Nanocellulose is a material comprised of nano-sized cellulose fibrils with a high length to width ratio. The distinctive dimensions range from 5 to 20 nm to severe micrometers. Naturally, it is pseudo-plastic and presents properties of the gel & viscous liquid at normal conditions, but when fomented, become less viscous and can flow as well, which is known as thixotropy. Due to this property, nanocellulose is used in wide number of applications. They possess exceptional properties such as lightweight, transparency, superior strength, and rigidity, among others that makes them viable for many commercial applications across composites, automotive, aerospace, oil & gas, food & beverage, and personal care industries.
Referring to study, “Nanocellulose Market by Type, Application and Country - Asia-Pacific Industry Analysis and Forecast to 2025” some of the key players operating in the Asian-Pacfic nanocellulose market are Imerys, American Process Inc., Borregaard Chemcell, Kruger Inc., Daio Paper Corporation, Daicel Corporation, Chuetsu Pulp & Paper Co. Ltd., Ashai Kasei Chemicals Corporation, Innventia AB, Stora Enso Ltd., Kruger Inc. The leading players are undertaking agreements & expansions for improving their shares in the market. The players also prolonged their plant capacities to increase their production capacities and meet the mounting demand for nanocellulose in new applications.
Based on manufacturing technology, Asian-Pacfic nanocellulose market is segregated as high-pressure homogenization or Brown’s mass manufacturing method and acid hydrolysis. In addition, based on application, market is segregated as paper & pulp, biomedical applications, petroleum & oil industry, construction, coatings & films, aerogels & composites and rheological modification applications.
The Asian-Pacfic nanocellulose market is driven by extensive research & development (R&D) activities on the global level, followed by price rise, scarcity of petroleum & synthetic chemical materials, increase in resource constraints shifting gradually towards market demand for bio-based products, rise in health concern and technological advancements in the manufacturing processes. However, lack of technological advancements in certain regions of the world and high cost of R&D may impact the market.
Based on geography, the Asian-Pacific region is segmented as China, Japan, India and others. it is projected that future of Asian-Pacfic nanocellulose market will be bright owing to increase in awareness concerning nanocellulose, rise in usage of nanocellulose in various applications, growth in population, increase in per capita disposable incomes, increase in use of sustainable products with better material science and growth in number of industries paper, oil & gas, food, pharmaceutical, cosmetics, electric, and electronics during the forecast period. Additionally, Japan, China, and Korea are some of the foremost markets for the beauty and cosmetics industry in the Asian-Pacific region. The rising awareness for health, wellness & beauty, coupled with the increasing use of nanocellulose as composite coating agent in the cosmetics for hair, nails, eyebrows, or eyelashes are further supporting the growth of market in the region. it is also estimated that Asia-Pacific nanocellulose market will be reached at US $196.82 million in 2025, growing at a 2019-2025 CAGR of 26.80% driven by quick adoption of various nanocellulose products for magnitude of applications during the forecast period.
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Ankur Gupta, Head Marketing & Communications