Report Id: CMNM0721
Nitrocellulose Market Size by Product (M Grade cellulose, E Grade Cellulose, Others), By Application (Printing inks, Automotive paints, Wood coatings, Leather finishes, Nail Varnishes), By End-use Outlook (Commercial, Business & General Aviation, Military), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2022-2027
The Nitrocellulose Market is expected to be around US$ 1.2 Billion by 2027 at a CAGR of 5.5% in the given forecast period.
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Major Players
- EURENCO
- Hagedorn NC
- GRN Cellulose Pvt. Ltd
- Hengshui Orient Chemical Co., Ltd
- Nitrex Chemicals India Pvt. Ltd
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
5
REPORT DESCRIPTION
The Nitrocellulose Market is expected to be around US$ 1.2 Billion by 2027 at a CAGR of 5.5% in the given forecast period.
Nitrocellulose is an extremely flammable compound made from nitric acid, cellulose, or other heavy nitrate compounds. Nitrocellulose is referred to as guncotton when used as a low- propellant or command explosive. If cellulose is not totally nitrated, it can also be used as a plastic film, as well as in ink printing and wooden coatings. The global demand for nitrocellulose is expected to develop due to a range of applications, including wood coatings, plastic films, explosives, and printing tins. Moreover, changes in fashion trends and growth in customer spending on high-quality clothing fuel the demand for footwear, comfortable, and multifunctional apparel, which is expected to boost the development of the nitrocellulose market. Moreover, high gloss or matte finishes are needed for leather products to enhance their appearance and deliver protection against heat and moisture, which benefits the cellulose nitrate industry. Nitrocellulose is also used in sterility tests for pharmaceutical products, nail varnishes, and lacquer as an aircraft dope in the cosmetic industry. Stringent government regulations related to use in cosmetics due to bad effects, as well as transport of nitrocellulose due to its flammability, is expected to suppress the market development to some extent.
The global Nitrocellulose market is segregated on the basis of Product as M Grade cellulose, E Grade Cellulose, and Others. Based on Application the global Nitrocellulose market is segmented in Printing inks, Automotive paints, Wood coatings, Leather finishes, Nail Varnishes, and Others. Based on End-use Outlook the global Nitrocellulose market is segmented in Commercial, Business & General Aviation, Military, and Others.
The global Nitrocellulose market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Nitrocellulose market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
EURENCO, GRN Cellulose Pvt. Ltd. Hagedorn NC, Hengshui Orient Chemical Co., Ltd., Nitrex Chemicals India Pvt. Ltd., Nitrocellulose Group, Nitro Quimica, North Sichuan Nitrocellulose Corporation, Synthesia a.s., TNC Industrial Co. Ltd., and others are among the major players in the global Nitrocellulose market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Nitrocellulose Market has been segmented as below:
Nitrocellulose Market, By Product
- M Grade cellulose
- E Grade Cellulose
- Others
Nitrocellulose Market, By Application
- Printing inks
- Automotive paints
- Wood coatings
- Leather finishes
- Nail Varnishes
- Others
Nitrocellulose Market, By End-use Outlook
- Commercial
- Business & General Aviation
- Military
- Others
Nitrocellulose Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Nitrocellulose Market, By Company
- EURENCO
- GRN Cellulose Pvt. Ltd. Hagedorn NC
- Hengshui Orient Chemical Co., Ltd.
- Nitrex Chemicals India Pvt. Ltd.
- Nitrocellulose Group
- Nitro Quimica
- North Sichuan Nitrocellulose Corporation
- Synthesia a.s.
- TNC Industrial Co. Ltd.
The report covers:
- Global Nitrocellulose market sizes from 2018 to 2027, along with CAGR for 2022-2027
- Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
- Global Nitrocellulose market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Nitrocellulose market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Nitrocellulose market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Nitrocellulose market share. Major industry players with significant revenue share include EURENCO, GRN Cellulose Pvt. Ltd. Hagedorn NC, Hengshui Orient Chemical Co., Ltd., Nitrex Chemicals India Pvt. Ltd., Nitrocellulose Group, Nitro Quimica, North Sichuan Nitrocellulose Corporation, Synthesia a.s., TNC Industrial Co. Ltd., and others.
Reasons to Buy this Report:
- Gain detailed insights on the Nitrocellulose industry trends
- Find complete analysis on the market status
- Identify the Nitrocellulose market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customization
Customized report as per the requirement can be offered with appropriate recommendations
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Nitrocellulose Market, By Product
5.1. Key Points
5.2. M Grade cellulose
5.3. E Grade Cellulose
5.4. Others
6. Nitrocellulose Market, By Application
6.1. Key Points
6.2. Printing inks
6.3. Automotive paints
6.4. Wood coatings
6.5. Leather finishes
6.6. Nail Varnishes
6.7. Others
7. Nitrocellulose Market, By End-use Outlook
7.1. Key Points
7.2. Commercial
7.3. Business & General Aviation
7.4. Military
7.5. Others
8. Competitive Landscape
8.1. Introduction
8.2. Recent Developments
8.2.1. Mergers & Acquisitions
8.2.2. New Product Developments
8.2.3. Portfolio/Production Capacity Expansions
8.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.2.5. Others
9. Company Profiles
9.1 EURENCO
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 GRN Cellulose Pvt. Ltd. Hagedorn NC
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Hengshui Orient Chemical Co., Ltd.
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Nitrex Chemicals India Pvt. Ltd.
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Nitrocellulose Group
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Nitro Quimica
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 North Sichuan Nitrocellulose Corporation
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Synthesia a.s.
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 TNC Industrial Co. Ltd.
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
The Nitrocellulose Market has been segmented as below:
Nitrocellulose Market, By Product
- M Grade cellulose
- E Grade Cellulose
- Others
Nitrocellulose Market, By Application
- Printing inks
- Automotive paints
- Wood coatings
- Leather finishes
- Nail Varnishes
- Others
Nitrocellulose Market, By End-use Outlook
- Commercial
- Business & General Aviation
- Military
- Others
Nitrocellulose Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Nitrocellulose Market, By Company
- EURENCO
- GRN Cellulose Pvt. Ltd. Hagedorn NC
- Hengshui Orient Chemical Co., Ltd.
- Nitrex Chemicals India Pvt. Ltd.
- Nitrocellulose Group
- Nitro Quimica
- North Sichuan Nitrocellulose Corporation
- Synthesia a.s.
- TNC Industrial Co. Ltd.
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Nitrocellulose Market?
The market is expected to grow at a CAGR of 5.5% during the study period (2021-2027)
How big is the Nitrocellulose Market value?
The Nitrocellulose Market is expected to be around US$ 1.2 Billion by 2027
What is the segment’s covered for the Nitrocellulose Market?
The segment included in Nitrocellulose Market is Product, Application, End-use Outlook Company and region.
Who are the major key vendors in the Nitrocellulose Market?
Some key players operating in the Nitrocellulose Market include EURENCO, GRN Cellulose Pvt. Ltd. Hagedorn NC, Hengshui Orient Chemical Co., Ltd., Nitrex Chemicals India Pvt. Ltd., Nitrocellulose Group
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