Summary
Nanocellulose Market Research Report Information By Product Type (Nanofibrillar Cellulose (NFC), Nanocrystalline Cellulose (NCC) and Bacterial Cellulose (BCC)), Application (Composites & Packaging, Paper & Board and Paints & Coatings, Oil & Gas, Personal Care and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) Market Forecast Till 2030
Overview of the Market
The market for nanocellulose is anticipated to increase significantly throughout the research period, with a compound annual growth rate (CAGR) of 21.6%. By the end of the forecast period (2023-2030), the market is anticipated to have grown from its 2022 valuation of USD 300.75 million to USD 1429.22 million.
The growing requirement for a variety of applications and a noticeable trend toward the use of bio-based goods are the main causes of the spike in demand for nanocellulose. Numerous variables, including the special properties of nanocellulose—such as increased freeness, decreased base mass weight, improved filler content, and increased efficiency in paper machine processes—are responsible for this demand. Because of these qualities, nanocellulose can be used to produce a variety of products.
Nanocellulose is a notable sustainable nanomaterial addition in the paper industry. Its remarkable strength, strong oxygen barrier function, low density, mechanical qualities, and biocompatibility set it apart from other bio-based resources and are the main reasons for its popularity. As a result, nanocellulose is now regarded as a desirable and important ingredient for improving the performance and sustainability of different paper goods.
Additionally, nanocellulose finds extensive use in a variety of industries, such as aqueous coatings and construction materials. Its integration into composite materials is essential for improving their qualities and capabilities, which advances the creation of sustainable and cutting-edge materials outside of the paper sector. Nanocellulose's adaptability to a wide range of applications highlights its increasing significance as a major player in the developing field of high-performance and sustainable materials.
The market Segmentation
The global market for nanocellulose has been divided into three segments based on the kind of product: bacterial cellulose (BCC), nanofibrillar cellulose (NFC), and nanocrystalline cellulose (NCC).
The global market for nanocellulose has been divided into several segments based on its applications, including Composites & Packaging, Paper & Board, Paints & Coatings, Oil & Gas, Personal Care, and Others.
Analysis by Region
With a significant revenue share of more than 35% in 2022, Europe became the global leader for nanocellulose. The primary reason for this dominant position is the growing need for pulp and paper in the area. Furthermore, strict laws prohibiting single-use plastic packaging have increased consumer demand for packaging materials based on nanocellulose, which has greatly aided in the dominance of the European market.
Due to several variables, the North American region is on the verge of becoming the second-largest user of nanocellulose. This predicted expansion is a result of the region's strong economic development rate, growing industrial capabilities, high consumption potential, and growing demand for lightweight passenger automobiles. North America's position as a major user of nanocellulose products is further cemented by the food and beverage packaging industry's rising preference for eco-friendly solutions. Europe and North America stand out as significant contributors to the market's growth and development, highlighting the global significance of nanocellulose as a crucial material reacting to changing market demands and regulatory developments.
Key Players
Fiber Lean, Nippon Paper Industries, GranBio, CelluForce, Kruger INC, Sappi, UPM, Stora Enso, CelluComp Ltd, Borregaard, and numerous more are significant industry players.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................................................................... 19
1.1 KEY HIGHLIGHTS .............................................................................................................................................................. 20
2 MARKET INTRODUCTION ........................................................................................................................................................... 22
2.1 DEFINITION ....................................................................................................................................................................... 22
2.2 SCOPE OF THE STUDY ...................................................................................................................................................... 22
2.3 RESEARCH OBJECTIVE ..................................................................................................................................................... 22
2.4 MARKET STRUCTURE ....................................................................................................................................................... 22
3 RESEARCH METHODOLOGY ...................................................................................................................................................... 23
3.1 OVERVIEW ......................................................................................................................................................................... 23
3.2 DATA FLOW ....................................................................................................................................................................... 25
3.2.1 DATA MINING PROCESS ............................................................................................................................................... 25
3.3 PURCHASED DATABASE: .................................................................................................................................................. 26
3.4 SECONDARY SOURCES: .................................................................................................................................................... 27
3.4.1 SECONDARY RESEARCH DATA FLOW: ......................................................................................................................... 28
3.5 PRIMARY RESEARCH: ....................................................................................................................................................... 29
3.5.1 PRIMARY RESEARCH DATA FLOW: ............................................................................................................................. 30
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED ................................................................................. 31
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE ............................................................................................................. 31
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: .............................................................................................................. 32
3.6.1 CONSUMPTION & NET TRADE APPROACH .................................................................................................................. 32
3.6.2 REVENUE ANALYSIS APPROACH ................................................................................................................................. 32
3.7 DATA FORECASTING ......................................................................................................................................................... 33
3.7.1 DATA FORECASTING TECHNIQUE ................................................................................................................................ 33
3.8 DATA MODELING ............................................................................................................................................................... 34
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ........................................................................................................................ 34
3.8.2 DATA MODELING: ......................................................................................................................................................... 35
3.9 TEAMS AND ANALYST CONTRIBUTION ............................................................................................................................ 36
4 MARKET DYNAMICS .................................................................................................................................................................. 38
4.1 INTRODUCTION ................................................................................................................................................................. 38
4.2 DRIVERS ............................................................................................................................................................................ 38
4.2.1 STRONG DEMAND FROM PULP AND PAPER INDUSTRY IS DRIVING THE NANOCELLULOSE MATERIALS MARKET GROWTH .................................................................................................................................................................................... 38
4.2.2 GROWING INTEREST IN ENVIRONMENTALLY FRIENDLY MATERIALS AND RISING FOR DURABLE AND LIGHTWEIGHT MATERIALS ACROSS VARIOUS INDUSTRIES ............................................................................................................................. 39
4.3 RESTRAINTS/CHALLENGES .............................................................................................................................................. 40
4.3.1 HIGHER COST OF PRODUCTION AND LACK OF EXPERTISE ........................................................................................ 40
4.4 OPPORTUNITY .................................................................................................................................................................. 41
4.4.1 INCREASING R&D ACTIVITIES TO ENHANCE THE PROPERTIES OF CURRENT NANOCELLULOSE PRODUCTS ......... 41
4.5 IMPACT ANALYSIS OF COVID-19 ON GLOBAL NANOCELLULOSE MARKET .................................................................... 42
4.6 PRICING OVERVIEW, BY REGION, (USD/TON) .................................................................................................................. 43
5 MARKET FACTOR ANALYSIS ..................................................................................................................................................... 44
5.1 SUPPLY CHAIN ANALYSIS ................................................................................................................................................ 44
5.1.1 PARTICIPANTS (AT DIFFERENT NODES) ..................................................................................................................... 44
5.1.1.1 RAW MATERIAL SUPPLIERS ................................................................................................................................ 44
5.1.1.2 MANUFACTURERS ............................................................................................................................................... 44
5.1.1.3 DISTRIBUTION CHANNEL .................................................................................................................................... 45
5.1.1.4 END-USER ............................................................................................................................................................ 45
5.2 PORTER’S FIVE FORCES MODEL ....................................................................................................................................... 46
5.2.1 BARGAINING POWER OF SUPPLIERS ........................................................................................................................... 46
5.2.2 BARGAINING POWER OF BUYERS ................................................................................................................................ 47
5.2.3 THREAT OF NEW ENTRANTS ....................................................................................................................................... 47
5.2.4 THREAT OF SUBSTITUTES ........................................................................................................................................... 47
5.2.5 INTENSITY OF RIVALRY ................................................................................................................................................ 47
6 GLOBAL NANOCELLULOSE MARKET, BY PRODUCT TYPE ........................................................................................................ 49
6.1 INTRODUCTION ................................................................................................................................................................. 49
6.1.1 NANOFIBRILLAR CELLULOSE (NFC) ............................................................................................................................. 50
6.1.2 NANOCRYSTALLINE CELLULOSE (NCC) ...................................................................................................................... 51
6.1.3 BACTERIAL CELLULOSE (BCC) ..................................................................................................................................... 51
7 GLOBAL NANOCELLULOSE MARKET, BY APPLICATION ........................................................................................................... 52
7.1 INTRODUCTION ................................................................................................................................................................. 52
7.1.1 COMPOSITES & PACKAGING ........................................................................................................................................ 53
7.1.2 PAPER & BOARD ........................................................................................................................................................... 54
7.1.3 PAINTS & COATINGS .................................................................................................................................................... 54
7.1.4 OIL & GAS ...................................................................................................................................................................... 55
7.1.5 PERSONAL CARE .......................................................................................................................................................... 55
7.1.6 OTHERS ........................................................................................................................................................................ 55
8 GLOBAL NANOCELLULOSE MARKET, BY REGION ..................................................................................................................... 56
8.1 OVERVIEW ......................................................................................................................................................................... 56
8.2 NORTH AMERICA .............................................................................................................................................................. 58
8.2.1 US .................................................................................................................................................................................. 61
8.2.2 CANADA ........................................................................................................................................................................ 62
8.3 EUROPE ............................................................................................................................................................................. 64
8.3.1 GERMANY ..................................................................................................................................................................... 67
8.3.2 UK ................................................................................................................................................................................. 68
8.3.3 FRANCE......................................................................................................................................................................... 70
8.3.4 RUSSIA .......................................................................................................................................................................... 71
8.3.5 SPAIN ............................................................................................................................................................................ 73
8.3.6 ITALY............................................................................................................................................................................. 74
8.3.7 REST OF EUROPE .......................................................................................................................................................... 75
8.4 ASIA PACIFIC ..................................................................................................................................................................... 77
8.4.1 CHINA ........................................................................................................................................................................... 79
8.4.2 JAPAN ........................................................................................................................................................................... 81
8.4.3 INDIA ............................................................................................................................................................................. 82
8.4.4 SOUTH KOREA .............................................................................................................................................................. 83
8.4.5 REST OF ASIA PACIFIC ................................................................................................................................................. 85
8.5 LATIN AMERICA ................................................................................................................................................................ 87
8.5.1 BRAZIL .......................................................................................................................................................................... 89
8.5.2 ARGENTINA .................................................................................................................................................................. 91
8.5.3 MEXICO ......................................................................................................................................................................... 92
8.5.4 REST OF LATIN AMERICA ............................................................................................................................................. 93
8.6 MIDDLE EAST & AFRICA .................................................................................................................................................... 95
8.6.1 SOUTH AFRICA ............................................................................................................................................................. 98
8.6.2 GCC COUNTRIES........................................................................................................................................................... 99
8.6.3 REST OF THE MIDDLE EAST & AFRICA ........................................................................................................................ 100
9 COMPETITIVE LANDSCAPE ....................................................................................................................................................... 102
9.1 INTRODUCTION ................................................................................................................................................................. 102
9.2 COMPETITION DASHBOARD ............................................................................................................................................. 102
9.3 RECENT UPDATES ............................................................................................................................................................ 103
9.4 STARTUPS WORKING IN THE NC OR CNC AREA INCLUDE: ............................................................................................. 105
10 COMPANY PROFILES ................................................................................................................................................................. 106
10.1 FIBERLEAN TECHNOLOGIES ............................................................................................................................................. 106
10.1.1 COMPANY OVERVIEW .................................................................................................................................................. 106
10.1.2 FINANCIAL OVERVIEW ................................................................................................................................................. 106
10.1.3 PRODUCTS OFFERED ................................................................................................................................................... 107
10.1.4 KEY DEVELOPMENTS ................................................................................................................................................... 107
10.1.5 SWOT ANALYSIS ........................................................................................................................................................... 108
10.1.6 KEY STRATEGY ............................................................................................................................................................. 108
10.2 NIPPON PAPER INDUSTRIES CO., LTD ............................................................................................................................. 109
10.2.1 COMPANY OVERVIEW .................................................................................................................................................. 109
10.2.2 FINANCIAL OVERVIEW ................................................................................................................................................. 110
10.2.3 PRODUCTS OFFERED ................................................................................................................................................... 110
10.2.4 KEY DEVELOPMENTS ................................................................................................................................................... 110
10.2.5 SWOT ANALYSIS ........................................................................................................................................................... 111
10.2.6 KEY STRATEGY ............................................................................................................................................................. 111
10.3 BORREGAARD .................................................................................................................................................................... 112
10.3.1 COMPANY OVERVIEW .................................................................................................................................................. 112
10.3.2 FINANCIAL OVERVIEW ................................................................................................................................................. 113
10.3.3 PRODUCTS OFFERED ................................................................................................................................................... 113
10.3.4 KEY DEVELOPMENTS ................................................................................................................................................... 114
10.3.5 SWOT ANALYSIS ........................................................................................................................................................... 114
10.3.6 KEY STRATEGY ............................................................................................................................................................. 114
10.4 CELLUFORCE ..................................................................................................................................................................... 115
10.4.1 COMPANY OVERVIEW .................................................................................................................................................. 115
10.4.2 FINANCIAL OVERVIEW ................................................................................................................................................. 115
10.4.3 PRODUCTS OFFERED ................................................................................................................................................... 115
10.4.4 KEY DEVELOPMENTS ................................................................................................................................................... 116
10.4.5 KEY STRATEGY ............................................................................................................................................................. 116
10.5 SAPPI LIMITED .................................................................................................................................................................. 117
10.5.1 COMPANY OVERVIEW .................................................................................................................................................. 117
10.5.2 FINANCIAL OVERVIEW ................................................................................................................................................. 118
10.5.3 PRODUCTS OFFERED ................................................................................................................................................... 118
10.5.4 KEY DEVELOPMENTS ................................................................................................................................................... 118
10.5.5 SWOT ANALYSIS ........................................................................................................................................................... 119
10.5.6 KEY STRATEGY ............................................................................................................................................................. 119
10.6 KRUGER INC. ..................................................................................................................................................................... 120
10.6.1 COMPANY OVERVIEW .................................................................................................................................................. 120
10.6.2 FINANCIAL OVERVIEW ................................................................................................................................................. 121
10.6.3 PRODUCTS OFFERED ................................................................................................................................................... 121
10.6.4 KEY DEVELOPMENTS ................................................................................................................................................... 121
10.6.5 KEY STRATEGY ............................................................................................................................................................. 121
10.7 STORA ENSO ..................................................................................................................................................................... 122
10.7.1 COMPANY OVERVIEW .................................................................................................................................................. 122
10.7.2 FINANCIAL OVERVIEW ................................................................................................................................................. 123
10.7.3 PRODUCTS OFFERED ................................................................................................................................................... 124
10.7.4 KEY DEVELOPMENTS ................................................................................................................................................... 124
10.7.5 SWOT ANALYSIS ........................................................................................................................................................... 125
10.7.6 KEY STRATEGY ............................................................................................................................................................. 125
10.8 AMERICAN PROCESS INC ................................................................................................................................................. 126
10.8.1 COMPANY OVERVIEW .................................................................................................................................................. 126
10.8.2 FINANCIAL OVERVIEW ................................................................................................................................................. 126
10.8.3 PRODUCTS OFFERED ................................................................................................................................................... 126
10.8.4 KEY DEVELOPMENTS ................................................................................................................................................... 126
10.8.5 KEY STRATEGY ............................................................................................................................................................. 126
10.9 UPM ................................................................................................................................................................................... 127
10.9.1 COMPANY OVERVIEW .................................................................................................................................................. 127
10.9.2 FINANCIAL OVERVIEW ................................................................................................................................................. 128
10.9.3 PRODUCTS OFFERED ................................................................................................................................................... 128
10.9.4 KEY DEVELOPMENTS ................................................................................................................................................... 129
10.9.5 KEY STRATEGY ............................................................................................................................................................. 129
10.10 CELLUCOMP ...................................................................................................................................................................... 130
10.10.1 COMPANY OVERVIEW .................................................................................................................................................. 130
10.10.2 FINANCIAL OVERVIEW ................................................................................................................................................. 130
10.10.3 PRODUCTS OFFERED ................................................................................................................................................... 130
10.10.4 KEY DEVELOPMENTS ................................................................................................................................................... 131
10.10.5 KEY STRATEGY ............................................................................................................................................................. 131
10.11 RELATED REPORTS ........................................................................................................................................................... 132
