Nitrocellulose Market 2021 By Type and Application, Forecast to 2030 | By Top Key Players: Atomax Chemicals Co., Ltd., Nitro Quimica
Research Reports
Mar 22, 2022
Global Nitrocellulose Market Scenario –
According to the reports published by Market Research Future Reports, the global Nitrocellulose Market is set to proliferate by approximately USD 950 million by 2030. Nitrocellulose is known as guncotton and is a highly inflammable compound. Generally, nitrocellulose is added to inks or used for coatings and imparts unique characteristics such as excellent adhesion, superior drying properties, and high solubility.
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Nitrocellulose Market – Eminent Firms:
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.
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Segment Study of Nitrocellulose Market–
In the reports by MRFR, the global nitrocellulose market has been segmented based on the product, application, and region for the forecasted period 2016 to 2022.
Segmentation by product, the market is categorized as M grade cellulose, E grade cellulose, and others. In M grade cellulose, nitrocellulose is highly applied in consumer products such as thickener and emulsifier in lubricants in nutritional supplement capsules and others.
Based on application, the global nitrocellulose market is segmented into printing inks, automotive paints, wood coatings, leather finishes, nail varnishes, and others. Out of which, print inking inks is driven by technology advancement and eco-friendly inks and is the largest application industry of nitrocellulose market. While automotive paints are the second largest segment in Nitrocellulose, on the other hand, wood coating manufacturing process also highly utilize nitrocellulose, as it has the ability to coat multiple time and it is user-friendly. Due to these factors’ nitrocellulose is expected to witness significant growth in the forecasted period.
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Regional Analysis –
On a geographical note, Asia-Pacific region leads the nitrocellulose market in terms of both, volume and value, which is expected to proliferate significantly at a higher CAGR by 2022. In the Asia Pacific, China has been a significant revenue generating country owing to growing end-user industry and an increase in the consumption rate of chemicals by manufacturers. Also, substantial expansion scope in the automotive industry in India, South Korea & Taiwan, and leather industries in Vietnam may enhance the market growth. Besides, a surge in personal care and cosmetic products demands from the middle-class population may also stimulate the global nitrocellulose market substantially.
Whereas, North America for second market share in this segment. North America led by the U.S. nitrocellulose market may also witness gains of market by the end of the forecast period. U.S. market, driven by wood coatings and printing ink applications segment along with increased spending on lifestyle products and growing e-commerce industry may boost regional market growth during the projected period.
Europe is now estimated to witness moderate growth on account of rising demand from the automotive sector. Furthermore, stringent regulations for the storage and usage of this product have led to increased innovation and development in this sector.
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.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Nitrocellulose Market
5 Industry Overview Of Global Nitrocellulose Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7. Global Nitrocellulose Market By Region
8. Global Nitrocellulose Market By Product (M Grade Cellulose, E Grade Cellulose And Others)
9. Global Nitrocellulose Market By Application (Printing Inks, Automotive Paints, Wood Coatings, Leather Finishes, Nail Varnishes And Others
Continue……
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