Nanocrystalline Cellulose Witnessing Increased Demand Across Various Industries, Market Valuation to Rise at CAGR of 31% During Forecast Period: TMR Study

Derived from woody biomass, nanocrystalline cellulose are the fundamental raw materials for natural cellulose which can be procured in nanometers dimension. Nanocrystalline cellulose is processed into solid flake, liquid, or gel forms. The nanocrystalline cellulose demand is rising across various industries such as composites manufacturing, biomedical, and paper processing. The increasing demand for the product in these industries is also likely to boost the nanocrystalline cellulose market. The use of nanocrystalline cellulose in paper commodities helps to enhance the bond strength for a pair of fibers.

Some of the other end-user segments include personal care, pharmaceuticals, food & beverages, etc. Promising end-user segments include construction, textiles, and oil & gas. The nanocrystalline cellulose market products find its use in industrial applications such as rheology modifiers. Constant technological advancements, innovations made in pharmaceutical and personal care industries, and increased focus on biodegradable commodities are enhancing the nanocrystalline cellulose demand and, in turn, helping the nanocrystalline cellulose market expand.

Nanocrystalline cellulose products are often used in the packaging sector because of their fully biodegradable nature. In addition to this, globally they receive large attention because of their characteristics such as biodegradability, biocompatibility, low toxic nature, and surface chemistry.

nanocrystalline cellulose market

Large Capital Costs Could Impact Capacity Expansion in Production Plants For Nanocrystalline Cellulose

Nanocrystalline cellulose is also popular because of characteristics such as low density, a high degree of thermal stability and, high tensile strength. One of the important properties of nanocrystalline cellulose is its high surface area. This nature of products in the nanocrystalline cellulose market helps combine strongly with elements such as organic compounds, polymeric compounds and, water. n Nanocrystalline cellulose market products do not pose any major environmental issues as well.

While the demand for nanocrystalline cellulose is high among many end-user segments, the big capital costs have proven to be a hindrance to capacity expansion. The capacity growth of production plants needs the connection of advanced equipment as well as costly technology and quality management systems. The unavailability of suitable instrumental infrastructure could impact large-scale nanocrystalline cellulose production, which may also have a negative impact on the nanocrystalline cellulose market

When cellulose fibrils hydrolyzed with acids, it leads to the production of commercial nanocrystalline cellulose, the nanocrystalline cellulose which is produced from this process is free of any amorphous particles. However, the commercial production of nanocrystalline cellulose is still at a rudimentary stage.

Governments around the world are making investments in nanomaterials research and other developmental activities. Countries such as Canada, Australia, Sweden, and the U.S. have conducted research and development activities to help promote the manufacturing of nanocrystalline cellulose on a commercial scale in the past 10 years.

The nanocrystalline cellulose market is projected to expand significantly during the forecast period of 2018-2026 because of the usage of high-scale equipment. Manufacturers are looking to gain a competitive edge in the nanocrystalline cellulose market by procuring advanced technologies. But the optimization of the production process of nanocrystalline cellulose needs a greater research.

There has been a significant increase in research on nanocrystalline cellulose products recently. Nanotechnology innovations is a crucial factor, which is driving the nanocrystalline cellulose market. Some of the important players in the nanocrystalline cellulose market include Borregaard, CelluForce, UPM, Nippon Paper Industries, and American Process Inc, etc.

Governments Worldwide Investing in Nanomaterials Research to Promote Nanocrystalline Cellulose Manufacturing

An increase in the use of nanocrystalline cellulose in areas such as biomedical construction, oil and gas industries, and packaging, are estimated to drive the nanocrystalline cellulose market. Nanocrystalline cellulose products worldwide are witnessing an increase in popularity because they can be used in several end-user industries some of which include, manufacturing, food and beverage, personal care, packaging etc,, and this could have a further positive impact on the nanocrystalline cellulose market.

The high-level structural properties of nanocrystalline cellulose products are expected to increase their usage in end-user industries. These characteristics are expected to help boost demand for nanocrystalline cellulose around the world, which could provide profitable opportunities for the nanocrystalline cellulose market. The global nanocrystalline cellulose market can be segmented as follows:

In terms of region

  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Europe
    • Germany
    • U.K
    • Sweden
    • Norway
    • Russia & CIS
    • Rest of Europe

In terms of end-user analysis

  • Composites Manufacturing
  • Food & Beverage
  • Paints & Coatings
  • Medical & Pharmaceutical
  • Personal Care
  • Paper Processing
  • Others (including Oil & Gas, Textiles, and Cement)

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