North America Nanocellulose Market Size & Outlook
North America nanocellulose market, 2018-2030 (US$M)
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North America nanocellulose market highlights
- The North America nanocellulose market generated a revenue of USD 118.4 million in 2022.
- The market is expected to grow at a CAGR of 20.2% from 2023 to 2030.
- In terms of segment, cnf (nfc, mfc) was the largest revenue generating type in 2022.
- CNC is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 118.4 million |
| Market revenue in 2030 | USD 517.1 million |
| Growth rate | 20.2% (CAGR from 2022 to 2030) |
| Largest segment | Cnf (nfc, mfc) |
| Fastest growing segment | CNC |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CNF (NFC, MFC), Bacterial Cellulose, CNC |
| Key market players worldwide | Nippon Paper Industries Co Ltd, Borregaard ASA, Nano One Materials Corp, Stora Enso Oyj Ordinary Shares - Class R, CelluForce, FiberLean Technologies, Kruger, CelluComp, Melodea, GranBio |
Other key industry trends
- In terms of revenue, North America region accounted for 33.7% of the global nanocellulose market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 589.2 million by 2030.
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Nanocellulose Market Scope
Nanocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America nanocellulose market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nanocellulose market will help companies and investors design strategic landscapes.
Cnf (nfc, mfc) was the largest segment with a revenue share of 51.35% in 2022. Horizon Databook has segmented the North America nanocellulose market based on cnf (nfc, mfc), bacterial cellulose, cnc covering the revenue growth of each sub-segment from 2018 to 2030.
North America is anticipated to witness notable growth prospect in global nanocellulose market due to growing health consciousness among North Americans, which has greatly aided the use of CNF (Cellulose Nanofibers), & MFC (Micro fibrillated Cellulose) in the production of functional food products, This will increase demand for nanocellulose in the region.
North America is one of the leading regions in the nanocellulose market in terms of revenue in 2022. This is a result of rising government funding on nanocellulose, an increase in demand from the composites and paper industries, and the existence of important manufacturers.
Nanocellulose production is encouraged by the federal government owing to its low carbon footprint characteristics. The expansion of the forest-based economies in Canada and the U.S. states of Michigan, Vermont, and Minnesota makes raw materials easily accessible, which in turn drives up demand for nanocellulose in North America.
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Our clientele includes a mix of nanocellulose market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America nanocellulose market , including forecasts for subscribers. This continent databook contains high-level insights into North America nanocellulose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America nanocellulose market size, by country, 2018-2030 (US$M)
North America Nanocellulose Market Outlook Share, 2022 & 2030 (US$M)
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