The nanocellulose market is projected to grow from USD 0.6 billion in 2024 to USD 3.4 billion by 2032, at a CAGR of 23.7% from 2024 to 2032. The market's expansion is being driven by rising awareness and demand for nanocellulose in a variety of applications, including paper and pulp, composites, paints, and coatings.
Companies such as FiberLean Technologies (UK), Borregaard (Norway), Nippon Paper Industries (Japan), CelluForce Inc. (Canada), and Stora Enso (Finland) fall under the winners’ category. These are the top players in the worldwide nanocellulose market. These organizations have used techniques such as investments, expansions, product launches, mergers and acquisitions, collaborations, fundraising, and agreements to meet the growing demand for nanocellulose on a regional and global scale.
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FiberLean Technologies is the global leader for microfibrillated cellulose (MFC). The company offers MFC technology in a variety of industries, including paper & pulp, packaging, and engineering solutions. In March 2021, Werhahn KG Group acquired FiberLean Technologies. Werhahn KG Group's primary businesses are building materials, consumer goods, and financial services.
Nippon Paper Industries provides nanocellulose through its chemical division, which is part of the daily-life products industry. The company's products are utilized for a variety of applications, including pulping and nano-sizing. It delivers nanocellulose technology to the cosmetics, pulp and paper, tire, healthcare, and food industries. In September 2021, Nippon Paper Industries and Coca-Cola Japan collaborated to develop an environmentally friendly society and safeguard forests.
Borregaard is well-known for its innovative and sustainable biorefineries, which generate advanced and ecologically friendly biochemicals, biomaterials, and bioethanol. Borregaard's primary business segments are Fine Chemicals, BioMaterials, and BioSolutions. It provides nanocellulose through its BioMaterials business unit. The company makes MFC in Sarpsborg, Norway, and sells it under the Exilva name. It maintains research centers in Spain, Norway, South Africa, and the US. Borregaard has sales offices in 16 countries in Europe, the Americas, Asia, and Africa.
CelluForce Inc. is a prominent commercial producer of nanocrystalline cellulose (NCC). Domtar Corporation and FPInnovations formed the company as a joint venture. It owns several patented technologies and plans to develop and market NCC products for various emerging uses, including cement and non-woven fabrics. The company's products are used in a variety of industries, including oil and gas, adhesive, pulp and paper, chemicals, plastic, paints and coatings, personal care, healthcare, and food and beverages. It has a large presence in North America, with a production site in Canada. CelluForce distributes its nanocellulose products through a direct sales network. The company maintains the world's largest CNC plant, with a yearly output capacity of 300 tons.
Stora Enso provides renewable solutions for the packaging, biomaterial, wooden construction, and paper markets. The company has six business segments: paper, wood products, biomaterials, packaging materials, forest, and packaging solutions. It provides nanocellulose through its Biomaterials business section, which has manufacturing units in Finland and Sweden. Packaging firms, building companies, publishers, printing houses, and paper merchants are its primary consumers in the nanocellulose sector. The company is shifting from paper and board manufacture to renewable material production. Stora Enso's revenue is primarily from Finland, but it also operates in Sweden, Germany, Brazil, and Poland. It has manufacturing sites in seventeen countries in Europe, Asia Pacific, North America, and South America.
Related Reports:
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 2032
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