Nanocrystalline Cellulose Market
PUBLISHED: 2023 ID: SMRC22586
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Nanocrystalline Cellulose Market

Nanocrystalline Cellulose Market Forecasts to 2028 - Global Analysis By Type (Bacterial Cellulose (BC), Nanofibrillated Cellulose (NFC), Nanocrystalline Cellulose (NCC), Microfibrillated Cellulose (MFC) and Other Types), Raw Material (Wood and Non Wood), Grade, Form, Source, Application and By Geography

4.8 (66 reviews)
4.8 (66 reviews)
Published: 2023 ID: SMRC22586

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $353.88 BN

Projected Year Value (2028)

US $1,056.68 BN

CAGR (2022 - 2028)

20.0%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Europe


According to Stratistics MRC, the Global Nanocrystalline Cellulose Market is accounted for $353.88 million in 2022 and is expected to reach $1,056.68 million by 2028 growing at a CAGR of 20.0% during the forecast period. Cellulose nanocrystals are unique nano materials derived from the most abundant and almost inexhaustible natural polymer, cellulose. They are a cellulose derivative that may be made by acid hydrolyzing cellulose. Nanocrystalline cellulose also known as cellulose nanowhiskers. They are needle-shaped cellulose particles. It is employed to stabilize nano particles with particular functionalities for certain applications. The high permeability of amorphous materials and the low losses of ferrite materials are combined in nanocrystalline materials. They exhibit greater potency, hardness, diffusivity, corrosion resistance, and fatigue resistance. It offers benefits including high strength, effective oxygen barrier, low density, mechanical attributes, and biocompatibility.

According to CEPI (Confederation of European Paper), paper and board consumption surged by 5.8% and production increased by 6.1% within the same period, while paper mill operating rates increased to 90.0% from 85.0% in 2020.



Market Dynamics:

Driver:

Raising demand for alternative products

Nanocellulose is added to give the product attributes including biodegradability, transparency, flexibility, high mechanical strength and stiffness, low toxicity, low weight, and barrier qualities. Because of its improved qualities, nanocrystalline cellulose can substitute petroleum-based packaging, metallic parts, and other non-renewable materials. These factors have positively impacted the growth of the market.

Restraint:

Strict regulations

Certain nation’s regulatory frameworks act as market inhibitors for nanocrystalline products. The market's expansion is being severely hampered by the ambiguous laws in different nations and the shifting rules on the many emerging economies.

Opportunity:

Growing interest in health issues

Due to growing public awareness of the risks that toxic chemical goods pose to human health and the environment, more attention is being paid to the product's manufacturing process. They are renewable and biodegradable in nature because cellulose nanocrystals are made from naturally existing cellulose fibers. Due to their reactive characteristics and tolerance to stomach acid, they offer a great deal of promise for application in diets. These elements are accelerating the market's expansion.

Threat:

Product standardization problems

Achieving product standards for nanocrystalline cellulose is still a process that businesses are going through. Cellulose material’s structure, surface characteristics, and functionality need to be better characterized. Maintaining good quality is difficult since these products are mass-produced. The market's expansion is being hampered by these factors.

Covid-19 Impact

The market for nanocrystalline cellulose stayed stable during the epidemic. The biological and pharmaceutical industries have experienced an upsurge in demand for nanocrystalline cellulose. Agricultural waste and nanocellulose-based materials from paper businesses contributed significantly to the availability of a wide range of cellulose-based goods for the general public and healthcare professionals. Shortages of personal protection equipment (PPE) increased demand of the market.

The nanofibrillated cellulose (NFC) segment is expected to be the largest during the forecast period

The nanofibrillated cellulose (NFC) segment is estimated to have a lucrative growth, due to easy availability and improved tensile properties. It is useful for a variety of commodities because to its diverse properties, including lighter basic mass, greater filler content, enhanced paper machine efficiency, and higher freeness. It’s high crystalline, greater purity, improved mechanical strength and antibacterial properties are driving the segment’s growth.

The paper & paperboard segment is expected to have the highest CAGR during the forecast period

The paper & paperboard segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its high strength and low density. They were successfully prepared from waste newspapers through a simple pre-treatment and hydrolysis process. It has a high value utilization of secondary fiber. Improved strength and durability are fuelling the segment’s growth.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to increased infrastructure projects. The usage of nanocellulose in the creation of functional food items has substantially benefited from American’s concern for their health. The region's expanding food and beverage, oil and gas, paints & coatings, construction, and other businesses, together with significant government investments are driving up market demand.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the growing demand for pulp and paper. Europe is anticipated to be the largest consumer of nanocellulose due to its high consumption potential, rising manufacturing capacity, rising economic development rate, growing need for lightweight passenger cars, desire for environmentally friendly food and beverage packaging and restrictions on single-use plastic packaging.



Key players in the market

Some of the key players profiled in the Nanocrystalline Cellulose Market include NIPPON PAPER INDUSTRIES CO LTD, Stora Enso Biomaterials, Kruger INC, CelluForce, CelluComp, FiberLean Technologies, Melodea Ltd, Borregaard AS, Axcelon Biopolymers Corporation, GranBio Technologies, Chuetsu Pulp and Paper Co, Blue Goose Refineries, Daicel Finechem Ltd, Norske Skog ASA, Sappi Ltd, University of Maine, Oji Holdings Corporation, American Process Inc, UPM and RISE Innventia AB.

Key Developments:

In February 2023, FiberLean.com launched an entirely new website featuring innovative, productive, and game-changing advantages from their scalable MFC (micro-fibrillated cellulose) Modules. The site showcases a portfolio of unique formulations, equipment, and knows how to convert brown board grades to White Top without spending millions.

In February 2023, Nippon Paper Industries Co., Ltd announced the establishment of a manufacturing and sales subsidiary in Hungary for CMC (carboxymethyl cellulose, product name: SUNROSE MAC®), which is one of the materials used for lithium-ion battery (LiB) anodes in electric vehicles (EV), to join its rapidly growing supply chain system in Europe.

In September 2020, CelluForce announced the signature of a commercial agreement that will generate multi-million-dollar sales over 10 years. The deal, signed with a multinational company in the cosmetics sector, will require the construction of a new, larger-capacity plant in the near future. Under the terms of the agreement, the multinational customer is granted a worldwide exclusivity for the commercialization of CNC-based cosmetics products.

Types Covered:
• Bacterial Cellulose (BC)
• Nanofibrillated Cellulose (NFC)
• Nanocrystalline Cellulose (NCC)
• Microfibrillated Cellulose (MFC)
• Other Types

Raw Materials Covered:
• Wood
• Non Wood

Grades Covered:
• Industrial Grade Nanocrystalline Cellulose
• Pharmaceutical Grade Nanocrystalline Cellulose
• Food Grade Nanocrystalline Cellulose

Forms Covered:
• Liquid
• Powder

Sources Covered:
• Hardwood Pulp
• Softwood Pulp

Applications Covered:
• Composites
• Pharmaceuticals
• Paper & Paperboard
• Electronics
• Food & Beverages
• Paints & Coatings
• Textiles & Nonwovens
• Cosmetics & Toiletries
• Filter Materials
• Oil & Gas
• Packaging
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Nanocrystalline Cellulose Market, By Type
5.1 Introduction
5.2 Bacterial Cellulose (BC)
5.3 Nanofibrillated Cellulose (NFC)
5.4 Nanocrystalline Cellulose (NCC)
5.5 Microfibrillated Cellulose (MFC)
5.6 Other Types

6 Global Nanocrystalline Cellulose Market, By Raw Material
6.1 Introduction
6.2 Wood
6.3 Non Wood

7 Global Nanocrystalline Cellulose Market, By Grade
7.1 Introduction
7.2 Industrial Grade Nanocrystalline Cellulose
7.3 Pharmaceutical Grade Nanocrystalline Cellulose
7.4 Food Grade Nanocrystalline Cellulose

8 Global Nanocrystalline Cellulose Market, By Form
8.1 Introduction
8.2 Liquid
8.3 Powder

9 Global Nanocrystalline Cellulose Market, By Source
9.1 Introduction
9.2 Hardwood Pulp
9.3 Softwood Pulp

10 Global Nanocrystalline Cellulose Market, By Application
10.1 Introduction
10.2 Composites
10.3 Pharmaceuticals
10.4 Paper & Paperboard
10.5 Electronics
10.6 Food & Beverages
10.7 Paints & Coatings
10.8 Textiles & Nonwovens
10.9 Cosmetics & Toiletries
10.10 Filter Materials
10.11 Oil & Gas
10.12 Packaging
10.13 Other Applications

11 Global Nanocrystalline Cellulose Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 NIPPON PAPER INDUSTRIES CO LTD
13.2 Stora Enso Biomaterials
13.3 Kruger INC
13.4 CelluForce
13.5 CelluComp
13.6 FiberLean Technologies
13.7 Melodea Ltd
13.8 Borregaard AS
13.9 Axcelon Biopolymers Corporation
13.10 GranBio Technologies
13.11 Chuetsu Pulp and Paper Co
13.12 Blue Goose Refineries
13.13 Daicel Finechem Ltd
13.14 Norske Skog ASA
13.15 Sappi Ltd
13.16 University of Maine
13.17 Oji Holdings Corporation
13.18 American Process Inc
13.19 UPM
13.20 RISE Innventia AB

List of Tables
1 Global Nanocrystalline Cellulose Market Outlook, By Region (2020-2028) ($MN)
2 Global Nanocrystalline Cellulose Market Outlook, By Type (2020-2028) ($MN)
3 Global Nanocrystalline Cellulose Market Outlook, By Bacterial Cellulose (BC) (2020-2028) ($MN)
4 Global Nanocrystalline Cellulose Market Outlook, By Nanofibrillated Cellulose (NFC) (2020-2028) ($MN)
5 Global Nanocrystalline Cellulose Market Outlook, By Nanocrystalline Cellulose (NCC) (2020-2028) ($MN)
6 Global Nanocrystalline Cellulose Market Outlook, By Microfibrillated Cellulose (MFC) (2020-2028) ($MN)
7 Global Nanocrystalline Cellulose Market Outlook, By Other Types (2020-2028) ($MN)
8 Global Nanocrystalline Cellulose Market Outlook, By Raw Material (2020-2028) ($MN)
9 Global Nanocrystalline Cellulose Market Outlook, By Wood (2020-2028) ($MN)
10 Global Nanocrystalline Cellulose Market Outlook, By Non Wood (2020-2028) ($MN)
11 Global Nanocrystalline Cellulose Market Outlook, By Grade (2020-2028) ($MN)
12 Global Nanocrystalline Cellulose Market Outlook, By Industrial Grade Nanocrystalline Cellulose (2020-2028) ($MN)
13 Global Nanocrystalline Cellulose Market Outlook, By Pharmaceutical Grade Nanocrystalline Cellulose (2020-2028) ($MN)
14 Global Nanocrystalline Cellulose Market Outlook, By Food Grade Nanocrystalline Cellulose (2020-2028) ($MN)
15 Global Nanocrystalline Cellulose Market Outlook, By Form (2020-2028) ($MN)
16 Global Nanocrystalline Cellulose Market Outlook, By Liquid (2020-2028) ($MN)
17 Global Nanocrystalline Cellulose Market Outlook, By Powder (2020-2028) ($MN)
18 Global Nanocrystalline Cellulose Market Outlook, By Source (2020-2028) ($MN)
19 Global Nanocrystalline Cellulose Market Outlook, By Hardwood Pulp (2020-2028) ($MN)
20 Global Nanocrystalline Cellulose Market Outlook, By Softwood Pulp (2020-2028) ($MN)
21 Global Nanocrystalline Cellulose Market Outlook, By Application (2020-2028) ($MN)
22 Global Nanocrystalline Cellulose Market Outlook, By Composites (2020-2028) ($MN)
23 Global Nanocrystalline Cellulose Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
24 Global Nanocrystalline Cellulose Market Outlook, By Paper & Paperboard (2020-2028) ($MN)
25 Global Nanocrystalline Cellulose Market Outlook, By Electronics (2020-2028) ($MN)
26 Global Nanocrystalline Cellulose Market Outlook, By Food & Beverages (2020-2028) ($MN)
27 Global Nanocrystalline Cellulose Market Outlook, By Paints & Coatings (2020-2028) ($MN)
28 Global Nanocrystalline Cellulose Market Outlook, By Textiles & Nonwovens (2020-2028) ($MN)
29 Global Nanocrystalline Cellulose Market Outlook, By Cosmetics & Toiletries (2020-2028) ($MN)
30 Global Nanocrystalline Cellulose Market Outlook, By Filter Materials (2020-2028) ($MN)
31 Global Nanocrystalline Cellulose Market Outlook, By Oil & Gas (2020-2028) ($MN)
32 Global Nanocrystalline Cellulose Market Outlook, By Packaging (2020-2028) ($MN)
33 Global Nanocrystalline Cellulose Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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