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Nitrocellulose Market share - Global Industry Size Report 2018-2024 | Key Players: The Dow Chemical Company, Tembec, Nitro Quimica, EURENCO, Synthesia, a.s., IVM Chemicals
Nitrocellulose Market
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Rising flexographic and gravure inks applications in packaging industry will enhance the nitrocellulose market demand. Flexographic and gravure inks generated more than USD 850 million revenue in 2015. Technical innovations lead to increasing applications in explosives and gunpowder owing to its considerable features. Automotive paints market size will exceed USD 170 million, with over 5% CAGR up to 2023. Increasing automobile industry expansion particularly China, India, Thailand and Indonesia accompanied by regulatory compliance through incentives and subsidies will drive the automotive application scope.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Atomax
2. Nitro Quimica
3. Hengshui Orient Chemical Co., Ltd.
4. Hubei Yihua Chemical Industry Co., Ltd
5. Nobel NC
6. Synthesia, a.s.
7. IVM Chemicals
8. Hagedorn
9. Nantong Tailida Chemical Co., Ltd.
10. Nitro Chemical Industry Co., Ltd.
11. Tembec
12. The Dow Chemical Company
13. TNC Kimia Raya
14. Sichuan North Nitrocellulose Corporation
15. Nitrochemie Aschau GmbH
16. Nitrex Chemicals India Limited
17. EURENCO
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Leather manufacturing industries will enhance the overall nitrocellulose market growth with increasing nitrocellulose uses in finishing applications. Leather industry is estimated record over 35 kilotons up to 2023. Shift in preference for nitrocellulose paints is observed as they are easy to use & apply and well-suited with wide range of extracts. Its substantial properties including high adhesive, quick dry and aesthetic appeal will drive wood polishing in furniture industry. Increasing computer uses and growing digitization causing reduction in printing ink usage may hamper the industry growth. Stringent regulations by FDA and EU on transportation owing to its highly inflammable properties are major challenges as it increases the operational costs.
Rising e-commerce exposure and increasing consumer consciousness about online shopping aided the furniture applications, which in turn will support product penetration. North America, driven by the U.S. nitrocellulose market will observe gains at over 5% by 2023. U.S wood coating applications will value more than USD 28 million revenue up to 2023.
Nitrocellulose market by application
• Automotive Paints
• Printing inks
• Leather finishes
• Wood coatings
• Nail Varnishes
• Others
Browse key industry insights spread across 119 market data tables & 13 figures & charts from the report, “Nitrocellulose Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/nitrocellulose-market-report
Europe, led by UK, Germany, and France, will witnesses sluggish gains due to strict government regulations. Germany automotive paints market size will generate above 3 kilotons, accounting for over 4% CAGR by 2023. In Germany, the automotive paints applications will register growth rate with 3% CAGR during estimated time frame.
Global nitrocellulose market share is highly fragmented with large presence of regional companies competing with MNCs. Dow Wolff, Tembec and Nitro Quimica are the notable industry participants. Increasing regional companies operating in unorganized sector has led MNCs to extend product portfolio and involve in partnership with local distributors to improve the geographical coverage. Atomax Chemicals, TNC Industrial, IVM Chemicals, EURENCO and Synthesia are the other companies.
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