Nitrocellulose Market Research Report- Forecast to 2030

Nitrocellulose Market Global Information: by Product (M grade cellulose, E grade cellulose and others), Application (Printing inks, automotive paints, wood coatings, leather finishes, nail varnishes and others) and Region Forecast till 2030

ID: MRFR/CnM/1560-HCR | February 2023 | Region: Global | 140 Pages         

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Nitrocellulose Market

Nitrocellulose market is estimated to reach approximately USD 1.2 million by 2030,

Segmentation
By Product M grade cellulose E grade cellulose and others
By Application Printing inks automotive paints wood coatings leather finishes nail varnishes and others
Key Players
Companies Profiled   Atomax Chemicals Co.   Nitro Quimica   Hubei Xuefei Chemical   Hengshui Orient Chemical Co.   Nobel NC   IVM Chemicals   Synthesia   antong Tailida Chemical Co.   Nitro Chemical Industry Co.
Drivers
Market Driving Forces   Better adhesion   Non-reactivity to other paints
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Nitrocellulose market overview


Nitrocellulose market growth is projected to grow USD 1.2 million forecast period. Nitrocellulose is an inflammable product that contains various combustible compounds. There are nitric acid, cellulose and nitrate compounds in this chemical. Mostly nitrocellulose is known as gun cotton as it contains explosive and propellant compounds. The use of this cellulose substance is prevalent in wooden coatings, ink printing and plastic films.


In recent years, there are versatile uses for nitrocellulose. Further, nitrocellulose powder is used in many industries. The use of this powder is prevalent in fashion and other consumer products. The rising disposable income of individuals is creating huge adoption of nitrocellulose. The need for conformable clothing is high among consumers. Demand from the fashion market will rise for the use of nitrocellulose in upcoming years.


Furthermore, this powder can add glossy texture to a few products. It offers a smooth, matte and gloss finish to leathers. It not only enhances the appearance but also resists heat on the product. Governmental policies support the use of nitrocellulose. They are safe products to use on consumer electronics. Industrialization is expected to bring new growth opportunities to the market. All these are factors that have a positive influence on market value. 


Research Methodology for Nitrocellulose Market Research Methodology for Nitrocellulose Market


Study Objectives of Nitrocellulose Market:



  • To study market overview of the Nitrocellulose market

  • To estimate market size by product , by application and region

  • To provide insights about market drivers, restrains and opportunities of nitrocellulose market

  • To provide geographically market analysis and outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries

  • To analyze the global nitrocellulose market based on various factors- supply chain analysis, porters five force analysis etc.

  • To provide strategic profiling of the key players in the market, broadly analyzing their core competencies.

  • To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Nitrocellulose  


 Key Players


The key players of global nitrocellulose market are  Atomax Chemicals Co., Ltd., Nitro Quimica, Hubei Xuefei Chemical, Hengshui Orient Chemical Co., Ltd.,  Nobel NC, IVM Chemicals, Synthesia, antong Tailida Chemical Co., Ltd., and Nitro Chemical Industry Co., Ltd.Recent Development



  • Nitro Quimica is launching its new product and developing its brand structure. The company is expanding its products and services. in varnishes and new products, initiatives are expected to rise the overall supply rate of this market. Also, the company is allocating 2% of the investments for this product development. 

  • Nippon paint is partnering with a nitrcellouse company. This partnership is expected to promote wood coatings products. This development in the Asia Pacific region is expected to create new opportunities. 

  • Nitro Quimica is a company that is announcing a new acquisition of Alchemix Corporation. This is expected to create more consumer products such as dermatological products. 


Reasons to buy



  • This report includes in-depth study analysis of Nitrocellulose  market

  • It covers market segmentation by type, by application and by end user.

  • It helps in identifying region-wise major suppliers and understand consumption patterns.

  • The report will provide useful and premium insights that will support in investments of Nitrocellulose  and allied companies providing details on the fast-growing segments and regions.

  • In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.

  • The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and supported by authentic industry data from secondary sources.


Target Audience



  • Nitrocellulose  producers

  • Traders and distributors

  • Association and government bodies.

  • Application industries

  • Electronic manufacturers

  • Research institute


Geographic Analysis 


The report covers brief analysis of geographical region such as:


North America



  • US

  • Canada


Europe



  • Germany

  • France

  • Italy

  • Netherlands

  • U.K.

  • Rest of Europe


APAC



  • China

  • India

  • Japan

  • Rest of Asia-Pacific


RoW



  • South America

  • Middle East

  • Africa


The report for Global Nitrocellulose Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.


 



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1.2 million
  CAGR   2016–2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Atomax Chemicals Co., Ltd., Nitro Quimica, Hubei Xuefei Chemical, Hengshui Orient Chemical Co., Ltd., Nobel NC, IVM Chemicals, Synthesia, antong Tailida Chemical Co., Ltd., and Nitro Chemical Industry Co., Ltd.
  Key Market Opportunities

  • Excellent adhesion
  • Superior drying properties
  • High solubility
  •   Key Market Drivers

  • Better adhesion
  • Non-reactivity to other paints


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    Frequently Asked Questions (FAQ) :

    The nitrocellulose market is predicted to touch USD 1.2 million by 2022.

    The APAC region is expected to lead nitrocellulose market.

    Printing inks will dominate the nitrocellulose market.

    Key competitors in the nitrocellulose market include Nitro Chemical Industry Co., Ltd., Antong Tailida Chemical Co., Ltd., Synthesia, IVM Chemicals, Nobel NC, Hengshui Orient Chemical Co., Ltd., Hubei Xuefei Chemical, Nitro Quimica, and Atomax Chemicals Co., Ltd.

    Different strategies adopted by industry players to maintain dominance in the nitrocellulose market include mergers and acquisitions, collaborations, partnerships, and extensive R&D.