Nanocrystalline Cellulose Market Trend, Share, Growth, Size and Forecast 2030

The global Nanocrystalline Cellulose market size accrued earnings worth approximately USD 400.56 Million in 2022 and is predicted to gain revenue of about USD 1,994.37 Million by 2030, is set to record a CAGR of nearly 22.22% over the period from 2023 to 2030.

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Global Nanocrystalline Cellulose Market: Overview

Nanocrystalline cellulose possesses characteristics such as low toxicity, enhanced crystallinity, rheological properties, biocompatibility, biodegradability, and many more. Owing to these remarkable properties, nanocrystalline cellulose is being widely used in several end-user industries. Nanocrystalline cellulose is non-toxic and environment-friendly product as it is manufactured from recyclable and renewable resources.

Global Nanocrystalline Cellulose Market: Growth Factors

Nanocrystalline cellulose is majorly being used as a reinforcing agent for industrial composites owing to its low toxicity nature. A number of end-user industries such as paper processing, personal care, pharmaceuticals, composites manufacturing, food & beverage, paints & coatings are increasingly making use of nanocrystalline cellulose owing to its characteristics such as better film formation and mechanical strength, strong fiber networks, thus rising its demand in the global market. In the automotive sector, the nanocrystalline cellulose finds application in the manufacturing of automobile equipment such as headlamps, headliners, and cushions. In pharmaceutical and personal care industries, nanocrystalline cellulose is used as stabilizer and thickener. Even though the consumption rate is growing, high capital cost impedes the manufacturers to limit production. Another factor restricting the market growth is the availability of low-cost alternatives. To maintain the market competency manufacturers are procuring advanced technologies and intricate equipment.

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Nanocrystalline Cellulose Market: Report Scope

 Global Nanocrystalline Cellulose Market: Segmentation

Mainly, the global nanocrystalline cellulose market is segmented based on its end-users, which include paper processing, paints and coatings, personal care, composites manufacturing, food and beverage, and medical and pharmaceutical. The regional segregation of the market includes five main regions, such as Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa.

Global Nanocrystalline Cellulose Market: Regional Analysis

Majority of the market shares is anticipated to be held by North America and Europe. The demand graph for the nanocrystalline cellulose market in North America is growing at a swift rate. The rapid growth of the automotive industry in North America is giving a positive impact on the nanocrystalline cellulose market of the region. Increased adoption of lightweight composites in the automotive sector has given a good boost to the nanocrystalline cellulose business owing to its increased consumption. Asia Pacific nanocrystalline cellulose market anticipates registering a good growth rate in the upcoming years. Advancing markets of Asia Pacific, such as pharmaceutical, paper processing, personal care, and food and beverages are creating potential market opportunities for nanocrystalline cellulose.

Burgeoning automotive industry in Japan anticipates opening humungous opportunities to the Asia Pacific nanocrystalline cellulose manufacturers. In regions namely Latin America and the Middle East and Africa, applications of nanocrystalline cellulose are in oil and gas upstream operations and as viscosifier and rheology modifier in drilling muds. Thus market projects to have stable growth in the regions.

Global Nanocrystalline Cellulose Market: Competitive Players

Market players that are operating globally in the nanocrystalline cellulose market include

• CelluForce
• GranBio
• Melodea
• Borregaard
• CelluComp
• Fiber Lean
• NIPPON PAPER INDUSTRIES
• Kruger INC
• Blue
• Goose Refineries
• GranBio Technologies
• Stora Enso Biomaterials
• Norske Skog ASA
• The University of Maine
• Research Institutes of Sweden (RISE)
• Sappi Ltd
• and American process.

Global Nanocrystalline Cellulose Market: Segment Analysis

By Form

• Powder
• Liquid

By Source

• Softwood Pulp
• Hardwood Pulp

By Application

• Composites
• Personal Care
• Packaging
• Others

By Region

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.