Global Nanocrystalline Cellulose Market, By Form (Powder, Liquid), Grade (Industrial Grade, Food Grade, Pharmaceutical Grade), Application (Biomedical, Food Processing, Packaging, Optical Films, Composite Materials, Electronics, Body Armor, Battery, Bio Fuels, Others) - Industry Trends and Forecast to 2031.
Nanocrystalline Cellulose Market Analysis and Size
The nanocrystalline cellulose market has experienced significant growth in recent years, driven by a combination of factors, the usage of nanocrystalline cellulose materials is increasing in various applications, including paper processing, composites production, and biomedical. This can be primarily ascribed to its exceptional qualities, which include high tensile strength, low density, and good thermal stability. The large surface area of nanocrystalline cellulose is an important characteristic that allows it to interact effectively with surrounding components such as water, chemical molecules, and polymeric compounds.
Data Bridge Market Research analyzes that the global nanocrystalline cellulose market was valued at USD 928.3 million in 2023 and is expected to reach a value of USD 2,530.0 million by 2031, at a CAGR of 13.4% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Form (Powder, Liquid), Grade (Industrial Grade, Food Grade, Pharmaceutical Grade), Application (Biomedical, Food Processing, Packaging, Optical Films, Composite Materials, Electronics, Body Armor, Battery, Bio Fuels, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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UPM (Finland), CelluForce (Canada), American Process Inc (USA), Nippon Paper Industries Co. Ltd. (Japan), RISE Innventia AB (Sweden), Melodea Ltd (Israel), Oji Holdings Corporation (Japan), Stora Enso (Finland)
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Market Opportunities
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Market Definition
Nanocrystalline cellulose (NCC) is a type of cellulose material that is derived from wood pulp or other biomass sources. It is composed of cellulose nanocrystals, which are microscopic, rod-like particles with dimensions in the nanometer range. Nanocrystalline cellulose is known for its unique and desirable properties, including high strength, stiffness, and a large surface area.
Global Nanocrystalline Cellulose Market Dynamics
Driver
- Increasing Use of Sustainable and Renewable Material
The market for nanocrystalline cellulose is expanding due in large part to the growing need for renewable and sustainable resources. Industries are actively looking for substitutes that adhere to eco-friendly standards in an era characterized by increased environmental consciousness. These sustainability objectives are embodied by nanocrystalline cellulose, which is made from plant-based cellulose and provides a renewable resource base that may be used without exhausting limited supplies.
Opportunity
- Increasing Demand in End-user Industries
The nanocrystalline cellulose market is poised for significant growth due to the escalating demand within diverse end-user industries. This surge in demand serves as a distinct opportunity, fostering the widespread adoption of nanocrystalline cellulose across various sectors. Nanocrystalline celluslose in mostly used in packaging industry, where nanocrystalline cellulose is increasingly valued for its ability to enhance the mechanical properties and sustainability of packaging materials. As the demand for eco-friendly and functional packaging solutions intensifies, nanocrystalline cellulose emerges as a compelling choice.
Restraint/Challenge
- High Production Cost
High production costs stand as a significant restraint in the widespread adoption of nanocrystalline cellulose (NCC). The manufacturing processes involved in obtaining nanocrystalline cellulose, often through acid hydrolysis of cellulose sources, require advanced technologies and specialized equipment. These processes can be energy-intensive and demand precise control, contributing to elevated production expenses. The high costs associated with the production of NCC pose economic challenges, making it less competitive compared to conventional materials in various applications.
This nanocrystalline cellulose market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nanocrystalline cellulose market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In August 2023, Stora Enso announced the development of a new NCC-based packaging material for fresh food. This paper packaging material is designed to keep food fresher for extended periods of time, while reducing packaging waste
- In July 2023, UPM announced the development of a novel NCC-based composite for usage in automotive applications. This composite is likely to be lighter and stronger than standard composites
- In June 2022, Nippon Paper Industries Co., Ltd. announced the acquisition of Elopak ASA, a Norway-based firm that provides paper-based packaging solutions. This purchase is expected to help Nippon Paper Industries strengthen its position in the worldwide packaging industry, particularly in the development of NCC-based packaging products
Global Nanocrystalline Cellulose Market Scope
The nanocrystalline cellulose market is segmented on the basis of form, mushroom extract, caffeine content, packaging and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Liquid
- Powder
Grade
- Industrial Grade
- Pharmaceutical Grade
- Food Grade
Application
- Paper & Textile Manufacturing
- Personal Care
- Food & Beverage (F&B)
- Paper Processing
- Medicine
- Packaging
- Others
Global Nanocrystalline Cellulose Market Regional Analysis/Insights
The nanocrystalline cellulose market is analyzed and market size insights and trends are provided by form, grade and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and rest of Middle East and Africa.
Europe is fastest growing and is expected to dominate the market due to rising application of nancrystalline cellulose in various industries such as paper & pulp, paints & coating, and composites is expected to boost the market growth in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Nanocrystalline Cellulose Market Share Analysis
The nanocrystalline cellulose market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nanocrystalline cellulose market.
Some of the major players operating in the nanocrystalline cellulose market are:
- UPM (Finland)
- CelluForce (Canada)
- American Process Inc (U.S.)
- Nippon Paper Industries Co. Ltd. (Japan)
- RISE Innventia AB (Sweden)
- Melodea Ltd (Israel)
- Oji Holdings Corporation (Japan)
- Stora Enso (Finland)
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