[110 Pages Report]The market for nanocellulose is expected to grow from USD 297 million in 2020 to USD 783 million by 2025, at a CAGR of 21.3%. Rising concerns regarding the environment along with the market impetus for greater sustainability in the use of products, are driving the demand for nanocellulose. The rising resource constraint is also shifting the demand for bio-based products, which is a significant driver of the nanocellulose market.
MFC & NFC is expected to grow at the highest rate during the forecast period.
The demand for MFC & NFC is increasing exponentially, mainly due to its nano-scale dimensions and the ability to form a strong entangled nanoporous network. It is growing because of its relative ease of preparation in high yield, high specific surface area, and high strength and stiffness. This bio-based nanomaterial has been widely used in nanocomposites due to its outstanding reinforcing potential
Based on application, the nanocellulose market is segmented as pulp & paper; composites & packaging; biomedical, pharmaceutical & cosmetics; flexible electronics and sensors; and others. Pulp & paper currently is the most extensive application in the nanocellulose market. Nanocellulose can be used as additives in papermaking to produce lighter and stronger paper and board, as it can be used to cut down the production cost. The paper presented through this method has enhanced properties, such as less porosity, higher printing quality, and less transparency.
Based on the region, the nanocellulose market has been segmented into Europe, North America, APAC, and RoW. Europe is the most significant and the fastest-growing nanocellulose market owing to the increasing demand in the pulp & paper application, along with the growing investments in R&D of nanocellulose materials. In the European region, product development projects have been funded by the government and private sectors. These factors are expected to lead to increasing demand for nanocellulose in the region during the forecast period.
The major vendors in the nanocellulose market are Fiberlean technologies (UK), Borregard (Norway), Nippon Paper Industries (Japan), Celluforce INC (Canada), Kruger INC (Canada), Stora Enso (Finland), Rise Innventia (Sweden), American Process Inc. (US), FPInnovations (Canada), UPM-Kymmene Oyj (Finland), Melodea (Israel), Cellucomp (Scotland), Blue Goose Refineries (Canada), Oji Holdings Corporation (Japan), VTT (Finland), and Sappi (South Africa).
The major companies are undertaking agreements and expansions to improve their shares in this market. Companies including Innventia (Sweden), American Process (US), Stora Enso (Finland), and CelluForce (Canada) have adopted various strategies, such as expansions, mergers & partnerships, and agreements between 2017 and 2020. The companies also expanded their plant capacities to increase their production capacities and meet the growing demand for nanocellulose in new applications.
Years Considered for the study
Type, Application, and Region
Europe, North America, APAC, and Rest of World
Fiberlean technologies (UK), Borregard (Norway), Nippon Paper Industries (Japan), Celluforce (Canada), Kruger Inc. (Canada), and others
This research report categorizes the nanocellulose market based on type, application, and region.
In October 2018, Stora Enso (Finland) acquired Cellutech AB (Sweden), a cellulose technology company. This acquisition helped the company to develop nanocellulose materials for packaging applications and strengthen its position in the packaging industry.
In April 2017, American Process Inc. (US), Will & Co (Netherlands), and P.R.G. (Netherlands) agreed to develop, manufacture jointly, and supply nanocellulose reinforced thermoplastic compounds which would offer characteristics such as enhanced mechanical properties. These compounds would help in catering to the demand of European based customers for conventional and biobased plastic compounds.
In November 2016, Celluforce (Canada) signed a partnership agreement with Fibria, a Brazilian based Forestry company. With this partnership, Fibria acquired the rights to sell Celluforce products in South America. It also got the right to partner with Celluforce to build CNC facilities in South America.
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TABLE OF CONTENTS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.5 PACKAGE SIZE
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDRY DATA
188.8.131.52 KEY DATA FROM SECONDARY SOURCES
2.1.2 PRIMARY DATA
184.108.40.206 KEY DATA FROM PRIMARY SOURCES
220.127.116.11 KEY INDUSTRY INSIGHTS
18.104.22.168 BREAKDOWN OF PRIMARY INTERVIEWS
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 ASSUMPTIONS LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE NANOCELLULOSE MARKET
4.2 NANOCELLULOSE MARKET BY APPLICATION
4.3 NANOCELLULOSE MARKET IN APAC, BY COUNTRY AND APPLICATION
4.4 NANOCELLULOSE MARKET SIZE, BY TYPE
5 MARKET OVERVIEW
5.2 MARKET DYNAMICS
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 INTENSITY OF COMPETITIVE RIVALRY
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 THREAT OF NEW ENTRANTS
5.3 PATENT ANALYSIS
6 NANOCELLULOSE MARKET, BY TYPE
(Market size will not be provided for the sub-segments)
6.2 CELLULOSE MICROFIBRILLATED & NANOFIBRILLATED (MFC & NFC)
6.3 NANOCRYSTALLINE CELLULOSE/CELLULOSE NANOCRYSTALS (NCC/CNC)
6.4.1 BACTERIAL NANOCELLULOSE
6.4.2 TUNICATE NANOCELLULOSE
6.4.3 AMORPHOUS NANOCELLULOSE (ANC)
6.4.4 CELLULOSE NANOYARNS (CNY)
7 NANOCELLULOSE MARKET, BY APPLICATIONS
7.2 COMPOSITES & PACKAGING
7.3 PULP & PAPER
7.4 BIOMEDICAL & PHARMACEUTICAL
7.5 ELECTRONICS & SENSORS
7.6.2 OIL & GAS
8 NANOCELLULOSE MARKET, BY REGION
8.2 NORTH AMERICA
8.3.6 REST OF EUROPE
8.4.3 SOUTH KOREA
8.4.5 REST OF APAC
8.5 REST OF WORLD
8.5.2 SOUTH AFRICA
8.5.3 SAUDI ARABIA
8.5.4 REST OF MIDDLE EAST & AFRICA
9 COMPETITIVE LANDSCAPE
9.2 COMPETITIVE LEADERSHIP MAPPING, 2019
9.2.1 VISIONARY LEADERS
9.2.3 EMERGING COMPANIES
9.2.4 STRENGTH OF PRODUCT PORTFOLIO
9.2.5 BUSINESS STRATEGY EXCELLENCE
9.3 MARKET RANKING OF KEY PLAYERS, 2019
9.4 COMPETITIVE SCENARIO
10 COMPANY PROFILES*
(Overview, Financial*, Products & Services, Strategy, and Developments)
10.1 INNVENTIA AB
10.2 VTT TECHNICAL RESEARCH CENTER
10.3 SAPPI LTD
10.4 BORREGARD ASA
10.5 CELLUFORCE INC
10.8 AMERICAN PROCESS INC
10.8 KRUGER INC
10.9 DIACEL FINECHEM LTD
10.10 NIPPON PAPER GROUP INC
10.11 OTHER MAJOR PLAYERS
10.11.1 STORA ENSO
10.11.2 MELODEA LTD
10.11.3 J. RETTENMAIRE & SOHNE GMBH
10.11.4 UPM-KYMMENE OYJ
10.11.8 BLUE GOOSE REFINERIES
11.1 INSIGHTS FROM INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
11.5 AVAILABLE CUSTOMIZATIONS
11.6 RELATED REPORTS
*Note: Company profiles, and list of countries is tentative. It might change during research process.
The study involved four major activities in estimating the current market size of nanocellulose. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of the segments and sub-segments.
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg Businessweek, Factiva, World Bank, and Industry Journals, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; and databases.
The nanocellulose market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations, in the supply chain. The demand side of this market is characterized by the development of pulp & paper, composites, biomedical & pharmaceutical, electronics & sensors, and other applications. Advancements in technology characterize the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the nanocellulose market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the food & beverage, metal & mining, chemical, pharmaceutical, power generation, and other industries.
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