Nanocellulose Market Share

APAC Market Statistics

The Asia Pacific nanocellulose market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the exponentially surging production of vehicles as well as the rising demand for nanocellulose in the automotive industry besides other end-user industries, owing to the increasing demand for lightweight vehicles with higher tensile strength and better fuel economy. As per research, it was found that using nano cellulose for parts of cars, like bumpers, side panels, and dashboards makes them 3-4 times stronger and around 30% lighter. Moreover, it was observed that the production of cars and commercial vehicles in China reached nearly 21.41 million and 4.67 million in 2021 respectively, depicting the prospering automotive industry in the region.

North American Market Forecast

The North American nanocellulose market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the augmenting biomedical sector along with the increasing adoption of advanced technology in the region, owing to increasing spending on healthcare with increasing chronic diseases. It was found that U.S. healthcare spending increased by 2.7% in 2021, reaching approximately USD 4.3 trillion. Therefore, the growing adoption of biomaterial in cartilage replacements, cardiovascular applications, and many medical implants owing to its unique nanostructure is expected to propel the market growth in the region.

Europe Market Forecast

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the raised standard of living of people in the region together with the increasing demand for green and sustainable food packaging material by the growing food & beverages industry in the region

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of nanocellulose is estimated at USD 604.86 million.

The nanocellulose market size was valued at USD 515.04 million in 2024 and is projected to cross USD 6.72 billion by the end of 2037, expanding at more than 21.6% CAGR during the forecast period i.e., between 2025-2037. The growing environmental concern as well as rising demand for an alternative solution to the ever-depleting non-renewable sources, along with the growing popularity of bio-based, biodegradable, and sustainable products will drive the market growth.

Asia Pacific is anticipated to dominate majority industry share by 2037, attributed to exponentially surging production of vehicles as well as the rising demand for nanocellulose in the automotive industry besides other end-user industries, propelled by increasing demand for lightweight vehicles with higher tensile strength and better fuel economy.

The major players in the market include Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Stora Enso Biomaterials, SÃƒÂ¶dra SkogsÃƒÂ¤garna, Fiberlean technologies, Kruger Inc., Borregaard, Celluforce Inc., Yara International ASA, Sappi Limited.

Nanocellulose Market Share