Nanocellulose market is estimated to grow at a CAGR of up to 22% over the forecast period i.e. 2022-2030.
New York City, New York, USA, October 31, 2022 /EIN Presswire.com/ — Research Nester says, “Nanocellulose market: Global Demand Analysis and Opportunity Outlook 2030” provides an in-depth overview of the global nanocellulose market in terms of market segmentation by type, end-use, and region.
Additionally, for in-depth analysis, the report includes industry growth indicators, restraints, and demand and supply risks along with in-depth discussion of current and future market trends related to market growth.
The global nanocellulose market is estimated to grow at a CAGR of up to 22% over the forecast period i.e. 2022-2030. Among them, nano fibrillated cellulose (NFC) segment such as fibrillated cellulose (MFC) is expected to acquire the largest share in the market during the forecast period. Segment growth can be attributed to the easy availability, porous network, large surface area and high tensile strength of the fibers.
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The global nanocellulose market is estimated to grow on the back of increasing demand for nanocellulose fibers for various end-user industries such as pulp and paper and pharmaceuticals. Because nanocellulose is derived from natural plant products, it is environmentally friendly and biodegradable. Additionally, they add significant flexibility and tensile strength to polymers and are expected to be in greater demand than plastics. Rising environmental awareness among people is estimated to primarily drive the growth of the market.
Based on geographical analysis, the global nanocellulose market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, Middle East & Africa regions. The Asia-Pacific market is estimated to witness notable growth during the forecast period on the back of the growing pulp and paper industry in the region. The main applications of nanocellulose are pulp and paper, followed by composites. Countries such as China and India have large pulp and paper industries due to the easy availability of raw materials, which is estimated to boost the growth of the regional market.
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The study is global in nature, covering in-depth analyzes of the markets in North America (USA, Canada), Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxembourg, NORDIC) [Finland, Sweden, Norway, Denmark]Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand), Others Asia Pacific), Middle East and Africa (Israel, GCC) [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, the rest of the Middle East and Africa). In addition, analyzes including market size, year-over-year growth and opportunity analysis, competitive survey of market players, investment opportunities, demand for future outlook, etc. are also covered and presented in the research report.
Growing environmental awareness to boost market growth
Nanocellulose is derived from natural cellulose sources such as wood, which is biodegradable. Nanocellulose fibers are widely used in the manufacture of biomedical products that used to use rubber and plastic. Growing concerns about environmental damage caused by plastics is a major growth driver of the market.
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However, lack of awareness and intense competition from substitutes are expected to act as major restraints to the growth of the global nanocellulose market during the forecast period.
The report also presents existing competitive scenarios for some of the key players in the global nanocellulose market, including company profiling of Nippon Paper Industries Co., Ltd., Södra Skogsägarna, Fiberlean technologies, Kruger Inc., Borregaard, Celluforce Inc., and Oji Holdings. provide. Corporation, Stora Enso Biomaterials, Yara International ASA, Sappi Limited, etc. Profiling contains key information about the company, including business overview, products and services, key financials, and recent news and developments. Overall, the report presents a detailed overview of the global nanocellulose market and includes industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for potential, and other stakeholders. helps marketers adjust their market-centric strategies according to ongoing and expected trends in the future.
For more information on the analysis of this report, please visit: https://www.researchnester.com/reports/nanocello-market/3576
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