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Nanocrystalline Cellulose Market to Expand at a Whopping 31% CAGR over the Forecast Period, from 2018 to 2026

The global nanocrystalline cellulose market is likely to experience considerable growth over the period of assessment, from 2018 to 2016. This renewable nanomaterial has garnered substantial attention in recent times due to its exceptional properties. Physical and biological properties of nanocrystalline cellulose like biodegradability, surface chemistry, biocompatibility, and low toxicity make it a desirable material for substantial use in biomedical industry. 

Oji Holdings Corporation, NIPPON PAPER INDUSTRIES CO.,LTD, American Process Inc, RISE Innventia AB, CelluForce, and Melodea Ltd are a few of the well known players in the global nanocrystalline cellulose market.

nanocrystalline cellulose market

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Through utilization extensive research methods, Transparency Market Research (TMR) has come up with a comprehensive report on the global nanocrystalline cellulose market. Experts at TMR prophesize that the global nanocrystalline cellulose market would clock a staggering growth rate of 31% CAGR over the period of assessment, from 2018 to 2026. 

Asia Pacific Driven by Expansion of  Oil and Gas Industry to Support Growth of the Market

The global nanocrystalline cellulose market is classified into the principal regions of Latin America, Middle East and Africa, East Europe, Asia Pacific, West Europe, and North America. Such region-based segmentations are expected to offer deep insight of the global nanocrystalline cellulose market and how several factors influence growth of the market. 

From the geographical standpoint, both Western Europe and North America are expected to command leading shares of the global nanocrystalline cellulose market over the forecast tenure. A rise in demand for lightweight composites from the automotive sector will augment the use of nanocrystalline cellulose in both Western Europe and North America.  In the Asia Pacific region, South East Asian countries like Singapore, Malaysia, Indonesia together with China are estimated to drive the demand for nanocrystalline cellulose in the region. Expansion of the oil and gas exploration activities in the South China Sea will create more demand for nanocrystalline cellulose. 

In addition, the market is likely to witness a rise in demand in the Middle East and Africa and Latin America owing to extensive use of nanocrystalline cellulose in the preparation of mud drilling. In addition, nanocrystalline cellulose is copiously used in the oil and gas industry of these regions. 

Properties of Nanocrystalline Cellulose Make it a Substance of Choice in Many Industries

Renewable biomass is utilized in the making of nanocrystalline cellulose, which is a cost effective procedure. This material does not pose any threat to the environment as it comes with low toxicity. As such, it find abundant use as reinforcing agent in the making of industrial biocomposites. Many end user sector like paints and coatings, paper processing, pharmaceuticals, and composites manufacturing make use of nanocrystalline cellulose. In addition, textiles, construction, and oil and gas industries are also adopting the material for use in various applications, which supports growth of the global nanocrystalline cellulose market 

Nanocrystalline cellulose has outstanding rheological, chemical, optical, and mechanical properties that have rendered the material fit for use in many applications across several industries, from oil drilling to paper processing. Furthermore, increased funding and support from various governments encourage progress of the global nanocrystalline cellulose market. In Europe and North America, several universities and government funded organizations run research programs on advanced substances, which benefits in the expansion of the market in years to come.

In the oil and gas industry, nanocrystalline cellulose is a material of choice for drilling fluids. It is the ability of nanocrystalline cellulose to change the viscosity of drilling fluids, which leads to saving of time and money. The global nanocrystalline cellulose market is also likely to driven by demand arising from the biomedical sector. Antimicrobial therapy, tissue engineering, and implantations are some of new avenues of scope for nanocrystalline cellulose. 

On the other hand, high cost of nanocrystalline cellulose is likely to impede growth of the market over the forecast period. 

The information shared in this review is based on a TMR report, bearing the title, “Nanocrystalline Cellulose Market (End user - Composites Manufacturing, Paper Processing, Food and Beverage, Paints and Coatings, Medical and Pharmaceutical, and Personal Care) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026.”   

The global Nanocrystalline cellulose market is segmented based on

End User

  • Composites Manufacturing
  • Paper Processing
  • Food and Beverage
  • Paints and Coatings
  • Medical and Pharmaceutical
  • Personal Care 

Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Rest of Europe 
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa 
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. 

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. 

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. 

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