Nitrocellulose market is estimated to reach approximately USD 1.2 million by 2030,
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
Study Objectives of Nitrocellulose Market:
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
Reasons to buy
The report covers brief analysis of geographical region such as:
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.
|Market Size||USD 1.2 million|
|CAGR||2016–2030: Substantial CAGR|
|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||
|Key Market Drivers||
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.