Nitrocellulose Market Size 2019 Global Top Key Players – Nitro Química, TNC Pvt. Ltd., Nitro Nobel Group, Nitrex Chemicals India Limited, Synthesia and Forecast to 2025

Nitrocellulose Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025. Rapidly growing cosmetics, paints & coatings and printing inks industries across the globe, especially in the emergent countries, are anticipated to drive growth of Global Nitrocellulose Market.
Global Nitrocellulose Market is valued at USD 670.4 Million in 2018 and expected to reach USD 1062.5 Million by 2025 with a CAGR of 6.80% over the forecast period.
Nitrocellulose is a highly inflammable compound produced by nitrating cellulose by exposure to nitric acid or other powerful nitrating agent. Nitrocellulose when utilized as a low-order explosive or propellant it is known as guncotton. In addition, if cellulose is not fully nitrated, then it can be used as a plastic film and also in wood coatings and printing inks. The growing demand for nitrocellulose from a diverse range of applications such as explosives, printing inks, wood coatings and plastic films across the globe is expected to drive the global nitrocellulose market in the forecast period.
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Global Nitrocellulose Market report is segmented on the basis of type, application, and region & country level. Based upon type, global nitrocellulose market is divided into E-grade nitrocellulose, M-grade nitrocellulose, A-grade nitrocellulose and other nitrocellulose. Based on applications, the nitrocellulose market is classified into printing inks, automotive paints, wood coatings, leather finishes, nail varnishes, and others.
The regions covered in this Nitrocellulose Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Nitrocellulose is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Global Nitrocellulose Market Report-
Some major key players for global Nitrocellulose market are SNPE, Nitro Quimica, TNC, The Dow Chemical Company, Nitro Chemical Industry, Nitrex Chemicals, Synthesia, Sichuan Nitrocell Corporation, Hengshui Orient Chemical, Hubei Xuefei Chemical, Jiangsu Tailida, Baoding Baofeng Nitrocell and others.
News:-
MANUCO Organized the 8th International Nitrocellulose Symposium in Bergerac (France)
8 June 2018, MANUCO organized the 8th International Nitrocellulose Symposium in Bergerac (France), the world's premier international gathering of experts to present the latest advances in the field of nitrocellulose, from the raw material to the final product.
Increasing Application in Printing, Leather, Automotive and Furniture Industries Drives the Growth of Global Nitrocellulose Market
Increasing application in printing, leather, automotive and furniture industries due to its benefits associated with quality measures drives the growth of nitrocellulose market. In addition, rise in demand from wood coatings, leather finishes, automotive paints, nail varnish and printing inks is also expected to fuel the growth of this market. For instance, according to British Coatings Federation, in 2016, the paint, printing inks and wall coverings industries supply the construction, home improvement, printing, automotive aerospace and other advanced manufacturing sectors worth over £ 188 billion to UK plc. This will lead to increase the demand for nitrocellulose market. However, high cost of the research and development may hamper the growth of the market. Moreover, emerging economies such as China, India and others, can create lucrative opportunities for the growth of global nitrocellulose market within the forecast period.
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Asia Pacific is Expected to Witness the Fastest Growth in the Global Nitrocellulose Market
The Global Nitrocellulose Market is segmented into North America, Europe, Asia-Pacific and Rest of the World (ROW). Asia Pacific is expected to witness the fastest growth owing to its emerging economies, such as India, Thailand, and China, are the largest producers and importers of the cellulosic material. Trade and use of cellulose nitrate in these countries are high due to increasing demand from end-use industries, such as printing inks, automotive paints, wood coatings, and leather tanning & finish. In addition, numerous manufacturers are also shifting their production bases to this region to reduce the production costs. These companies gain advantages, in terms of cheaper workforce, as well as low-cost raw materials. China emerged as the most significant user of nitrocellulose as a raw material. Furthermore, rapidly expanding printing inks industry in the country is a major factor contributing to the product demand.
Europe is expected to capture the second position in nitrocellulose market due to increasing demand from coating applications. According to Republic of Turkey Ministry of Economy, Turkish paint and coatings industry is one of the Europe’s biggest paint and coatings markets. The market share of Turkey in the global paint and coatings industry reached to 2 % with a market size of 850.000 tons and the value of 2 billion USD. Annual paint consumption per capita is 20 kg. As the paint and coating industry gain traction significantly the demand for nitrocellulose compounds also increases.
Key Benefits for Global Nitrocellulose Market Reports –
• Global Nitrocellulose Market report covers in-depth historical and forecast analysis.
• Global Nitrocellulose Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Nitrocellulose Market report helps to identify opportunities in marketplace.
• Global Nitrocellulose Market report covers extensive analysis of emerging trends and competitive landscape.

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Global Nitrocellulose Market Segmentation: -
By Type:
• E-grade Nitrocellulose
• M-grade Nitrocellulose
• A-grade Nitrocellulose
• Other Nitrocellulose
By Applications:
• Printing inks
• Automotive paints
• Wood coatings
• Leather finishes
• Nail Varnishes
• Others
By Regional & Country Level:
• North America
o U.S.
o Canada
• Europe
o UK.
o France
o Germany
o Italy
• Asia Pacific
o China
o Japan
o India
o Southeast Asia
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o GCC
o Africa
o Rest of Middle East and Africa

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