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 2021 | Region: Global | 140 pages

Nitrocellulose Market Speak to Analyst Request a Free Sample

Nitrocellulose Market Overview


Nitrocellulose market is estimated to reach approximately USD 950 million by 2030, after expanding at a CAGR of XX % from 2016 to 2030.

Nitrocellulose is also known as guncotton, it is highly inflammable compound. Physical properties such as better adhesion and non-reactivity to other paints are expected to compliment the overall demand. Nitrocellulose, when added to inks or coatings imparts special characteristics such as excellent adhesion, superior drying properties, and high solubility.


The Nitrocellulose market is segmented based on Product, application and region for forecasted period 2016 to 2030. On basis of Nitrocellulose, it is segmented by Product as M grade cellulose, E grade cellulose and others. In M grade cellulose, it is highly utilized in consumer products such as thickener and emulsifier in lubricants in nutritional supplement capsules and others. 


On basis of application, the global Nitrocellulose market can be segmented into Printing inks, automotive paints, wood coatings, leather finishes, nail varnishes and others .print inking inks is driven by technology advancement and eco-friendly inks. Print inking inks is largest application industry of nitrocellulose market. automotive paints is second largest segment in Nitrocellulose .Wood coating manufacturing process highly utilize Nitrocellulose as it is has ability of multiple coating applications and it is user friendly, Nitrocellulose   is expected to witnessed a significant growth in forecasted period.


Geographically, Asia-Pacific region dominates the Nitrocellulose market both in terms of volume and value and is expected to grow significantly at a CAGR of XX % in 2030. China is major revenue generating country due to growing end user industry and increase in consumption rate of chemicals by manufacturers. North America, Europe accounts for second and third market share in this segment.

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

September 2021- Flint Group Packaging Inks announced the introduction of the latest concentrate technology fashioned to resolve many of the efficiency issues faced by flexible packaging converters at present.
Flint Group’s Universal Bases, a fraction of the company’s lately launched ONECode solvent-based ink and coating range in Europe, are engineered to be used for surface, medium, and high-performance lamination flexible packaging printing. The company provides this portfolio of multi-functional nitrocellulose-free concentrates comprising diffusions made from select pigments in a superior resin.

October 2021- A prominent global producer and supplier of optical components, Edmund Optics®, has announced the expansion of its widespread inventory by adding numerous latest product families, which allow an increasing range of infrared (IR) and near-infrared (NIR) applications. The product growth offers laser integrators with more component options accessible in-stock for instant shipping, allowing quick prototyping and product development.
The latest IR Pellicle Beamsplitters comprise thin nitrocellulose beam splitting membranes situated in aluminum frames to remove second surface reflections and beam displacement while reducing changes in the optical path length in IR laser systems.


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

  • 2022: USD 950 Million
  • 2030: Significant value
  •   CAGR   2016–2030: Substantial CAGR
      Base Year   2019
      Forecast Period   2020-2030
      Historical Data   2018
      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


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    The nitrocellulose market is predicted to touch USD 950 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.