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
Nitrocellulose Market, By Application
Nitrocellulose Market, By End-use Outlook
Nitrocellulose Market, By Region
Nitrocellulose Market, By Company
The report covers:
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.
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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
Nitrocellulose Market, By Application
Nitrocellulose Market, By End-use Outlook
Nitrocellulose Market, By Region
Nitrocellulose Market, By Company
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