Nanotechnology Annual Growth Rates Exceed 30% with Some Materials
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According to a new study released this week by RISI, Boston, Mass., USA, growth in nanotechnology has been dramatic, with some nanomaterials seeing growth rates in excess of 30% annually. Derived most often from woodpulp, nanocellulose is unique among nanomaterials in that it is bio-based, renewable, biodegradable, non-toxic, and relatively inexpensive.
"It is important to understand that nanocellulose is not just one thing. Cellulose nanocrystals (CNC) and cellulose nanofrbrils (CNF) are quite different. CNC is extremely strong, and individual cellulose nanocrystals are stronger than carbon fiber, and have unique electrical and optical properties. Cellulose nanocrystals also carry a charge, and are chemically active. They can be modified for use in a wide range of applications including oil and gas, adhesives, paints and coatings, nonwovens, composites, and much more," explained Jack Miller, study author and principal consultant for Market-Intel LLC.
"According to the U.S. Forest Service, it is estimated that nanocellulose could add $600 billion to the U.S. economy by 2020, and cellulose nanofibrils are already being used in papermaking. Producers of nanocellulose have attracted attention from suppliers of materials like chemicals and adhesives, and also from end-users of these materials, such as automakers, major brand companies, and pharmaceutical companies," Miller continued.
Nanocellulose: Technology, Applications, and Markets reviews the development of nanocellulose technology and markets from the 1950s to today. Providing a forecast until 2025, the study details the challenges and opportunities of this growing market and fully defines the different types of nanocellulose, its characteristics, preparation, and applications. The study is based on extensive research, including interviews with 29 experts from industry and academia, and more than 100 references to technical papers, conference presentations books, and magazine articles.
