The nanocellulose market is anticipated to increase from USD 0.4 billion in 2022 to USD 2.0 billion by 2030, at a CAGR of 21.9%. Significant drivers of the global nanocellulose market include expansion in various applications, escalating environmental concerns, and rising consumer desire for more sustainable goods.
According to type report, the MFC & NFC segment is anticipated to increase quickly throughout the projection period. MFC can be utilised in fiber-based materials, water-based solutions and dispersions, and other products like composites, hydrogels, and concrete.
The raw material with the highest expected CAGR during the forecast period is wood. Wood-based nanocelluloses are used in wastewater treatment, adhesives, and newly created nanocomposites, therefore the market is anticipated to increase significantly over the coming years.
According to application, it is predicted that the composite will experience the fastest growth during the forecast period. Nanocellulose-reinforced composite materials are utilised in the design of interiors in the automobile and aerospace industries, for example, to reduce weight and enhance material performance.
The nanocellulose market is anticipated to grow at the greatest CAGR in Europe between 2022 and 2030. One of the major markets for nanocellulose is Europe. The demand for nanocellulose in the region is expanding due to demand from numerous applications, including paper & pulp and composites.
The nanocellulose market report is dominated by players such as Fiberlean Technologies (UK), Borregaard (Norway), Nippon Paper Group (Japan), Celluforce (Canada), Kruger Inc. (Canada), Stora Enso (Finland), RISE Innventia (Sweden), American Process Inc. (U.S.), FPInnovations (Canada), UPM (Finland) and others. The report on the global nanocellulose market is comprehensively prepared with a primary focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It sheds light on crucial production, revenue, and consumption trends so that players can improve their sales and growth in the Global nanocellulose Market.
With deep quantitative and qualitative analysis, the report provides an encyclopedic and accurate research study on essential aspects of the global nanocellulose market. It brings to light key factors affecting the growth of different segments and regions in the global nanocellulose market. It also offers SWOT, Porter’s Five Forces, and PESTLE analysis to thoroughly examine the global nanocellulose market. It gives a detailed study of manufacturing cost, upstream and downstream buyers, distributors, marketing strategy, and marketing channel development trends of the global nanocellulose market.
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