Report Description
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.
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Scope
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 Players
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.
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