Nanocrystalline Cellulose Market Trends, Opportunities, and Forecast by 2031

MARKET INTRODUCTION

Nanocrystalline Cellulose (NCC) is a type of nanocellulose that is formed when nanocellulose is obtained from an acid hydrolysis process that results in the production of crystalline nanoparticles with a size of between 100 and 1000 nanometres. The raw material used to obtain NCC consists primarily of wood pulp. NCC exhibits excellent properties such as non-toxic, high tensile strength, high raw material availability, lightweight, etc., which are increasingly preferred in various applications.

MARKET DYNAMICS

Nanocrystalline cellulose is becoming increasingly popular and is used across industries such as commercial packaging, food and beverage, personal care, pharmaceuticals, manufacturing, and paper processing, among others. Due to the growth of the food and beverage industry, the market for ready-to-eat items and the adoption of a sedentary lifestyle has increased. The growth in the food and beverage industry generates demand for packaging due to an increase in the number of packages and containers needed for the packaging of the items. NCC is used as a packaging material because of its favorable properties, with the added benefit of being fully biodegradable. Growing government regulations to curb the use of plastics in packaging provides an excellent opportunity for the NCC to be adopted in the industry. NCC is also used in the manufacture of reinforced materials and composites as the addition of NCC to other materials greatly enhances the raw material properties in terms of strength, non-toxicity, and reduced weight. These composites are heavily used in the automotive industry, such as headlamps, cushions, liners, etc. Growth in the automotive sector is growing the market for NCC. Thus all these factors are expected to positively impact the demand in the market.

MARKET SCOPE

The "Global Nanocrystalline cellulose Market Analysis to 2031" is a specialized and in-depth study of the Chemical and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nanocrystalline cellulose market with detailed market segmentation by type, application, and geography. The global nanocrystalline cellulose market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading nanocrystalline cellulose market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global nanocrystalline cellulose market is segmented on the basis of type and application. On the basis of type the global nanocrystalline cellulose market is segmented into nanofibrillated cellulose ,nanocrystalline cellulose, and bacterial nanocellulose. Based on application the global nanocrystalline cellulose market is segmented into composites, paper processing, food & beverages, paints & coatings, oil & gas, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global nanocrystalline cellulose market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The nanocrystalline cellulose market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the nanocrystalline cellulose market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nanocrystalline cellulose market in these regions.

MARKET PLAYERS

The reports cover key developments in the nanocrystalline cellulose market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from nanocrystalline cellulose market are anticipated to lucrative growth opportunities in the future with the rising demand for nanocrystalline cellulose in the global market. Below mentioned is the list of few companies engaged in the nanocrystalline cellulose market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nanocrystalline cellulose market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- American Process
- Axcelon Biopolymers
- Borregaard
- Celluforce
- DIACEL FINECHEM
- Melodea
- Nippon Paper Industries
- Oji Paper
- Paperlogic
- The US Forest Service

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Nanocrystalline Cellulose Report Scope