Nanocellulose Market
Nanocellulose Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Nanocellulose Market Size and Growth
The Nanocellulose market is witnessing significant growth due to its versatility across industries like packaging, construction, and biomedical applications. In 2023, the market size is estimated to reach approximately $400 million, with a projected CAGR of over 20% through 2030, driven by demand for sustainable materials and advanced applications.
Companies Covered
(Covid 19 Impact Covered)
◍ Fiberlean
◍ Kruger
◍ Borregaard
◍ Nippon Paper
◍ Celluforce
◍ University of Maine
◍ American Process
◍ Oji Paper
◍ Inventia
The nanocellulose market features key players like Fiberlean, Kruger, Borregaard, and Nippon Paper. These companies innovate applications in packaging, composites, and pharmaceuticals, fueling market growth. Their advancements and research efforts enhance product performance, increasing demand.
Some reported revenues include:
- Borregaard: ~$410 million
- Nippon Paper: ~$11 billion
- Celluforce: ~$20 million.
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Market Segmentation
By Application
◍ Composites Materials
◍ Hygiene And Absorbent Products
◍ Paper And Board ◍ Food Products ◍ Others
By Product
◍ NanoCrystalline Cellulose (NCC) ◍ Nanofibrillated Cellulose (NFC) ◍ Bacterial Cellulose
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$ 3059.02 Million
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