Nanocellulose Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast To 2030

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Nanocellulose Market Key Players, Growth, Share,
Demand Forecast By 2030
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Global Market Scenario of Nanocellulose Industry
The rising demand for technologically advanced
sustainable products across the globe is boosting
the nanocellulose market outlook. The growth
opportunities in the food and beverage sector
will influence the development in the industry.
Investments made in the oil and gas sector to
cater to the ever-increasing requirements will
drive the compounded demand. To follow the
current trends, additions are being made to
nanocellulose materials. The substance is known
for its qualities like lightweight, super-strong,
low density, high aspect ratio, and higher filler
content, making it favorable for use across
several sectors. The production of this material
requires high technological assistance and huge
machinery, due to which infrastructural expansion
is expected in the upcoming years. Reportedly,
the nanocellulose market size is anticipated to
surpass USD 2.4 billion by 2030. The COVID-19
outbreak has disrupted the growth of the market,
attributed to the significant volatility in oil
and gas prices across the globe. Lockdown
restrictions and reduction in manufacturing
activities have created a downfall. But with the
reduction in virus spread, things are coming back
to normal.
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Continue-
A few of the current market trends to look for
are discussed below. Applications in the food
and beverage segment The food industry is
witnessing an upsurge in demand for plant-based
products due to growing awareness. Sustainability
commitments toward the environment are making
companies and customers move to these products.
The trend has been on the rise since vegan diets
were adopted across the world. Nanocellulose
materials can be used in the production of food
items as they act as food stabilizers, suspension
stabilizers, dietary fibers, thickeners, and much
more. The substance is also used for food
packaging applications to replace synthetic
packaging barriers. The extension of shelf-life
of food products is easy with these packages. Due
to it being a renewable and sustainable material,
a rise in the usage of nanocellulose materials
will be experienced in the food and beverage
sector.
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Scope of nanocrystal cellulose across
domains Traditional lubricative additives used
in industries usually contain sulfur, phosphorus,
halogen, etc. However, cellulose nanocrystals are
non-toxic, biodegradable, and abundant in
cellulose which is widely used across industries.
Over the years, nanocrystals cellulose has been
studied and research shows that it is potentially
useful as an additive for oils and water. The
scope of the nanocellulose market is increasing
with the additions to its applications. For
instance, a study based on plant-derived
cellulose shows that nanocrystal composite can be
very hard. The research displayed that it could
soon be used as a dental implant or replace
plastic products in the near future.
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Competitive Analysis
Initiatives by nanocellulose companies for
expansion CelluForce, one of the commercial
producers of a form of cellulose nanocrystals,
completed the industrial scale-up trial of LDPE
packaging film last year. The film packaging is
claimed to be 100 recyclable and is known as
CelluForce NCC. TREX Company Inc. gave
certification to the thin film as fully
recyclable into composite decking. In another
instance, Kruger announced the completion of the
acquisition of Domtars pulp mill in Kamloops,
British Columbia. This collaboration will help
Kruger with high-quality pulp for its paper mills
and create a strong presence in British Columbia
as a major employer and essential products
provider. Nanocellulose market has strong
potential in paper processing and such industry
initiatives will bolster the consumption of the
compound over the next few years. Some of the
key companies in the nanocellulose market include
Nippon Paper Group Inc., J. Rettenmaire Sohne
GmBH (JRS), Melodea Ltd., CelluComp Ltd., Asahi
Kasei Corporation, Holmen AB, Oji Holdings
Corporation, and Stora Enso. Advancements in
technology will create robust opportunities from
end-users in the oil and gas, composites, and
personal care segments. Product development will
outline the boom in the market.
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