Global Cellulose NanoFibers Market - 2024-2031

Report Overview

Global Cellulose NanoFibers Market reached US$ 2.4 billion in 2023 and is expected to reach US$ 7.3 billion by 2031, growing at a CAGR of 8.5% during the forecast period 2024-2031

Cellulose nanofibers (CNFs) are a type of nanomaterial derived from cellulose, a plant-abundant polymer. These fibers, ranging from 5 to 50 nanometers in diameter, have high aspect ratio, strength, and stiffness, making them promising for various applications. Produced through mechanical or chemical processes, CNFs are gaining attention in industries like packaging, composites, electronics, and biomedical fields as a sustainable alternative to traditional materials due to their renewable origin and remarkable mechanical properties.

Market Dynamics: Drivers & Restraints

Growing demand for sustainable materials

The global cellulose nanofibers (CNFs) market is driven by the growing demand for sustainable and eco-friendly materials. Companies are seeking alternatives to traditional materials with lower environmental impact. CNFs, derived from renewable resources like wood and agricultural residues, offer biodegradability and lower carbon footprints. The automotive industry is incorporating CNFs into lightweight composite materials to improve fuel efficiency and reduce emissions. This shift towards greener materials is driving the growth of the CNF market.

High production costs

The cellulose nanofibers (CNFs) market faces challenges due to high production costs, complex manufacturing processes, lack of standardized regulations, and limited awareness among end-users. However, ongoing research and technological advancements are expected to overcome these barriers, leading to broader adoption of CNFs in the coming years.

Market Segment Analysis

The global cellulose nanofibers market is segmented based on product type, end-user, and region.

The tempo-cellulose nanofibers from the product type segment accounted for approximately 54.1% of the cellulose nanofibers market share

The tempo-cellulose nanofibers from the product type segment accounted for approximately 54.1%. TEMPO-cellulose nanofibers (TEMPO-CNFs) are a type of cellulose nanofiber with enhanced properties and functionalities. They are produced through TEMPO oxidation, a chemical modification process that selectively oxidizes the primary hydroxyl groups of cellulose.

These highly charged, individualized nanofibers have a uniform diameter of 3 to 4 nanometers. They are highly dispersible in water and other polar solvents, making them ideal for creating transparent films, coatings, and hydrogels. Their unique properties, including increased surface charge and improved mechanical strength, make them ideal for high-performance applications in packaging, electronics, and biomedical fields.

Market Geographical Share

North America is estimated to hold about 38.4% of the total market share throughout the forecast period

North America is estimated to hold about 38.4% of the total market share throughout the forecast period due to an increase in government initiatives to adopt renewable resources and to increase the utilization of carbon nanofibers in numerous applications.

For instance, in July 2024, researchers at the University of Maine aim to streamline the commercial adoption of cellulose nanofibers as a packaging material by developing an electrostatic contact dewatering technique, thus speeding up the drying process.

Market Segmentation

By Product Type

• Tempo-Cellulose nanofibers
• Carboxymethyl-cellulose Nanofibers
• Others

By End User

• Nano Composites
• Filters
• Food Packaging
• Cosmetics
• Electronic devices
• Healthcare
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Middle East and Africa

Market Competitive Landscape

The major global players in the market include GEA Group, Nippon Paper Group, OJI Holdings, Daio Paper, Cellucomp, CelluForce, Tokushu Tokai Paper co Ltd, Rettenmaier, and Akzonobel among others.

Key Developments

• In May 2024, Kao Corporation launched LUNAFLOW RA, a mold release agent for use in smoothly removing rubber and resin products from molds during manufacture. LUNAFLOW RA is made using cellulose nanofibers (CNF), a cutting-edge biomass material, and features superior demolding performance and durability for repeated use once applied. The product can be expected to improve work efficiency in the manufacturing process, and is both solvent- and fluorine-free, making it friendly to both the workers and the environment.

Why Purchase the Report?

• To visualize the global cellulose nanofibers market segmentation based on product type, end-user, and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of the cellulose nanofibers market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global cellulose nanofibers market report would provide approximately 64 tables, 61 figures, and 186 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies