Nitrocellulose Market to cross US$1.2 billion by 2025 | Nitro Quimica, Hagedorn, IVM Chemicals, EURENCO, Synthesia, Nitrochemie AG
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Nitrocellulose market is expected to showcase significant growth over the projected timeframe, with robust demand for high-quality automotive paints and leather products, particularly in developing regions. Some of the major manufacturers and suppliers of the substance globally include DuPont Specialty Solutions, Hagedorn GmbH, Nitro Quimica, Nantong Tailida Chemical Corporation, IVM Chemicals, Nitrochemie AG, and Hubei Xuefei Chemicals, among many others.
Meanwhile, in the automotive paint sector, the nitrocellulose market 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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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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