Global Nanocellulose Market to register $530.0 Mn by 2021

Nanocellulose MarketNanocellulose Market

Zion Market Research has published a new report titled “Nanocellulose (Nanocrystalline Cellulose, Nano-fibrillated Cellulose, and Bacterial Nanocellulose) Market for Composites, Oil & Gas, Paper Processing, Paints & Coatings, and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021”. According to the report, global demand for a nano-cellulose market was valued at USD 65.0 million in 2015 and is expected to reach USD 530.0 million in 2021, growing at a CAGR of around 30.0% between 2016 and 2021. In terms of volume, the global nano-cellulose market stood at 13,870.0tons in 2015.

Nanocellulose is a versatile material that is mainly derived from trees cellulose or pulp. Nanofibrils are derived from celluloses that are of variant shape such as ribbon-like, thread-shaped or short rod-shaped. It exhibits outstanding tensile strength and compatibility as well as it highly biodegradable in nature. Thus, it has the vast array of impending commercial applications such as composites and foams for automotive, aerospace, building construction.As well as viscous modifiers for cosmetics & oil drilling fluids, paper, packaging, paints, plastics, and cement.

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The major driving factor for a nano-cellulose market is extensive government funding coupled with the large investment by many private players. Excellent structural strength and ability to condense the reimbursement caused due to humidity and wear and tear are expected to fuel the growth of the nano-cellulose market. However, a high cost of production involving the technical and economical issues is expected to limit the growth of this industry.

Nano-fibrillated dominated the global nano-cellulose market and accounted for over 45% share of the entire market in 2015. Nanocrystalline cellulose stood as a second largest segment. It is frequently used for packaging applications. However, bacterial cellulose exhibits the lowest share but it is projected to be the fastest-growing product segment during the forecast period. This is attributed to the potential it poses to fit for the fields like biomedical, filter membranes, biotech devices, and food.

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Composites applications segment was the largest segment of the global nano-cellulose industry and accounted for more than 30% share of the entire market in 2015. It is expected to remain to prolong application over the forecast period owing to the tendency of having tensile strength and biocompatibility. Paper processing is the second largest application segment for the global nano-cellulose market. Moreover, oil & gas applications segment is also expected to exhibit rapid growth during the forecast period due to it is used in form of rheological modifier and emulsion stabilizer.

North America was dominating a regional market for nano-cellulose industry owing to strong demand from U.S. It accounts for over 30% share of the overall market volume consumption in 2015 and further expected to remain the major regional market for nano-cellulose during the next five years. North America was followed by Europe with a second largest market share in the global nano-cellulose market in 2015. Asia-Pacific is expected to grow at a moderate pace within the forecast period.

The key players for the nano-cellulose market include Innventia AB, Sappi Ltd, Borregard ASA, CelluForce Inc, Fpinnovations, American Process Inc., Kruger Inc., Diesel Finechem Ltd., Nippon Paper Group Inc., Melodea Ltd., J. Rettenmaire & Sohne GmBH (JRS) and UPM-Kymmene OYJ.

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About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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