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Nanocellulose Technology Market: Demand For Nanucellulose Materials; Bacterial Cellulose Obtained From Bacteria
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Forest Products Laboratory announced to invest USD 1.7 million in production facility for renewable forest based nanomaterials like nanocellulose. In pharmaceuticals, it is used for tablet coating, additives, sustained drug delivery, packaging and as a flavor carrier and suspension stabilizers in formulation process. Use of spray dried nanofibrillated cellulose as filler in tablet compression has improved the flow properties of the commercially available microcrystalline cellulose. Owing to its unique nanostructure and characteristics, nanocellulose has significant applications in manufacturing a variety of medical devices ranging from therapeutic to diagnostic devices.
The market for nanocellulose technology is experiencing burgeoning demand across pharmaceutical industry due to its use as excipients in formulation, for coating tablets, printing on hard capsule and for packaging purposes. Ongoing development in drug delivery is also driving the demand for nanucellulose materials; bacterial cellulose obtained from bacteria is considered to exert controlling influence on skin release of a drug. Increasing number of drugs showing poor solubility and bioavailability is also one of the factors creating the demand for nanocellulose.
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Other factors driving the market for nanocellulose technology are its low cost, increasing demand for more efficacious drug and substantial amount of ongoing research on nanocellulose to enhance its application spectrum. In developed countries, rapid growth in personalized medicine market fuelling the demand for advanced drug delivery system can also be a factor driving the market. India holding the 3rd rank in terms of pharmaceutical bulk manufacturing represents a potential market for nanocellulose technology.
Some of the major companies operating in the market for cellulose technology include Grenoble INP-Pagora, Melodea, Nippon Paper, Polynew, Inc., Verso Paper, SUNY-ESF, Oji Paper, UPM-Kymmene Ltd., US Forest Service Products Laboratory, Stora Enso Ltd., Georgia Tech and Diacel Chemical Ltd.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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