Nanocellulose Market Revenue, Regional & Country Share, Key Factors, Trends & Analysis, To 2027
The global Nanocellulose
market is forecast to reach USD 1.08 Billion by 2027, according to a
new report by Reports and Data. The market is seeing an expanded interest from
the composites sector owing to its critical characteristics, including
biodegradability, non-toxicity, and sustainability, along with thixotropic
Nanocellulose properties. However, volatile prices of raw materials arising
necessity for exploring and adopting other content as a substitute to reduce
the overall cost of the operation will be hampering the demand for the market.
Cosmetics would have substantial
potential for Nanocellulose across the forecast period. It is used as a
synthetic covering agent for fingers, eyes, eyebrows, or eyelashes in
cosmetics. The product also provides antioxidant properties and is now used in
products for sun care. It is also used for wound dressings in the surgical
profession and regenerative medicine. Other uses include pharmaceuticals,
tobacco filter additives, computer components, electronic displays, condensers,
lithium battery films, lightweight body armor, loudspeaker membranes, and
ballistic glass. However, low awareness about product use and high prices may,
in the coming years, somehow hamper the demand.
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Key Players Profiled in the Report are:
Asahi Kasei Corporation, Sappi Ltd.,
Fpinnovations, Kruger Inc., CelluForce Inc., Nippon Paper Group Inc., Stora
Enso, Borregard ASA, CelluComp Ltd., Oji Paper, and American Process Inc.,
among others.
Further key
findings from the report suggest
- Based on product, Nano Fibrillated
Cellulose generated a revenue of USD 146.4 Million in 2019 and expected to
grow with a CAGR of 20.5% in the forecast period as it exhibits minimal
oxygen permeability, making it suitable for various applications, such as
paints & coatings, food packaging, paper processing, etc.
- Based on distribution channels, the
Nanocellulose market generates a revenue of around 76.2% through offline
mode in 2019 of the overall business.
- The composites sector is the major
contributor to the market and is forecasted to reach USD 398.0 Million by
2027. The composite industry of the North America region is the major
shareholder of the Nanocellulose market, holding around 37.0% of the
market in the year 2027, owing to the wide variety of applications from
the automotive industry for the growing demand of composites for
lightweight vehicles.
- North America dominated the market for
Nanocellulose. The consistent focus of the region on cost-effective and
innovative procedures adopted in the area is driving the market. The North
America region held approximately 37.0% of the Nanocellulose market,
followed by Europe, which held around 32.0% market in the year 2019.
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For the purpose of this report, Reports and
Data have segmented into the global Nanocellulose market on the basis of
product, distribution channel, application, and region:
Product Outlook
(Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
- Nano Fibrillated Cellulose
- Nanocrystalline Cellulose
- Bacterial Nanocellulose
- Others
Distribution
Channel Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million;
2017-2027)
- Online
- Offline
Application
Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
- Composites
- Paper Processing
- Food & Beverage
- Paint & Coating
- Oil & Gas
- Personal Care
- Others
The regional analysis covers:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of
EU)
· Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
· Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of MEA)
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/nanocellulose-market
The Nanocellulose Market Report Offers:
· Deep insights into the Nanocellulose market
landscape
· Key details about the regional segmentation of
the Nanocellulose market
· Analysis of the crucial market trends with
regards to both current and emerging trends
· Comprehensive impact analysis of COVID-19
pandemic on the Nanocellulose industry
· Extensive overview of the key manufacturers
and prominent players of the industry
· Comprehensive study of the market segmentation
and recent developments
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