Cellulose NanoFibers Market Size, Share, Industry, Forecast and outlook (2024-2031)
Global Cellulose NanoFibers Market reached US$ 2.4 billion in 2023 and is expected to reach US$ 7.3 billion by 2031, growing at a CAGR of 8.5% during the forecast period 2024-2031 Cellulose nanofibers (CNFs) are a type of nanomaterial derived from cellulose, a plant-abundant polymer. These fibers, ranging from 5 to 50 nanometers in diameter, have high aspect ratio, strength, and stiffness, making them promising for various applications. Produced through mechanical or chemical processes, CNFs are gaining attention in industries like packaging, composites, electronics, and biomedical fields as a sustainable alternative to traditional materials due to their renewable origin and remarkable mechanical properties.