Know More About Nanocellulose Market 2022-2030
Posted by Mrudula Anil Karmarkar on January 24th, 2023
The global nanocellulose market is expected to reach USD 1.52 billion by 2030, registering a CAGR of 20.0% during the forecast period, as per the new report by Grand View Research, Inc. The industry growth is majorly driven by the growing concerns regarding the environment and the use of non-toxic and biodegradable packaging material. This shifting trend is anticipated to augment demand for bio-based products which will propel the demand for the nanocellulose based products during the forecast period.
Nanocellulose has enormous potential for expansion in a variety of applications, including food packaging, composites, medicines, personal care, and others. However, the use of nanocellulose-based composites and paper processing has widened owing to its environmentally friendly properties.
Due to their physicochemical properties, cellulose nano fibrils are regarded as one of the greatest futuristic materials for the manufacture of textile products. These nano materials offer great stiffness, high strength, low coefficient of thermal expansion, chemical inertness, and the capacity to change their surface chemistry in addition to being renewable and naturally plentiful. Because of these features, manufacturers of textiles and nonwovens are mixing their traditional textiles with these Nano fibrils, propelling the nanocellulose market growth.
Additionally, CNC has the benefits of high strength, low density, high stiffness, biocompatibility, low thermal expansion coefficient, and renewable sources. Due to these benefits, nanocellulose application in composite materials has drawn more attention. Engineering plastics, biodegradable plastics, biomedical materials, water purification materials, and composites for electronic component applications are some of the major applications.
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The paper industry uses nanocellulose as a prominent sustainable nanomaterial additive owing to its high strength, strong oxygen barrier performance, low density, mechanical qualities, and biocompatibility among the available bio-based resources. Additionally, the construction of materials, aqueous coating, and others are some of the major uses of nanocellulose composite materials.
Nanocellulose Market Report Highlights
The pulp & paper business heavily utilizes nanocellulose as an ingredient to create light and white paper that further accelerates the market growth. Owing to its benign qualities it is used in healthcare applications such as biomedicines and personal hygiene products. Additionally, owing to its superior adsorption abilities, Nanocellulose is a suitable constituent for sanitary napkins and wound dressings. The market has been further stimulated by expanding product research activity.
List of Key players in the global Nanocellulose market include
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About the AuthorMrudula Anil Karmarkar
Joined: July 2nd, 2020
Articles Posted: 1,498
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