Press release
COVID-19 to Impact Demand Growth of Nitrocellulose Market | Nitro Quimica, Hagedorn, IVM Chemicals, EURENCO, Synthesia, Nitrochemie AG
Nitrocellulose Market
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Nitrocellulose has become a major component in several ink formulations as its significance emanates from its tremendous solvent release and compatibility with a slew of other additives. With the trend towards the petroleum-based products increasing by leaps and bounds, inclination towards nitrocellulose is likely to surge in the ensuing period.
Nitrocellulose is increasingly being used in an array of industrial segments in wood coatings, automotive paints, leather finishes and printing inks. Enlisted below are a few pointers that have transformed the dynamics of nitrocellulose market.
Meanwhile, in the automotive paint sector, the nitrocellulose industry is expected to garner lucrative growth given to the product’s remarkable compatibility with refinish & repair formulations. Rising inclination towards nano paints is anticipated to accelerate product significance. Additionally, the trending demand for custom automotive paints and coating may boost nitrocellulose market expansion in the passenger vehicle segment.
The packaging & labelling industry is expected to register high-rise demand for nitrocellulose compounds. Increasing consumption of packaged goods & food items have accelerated the demand for printing inks in the labelling applications. Rapid growth in the e-commerce sector along with increasing urbanization have bolstered the requirement for high-quality inks.
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Notable features like heat & smudge resistance and quick drying time have encouraged manufacturers to utilize nitrocellulose to develop sustainable printing inks. Moreover, expediating demand for detailed maps and high-quality posters & prints is anticipated to foster nitrocellulose market growth in the long run.
Nitrocellulose finds extensive application in leather furnishing items. It pertains the ability to impart natural texture and pleasant luster to leather products. Rising demand for premium leather goods such as shoes, jackets, wallets, and bags along with escalating trend towards luxury shopping would shape the growth trajectory of nitrocellulose market.
Major key players profiled in the market are Nitro Quimica, DuPont Specialty Solutions, Hagedorn GmbH, Hebei Sanmu Cellulose Co., Ltd., IVM Chemicals, EURENCO, Nitro Chemical Industry Co., Ltd., Synthesia, a.s., Hubei Xuefei Chemical Co., Ltd., Nitrex Chemicals India Pvt. Ltd., Nantong Tailida Chemical Co., Ltd., Nobel NC, Nitrochemie AG, Hengshui Orient Chemicals Co., Ltd., TNC Industrial Co., Ltd., Fenchem Biotek Ltd., Sichuan North Nitrocellulose Corporation (SNC), Hengshui New Eastern Chemical Industry Co., Ltd.
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