Nanocellulose is a lightweight material obtained from wood pulp or plant cellulose. The term generally refers to cellulose derived nanofibrils that can be long ribbon-like, short rod-shaped or thread-shaped. Nanocellulose is obtained through mechanical or chemical treatment of cellulose, a biopolymer material abundantly available across the globe. Nanocellulose offers immense growth potential owing to its superior mechanical, thermal, rheological, and structural properties vis-à-vis other cellulose-based derivatives and nanomaterials. Unique properties of nanocellulose include high aspect ratio, biodegradability, high strength, and low density. Nanocellulose can be employed in virtually every field. It can be used as rheological modifier in oilfield chemicals and oxygen barrier in packaging films.
Nanocellulose is further classified into nanofibrillated cellulose, nanocrystalline cellulose, and bacterial nanocellulose. Nanofibrillated cellulose accounted for the largest share (over 50%) of the global nanocellulose market in 2014. Nanofibrillated cellulose is manufactured through a series of mechanical treatments. This includes homogenization, microgrinding, and microfluidization, followed by enzymatic treatment and oxidation. Nanofibrillated cellulose can be employed in various end-user industries such as paints & coatings, paper processing, composites, oil & gas and adhesives. Nanocrystalline cellulose accounted for the second-largest share of the nanocellulose market in 2014. It can be used in packaging films, textiles, and personal care products. Bacterial nanocellulose held the lowest share of the market in 2014; however, it is expected to be one of the fastest growing product segments during the forecast period. Bacterial nanocellulose offers immense potential in the fields of biomedical implants and drug delivery systems.
Composites, paper processing, paints & coatings, and food & beverages were among the key end-users of nanocellulose in 2014. Composites was the largest end-user segment of the nanocellulose market and accounted for more than 35% of the market share in 2014. Nanocellulose is used in composites owing to its high strength and low density. Nanocellulose-based composites can be used in automotive, aerospace, and construction components. Nanocellulose is employed as rheological modifier and emulsion stabilizer in paints & coatings, food & beverages, and oil & gas industries. Other end-users of nanocellulose include electronics, biomedical, pharmaceutical, and textile industries. Nanocellulose can be used in the formation of flexible displays and drug delivery systems.
Extensive support and funding from governments and organizations is primarily driving the nanocellulose market. Countries such as the U.S., Canada, Japan, Sweden, and Finland have been increasingly supporting the development of nanocellulose. Nanocellulose has the ability to lower carbon footprint, as it is a product of renewable sources. Despite its significant potential, factors such as scaling up issues, high energy consumption, lack of consumer awareness, and lack of product standardization and quality are expected to hamper market growth in the next few years. Nanocellulose is likely to provide numerous opportunities in flexible electronic displays, pharmaceutical formulations, and non-woven products and tissues.
In terms of volume, North America is projected to exhibit the fastest growth rate in the nanocellulose market during the forecast period. Technological advancements and governmental support have been the key factors driving the nanocellulose market in the region. Europe accounted for the second-largest share of the global nanocellulose market in 2014. Market penetration in regions such as Asia Pacific, Latin America, and Middle East & Africa is low as compared to North America and Europe due to lack of product awareness and technological issues. However, this scenario is likely to change in the near future.
Key manufacturers of nanocellulose include CelluForce Inc., American Process Inc., Innventia AB, UPM-Kymmene Oyj, STORA ENSO, DAICEL FINECHEM LTD., and Nippon Paper Industries Co., Ltd.
Nanocellulose is a cellulose derived product that offers higher structural, mechanical, and rheological properties compared to its counterparts. Its unique properties include low gas permeability, high tensile strength, biodegradability, rheological modification, and high water vapor transmission rate. Nanocellulose is employed in numerous end-user industries such as composites, paper processing, food & beverages, paints & coatings, and oil & gas. North America and Europe are the leading regions in terms of demand for nanocellulose. These regions are expected to maintain their leading positions during the forecast period.
The report estimates and forecasts the nanocellulose market on the global, regional, and country level. The study provides forecast from 2015 to 2023 based on volume (Tons) and revenue (US$ Thousand). The report comprises an exhaustive value chain analysis, which provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the nanocellulose market along with their impact on demand during the forecast period. The report analyzes opportunities in the nanocellulose market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.
The report includes Porter’s Five Forces Model to determine the degree of competition in the nanocellulose market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and countries have been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive general attractiveness of the market. The report includes price trend analysis for raw materials (wood pulp) and nanocellulose from 2014 to 2023.
The study provides a comprehensive view of the nanocellulose market by dividing it into product segments such as nanofibrillated cellulose, nanocrystalline cellulose, and bacterial nanocellulose. In terms of end-user, the global nanocellulose market has been segmented into composites, paper processing, food & beverages, paints & coatings, oil & gas, personal care, and others. Product segments and end-users have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (Tons) and revenue (US$ Thousand).
Regional segmentation includes the current and forecast demand for nanocellulose in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for product and end-user segments. Key countries such as the U.S., Germany, Italy, the U.K., France, Spain, Japan, China, Japan, and South Africa have been included in the study. Market segmentation includes demand for individual products and end-users in all the regions and countries.
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include CelluForce Inc., American Process Inc., Innventia AB, UPM-Kymmene Oyj, Stor Enso Oyj, DAICEL FINECHEM Ltd., and Nippon Paper Industries Co. Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
This report segments the global nanocellulose market as follows:
Nanocellulose Market – Product Segment Analysis
- Nanofibrillated cellulose
- Nanocrystalline cellulose
- Bacterial nanocellulose
Nanocellulose Market – End-user Analysis
- Paper processing
- Food & beverages
- Paints & coatings
- Oil & gas
- Personal care
- Others (Including biomedical, electronics, pharmaceutical, etc.)
Nanocellulose Market – Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa