Market Research Report
Nanocellulose Market Size by Product, by Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
|Published by||Global Market Insights Inc.||Product code||950581|
|Published||Content info||260 Pages
Delivery time: 2-3 business days
|Nanocellulose Market Size by Product, by Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026|
|Published: June 30, 2020||Content info: 260 Pages||
Nanocellulose Market Size by Product (Nano fibrillated Cellulose, Nanocrystalline Cellulose), by Application (Composites, Paper Processing, Food & Beverages, Paints & Coatings, Oil & Gas, Personal Care), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026.
The nanocellulose market is projected to witness substantial growth over the forecast time period owing to growing environmental concerns and increasing infrastructure projects involving smart homes and green buildings. Nanocellulose is a light solid substance acquired from plant matter comprising of nanosized cellulose fibrils. It is usually produced from wood pulp and is transparent, electrically conductive, and more stronger comparison to steel.
Nanocellulose has a wide array of applications, ranging from children's toys to cleaning up oil spills. It is also used in food, medical, and pharmaceutical industries as a packaging material as its effectively blocks oxygen from coming in contact with the products to cause oxidation and spoilage.
The overall nanocellulose market is segmented in terms of product, application, and regional landscape.
In terms of application, the overall nanocellulose market is bifurcated into personal care, oil & gas, paints & coatings, food & beverages, paper processing, composites, and others. The paints & coatings segment is likely to exhibit an impressive 21.6% CAGR over the forecast timeframe.
Market opportunities include the utilization of cellulose nanomaterials as additives to improve the properties of paints and coatings such as urethanes and varnishes. This market opportunity is based on the ability of cellulose nanomaterials to serve as rheology modifiers to affect viscosity and application characteristics such as dripping, sagging, splattering, and coverage.
The oil & gas segment is likely to showcase a 22.3% CAGR over the projected time period. Nanocellulose will have substantial scope in oil recovery applications as a fracturing fluid, in drilling muds and in suspension methods for extracting oil out of the ground. The characteristics of nanocellulose enhancing the oil recovery include rheology, phase behavior, high dispersity along with its ability to emulsify.
The personal care segment is likely to exhibit over 22.2% CAGR over the forthcoming time period. Nanocellulose can be used in sanitary napkins, incontinence pads, tampons, baby diapers in the form of freeze-dried nanocellulose aerogels. Other promising applications in this area comprises of nanocellulose in tissue, absorbent structures or non-woven products and as antimicrobial films.
The others segment will exhibit over 21.4% CAGR over the forecast timeline. Cosmetics segment will have considerable scope for nanocellulose over the forecast timespan. Several other applications of nanocellulose include computer components, pharmaceuticals, electronic displays and windows, tobacco filter additives, films in lithium batteries, capacitors, loud-speaker membranes, ballistic glass, and lightweight body armor etc.
From a regional frame of reference, the Asia-Pacific nanocellulose market is anticipated to witness gains of nearly 21.6% CAGR over the forecast timeframe. Increasing infrastructural projects involving green buildings and smart homes will supplement product demand. Additionally, expansion of manufacturing plants as well as capacities will result in increased demands for automotive exterior parts, thereby escalating the market growth.
The MEA nanocellulose market is projected to witness gains of 21.7% CAGR over the forecast timeframe. Ongoing investments in large scale infrastructure and building projects together with rising consumer spending will give rise to a growing demand for the development of nanocellulose processing in the region. Development of the downstream petrochemical industry by the Middle East government will propel the nanocellulose market over the forecast timeframe.