Press Release

Paper Processing Sector to Emanate High Demand for Nanocrystalline Cellulose through 2024

Increasing demand for renewable and biodegradable natural materials to drive the growth of global nanocrystalline cellulose market through 2024

According to TechSci Research report, Global Nanocrystalline Cellulose Market By Type, By Source, By Grade, By Form,  By Application, By Region, Competition, Forecast & Opportunities, 2024, global nanocrystalline cellulose market is expected to grow at a formidable rate during the forecast period. Nanocrystalline cellulose is witnessing adoption in various industries on account of its high tensile strength, optical properties, flexibility, high aspect ratio, stiffness, chemical reactivity, non-toxicity, biodegradability and others. Moreover, increasing technological advancements, innovations in material science and nanotechnology, growth of personal care industries and focus on biodegradable packaging options are further fueling the demand for nanocrystalline cellulose, globally. However, cost of machinery, raw material, other substitute products and use of ordinary cellulose, are likely to hamper the growth of the market during forecast period.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on " Global Nanocrystalline Cellulose Market"

Global nanocrystalline cellulose market is segmented based on type, source, grade, form, application, region and company. Based on application, the market can be categorized into composites manufacturing, paper processing, food & beverage, paints & coatings, medical & pharmaceuticals, personal care and others. Paper processing sector is the largest end-user segment of nanocrystalline cellulose. This can be attributed to the high fiber bond strength, higher filler content and better optical properties of nanocrystalline cellulose.

Nippon Paper Industries Co., Ltd., Axcelon Biopolymers Corporation, Celluforce Inc. Diacel Finechem Ltd., American Process Inc, Innventia AB, Borregaard Asa, Asahi Kasei Corporation, Cellucomp Ltd., Sappi Ltd. and others are some of the leading players operating in global nanocrystalline cellulose market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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North America and Europe are the leaders in global nanocrystalline cellulose market. However, Asia-Pacific is expected to be the largest and fastest growing market for nanocrystalline cellulose by the end of the forecast period. Growth of nanocrystalline cellulose market in Asia-Pacific can be attributed to growing personal care, pharmaceutical, food & beverage and paper processing industries in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Nanocrystalline Cellulose Market By Type, By Source, By Grade, By Form,  By Application, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global nanocrystalline cellulose market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global nanocrystalline cellulose market.

About TechSci Research

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