Middle East and Africa (MEA) Nanocellulose Market are one of the fastest-growing markets in the world that is estimated to grow at a CAGR of 15.4% in the projection period of 2021to 2026.
In April’17, American Process Inc. (US), Will & Co (Netherlands), and P.R.G. (Netherlands) agreed to develop, manufacture jointly, and supply nanocellulose reinforced thermoplastic compounds, which will offer superior characteristics such as enhanced mechanical properties. These compounds would help in serving the demand of the Middle East and Africa-based customers.
In November 2016, Celluforce and Fibria (a Brazilian based Forestry company) signed a partnership, which will enable the latter to sell Celluforce products in South America.
Growth in the petrochemical sector in the Middle East is one of the major driving factors for the Nanocellulose market in the region. Amidst this, nanocellulose materials have emerged as a stretchable, strong, and durable material for the future which is available at a low cost. Products such as packaging materials, plastics, composites, etc., are in high demand from various manufacturing industries in African countries and contribute to the growing demand for the MEA nano cellulose market. The paper industry is still growing in the region, combined with the advancement in technology such as the introduction of nanocellulose material, the paper industry is now able to produce high-quality paper with superior properties.
The toxicity and carcinogenicity of the nanocellulose materials is thwarting the growth of the industry in the Middle East and African nations. Also, at high concentrations, these materials can also induce inflammatory effects on the human lungs, thus the usage should be limited and there are stringent norms present in the Middle East and Africa regarding usage of nanocellulose materials.
In addition to this, Covid-19 has had a severe impact on the oil industry. All the activities have come to halt. With the decline of the petrochemical industry during this period, the growth of the nanocellulose material industry was impeded.
On the basis of Type
On the basis of Application
The packaging industry has the most extensive application of nanocellulose in African countries. Nanocellulose materials offer efficient packaging solutions to the growing industries in the African area and thus have witnessed substantial growth. The properties such as robustness, longevity, etc., are higher when produced with the help of nanocellulose.
Nanoscale dimensions of BNC and TC are causing a proliferation in demand for the nanocellulose products. Composites market especially Bio-based nanocomposites are witnessing growth in demand due to their advanced properties on top of being environment friendly.
The narrow industrial sector in the Middle East and the growing economy of African countries have presented ample growth opportunities to the Nanocellulose sector. A significant portion of the application lies in the packaging industry of the Middle East and Africa.
Celluforce INC
Kruger INC
American Process INC
Borregard
Stora Enso
VTT
The Middle East and Africa aren’t directly affected by the Coronavirus, but it has witnessed indirect impacts. Amidst this, the economic activities have gone down, and it has an adverse effect on every sector. The nano cellulose market saw a decrease in demand during this period as production activities came to a halt. Despite the slowdown of the paper and pulp market, the foreign investments towards the nanocellulose industry have also evaporated during this period. All in all, the market’s growth was obscured by the pandemic.
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