| As per the recently published report by MarketsandMarkets™, The “Nanocellulose Market by Type (MFC & NFC, CNC/NCC), Raw Material (Wood, Non-wood), Application (Paper & Pulp, Composites, Paints & Coatings, Biomedical & Pharmaceuticals, Electronics & Sensors), and Region – Global Forecast to 2030″ is expected to grow from USD 0.4 billion in 2022 to USD 2.0 billion by 2030, at a CAGR of 21.9%. Increasing investments in R&D activities by government and private organizations and growing demand for sustainable products with improved material science is expected to drive the nanocellulose market.
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201 Market data Tables
47 Figures
192 Pages and in-depth TOC on “Nanocellulose Market – Global Forecast to 2030″
This report also provides a comprehensive analysis of the companies listed below:
The key players in the Nanocellulose Market include such as FiberLean Technologies (UK), Borregaard (Norway), Nippon Paper Industries (Japan), CelluForce Inc. (Canada), Kruger Inc. (Canada) fall under the winners’ category. These are leading players in the nanocellulose market, globally. These players have adopted the strategies of investments, expansions, product launches, mergers and acquisitions, partnerships, raising funds, and agreements to fulfil the rising demand for nanocellulose on the regional as well as global levels.
Recent Developments in Nanocellulose Market
- In June 2021, Nippon Paper Industries has acquired Elopak ASA, a Norway-based company offering paper-based packing solutions to strengthen its position in the global packaging market.
- In March 2021, Werhahn KG Group, a family-owned business group has acquired 100% ownership of FiberLean Technologies.
- In October 2020, Borregaard has received a funding from the Research Council of Norway (NFR) for an innovation project to maximize the value of raw materials and reduce waste streams in industrial processes.
MFC & NFC segment, by type of nanocellulose market is projected to be the fastest-growing segment from 2022 to 2030. MFC & NFC has lower prices and possess various advantages, such as material efficiency, strength enhancement, light-weighting, and renewable barrier materials.
The wood segment, by raw material of the nanocellulose market is projected to be the fastest-growing segment during 2022 to 2030. The cost of the production of nanocellulose from wood is quite lower than that of other sources. Wood is a renewable resource and the most abundant material on earth, and plants can be easily cultivated for commercial purposes.
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Composites segment, by application of the nanocellulose market, is projected to the fastest-growing segment during 2022 to 2030. Nanocellulose can be used as a filler or reinforcement in composite materials. Many composite applications of nanocellulose, such as coatings and films, foams, paints, and packaging, are currently under study.
Europe is projected to be the fastest-growing market for nanocellulose during the forecast period. The industries in Europe are working on sustainable products and promising recyclable material solutions which is driving the growth of nanocellulose products and materials in the region. Most of the demand for nanocellulose materials is from Europe’s pulp & paper and composites & packaging industries.
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