Nanocellulose Market Analysis

Nanocellulose Market Analysis

Nanocellulose market from the nanofibrillated cellulose segment exceeded USD 200 million in 2022. Nanofibrillated cellulose (NFC) has gained application across numerous industries such as oil & gas, food & beverages, aerospace, automotive, and personal care in recent years. The bio-based nanomaterial possesses exceptional properties including superior strength, rigidity, and transparency.
 

The usage of materials in nanocomposites has been aided by their excellent reinforcing capability. In situ polymerization, melt mixing, solvent casting, and electrospinning are a few of the key processes used to create NFC-based nanocomposites. Among of the distinctive characteristics that will encourage product acceptance across many commercial sectors are high specific surface area, relative simplicity of preparation, high yield, low weight, high strength, stiffness, and biodegradability.
 

Nanocellulose market from the food & beverages application is expected to observe gains at  nearly 24% till 2032. The material is used in the fiid & beverage sector as a flavor carrier, non-caloric food thickener, and suspension stabilizer. It is useful for producing fillings, crushes, chips, soups, gravies, wafers, puddings, etc. Nanocellulose also displays water vapor, oxygen, and gas/oil barrier properties that are useful for food packaging. The rheological behavior of the nanocellulose gel will augment product use in food & beverage sector.
 

The growing food & beverage sector in growing nations will be key contributers to the nanocellulose market. For instance, according to the India Brand Equity Foundation, the Indian F&B industry is anticipated to surpass USD 530 billion by 2026 and will showcase a CAGR of over 11% during this period. Initiatives by the local government, such as Make in India has further promoted investments in the sector. These trends are certain to make a positive impact on the nanocellulose industry, rendering an optimistic future outlook.

North America nanocellulose market is projected to register around 23.5% CAGR  up to to 2032. Nanocellulose is gaining significance in the building and construction sector. The material can improve the strength & environmental benefits of a host of products. Strong government investments targeted toward the modernization of public infrastructure should favor regional industry growth. Furthermore, consistent advancements in food & beverage, oil & gas, and paints & coatings, among others will elevate the application scope of nanocellulose in North America.