Global Nitrocellulose Market Information by Product (M grade cellulose, E grade cellulose and others), by Application (Printing inks, automotive paints, wood coatings, leather finishes, nail varnishes and others) and by Region – Forecast to 2022
Market Synopsis of Global Nitrocellulose Market
Global Nitrocellulose market is estimated to reach approximately USD 950 million by 2022, after expanding at a CAGR of XX % from 2016 to 2022. Nitrocellulose is also known as guncotton, 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.
The global Nitrocellulose market is segmented based on Product, application and region for forecasted 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.
On basis of application, the global Nitrocellulose market can be segmented into Printing inks, automotive paints, wood coatings, leather finishes, nail varnishes and others .print inking inks is driven by technology advancement and eco-friendly inks. Print inking inks is largest application industry of nitrocellulose market. automotive paints is second largest segment in Nitrocellulose .Wood coating manufacturing process highly utilize Nitrocellulose as it is has ability of multiple coating applications and it is user friendly, Nitrocellulose is expected to witnessed a significant growth in forecasted period.
Geographically, Asia-Pacific region dominates the Nitrocellulose market both in terms of volume and value and is expected to grow significantly at a CAGR of XX % in 2022. China is major revenue generating country due to growing end user industry and increase in consumption rate of chemicals by manufacturers. North America, Europe accounts for second and third market share in this segment.
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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 ofnitrocellulose 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 globalnitrocellulose 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 GlobalNitrocellulose
The key players of global 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.
Reasons to buy
- This report includes in-depth study analysis of Nitrocellulose market
- It covers market segmentation by type, by application and by end user.
- It helps in identifying region-wise major suppliers and understand consumption patterns.
- The report will provide useful and premium insights that will support in investments of Nitrocellulose and allied companies providing details on the fast-growing segments and regions.
- In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.
- The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and supported by authentic industry data from secondary sources.
- Nitrocellulose producers
- Traders and distributors
- Association and government bodies.
- Application industries
- Electronic manufacturers
- Research institute
The report for Global Nitrocellulose Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies
of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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