Press release
Nitrocellulose Market; 2018 Global Trends | Demand | Revenue | Opportunities | Application | Key players Analysis by Forecast to 2022
Nitrocellulose MarketNitrocellulose Market Abstract:
Nitrocellulose Market is estimated to reach approximately USD 950 million by 2022, after expanding at a CAGR % from 2016 to 2022.
Nitrocellulose is also known as gun cotton, it is highly inflammable compound. Physical properties such as better adhesion and non-reactivity to other paints are expected to compliment the overall demand. Nitrocellulose, when added to inks or coatings imparts special characteristics such as excellent adhesion, superior drying properties, and high solubility.
Nitrocellulose Market is segmented based on Product, application and region for foretasted period 2016 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.
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Nitrocellulose Market Insight:
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. To gain advantage, local manufacturers should increase their capacity and invest more in R&D activities. 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.
Nitrocellulose Market is geographically divided in Asia Pacific, Europe, North America and rest of the world (RoW). Out of these regions, Asia-Pacific is expected to will have the highest market share with the CAGR of XX % from 2014 to 2022. Due to rapid industrialization, growing trend of sustainable buildings and smart cities in countries like China, India, Brazil and South Korea will boost the market of nitrocellulose in the forecasted period 2022. North America’s market is second with respect to the global specialty market due to increase in disposable income of consumers, along with this increase need of cosmetics, food grains which has further increased the demand for nitrocellulose in this country. Increasing demand for electronic advancements from countries like Japan, China and Taiwan will also increase the demand of Nitrocellulose.
Data integration and capabilities are analyzed to support the findings and study the predicted geographical segmentation. Various key variables and regression models were considered to calculate the trajectory of nitrocellulose market. Detailed analysis is explained and given importance to with best working models.
Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of nitrocellulose market during the forecast period to 2022 is well explained.
Nitrocellulose 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.
By Product: M grade cellulose, E grade cellulose and others
By Application: Printing inks, automotive paints, wood coatings, leather finishes, nail varnishes and others
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Study Objectives of Nitrocellulose Market:
To study market overview of the Nitrocellulose market
To estimate market size by product, by application and region
To provide insights about market drivers, restrains and opportunities of nitrocellulose market
To provide geographically market analysis and outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
To analyze the global nitrocellulose market based on various factors- supply chain analysis, porters five force analysis etc.
To provide strategic profiling of the key players in the market, broadly analyzing their core competencies.
To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Nitrocellulose
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
Table of Content from Continue…,
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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