Press release
Global Nitrocellulose Market 2018 - Corporate Financial Plan, Business Competitors, Manufacturers, Supply and Revenue
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 2016 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 color paint is predicted to fuel the demand for nitrocellulose market. Moreover, it find 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. Furthermore, increasing vehicle manufacturing combined with demand for safety features is attributed to the growth of automotive market, which in turn is estimated to drive the demand for Nitrocellulose. In addition, leather materials are commonly coated with nitrocellulose induced leather finishes which protect it from heat and moisture and enhance durability. Additionally, the global leather industry is decreasing on account of changing consumer preference for cheaper leather alternatives. Increasing usage in sealants and adhesives along with rising building & construction activities is predicted to fuel the demand for nitrocellulose market over the estimated period.
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Key Players:
Atomax Chemicals Co., Ltd., Nitro Quimica, Hubei Xuefei Chemical, Hengshui Orient Chemical Co., Ltd., Nobel NC, IVM Chemicals, Synthesia, antong Tailida Chemical Co., Ltd., Nitro Chemical Industry Co., Ltd. among others are some of the prominent players at the forefront of competition in the Global Nitrocellulose Market and are profiled in MRFR Analysis.
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Industry/ Innovation/ Related News:
September 2017- ChemSpec Ltd., established an agreement with Dow Chemical Company in order to act as a distribution partner for its various products such as Walsroder Nitrocellulose and Walsroder NC-Chip products across the U.S. With this agreement, Dow Chemical Company will expand its distribution network. Moreover, ChemSpec's responsibility as Dow's distributor is to expand the distribution channel for small to medium sized manufacturing companies by holding stock for the large user and small scale user.
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