What is the future of Nanocellulose Market? Know Covid Impact on Size, Share & Forecasts
June 12, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Nanocellulose Market.
It was estimated prior to this unanticipated outbreak that the Nanocellulose Market was expected to grow at CAGR of 18.1% by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Nanocellulose is a lightweight solid material procured from plant matter. It possesses the property of specific kinds of fluids or gels that are generally thick (viscous) in normal conditions. It is widely used in a range of applications from pharmaceuticals, food and medical industries, cleaning of oil spills to usage in children’s toys and can also replace some petrochemical-based products.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the product type, the market is segmented as microfibrillated cellulose & nanofibrillated cellulose, cellulose nanocrystal, and others. The microfibrillated cellulose & nanofibrillated cellulose segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Microfibrillated cellulose has the property to form strong entangled bonds which enables it to provide strong reinforcing potential for various applications.
Based on the application type, the nanocellulose market is segmented as pulp & paper, composites & packaging, biomedical & pharmaceuticals, electronics & sensors, and others. The pulp & paper segment dominates the market, whereas the electronics & sensors segment is estimated to be the fastest-growing segment during the forecast period, owing to the usage of nanocellulose as additives for making paper and produce stronger paper at lighter weight. In addition, increasing usage of sensors in industrial and other applications is majorly driving the growth of the segment.
In terms of regions, Europe is estimated to be large as well as fast growing nanocellulose market during the forecast period, owing to the increasing awareness concerning nanocellulose. This has led to the growing usage of nanocellulose in various applications, which is driving the region’s market.
Key Players:
Some of the major nanocellulose manufacturers are Innventia AB, American Process, FPInnovations, CelluForce, Stora Enso OYJ, and Kruger Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Nanocellulose Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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