Renewable cellulosic nanomaterials exhibit great potential in various applications due to unique properties. Abundant availability of feedstock has led to industrialization of production. A significant cost-limiting factor to utilize cellulosic nanomaterials is dewatering/drying as cellulosic nanomaterials are not economical to ship long distances while containing significant water content (>95 wt.%). This represents a critical driver for increased costs of nanocellulose products.
The global nanocellulose market size was valued at USD 351.5 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. The growth is attributable to the rise in demand for various applications and the shifting trend for using bio-based goods are the factors responsible to drive demand for product. Due to its various qualities, such as increased paper machine efficiency, better filler content, lighter base mass, and higher freeness, nanocellulose is suitable for the producing a wide range of products. The paper industry uses nanocellulose as a prominent sustainable nanomaterial additive owing to its high strength, strong oxygen barrier performance, low density, mechanical qualities, and biocompatibility among the available bio-based resources. Additionally, the construction of materials, aqueous coating, and others are some of the major uses of nanocellulose composite materials.
