offers potential in the fields of biomedical, filter membranes, biotech devices, and
food.
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Composites has been dominating the nanocellulose market since the past few years
primarily due to high tensile strength and biocompatibility of cellulose nanofibers.
Composites accounted for over 35% of the market share in 2014. Nanocellulose has
the potential to replace glass and carbon fiber composites in the fields of
transportation, wind, consumer goods, sport, and biomedical. Paper processing held
the second-largest market share in 2014. Nanocellulose is expected to enhance the
performance of paper, paperboard, and related products. Oil & gas is likely to be the
fastest growing end-user for nanocellulose in the near future. Nanocellulose is used
as rheological modifier in drilling fluids. Other end-users such as biomedical,
electronics, textiles, and pharmaceutical are also projected to provide lucrative
growth opportunities for nanocellulose during the forecast period.
North America and Europe were the largest markets for nanocellulose, cumulatively
accounting for over 60% share in 2014. Countries in these regions have been
supportive of the growth of nanocellulose. This trend is anticipated to continue in
the next few years. Market share of Asia Pacific is likely to expand in next decade;
however, technical issues and lack of consumer awareness in the region are
expected to hamper market growth. Other regions are anticipated to exhibit stable
growth for nanocellulose during the forecast period.
The report provides a comprehensive view of the nanocellulose market in terms of
volume and revenue. It includes current demand analysis and forecast for product
segments and end-users in North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. Furthermore, the report offers detailed country-wise analysis of
the nanocellulose market in the regions mentioned above. The nanocellulose market
has been divided into the following segments:
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