Nanocellulose Market - Forecast(2021 - 2026)
Nanocellulose Market size is forecast to reach $855.4 million by 2026, after growing at a CAGR of 18.5% during 2021-2065. Nanocellulose is a lightweight substance obtained from plant matter, which comprises nano-sized cellulose fibrils. Cost efficiency and availability of raw material, such as cellulose, further improve the product supply scenario, which is likely to drive the growth of the Nanocellulose market size. The growing demand for atomic force microscopy, magic angle spinning, nuclear magnetic resonance, transmission electron microscopy from the food science, healthcare, aerospace, marine, and oil and gas sector also propels the Nanocellulose market share globally. Whereas increasing demand for medical applications such as bio-polymers, bio-barriers, sanitary napkins, wound dressing, and tampons are expected to drive market growth over the forecast period. Besides, the high production cost of the synthetic polymers along with fluctuating petroleum prices further driving the ...