-conversion and bio-conversion tree cell-wall structures to obtain nanocellulose. The expanding market for nanocoatings is expected to emerge into a lucrative niche for nanocellulose. Global nanocoatings market over the next few years will be driven by soaring demand in automotive, electronics and medical devices. Nanomaterials such as nanocellulose used in coatings and films are specifically nanoengineered to offer superior benefits, such as, photocatalytic features, UV-reflectance, abrasion resistance, and intumescent properties, among others. Nanocellulose-based biodegradable plant biomaterial can be used as nanocoating in medical, bioengineering, biomedical, and cosmetics products.
Key Competitors Covered in the Report
Axcelon Biopolymers Corporation
Daicel FineChem Ltd.
FiberLeanÂ Technologies Ltd.
GranBio Investimentos S.A.
Nippon Paper Industries Co., Ltd.
Oji Holdings Corporation
RISE Research Institutes of Sweden AB
Stora Enso Oyj
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 463. Among this pool, 93 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 19 unique participations, a total of 9 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
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Global Industry Analysts, Inc.