ID: MRFR/CnM/1560-HCR | February 2021 | Region: Global | 140 pages
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
Study Objectives of Nitrocellulose Market:
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
Target Audience
Geographic Analysis
The report covers brief analysis of geographical region such as:
North America
Europe
APAC
RoW
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 Attribute/Metric | Details |
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Market Size |
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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 |
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Key Market Drivers |
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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.