According to Publisher, the global nanocellulose market is expected to grow at a CAGR of 19.5% by 2022. The factors driving the market include rising requirement for sustainable products with better material science and emerging inventive nanocellulose applications. An additional factor that contributes to the impressive growth of nanocellulose market is the ability and structure of nanocellulose. However, low consumer awareness and shortage of commercial scale machineries and tools are the major restraints inhibiting the market growth.
Nanocellulose market is growing by the increasing demand for the end-user industries. Nano-fibrillated cellulose segment commanded the largest share of more than 40% of the global market in 2015 followed by nano-crystalline cellulose segment. Nano-crystalline cellulose market is strongly driven by its wide usage in packaging industry that exhibits its most demand. The strong economies such as Europe and North America are expected to preserve their top positions during the forecast period led by the demand for nanocellulose.
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Some of the key players in the market include American Process Inc., Axcelon Biopolymers Corporation, Borregard ASA, CelluForce Inc., Diacel Finechem Ltd., FPInnovations, Innventia AB, J. Rettenmaire & Sohne Gmbh (JRS), Kruger Inc., Melodea Ltd., NanoQuebec, Nippon Paper Industries Co., Ltd., Oji Holdings Corporation, OMYA Canada Inc., Sappi Ltd., Stora Enso Oyj, UPM-Kymmene Oyj, and VTT Technical Research Center.
-Bacterial Nanocellulose (BNC)
-Nanocrystalline Cellulose/Cellulose Nanocrystals (NCC/CNC)
-Rodlike Cellulose Microcrystals
-Microfibrilated & Nanofibrillated Cellulose (MFC & NFC)
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10 Company Profiling
10.1 American Process Inc.
10.2 Axcelon Biopolymers Corporation
10.3 Borregard ASA
10.4 CelluForce Inc.
10.5 Diacel Finechem Ltd.
10.7 Innventia AB
10.8 J. Rettenmaire & Sohne Gmbh (JRS)
10.9 Kruger Inc.
10.10 Melodea Ltd.
10.12 Nippon Paper Industries Co., Ltd.
10.13 Oji Holdings Corporation
10.14 OMYA Canada Inc.
10.15 Sappi Ltd.
10.16 Stora Enso Oyj
10.17 UPM-Kymmene Oyj
10.18 VTT Technical Research Center
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