The global nanocrystalline cellulose market is
likely to experience considerable growth over the period of assessment, from
2018 to 2016. This renewable nanomaterial has garnered substantial attention in
recent times due to its exceptional properties. Physical and biological
properties of nanocrystalline cellulose like biodegradability, surface
chemistry, biocompatibility, and low toxicity make it a desirable material for
substantial use in biomedical industry.
Oji Holdings Corporation, NIPPON PAPER INDUSTRIES CO.,LTD, American
Process Inc, RISE Innventia AB, CelluForce, and Melodea Ltd are a few of the
well known players in the global nanocrystalline cellulose market.
Through utilization extensive research methods, Transparency Market
Research (TMR) has come up with a comprehensive report on the global
nanocrystalline cellulose market. Experts at TMR prophesize that the global
nanocrystalline cellulose market would clock a staggering growth rate of 31%
CAGR over the period of assessment, from 2018 to 2026.
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Asia Pacific Driven by Expansion of Oil and
Gas Industry to Support Growth of the Market
The global nanocrystalline cellulose market is classified into the
principal regions of Latin America, Middle East and Africa, East Europe, Asia
Pacific, West Europe, and North America. Such region-based segmentations are
expected to offer deep insight of the global nanocrystalline cellulose market
and how several factors influence growth of the market.
From the geographical standpoint, both Western Europe and North America
are expected to command leading shares of the global nanocrystalline cellulose
market over the forecast tenure. A rise in demand for lightweight composites
from the automotive sector will augment the use of nanocrystalline cellulose in
both Western Europe and North America. In the Asia Pacific region, South
East Asian countries like Singapore, Malaysia, Indonesia together with China
are estimated to drive the demand for nanocrystalline cellulose in the region.
Expansion of the oil and gas exploration activities in the South China Sea will
create more demand for nanocrystalline cellulose.
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In addition, the market is likely to witness a rise in demand in the
Middle East and Africa and Latin America owing to extensive use of
nanocrystalline cellulose in the preparation of mud drilling. In addition,
nanocrystalline cellulose is copiously used in the oil and gas industry of
these regions.
Properties of Nanocrystalline Cellulose Make it a
Substance of Choice in Many Industries
Renewable biomass is utilized in the making of nanocrystalline
cellulose, which is a cost effective procedure. This material does not pose any
threat to the environment as it comes with low toxicity. As such, it find
abundant use as reinforcing agent in the making of industrial biocomposites.
Many end user sector like paints and coatings, paper processing,
pharmaceuticals, and composites manufacturing make use of nanocrystalline
cellulose. In addition, textiles, construction, and oil and gas industries are
also adopting the material for use in various applications, which supports
growth of the global nanocrystalline cellulose market
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Nanocrystalline cellulose has outstanding rheological, chemical,
optical, and mechanical properties that have rendered the material fit for use
in many applications across several industries, from oil drilling to paper
processing. Furthermore, increased funding and support from various governments
encourage progress of the global nanocrystalline cellulose market. In Europe
and North America, several universities and government funded organizations run
research programs on advanced substances, which benefits in the expansion of
the market in years to come.
In the oil and gas industry, nanocrystalline cellulose is a material of
choice for drilling fluids. It is the ability of nanocrystalline cellulose to
change the viscosity of drilling fluids, which leads to saving of time and
money. The global nanocrystalline cellulose market is also likely to driven by
demand arising from the biomedical sector. Antimicrobial therapy, tissue
engineering, and implantations are some of new avenues of scope for
nanocrystalline cellulose.
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On the other hand, high cost of nanocrystalline cellulose is likely to
impede growth of the market over the forecast period.
In coming years,
as the debate on the potential impact of the chemical manufacturing across
industries on the ecology gets fiercer, new monitoring technologies will
emerge. Latest compliance regulations will expand the scope of green
chemistries for businesses in the downstream value chain. Further,
manufacturers in the market will increasingly leverage digital channels to
reach high-value customers. Many will use them to avoid disruption such as by
pandemics.
An assortment of
analytics technologies will help in augmenting the commercial productivity.
However, until now, the pace of adoption of digital technologies in the overall
chemicals industry has been relatively slow. It thus remains to be seen how far
the players in the market will be able to unlock long-term productivity
benefits of AI-driven management of various business functions, particularly
research and development and production.
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