Latest News - Nanocellulose Market: Nano-fibrillated cellulose is expected to lead the Product segment during 2024-2028

The Nanocellulose Market is being driven by Growing demand for nanocellulose in packaging applications

The Nanocellulose Market is expected to grow at a CAGR of 18.52% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 441.3 million. In the realm of advanced materials, nanocellulose emerges as a promising solution due to its unique properties and versatility. Available in three forms - nano-fibrillated cellulose, nano-crystalline cellulose, and bacterial cellulose - nanocellulose is gaining significant traction in various industries. Its lightweight, non-toxic, and high tensile strength properties, coupled with the ability to conduct electricity, make it an ideal candidate for applications in pharmaceuticals and cosmetics. Vendors are actively exploring the potential of nanocellulose as a replacement material for artificial heart valves, ligaments, and hip joints. Furthermore, its use in pharmaceuticals extends to tablet coating, sustained drug delivery, additives, packaging, and as a flavor enhancer and suspension stabilizer in formulation processes. The continuous research and development in this field are expected to unveil new applications for nanocellulose, thereby expanding its market potential. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Nano-fibrillated cellulose
  • Nano-crystalline cellulose
  • Bacterial nanocellulose
• Type
  • Composites
  • Paper processing
  • Oil and gas
  • Paints and coatings
  • Others
• Geography
  • Europe
    • Germany
    • UK
  • North America
    • US
    • Canada
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for nanocellulose in packaging applications
• Advancements in nanotechnology for producing nanocellulose
• Increasing demand for lightweight materials

However, the market also witnesses some limitations, which are as follows:

• High cost of manufacturing nanocellulose
• Difficulty in mixing nanocellulose with composite applications
• Threat from substitute products

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Market Scope in Nanocellulose Market Research Report

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Research Analysis Overview

Nanocellulose is a lightweight nanomaterial derived from cellulose, a natural polymer found in wood pulp and other plant fibers. Two common methods for producing nanocellulose include bacterial nanocellulose and mechanical methods, such as microfluidizers, grinders, ultrasonic homogenizers, and high pressure homogenizers, which apply high shear forces to break down cellulose fibers into nanofibers. Nanocellulose offers several advantages over traditional materials for various applications. Its low weight, stiffness, and increased strength make it an attractive alternative to petroleum-based packaging materials. Additionally, nanocellulose is biodegradable, non-toxic, and sustainable, making it a popular choice for material science and the production of bio-based products. The global nanocellulose market is expected to grow significantly due to increasing demand for sustainable and eco-friendly materials. Wood-based pulp and cellulose derivatives, such as Nano Fibrillated Cellulose (NFC) and Micro Fibrillated Cellulose (MFC), are commonly used in paperboard applications. The government's support for research and development in this area is also expected to drive market growth. In summary, nanocellulose is a promising nanomaterial with numerous applications in various industries, including packaging, construction, and biomedicine, due to its unique properties such as low weight, increased strength, biodegradability, and low toxicity. The production of nanocellulose through mechanical methods and bacterial fermentation is a topic of ongoing research and development in material science.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries' high-performance products. These include fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market size is determined by the consolidated revenue of these manufacturers. Factors propelling the specialty chemicals market expansion include the increasing preference for specialty adhesives and sealants, driven by the growing demand for high-performance materials in various end-use industries. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/