According to the research report titled ‘Nanocellulose Market Size by Product (Nano fibrillated Cellulose, Nanocrystalline Cellulose), by Application (Composites, Paper Processing, Food & Beverages, Paints & Coatings, Oil & Gas, Personal Care), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020-2026’, available with MarketStudyReport, nanocellulose market is expected to record a robust y-o-y growth rate during the forecast timeframe 2020-2026.
 

As per the findings of the report, increasing environmental concerns along with rising number of infrastructure development activities involving smart homes and green buildings are primarily driving nanocellulose market growth.
 

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For the unversed, nanocellulose is a light solid substance derived from plant matter which is made up of nanosized cellulose fibrils. It is often produced from wood pulp and is translucent, electrically conductive, and stronger than steel.
 

From production of kids toys to cleaning-up of oil spills, nanocellulose offers wide range of applications. Owing its ability to prevent oxidation and decomposition by effectively stopping oxygen contact with products, it is utilized as packaging material in food, medical, and pharmaceutical industries.
 

Based on application, the industry is fragmented into personal care, paints & coatings, food & drinks, paper processing, composites, oil & gas, and others. Among these, paints & coatings segment is anticipated to grow at a strong CAGR of 21.6% over the analysis period, creditable to usage of cellulose nanoparticles as additives in improving the characteristics of paints & coatings such as urethanes and varnishes.
 

This growth opportunity in the segment is predicated on cellulose nanoparticles' ability to operate as rheology modifiers, influencing viscosity and application properties like dripping, sagging, splattering, and coverage.
 

Moreover, global nanocellulose industry size from personal care segment is expected to expand at a CAGR of more than 22.2% owing to substance’s various use-cases such as in sanitary napkins in the form of freeze-dried nanocellulose aerogels as well as in incontinence pads, tampons, and baby diapers. Nanocellulose in tissues, absorbent structures, or non-woven goods, and antimicrobial films are further intriguing applications in this field.
 

From the regional perspective, Asia-Pacific market is projected to grow at 21.6% CAGR through 2026, supplemented by increase in infrastructure development projects, and rise in demand for automobile exterior parts in view of expansion of manufacturing plants & capacities.
 

Meanwhile, MEA market is expected to grow at a strong CAGR of 21.7% during the assessment period, owing to ongoing investments in large-scale infrastructure & construction projects, rising consumer expenditure, and development of downstream petrochemical industry.
 

Considering the competitive landscape, Oji Holdings Corp., Asahi Kasei Corporation, CelluComp Ltd., Holmen AB, Stora Enso Oyj, J. Rettenmaire & Sohne GmBH (JRS), American Process Inc. (API), Melodea Ltd., Kruger Inc., Nippon Paper Group Inc., Daicel Corporation, Sappi Limited, CelluForce Inc., FPInnovations, Borregaard ASA, and  Innventia AB are the major companies influencing nanocellulose market trends.