Global Nanocellulose Market 2021-2028: Expected to Grow at a CAGR of 18.21% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Nanocellulose Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global market for nanocellulose is expected to witness growth at a CAGR of 18.21% over the estimated period 2021-2028.

The excellent properties of nanocellulose is a major factor that is driving the growth of the nanocellulose market globally. Nanocellulose provides exceptional thermal, structural, and mechanical properties, which has led to its use for multiple purposes, including paints and coatings, paper processing, and cosmetics.

Additionally, the surge in the adoption of flexible aids is opening multiple opportunities for the studied market during the considered years 2021-2028. However, the absence of buyer awareness and financial hurdles are aspects that are significantly weighing down the nanocellulose market's progress.

REGIONAL OUTLOOK

The global nanocellulose market covers the regions of North America, Asia-Pacific, Latin America, Europe, and Middle East and Africa.

Globally, Asia-Pacific is expected to become the fastest-evolving market for nanocellulose during the projected phase of 2021-2028. Over the years, there has been a significant increase in the production activities of cellulose nanomaterials in the region. Moreover, several companies in the region are concentrating on research and development activities for carrying out mass-scale production. For instance, Japanese companies are conducting research on nanocellulose for several years, with major development focused on chemically modified fibrils. Hence, these factors indicate the strong growth of the nanocellulose market in the APAC region.

COMPETITIVE OUTLOOK

The well-known companies thriving in this market are Axcelon Biopolymers Corporation, Daicel FineChem Ltd, Chuetsu Pulp & Paper Co Ltd, American Process Inc, Melodea Ltd, Oji Holdings Corporation, Borregard, Fiberlean Technologies, CelluComp, CelluForce, University Of Maine, Norse Skog AG, Nippon Paper Industries Co Ltd, RISE Innventia AB, and Sappi Ltd.

Axcelon Biopolymers Corporation is a biomaterial company that concentrates on leveraging its bacterial nanocellulose technology to enhance bacterial cellulose-based medical devices for wound care procedures. Its business segments include Axcelon Derma care, Biomedical, and Biomaterial. The company primarily concentrates on producing new and cost-effective bacterial cellulose-based products for the biomedical device industry and non-medical industrial purposes. The company caters to its vast client base in several regions, such as North America, Asia-Pacific, and Middle East and Africa.

Key Topics Covered:

1. Global Nanocellulose Market - Summary

2. Industry Outlook

2.1. Market Definition

2.2. Key Insights

2.2.1. Asia-Pacific is Most Promising Regional Market

2.2.2. Bacterial Cellulose (BC) is Expected to Grow With Highest CAGR

2.2.3. Japan is Leading Overall Market

2.2.4. Demand for Usage of Bacterial Cellulose in Packaging

2.3. Porter's Five Forces Analysis

2.3.1. Threat of New Entrants

2.3.2. Threat of Substitute

2.3.3. Bargaining Power of Suppliers

2.3.4. Bargaining Power of Buyers

2.3.5. Threat of Competitive Rivalry

2.4. Market Attractiveness Index

2.5. Vendor Scorecard

2.6. Market Drivers

2.6.1. Excellent Properties of Nanocellulose

2.7. Market Restraints

2.7.1. Financial Hurdles Delaying Market Growth

2.7.2. Absence of Buyer Awareness

2.8. Market Opportunities

2.8.1. Surge in Adoption of Flexible Aids

2.9. Impact of COVID-19 on Nanocellulose Market

3. Global Nanocellulose Market Outlook - by Product

3.1. Nanofibrillated Cellulose (NFC)

3.2. Nanocrystalline Cellulose (NCC)

3.3. Bacterial Cellulose (BC)

3.4. Microfibrillated Cellulose (MFC)

3.5. Other Product Types

4. Global Nanocellulose Market Outlook - by End-User

4.1. Paper Processing

4.2. Paints & Coatings

4.3. Oil and Gas

4.4. Food & Beverage

4.5. Composites

4.6. Pharmaceuticals and Cosmetics

4.7. Other End-Users

5. Global Nanocellulose Market - Regional Outlook

5.1. North America

5.1.1. Market by Product

5.1.2. Market by End-User

5.1.3. Country Analysis

5.1.3.1. United States

5.1.3.2. Canada

5.2. Europe

5.2.1. Market by Product

5.2.2. Market by End-User

5.2.3. Country Analysis

5.2.3.1. United Kingdom

5.2.3.2. Germany

5.2.3.3. France

5.2.3.4. Sweden

5.2.3.5. Finland

5.2.3.6. Norway

5.2.3.7. Russia

5.2.3.8. Rest of Europe

5.3. Asia-Pacific

5.3.1. Market by Product

5.3.2. Market by End-User

5.3.3. Country Analysis

5.3.3.1. China

5.3.3.2. Japan

5.3.3.3. South Korea

5.3.3.4. Thailand

5.3.3.5. Australia & New Zealand

5.3.3.6. Rest of Asia-Pacific

5.4. Latin America

5.4.1. Market by Product

5.4.2. Market by End-User

5.4.3. Country Analysis

5.4.3.1. Brazil

5.4.3.2. Rest of Latin America

5.5. Middle East and Africa

5.5.1. Market by Product

5.5.2. Market by End-User

5.5.3. Country Analysis

5.5.3.1. Israel

5.5.3.2. South Africa

5.5.3.3. Rest of Middle East & Africa

6. Competitive Landscape

6.1. American Process Inc

6.2. Axcelon Biopolymers Corporation

6.3. Borregard

6.4. Cellucomp

6.5. Celluforce

6.6. Chuetsu Pulp & Paper Co Ltd

6.7. Daicel Finechem Ltd

6.8. Fiberlean Technologies

6.9. Melodea Ltd

6.10. Nippon Paper Industries Co Ltd

6.11. Norse Skog AG

6.12. OJI Holdings Corporation

6.13. Rise Innventia Ab

6.14. Sappi Ltd

6.15. University of Maine

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