Nanocellulose Market

Strategies accounted for a significant share of the total growth strategies adopted by key players in the Nanocellulose Market

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. Increasing demand for sustainable products and government funding for research in developed nations are key factors projected to drive the market.

Nanocellulose refers to a wood-based nanomaterial which exhibits the properties of certain gels or fluids that are thick or viscous under normal conditions but become thin or less viscous over time. Nanocellulose has the ability to replace or complement plastics, oil and fracking drilling fluids, and emulsifiers in several applications. This market intelligence report segments the nanocellulose market on the basis of type and application, in terms of value and volume.

Companies operating in this market are adopting various strategies, such as expansions and agreements, to cater to the rising demand for nanocellulose in various regions worldwide. The adoption of the expansions strategy has helped the companies to increase their market shares and distribution networks. These strategies accounted for a significant share of the total growth strategies adopted by key players in the nanocellulose market between 2015 and 2017. 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).

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Active Players in the Nanocellulose Market

American Process is mainly involved in the development of proprietary technologies for the commercial manufacture of sugar and ethanol from non-food based biomass. It conducts its business by providing customized technical solutions to industries in the field of engineering services, energy integration, and proprietary software for process monitoring, optimization, and simulation. The company also conducts business in bio-refinery technologies, which includes nanocellulose production. It has developed its own proprietary technology for manufacturing cost-effective nanocellulose from biomass. The company manufactures fibrils and crystals under the brand BioPlus. In March 2017, American Process and Aditya Birla Group’s Birla Carbon agreed to jointly explore the technical and business potential of blending carbon black and nanocellulose to enhance the performance of tires. The combined use of Birla Carbon and BioPlus nanocellulose products in tires strongly reduces the rolling resistance of tires. In June 2016, American Process and Swansea University Medical School (UK) entered into an agreement to jointly develop 3D-printed tissue cartilage derived from human cells and nanocellulose for use in facial reconstruction. This project is sponsored by an award given by the UK’s Medical Research Council.

CelluForce (Canada) is a leading player in the commercial production of nanocrystalline cellulose. The company emerged as a joint venture of Domtar Corporation and FPInnovations. It has various patented technologies through which it intends to develop and market different and new applications of nanocrystalline cellulose. It has successfully created brands for its products. It has a major presence in the North American region. The company operates the largest nanocrystalline cellulose plant in the world, having a yearly capacity of 300 tons. With 50 patent families in its portfolio, it has the largest nanocrystalline cellulose patent record in the world. In November 2017, CelluForce signed a partnership 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 approval to partner with CelluForce to build nanocrystalline cellulose facilities in South America.

Related Reports:

Nanocellulose Market by Type (Microfibrillated Cellulose, Cellulose Nanocrystals), Application (Pulp& paper, Composites & packaging, Biomedical & pharmaceuticals, Electronics & sensors), and Region (Europe, North America, APAC) - Global Forecast to 2023

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