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    Nanocellulose Market Size Forecast to Reach $855.4 Million by 2026
    (I-BusinessNews.Com, September 14, 2021 ) Nanocellulose Market size is forecast to reach $855.4 million by 2026, after growing at a CAGR of 18.5% during 2021-2065. Nanocellulose is a lightweight substance obtained from plant matter, which comprises nano-sized cellulose fibrils. Cost efficiency and availability of raw material, such as cellulose, further improve the product supply scenario, which is likely to drive the growth of the Nanocellulose market size.



    The growing demand for atomic force microscopy, magic angle spinning, nuclear magnetic resonance, transmission electron microscopy from the food science, healthcare, aerospace, marine, and oil and gas sector also propels the Nanocellulose market share globally. Whereas increasing demand for medical applications such as bio-polymers, bio-barriers, sanitary napkins, wound dressing, and tampons are expected to drive market growth over the forecast period. Besides, the high production cost of the synthetic polymers along with fluctuating petroleum prices further driving the market's growth.



    Covid-19 Impact



    The COVID-19 continues to unfold every day with a negative impact on communities, and businesses. The growth in several industries will be affected significantly while numerous other markets may remain unharmed and show promising growth opportunities. The covid-19 pandemic has severely impacted nanocellulose market due to the decrease in demand for end-use products and discontinued or reduced production thus hampering the nanocellulose market. A similar trend can be witnessed in major end-use industries such as paints & coatings, textiles, and composites.



    Nanocellulose Market Segment Analysis - By Type



    Nano Fibrillated Cellulose (NFC) or Micro Fibrillated Cellulose (MFC) or Cellulose Nanofibrils (CNF) held the largest share of more than 30% in the Nanocellulose market in 2019. The nano-scale dimensions and the ability to form a strong entangled nano-porous network of CNF makes it suitable to use across various applications. CNF consists of expanded high-volume cellulose, which is moderately degraded and greatly expanded in surface area. Unlike CNC, CNF displays both amorphous and crystalline parts and presents a web-like structure.



    In addition, CNF is more flexible, longer, and has a larger surface area than other fibers, and can be used in various applications like atomic force microscopy, nuclear magnetic resonance, and transmission electron microscopy. Hence, it is highly used across various applications like biodegradable food packaging, food additives, pigment, selective delivery or separation, and medical & pharmaceutical applications.



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    Nanocellulose Market Segment Analysis - By Material



    Wood Pulp segment held the largest share of more than 35% in the market in 2019. Wood Pulp is mostly used to produce Nanocellulose, by removing non-cellulose impurities such as lignin using a Gaulin milk type homogenizer. The homogenizers are used in the production process, which helps delaminate the cell walls of the fibers and separate the nano-sized fibrils, which is highly effective in food preservation, extend its shelf life and improves food processing outcomes.



    CNF produced from wood pulp are light & strong, have a lower thermal expansion, have ultra-fine fibers. The growing uses of CNF based products across manufacturing lightweight cars, cosmetics & personal care, and the food industry, further drive the growth of the market. Whereas, Nanocellulose derived from wood pulp or plant fibers, has a low environmental impact from production to disposal, which also boosts the market's growth.



    Nanocellulose Market Segment Analysis - By Application



    Composite segment held the largest share of more than 25% in the Nanocellulose market in 2019. The Nanocellulose can be used as a filler in composite material. Nanocellulose reinforced composite materials reduces the weight and maintain the performance of final products. The Nanocellulose/nanocarbon composites properties offer many advantages such as tunable optical transparency, photodynamic & photothermal activity, nanoporous character, high adsorption capacity, high mechanical strength, flexibility, stretchability, and tunable thermal & electrical conductivity.



    These properties make them suitable to use in a wide range of industrial applications such as energy generation, storage and conversion, water purification, food packaging, construction of fire retardants, and shape memory devices. In addition, surging uses of atomic force microscopy, nuclear magnetic resonance, transmission electron microscopy in medical applications such as radical scavenging, photodynamic and photothermal therapy of tumors, and microbial infections also contribute to the market growth.



    Nanocellulose Market Segment Analysis - By End-Use Industry



    Paper and Pulp segment held the largest share of more than 25% in the global Nanocellulose market in 2019. Nanocellulose is used as additives in producing lighter and stronger paper and cardboard owing to its low cost of production, abundant availability, and eco-friendly nature. The paper produced through nanocellulose has less porosity and higher printing quality. According to the report published by the Confederation of European Paper Industries (CEPI) in 2019, the total production of paper was around 92.2 million tonnes in Europe for the year 2018.



    Whereas, North America dominates the global paper & pulp market, and India & China expected to be the major player over the next few years. India’s share in global demand is growing, as domestic demand is increasing. According to a report published by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in 2018, the paper & pulp industry is expected to be 25 million tonnes by 2020. Thus, the growing manufacturing sector, the requirement of carboard for better packaging, and the demand for of paper products are expected to drive the market's growth during the forecast period.



    Nanocellulose Market Segment Analysis - By Geography



    North America region is projected to witness a significant growth of 18% in the global Nanocellulose market during the forecast period. In North America, the United States is the largest market for nanocellulose. Rising demand from aerospace and pharmaceuticals is boosting the market demand across the country. For instance, According to Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 in 2037 from 7,356 in 2018, owing to the growth in air cargo.



    Besides, the cosmetics industry in Canada is one of the major factors driving the consumption of nanocellulose. The increasing demand for creams and hair colors is expected to boost the demand for nanocellulose in the country. Consumers are shifting to premium skincare products for high-quality natural ingredients. The cosmetic industry is growing at a positive rate, thus boosting the demand for nanocellulose market.



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    Nanocellulose Market Drivers



    Surging Demand for Eco-Friendly Materials



    Nano-fibrillated cellulose has the potential for the replacement of plastic films in composite packaging owing to the low oxygen permeability of the product. Composites are also used in atomic force microscopy, magic angle spinning, nuclear magnetic resonance, and transmission electron microscopy. Consumers are increasingly concerned about the application of synthetic fillers in composites material due to environmental concerns associated with that application. So, replacing synthetic pads with natural ones will have a positive impact on the environment. As the product offers good thermal conductivity, low density, and is biodegradable.



    The increase in consumer demand for eco-friendly products in the personal care and food & beverage products is driving the demand for Nanocellulose market. According to a report published by the Government of India in 2017, the consumption of the food and beverage segment in India expected to increase from US$ 369 billion to US$1.142 trillion by 2025, which is likely to boost the growth of the Nanocellulose market during the forecast period.



    Use of Nanocellulose as a Natural Fillers in the Automotive Industry



    Natural fillers such as cellulose nanocrystals and nano fibrillated cellulose are used as reinforcing fillers in polymer composites for the automotive industry. Composites reinforced with natural fillers are used for high strength and stiffness and also for biodegradability. Automotive industry has a great potential for reducing the huge amount of non-biodegradable waste in landfills and contributing to a more sustainable society.



    In addition, the lightweight cars, trucks, and buses further improve the vehicles' fuel efficiency. These fillers are especially used in the internal parts of the car such as door panels, trim parts in dashboards, and parcel shelves. Thus, the growing demand for lightweight cars for better fuel efficiency and electric vehicles are driving the market growth. According to the report published by International Energy Agency (IEA) in 2020, the global sales of EV was 3.27 million units in 2018 and increased to 4.79 million units in 2019, which will boost the market's growth in the forecasted period.



    Nanocellulose Market Challenges



    Lack of Technical Expertise



    Lack of technical expertise acts as a challenging factor to the growth of this market. As high-end machinery and tools are required for the manufacturing of nanocellulose of a particular application that is likely in demand for technical expertise. The production of nanocellulose has not yet commercialized and also there is a lack of expertise. Furthermore, along with technical expertise, a high initial investment is required for the production of Nanocellulose, which further acts as a restraining factor to the market growth. Currently, demonstration plants have been built in order to improve, optimize, and scale up the processes that are developed at a laboratory scale. This factor will likely hinder the Nanocellulose industry growth.



    Nanocellulose Market Landscape



    Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Nanocellulose Market report. Major players in the Nanocellulose Market are American Process, Kruger, Daicel Corp., Melodea Ltd., J. Rettenmaire & Sohne, Asahi Kasei Corp., CelluComp Ltd, Sappi Ltd., Borregaard ASA, FPInnovations, Oji Holdings Corp., Stora Enso, Nippon Paper Group, CelluForce, Innventia AB, and Holmen AB, among others.



    Acquisitions/Technology Launches



    In April 2020, Nippon Paper Industries and its wholly-owned subsidiary, Paper Australia Pty Ltd, announced the completion of the purchase of Orora Limited's paperboard and fiber-based packaging business in Australia/New Zealand. With this acquisition, Nippon Paper Industries expand its packaging business access across the Asia and Oceanic region.



    In November 2019, Sappi Limited, a leading global producer of dissolving pulp, specialties and packaging papers, graphic papers and biomaterials announced the acquisition of the Matane high yield hardwood pulp mill in Quebec Canada from Rayonier Advanced Materials (RYAM) have been fulfilled and closing has been completed. With this acquisition, the Sappi Ltd., has increased packaging businesses footprints in both North America and the European region.



    Key Take Away



    Asia-Pacific is expected to surge the market during the forecast period due to the growing middle-class population propelled with an increase in the lightweight the automobile market which is boosting the market growth. China, India, Bangladesh, and Vietnam are contributing the major share.



    High economies of scale in nanocellulose production and growing demand for transmission electron microscopy from paper, food, cosmetic and pharmaceutical industries are expected to drive the market demand in the near future.



    COVID-19 has impacted the growth of the market owing to the decrease in demand for end-use products. The shutdown of day-to-day operational activities has limited the market opportunities.



    Related Reports:



    A. Nanocrystalline Cellulose Market

    https://www.industryarc.com/Report/16068/nanocrystalline-cellulose-market.html



    B. Nanomaterials Market

    https://www.industryarc.com/Research/Nanomaterials-Market-Research-501551



    For more Chemicals and Materials Market reports, please click here



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    Venkat Reddy

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    venkat@industryarc.com

    Source: EmailWire.Com

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