CHICAGO, March 25, 2020 /PRNewswire/ -- According to the new market research report "Nanocellulose Market by Type (MFC & NFC, CNC/NCC, and Others), Application (Pulp&paper, composites, biomedical & pharmaceutical, electronics & sensors, and others), Region (Europe, North America, APAC, and Rest of World) - Global Forecast to 2025", published by MarketsandMarkets™, the Nanocellulose Market is expected to grow from USD 297 million in 2020 to USD 783 million by 2025, at a CAGR of 21.3%.
The major factors driving the nanocellulose market include growth in the sustainable products demand and increasing funding for nanocellulose R&D from government & private sectors of developed nations.
MFC & NFC is projected to lead the global nanocellulose market during the forecast period.
Based on type, the nanocellulose market has been segmented into three types, namely, MFC & NFC, CNC/NCC, and others. MFC & NFC is projected to lead the global nanocellulose market during the forecast period. The demand for MFC & NFC is the highest as they provide various advantages such as material efficiency, strength enhancement, lightweight and renewable barrier materials.
Pulp & paper applications accounted for the largest share in the overall nanocellulose market in 2019.
The nanocellulose market has been segmented based on application into five categories, namely, pulp & paper, composites, biomedical & pharmaceuticals, electronics & sensors, and others. Among these applications, the pulp & paper application accounted for the largest market share in 2019. Nanocellulose helps to increases the absorbency of several paper products and helps to cut down the overall production cost. This is driving the market for nanocellulose in the pulp & paper segment.
Europe is the largest market for nanocellulose. The competitive and diversified industrial sector is supporting the growth of the nanocellulose market in Europe. The increasing consumption of nanocellulose is also influenced by the excellent business environment and a strict regulatory framework of the region. The significant applications of nanocellulose in the region are pulp & paper and composites.
The major vendors in the nanocellulose market include Fiberlean technologies (UK), Borregard (Norway), Nippon Paper Industries (Japan), Celluforce INC (Canada), Kruger INC (Canada), Stora Enso (Finland), Rise Innventia (Sweden), American Process Inc. (US), FPInnovations (Canada), UPM-Kymmene Oyj (Finland), Melodea (Israel), Cellucomp (Scotland), Blue Goose Refineries (Canada), Oji Holdings Corporation (Japan), VTT (Finland), and Sappi (South Africa).
Microcrystalline Cellulose (MCC) Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care), Raw Material Source (Wood-based, Non-wood - based), and Region (North America, Europe, APAC, RoW) - Global Forecasts to 2024
Cellulose Fiber Market by Fiber Type [Natural Cellulose Fibers (Cotton, Jute & Others), Man-Made Cellulose Fibers (Viscose, Lyocell, Modal & Others), by Application (Apparel, Home Textile, Industrial, and Others) & by Region - Trends & Forecast to 2020
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.