Nanocellulose Market: high demand for various industrial use expected in Europe
IndustryARC Research has published a new report titled “Nanocellulose Market: By Type (Cellulose Nano crystals, Cellulose Nano fibrils, Bacterial Cellulose); By Applications (Paperboard and Plastics, Food Packaging, Pharmaceutical, Biomedical, Paints, Coatings, Water-treatment, others)-Forecast (2015 – 2020)”. According to the report, global demand for Nanocellulose 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 Nanocellulose market stood at 13,870.0 tons in 2015.
Nanocellulose is a versatile material that is mainly derived from trees cellulose or pulp. Nano fibrils 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 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.
The major driving factor for Nanocellulose market is extensive government funding coupled with large investment by many private players. Excellent structural strength and ability to condense the reimbursement caused due to humidity and wear and tearis expected to fuel the growth of Nanocellulose market. However, high cost of production involving the technical and economic issues is expected to limit the growth of this industry.
This report segments the global Nanocellulose market as follows:
Nanocellulose Market: Product Segment Analysis
- Nano-crystalline cellulose
- Nano-fibrillated cellulose
- Bacterial Nanocellulose
Nanocellulose Market: Application Segment Analysis
- Oil & gas
- Paper processing
- Paints & coatings
Nanocellulose Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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