Cellulose NanoFibers Market

SKU: DMBT1026 | Last Updated On: Sep 24 2022 | Available Formats

>Cellulose NanoFibers Market Expected to reach a high CAGR 17% by 2029:

Cellulose NanoFibers Market is segmented By Product Type (Tempo-Cellulose nanofibers, Carboxymethyl-cellulose Nanofibers, Others), By End User (Nano Composites, Filters, Food Packaging, Cosmetics, Electronic devices, Healthcare, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Cellulose NanoFibers Market is expected to grow at a high CAGR 17% during the forecasting period (2022-2029). Cellulose nanofibers are made from wood-fiber (pulp) that has been extracted to the nano level of several hundredths of a micron and smaller, and it is the world’s most advanced biomass material. Since the material is derived from plant fibers, it created a low environment in its production and its disposal. The properties of cellulose Nanofibers include being lightweight, having high elastic modulus as high as high-strength aramid fiber, similar thermal expansion as glass, and presenting high barrier properties with oxygen and other gases. Due to the presence of characteristic properties and morphology, it is widely used in filter materials, high gas barrier packaging material, medicines, cosmetics, electronic devices, and others.

The Cellulose Nanofibers are manufactured through various mechanical processes it including high-pressure homogenization, micro fluidization, refining, or grinding. Due to the drawbacks associated with the mechanical process such as high energy demand various chemical processes are being adopted by the various producers such as cationization, hydrolysis, TEMPO-mediated oxidization, acetylation, and sialylation.

Cellulose NanoFibers Market Drivers

An increase in usage of cellulose nanofibers by end-users in filters, food packaging, and healthcare, and research initiatives for the development of new carbon nanofibers by prominent players in different industries for different applications are driving the cellulose nanofibers market during the forecast period. An increase in penetration of cellulose nanofibers into various sectors due to its major advantages such as being lightweight and high strength, and being eco-friendly in nature is additionally contributing to the growth of global cellulose nanofibers market during the forecast period.

According to NIKKEI ASIAN REVIEW in May 2017, electronics maker Panasonic is conducting research for using fiber to make refrigerators and washing machines.

The carbon nanofibers could emerge as a viable alternative for steel in the long term though it can expect significant competition from materials that are made from carbon-based materials. According to researchers, carbon nanofibers are five times as light and can be five times as strong as steel. With the rapid development in electric cars, the key players in the industry are looking at an alternative for steel, due to its added advantages carbon nanofibers can be adopted majorly by the automotive and aircraft industry in the future.

Cellulose NanoFibers Market Restraints

Major factors hindering the global cellulose nanofibers market during the forecast period due to the high cost compared with conventional materials.

Cellulose NanoFibers Market Segmentation

Global cellulose nanofibers market is segmented by product type and Application. Product type includes tempo-cellulose nanofibers, carboxymethyl-cellulose nanofibers, and others, and by the application, it includes nanocomposites, filters, food packaging, cosmetics, electronic devices, healthcare, and others. 

Food packaging is dominating the global cellulose nanofibers market during the forecast period owing to advantages associated with the materials it includes replacements for petroleum-based, glass, metal, and wax-coated products, environmentally friendly nature which allows the food to be fresh for a longer duration. It improves quality and safety during the transportation of food during traveling.

Cellulose nanofibers have physical properties similar to the PET and are also a potential replacement for food packaging and conservation as it provides protection from carrier substances such as antioxidants and antimicrobial.\

Cancer Vaccines Market Scope

Metrics

Details

Market CAGR

17%

Segments Covered

By Product Type, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Cellulose NanoFibers Market Geographical Analysis

The global cellulose nanofibers market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Asia Pacific dominates the global cellulose nanofibers market during the forecast period due to the presence of key players and paper manufacturers the major contributor for the production of CNF, the presence of CNF related commercial products. An increase in research initiatives by research institutes for the development of novel technology in the field of cellulose nanofibers that can be used in the automotive industry is additionally contributing to the growth of the Asia-Pacific cellulose nanofibers market.

In Japan, cellulose Nanofibers are increasingly used in consumer goods, including disposable diapers, pens, speakers, and toilet cleaners.

North America is expected to gain rapid growth during the forecast period owing to the rise in government initiatives for the adoption of renewable resources and an increase in usage of CNF in various applications.

According to the document the technology roadmap for plant/crop-based renewable resources 2020 by U.S Department of Energy, a goal has been set that at least 10% of basic chemical building blocks will arise from plant-derived renewables by 2020 a further increase to 50% by 2050.

Cancer Vaccines Market Competitive Analysis

New product launched associated with the novel technology, plant expansion to cater to the regional market demand and new product development are the key strategies adopted by the prominent players in the global cellulose nanofibers market.

  1. In July 2018, Rengo Co Ltd initiated the development of new cellulose nanofiber (Xanthated Cellulose Nanofibers) through the application of cellophane technology
  2. In September 2017, Nippon Paper Industries launched a cellulose nanofiber mass production facility for food and cosmetics at the Gotsu Mill with an annual production capacity of more than 30 tons and manufacturers the carboxymethylated CNF.
  3. In April 2015, Oji Holdings Corporation and Nikko Chemicals collaborated on the development of Cellulose Nanofibers for cosmetic applications.
  4. Major market players in the cellulose Nanofibers market are GEA Group, Nippon Paper Group, Oji Holdings, Cellucomp, Johnson Healthtech, Asahi Kasei, Tokushu Tokai Paper Co Ltd, Rettenmaier, Akzonobel, and Daio Paper.

Frequently Asked Questions

What is the Projected CAGR value of the Cancer Vaccines Market?

Cancer Vaccines Market is expected to grow at a CAGR of 17% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Cancer Vaccines Market during 2022-2029

Which is the fastest growing region in the Cancer Vaccines Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

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