Nitrocellulose Market
Nitrocellulose Market Highlights:
Nitrocellulose Market is estimated to reach approximately USD 950 Million by 2022.
Nitrocellulose or Cellulose Nitrate is one of the prominent film former known for the coatings, ink, film, and adhesive sector. Nitrocellulose market is estimated to witness strong growth due to its significant usage in automotive as well as printing ink application. Among application, printing ink accounted for the largest market share in 2017 and is estimated to retain its dominance over the forecast period on account of technological advancement.
Furthermore, increasing use of nitrocellulose-based ink in flexography and gravure painting due to its high quality and durable colour paint is predicted to fuel the demand for nitrocellulose market. Moreover, it finds wide application usage in nail varnishes which is ultimately utilized in cosmetic industry. Increasing per capita disposable income in developed and developing region along with increasing use of cosmetic item is estimated to drive the market growth.
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Nitrocellulose Market Key Players:
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.
Nitrocellulose Market Segmentation:
Nitrocellulose Market is mainly segmented on the basis of product and applications. Based on the type, the market is again segmented into M grade cellulose, E grade cellulose and others. On the basis of Application, the market is classified into Printing inks, automotive paints, wood coatings, leather finishes, nail varnishes and others.
Nitrocellulose Market Regional Analysis:
Asia-Pacific countries will further increase the demand for nitrocellulose. The increase in demand for food grains in Brazil, Russia, India, China and South Africa will boost the market Growth; steady growth is seen in North America and Europe. Increase in disposable income and change in consumer’s lifestyle has boosted the market of food grains, cosmetics and electronics which indirectly increase the market of nitrocellulose.
Nitrocellulose Market Application:
Nitrocellulose Market has been evaluated to be rapidly growing and is expected to reach further. Benefits such as vast scope of application, innovation in end-user products and rapid industrialization in developing the economy and increasing the market of nitrocellulose globally. Increase in price of raw material and regulations of government regarding usage of chemicals will hindered the market in coming years. The global nitrocellulose market is increasing due to growth in technology advancement and competitive pricing by local and regional vendors. Moreover, research of new product development according to standards set by government will also increase the demand of nitrocellulose in end-user industries. The market will see vigorous growth and related investment in the forecasted period along with technological advancement in nitrocellulose for applications. This is likely to increase further in future.
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Nitrocellulose Market to grow, these include development of eco-friendly nitrocellulose at competitive rates and vast potential of these chemicals in wide applications have great opportunity for manufacturers. Major driving factors for the market are innovations and technological advancements of automotive industry. Some of the factors which hamper the growth of nitrocellulose are change in price of raw materials and strict regulations of government for usage of nitrocellulose.
Nitrocellulose Market can be segmented into Printing inks, automotive paints, wood coatings, leather finishes, nail varnishes and others .print inking inks is driven by technology advancement and eco-friendly inks. Print inking inks is largest application industry of nitrocellulose market. automotive paints are second largest segment in Nitrocellulose. Wood coating manufacturing process highly utilize Nitrocellulose as it is having ability of multiple coating applications and it is user friendly, Nitrocellulose is expected to witness a significant growth in forecasted period.
Nitrocellulose Market is segmented based on Product, application and region for forecasted period 2018 to 2022. On basis of Nitrocellulose, it is segmented by Product as ‘M’ grade cellulose, ‘E’ grade cellulose and others. In ‘M’ grade cellulose, it is highly utilized in consumer products such as thickener and emulsifier in lubricants in nutritional supplement capsules and others.
Nitrocellulose Market Competitive Landscape:
Nitrocellulose report analyses the degree of competition among the major players as well as industry growth and market scenario. The global Nitrocellulose market comprises of numerous players operating in the market which include large scale and medium size manufacturers. The prominent market players operating in the global Nitrocellulose industry is focusing towards growth association specifically by Asia Pacific as medium scale and small-scale producers are from this region specifically from China, South Korea, India, Malaysia, and Japan. Furthermore, the company is focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their production capacity of Nitrocellulose to meet the growing demand for Nitrocellulose.
Nitrocellulose Market Table of Content:
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
Nitrocellulose Market Table of Content to be Continue…….,
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