Bharat Book Bureau Provides the Trending Market Research Report on “Global Nanocellulose Market 2021-2028”under Biotechnology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
The Global Nanocellulose Market: for would witness growth at a CAGR of 18.21% over the estimated period 2021-2028.
The excellent properties of nanocellulose is a major factor that is driving the growth of the nanocellulose market globally. Nanocellulose provides exceptional thermal, structural, and mechanical properties, which has led to its use for multiple purposes, including paints and coatings, paper processing, and cosmetics. Additionally, the surge in the adoption of flexible aids is opening multiple opportunities for the studied market during the considered years 2021-2028. However, the absence of buyer awareness and financial hurdles are aspects that are significantly weighing down the nanocellulose market’s progress.
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The global nanocellulose market covers the regions of North America, Asia-Pacific, Latin America, Europe, and Middle East and Africa.
Globally, Asia-Pacific is expected to become the fastest-evolving market for nanocellulose during the projected phase of 2021-2028. Over the years, there has been a significant increase in the production activities of cellulose nanomaterials in the region. Moreover, several companies in the region are concentrating on research and development activities for carrying out mass-scale production. For instance, Japanese companies are conducting research on nanocellulose for several years, with major development focused on chemically modified fibrils. Hence, these factors indicate the strong growth of the nanocellulose market in the APAC region.
The well-known companies thriving in this market are Axcelon Biopolymers Corporation, Daicel FineChem Ltd, Chuetsu Pulp & Paper Co Ltd, American Process Inc, Melodea Ltd, Oji Holdings Corporation, Borregard, Fiberlean Technologies, CelluComp, CelluForce, University Of Maine, Norse Skog AG, Nippon Paper Industries Co Ltd, RISE Innventia AB, and Sappi Ltd.
Axcelon Biopolymers Corporation is a biomaterial company that concentrates on leveraging its bacterial nanocellulose technology to enhance bacterial cellulose-based medical devices for wound care procedures. Its business segments include Axcelon Derma care, Biomedical, and Biomaterial. The company primarily concentrates on producing new and cost-effective bacterial cellulose-based products for the biomedical device industry and non-medical industrial purposes. The company caters to its vast client base in several regions, such as North America, Asia-Pacific, and Middle East and Africa.
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