Market Research Report
Nanocellulose - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939183|
|Published||Content info||131 Pages
Delivery time: 2-3 business days
|Nanocellulose - Global Market Outlook (2018-2027)|
|Published: May 1, 2020||Content info: 131 Pages||
According to Stratistics MRC, the Global Nanocellulose market is accounted for $201.85 million in 2018 and is expected to reach $1,026 million by 2027 growing at a CAGR of 19.8% during the forecast period. Some of the key factors propelling the market growth are greater properties of nanocellulose and escalating adoption of elastic packaging aids. However, economic barriers are the restraining factor for the growth of the market.
Nanocellulose is a less weight solid material resulting from plant substance, which includes of nano-sized cellulose fibrils. It is a pseudo-plastic material and shows the property of exact types of gels or fluids that are usually thick in regular condition. It is normally obtained from wood pulp though it can be manufactured from several cellulosic source materials. It is used to get better the rheology of food, pharmaceuticals, and cosmetics. It possess greater properties such as exceptional thermal stability, dimensional constancy, lightweight, and high water binding ability, which make it suitable to use in several applications such as paper & board, paints & coatings, personal care, composites & packaging, oil & gas, and others.
By application, electronics & sensors segment is expected to grow at the significant market share during the forecast period due to utilize of nanocellulose as additives for creating paper and make stronger paper at less in weight. Additionally, escalating usage of sensors in industrial and additional applications. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period owing to growing middle class population mutual with the nonstop growth of innovative purchase light weight automobile vehicle. In addition, growing number of light weight and heavy duty vehicles on road have radically contributed to the nanocellulose market. Furthermore, with the technological advancement and its high adoption rate.
Some of the key players in Nanocellulose Market include American Process Inc , Axcelon Biopolymers Corporation, Borregaard ASA , CelluForce Inc, Chuetsu Pulp & Paper Co. Ltd, Daio Paper Corporation, Diacel Finechem Ltd, Innventia AB, Melodea Ltd, Nippon Paper Industries Co., Ltd, OJI Holdings Corporation, Rise Innventia AB , Sappi Ltd, Stora Enso OYJ, University of Maine and UPM-Kymmene OYJ.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.