Nano Cellulose Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Nano-Cellulose Market is Segmented By Product Type (Nano Fibrillated Cellulose, Nano Bacterial Cellulose, Nano Crystalline Cellulose), By Application Type (Food and Beverage Industry, Packaging Industry, Oil and gas industry, Electronics Industry, Paper processing Industry, Composites, Paints and coatings industry, Electronics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

Nano-Cellulose Market is estimated to grow at a CAGR of 24.3% during the forecast period 2024-2031

• Nano-cellulose is a material that is comprised of nano-sized cellulose fibrils. It is a pseudo-plastic and exhibits thixotropic behavior derived from wood fibers by an acid hydrolysis process which results in the formation of highly crystalline and rigid nano-fibers.

• Nano-cellulose is widely preferred for its enhanced mechanical, thermal, and structural properties. Other features such as high aspect ratio, biodegradability, low density, and homogeneity make nano-cellulose capable of being used in a wide range of application areas.

Nano-cellulose Market Summary

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Nano-cellulose Market Dynamics and Trends

• Stringent regulations on packaging materials, demand for petrochemical products, unstable prices of petrochemicals, abundant availability of raw materials, extensive investments in Nano-cellulose products, and the novel properties of Nano-cellulose are some of the salient factors responsible for the growth of the global Nano-cellulose market.

• Petrochemicals, which turn oil and gas into daily-use products such as plastics, fertilizers, packaging material, and others are crucial to modern society. Petrochemicals consume 14% of the daily global oil use and 8% of gas.

• International Energy Agency (IEA) predicts that the demand for petrochemical products will grow by 30% by 2030 and 60% by 2050.

• Moreover, the global oil demand in 2018 was 6.9mb/d and is expected to reach 104.7mb/d by 2023. Thus, a need for substituting this demand for petrochemical products would drive the market for Nano-cellulose.

• Additionally, the cost of Brent crude oil in 2014 was USD 99, and it decreased to USD 52 in 2015 and continued to decline until 2016 to USD 43 per barrel finally settling at USD 71 in 2018.

• These fluctuations in oil prices have demanded to find of alternative solutions for petrochemical products, and thus, the demand for Nano-cellulose is expected to increase in the future.

• The high cost of R&D activities, lack of technological advancements, a dearth of awareness about nano-cellulose in developing economies of the world, and regulatory concerns are the critical aspects hindering the global nano-cellulose market.

• Although most of the nano-cellulose materials are non-toxic, there have been reports of Nano-cellulose exhibiting toxic behavior.

• At high concentrations, crystalline nano-cellulose is said to induce inflammatory effects on the human lungs. Thus, governments are imposing stringent norms on the usage of nano-cellulose-based products, and this is one of the crucial factors hampering the growth of the global nano-cellulose market.

Nano-cellulose Industry Segmentation Analysis

• The Global Nano-cellulose market has been segmented by product type, application, and geography.

• The global Nano-cellulose market has been segmented based on the type of product as Nano fibrillated Cellulose, Nano-crystalline cellulose, and Nano-bacterial cellulose.

• Nano-fibrillated cellulose currently dominates the segment owing to its potential use in the paper and pulp industry. According to the Technical Association for Paper and Pulp Industry (TAPPI), the demand for paper has recently exceeded 400 million metric tons, and the global average is 55 kilograms per person.

• This increasing demand from the paper and pulp industry is set to drive the Nano-fibrillated cellulose segment as the dominant segment of this market.

• Based on the industrial application, the market is segmented as the food and beverage industry, packaging industry, Oil and gas industry, electronics industry, paper processing industry, composites, paints, and coatings industry, electronics, and others.

• Being biodegradable, light in weight, and chemically anisotropic, Nano cellulose is the perfect material for producing biocompatible and eco-friendly packaging materials. According to TAPPI, the global estimate for Nano cellulose in the packaging industry was 5278 metric tons in 2017 which was the highest among all the application areas.

• Owing to this, the food and packaging segment dominates the application segment of the global Nano-cellulose market.

Global Nano-cellulose Market Geographical Share

• The Global Nano-cellulose market is segmented into North America, South America, Europe, Asia – Pacific, and the Rest of the World(ROW).

• The US is the largest manufacturer and consumer of Nano-cellulose in the North American region. The US market potential for high-volume applications of Nano-cellulose is 6 million tons in the packaging industry occupies the highest share of 2 million metric tons owing to the growing packaging industry and technological advancements in this region.

• Thus, the US dominates the list in the global Nano cellulose market.

Nano-Cellulose Companies and Competitive Landscape

• The report profiles the following companies – Innventia, American Process Inc, FP Innovations, Celluforce, Stora Enso, Kruger, Daicel Fine Chem, Borregard, Nippon Paper, UPM Kymmene, Melodea, Sappi Ltd, Kasei Corporation, J Rettenmaier & Sohne GmbH, Oji Holdings Corp and Daio Paper Corp.

• The major players in this market incorporate competitive strategies like mergers and acquisitions to retain their position in the market and also contribute to the growth of their companies.

• For instance, in November 2018, Asahi Kasei acquired Erickson Framing Operations LLC, a US company offering homebuilder prefabricated building products. Similarly, in September 2018, Asahi Kasei completed its acquisition of Sage Automotive Interiors.

• Moreover, in February 2018, Melodea Ltd partnered with Brazilian forestry giant Klabin to take a step forward in the commercialization of next-generation safe and renewable industrial Nano-crystalline cellulose products.

• New product launches and expansion of facilities are some other essential strategies adopted by most companies to contribute to the growth of the company and improve their market growth rate.

• For instance, in October 2018, Sappi Ltd launched Verve, a dissolving wood pulp brand to strengthen its leadership in the dissolving wood pulp market.

• Further, in March 2018, Oji Holdings announced the development of new material by combining polycarbonate with cellulose Nano-fiber which possesses high elastic modulus and low thermal expansion than those of conventional materials.

The scope of the Report

• The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.

• Based on the product type, the market is segmented as – Nano-crystalline cellulose, Nano fibrillated cellulose, and Nano Bacterial Cellulose.

• Based on the application, the market is segmented into food and beverage, packaging story, Oil and, electronics, paper processingstry, composites, paints, coats try, electronics, and others.

• Based on geography, the market is segmented into the following regions – North America, South America, Asia-Pacific, Europe, and the Rest of the World.