Skip to main content

Nitrocellulose Market Value Chain Dynamics and Key Players (By 2025)

The global nitrocellulose market size is expected to reach USD 1.09 billion by 2025 registering a CAGR of 6.2%, according to a new report by Grand View Research, Inc. Wide scope of application across numerous end-use industries is expected to drive the global market. Nitrocellulose-based printing inks are used in gravure and flexography printing applications. There has been a rise in printing ink applications in the recent past and is expected to have a positive impact on the market growth. Physical properties, such as better adhesion and non-reactivity to other paints, of the product are expected to compliment the overall demand.
Nitrocellulose, when added to inks or coatings, imparts special characteristics, such as superior drying properties and high solubility. Governments across the globe have issued several regulations and imposed various mandatory policies for importers to obtain import license for the trade of this product with an aim to safeguard public interest and prevent any misuse of the substance. Industrial nitrocellulose is categorized as a hazardous substance and is thus exposed to a host of regulations related to explosive substances. Such a categorization leads to more precautionary measures and a higher related cost. However, growing industrialization is expected to create ample opportunities for industry expansion.
To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/nitrocellulose-market
U.S. nitrocellulose market
Further key findings from the study suggest:
  • The global nitrocellulose market was valued at USD 720.12 million in 2018 and is expected to witness a CAGR of 6.2% from 2019 to 2025
  • Wood coatings accounted for 24.58% of the total share in 2018. Nitrocellulose-based paints are preferred over conventional products due to their characteristics that are suitable for furniture coating
  • However, printing inks is projected to be the largest and fastest-growing application over the forecast years
  • Asia Pacific emerged as the leading regional market and accounted for over 47.58% of global demand in 2018
  • China is the largest product consumer in APAC on account of rapid growth of the printing inks industry in the country
  • Key companies in the industry include Abu Zaabal Co. for Specialty Chemicals, Atomax Chemicals Co., Ltd., Dow Wolff Cellulosics GmbH, TNC Industrial Co., Ltd., Nitrochemie AG, Sichuan North Nitrocellulose Corporation, and Hagedorn NC
  • Government restrictions in certain regions may interrupt the growth opportunities for these market participants
Grand View Research has segmented the global nitrocellulose market on the basis of application and region:
Nitrocellulose Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Printing inks
  • Automotive paints
  • Wood coatings
  • Leather finishes
  • Nail Varnishes
  • Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Comments

Post a Comment

Popular posts from this blog

Hexane Market Quantitative Hexane Market Analysis Current and Future Trends 2025

The global  hexane market  is expected to reach USD 2.36 billion by 2024, according to a new report by Grand View Research, Inc. The growth of oil extraction industry is expected to remain a key factor driving the global hexane market over the forecast period. Growing use of hexane across key end-use industries such as rubber and petrochemical is anticipated to boost the global market over the next eight years. It is extensively used as a special purpose solvent and as an oil extractant in industries such as printing, textiles, and leather. Extraction emerged as the dominant grade owing to its wider applicability and demand from growing edible oil industry. The grade accounted for over 55% of the overall consumption in 2015. Edible oil demand has been witnessing significant growth for the past few years owing to increasing consumption of fried food. Factors such as rising purchasing power of consumers along with evolving dietary habits have led to a shift in consumer p...
Post a Comment
Read more

Polyurethane (PU) Foam Market is Considered as One of the Rapidly Growing Dynamic Markets

The global  Polyurethane Foam Market  is expected to reach USD 91.96 billion by 2024, according to a new report by Grand View Research, Inc. Increasing construction spending coupled with high demand from bedding & furniture industry for cushioning and insulation is estimated to drive industry growth.  Polyurethane foams consumption is anticipated to increase significantly owing to reduced wastage, elevated recyclability, greater sustainability, and reduce energy consumption throughout their life cycle. Growing requirement in end-use industries such as packaging and footwear is anticipated to further compliment growth.  Various governments and federal agencies are increasingly being concerned with detrimental health effects of isocyanates utilized in PU production. Recent trends in PU production include the elimination of chlorinated fluorocarbon blowing agents, due to toxicity & sustainability concerns. To request a sample copy or view summary of this...
Post a Comment
Read more