DUBLIN, Oct. 23, 2018 /PRNewswire/ --
The "Nanocellulose Market by Type, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The nanocellulose market is estimated to be USD 284.7 million in 2018 and is projected to reach USD 661.3 million by 2023, at a CAGR of 18.4 % from 2018 to 2023.
The growth of this market can be attributed to the rising use of sustainable products with improved material science in developed economies. In addition, the increasing resource constraints are gradually shifting the market demand for bio-based products.
Nanocellulose is used in pulp & paper, composites & packaging, and electronics & sensors applications. The pulp & paper segment is the largest application segment of the nanocellulose market. Nanocellulose can be used as additives in papermaking to produce lighter and stronger paper. This factor has led to greater use of nanocellulose in this segment.
Based on type, microfibrillated cellulose is estimated to account for the largest share of the nanocellulose market in 2018. Factors driving the microfibrillated segment include the increasing demand for nanocellulose in paper & pulp application in developed economies. The use of microfibrillated cellulose has grown in recent years driven by factors, such as lower cost of manufacturing and emerging nanocellulose applications such as oil & gas drilling fluids.
APAC, North America, Europe, and RoW are the key regions considered for market analysis in the report. Europe is estimated to be the largest market for nanocellulose in 2018 in terms of volume. It is also expected to continue to be the largest market by 2023, as growing awareness about nanocellulose is expected to drive the nanocellulose market during the forecast period. The nanocellulose market in Europe is projected to grow at the highest CAGR between 2018 and 2023, in terms of value and volume. The increasing demand for nanocellulose in high-end applications in the European region is anticipated to drive the nanocellulose market. Increasing awareness about the potential use of nanocellulose and establishing public-private partnerships are expected to drive the market during the forecast period.
Increasing regulatory barriers is a key restraint for the growth of the nanocellulose market. The lack of high-end machinery and product standardization is expected to dampen the demand for nanocellulose during the forecast period.
Key players in the nanocellulose market include Innventia (Sweden), American Process (US), FPInnovations (Canada), CelluForce (Canada), Stora Enso (Finland), Kruger (Canada), Diacel FineChem (Japan), Borregaard (Norway), Nippon Paper (Japan), and UPM-Kymmene Oyj (Finland).
These companies are expected to participate in new joint ventures to widen their customer base and strengthen their market presence. Other manufacturers of nanocellulose include Cellucomp (UK) and Melodea (Israel).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Nanocellulose Market
4.2 Nanocellulose Market, By Application
4.3 Nanocellulose Market, By Region
4.4 Nanocellulose Market Share, By Application and Country
4.5 Nanocellulose Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Sustainable Products With Improved Material Science
5.2.1.2 Private and Government Funding for Research in Developed Nations
5.2.2 Restraints
5.2.2.1 Regulatory Barriers
5.2.3 Opportunities
5.2.3.1 Goal to Reduce Vehicle Weight
5.2.3.2 Innovative Nanocellulose Applications
5.2.3.3 Establishing Public-Private Partnerships
5.2.3.4 Increasing Awareness About the Potential Use of Nanocellulose
5.2.4 Challenges
5.2.4.1 Product Standardization
5.2.4.2 Requirement of High-End Machinery and Expertise
5.3 Value Chain Analysis
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Buyers
5.4.3 Threat of Substitutes
5.4.4 Threat of New Entrants
5.4.5 Intensity of Rivalry
6 Nanocellulose Market, By Type
6.1 Introduction
6.2 Microfibrillated & Nanofibrillated Cellulose (MFC & NFC)
6.2.1 High Reactivityand Better Barrier Properties to Drive NFC Market.
6.3 Nanocrystalline Cellulose/Cellulose Nanocrystals (NCC/CNC)
6.3.1 Better Resistance to Stress Will Drive the Usage of NCC/CNC .
6.4 Others
6.4.1 Cellulose Micelles
6.4.2 Cellulose Whiskers
6.4.3 Bacterial Nanocellulose
6.4.4 Cellulose Filaments
6.4.5 Cellulose Crystallites
7 Nanocellulose Market, By Application
7.1 Introduction
7.2 Composites & Packaging
7.2.1 Better Mechanical and Optical Properties Will Drive Nanocellulose Market.
7.3 Pulp & Paper
7.3.1 Nanocellulose Expected to Substantially Reduce Carbon Footprint
7.4 Biomedical & Pharmaceuticals
7.4.1 Tissue Scaffolding for Cellular Culture to Drive Nanocellulose Market.
7.5 Electronics & Sensors
7.5.1 Re-Engineering of Paper Substrates is Expected to Drive Nanocellulose Usage in Electronics & Sensors
7.6 Others
7.6.1 Promising Ecological Advantage Over the Existing Materials in the Packaging Application Will Drive the Market.
8 Nanocellulose Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 US Accounted for the Largest Market Size in North America
8.2.2 Canada
8.2.2.1 Growth of Composite Structures in Civil Aviation to Drive the Canadian Nanocellulose Market
8.2.3 Mexico
8.2.2.1 Electronics & Sensors Application are Expected to Grow at the Fastest CAGR in Mexico
8.3 Europe
8.3.1 Finland
8.3.1.1 Finland Accounted for the Largest Market Size in Europe
8.3.2 Sweden
8.3.2.1 Public & Private Funding to Drive the Swedish Nanocellulose Market
8.3.3 Norway
8.3.3.1 Composites & Packaging is the Second Largest Application in Norway
8.3.4 UK
8.3.4.1 Usage of Nanocellulose in Aerospace Composites is Expected to Drive the Market
8.3.5 France
8.3.5.1 Greater Incorporation of Nanocellulose in Lightweight Structural Components Will Drive Nanocellulose Demand
8.3.6 Germany
8.3.6.1 Packaging and Specialty Paper to Drive the Demand for Nanocellulose in Germany
8.3.7 Spain
8.3.7.1 Nanocellulose Usage in Premium Packaging Along With Smaller Sized Packaging is Expected to Drive the Spanish Nanocellulose Market.
8.3.8 Netherlands
8.3.8.1 Electronics & Sensors Application to Register the Fastest CAGR in the Country
8.3.9 Rest of Europe
8.4 APAC
8.4.1 China
8.4.1.1 China's Packaging Industry is Expected to Drive the Demnad for Nanocellulose
8.4.2 Japan
8.4.2.1 Extensive R&D Activities and Governmnet Regulations to Support the Nanocellulose Demand
8.4.3 India
8.4.3.1 Pulp & Paper and Packaging Industries Show Potential for the Growth of Nanocellulose Market.
8.4.4 Rest of APAC
8.5 RoW
8.5.1 Brazil
8.5.1.1 Demand for Biodegradable Packaging to Drive the Demand for Nanocellulose Market
8.5.2 Israel
8.5.2.1 Rising Awareness About Biodegradable Packaging to Suppot the Demand for Nanocellulose
8.5.3 Others
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking of Key Players
9.3 Competitive Scenario
9.3.1 Expansion
9.3.2 Merger & Partnership
9.3.3 Agreement
10 Company Profiles
10.1 Innventia
10.2 American Process
10.3 Fpinnovations
10.4 Celluforce
10.5 Stora Enso
10.6 Kruger Inc.
10.7 Diacel Finechem Ltd.
10.8 Borregard ASA
10.9 Nippon Paper
10.10 UPM-Kymmene OYJ
10.11 Other Companies
10.11.1 Melodea
10.11.2 Cellucomp
10.11.3 Blue Goose Refineries
10.11.4 Oji Holdings
10.11.5 VTT Technical Research Centre of Finland
10.11.6 Sappi
10.11.7 Weidmann Fiber Technology
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