Market Overview:
Nitrocellulose is a colorless, flammable, and explosive liquid that is soluble in alcohol and ether. It is used as a solvent, an adhesive, and a coating. Nitrocellulose can be produced from cotton or wood pulp. The global nitrocellulose market was valued at US$ 1,527 million in 2017 and is projected to reach US$ 2,362 million by 2030 at a CAGR of 5.1%. The global nitrocellulose market has been segmented on the basis of type into E-grade nitrocellulose, M-grade nitrocellulose A-grade nitrocellulose,, and others. On the basis of application it has been segmented into coatings & paints printing inks,, celluloid,, adhesives,, sealants,, explosives & propellants), lacquers., Others). The North America region accounted for the largest share of the global nitrocelullosae market in 2017 owing to high demand from end user industries such as automotive coatings & paints,. printing ink industry,. etc.). Asia Pacific region is projected to grow at the highest CAGR during forecast period due to increasing demand for celluloid products from countries such as China India , etc.), rising investments by key players operating in this region. Some of the major players operating in this market are BASF SE (Germany), Celanese Corporation (U.
Product Definition:
Nitrocellulose is a highly flammable compound made of nitrated cellulose, typically used as a propellant and explosives. Nitrocellulose has been used in fireworks, guns, and other explosives.
E-grade Nitrocellulose:
E-grade nitrocellulose is a cellulose ether, which is produced from the reaction of cellulose with nitric acid. Cellulose being an organic compound, it contains oxygen and nitrogen in them. Nitrogen being a highly reactive element makes it easy for the product to catch fire when exposed to heat or air.
M-grade Nitrocellulose:
M-grade nitrocellulose is a cellulose ether, which is manufactured by the chemical modification of regular nitrocellulose. Cellulose ethers are used as explosive fillers in various industries such as mining, construction and explosives manufacturing among others. M-grade Nitrocellulose has high purity levels and offers an improved performance over its counterpart which makes it suitable for applications requiring high precision including delicate mechanisms or sensitive electronics.
Application Insights:
The global market is segmented by application into coatings and paints, printing inks, celluloid, and others. The coatings and paints application segment dominated the overall industry in terms of revenue share at over 40% in 2017. This high share is attributable to the extensive use of nitrocellulose lacquer for protective coating on metal surfaces that require resistance against corrosion or oxidation.
Nitrocellulose based paint systems are also used as a base under which other types of paints can be applied for enhanced adhesion properties to substrates such as steel, concrete & masonry surfaces among others. These factors are anticipated to drive product demand from the Coatings And Paints application segment over the forecast period.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of global nitrocellulose market in 2016 owing to high product demand from various end-use industries, such as printing inks, coatings and plastics. China emerged as a major consumer due to rapid industrialization coupled with strong economic growth.
The growing population coupled with rising living standards have led to an increase in consumer spending on household products including paints and coatings that are likely to drive product consumption over the coming years.
Growth Factors:
- Increasing demand from the packaging and printing industries as a result of its excellent barrier properties against moisture, gas, and light.
- Growing use in the manufacture of medical devices and implants due to its biocompatibility.
- Rising demand for nitrocellulose in the production of explosives and propellants for military applications.
- Increasing application scope in the construction sector as a flame retardant additive for plastics and other materials used in buildings.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitrocellulose Market Research Report
By Type
E-grade Nitrocellulose, M-grade Nitrocellulose, A-grade Nitrocellulose, Others
By Application
Coatings and Paints, Printing Inks, Celluloid, Other
By Companies
Sichuan Nitrocell Corporation, Nobel NC, Nitro QuÃmica, SNPE, DowDuPont, TNC, Hubei Xuefei Chemical, Hengshui Orient Chemical, Nitrex Chemicals, Synthesia, Xinxiang T.N.C Chemical, Jiangsu Tailida, Hengshui Beixin Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Nitrocellulose Market Report Segments:
The global Nitrocellulose market is segmented on the basis of:
Types
E-grade Nitrocellulose, M-grade Nitrocellulose, A-grade Nitrocellulose, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coatings and Paints, Printing Inks, Celluloid, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sichuan Nitrocell Corporation
- Nobel NC
- Nitro QuÃmica
- SNPE
- DowDuPont
- TNC
- Hubei Xuefei Chemical
- Hengshui Orient Chemical
- Nitrex Chemicals
- Synthesia
- Xinxiang T.N.C Chemical
- Jiangsu Tailida
- Hengshui Beixin Chemical
Highlights of The Nitrocellulose Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- E-grade Nitrocellulose
- M-grade Nitrocellulose
- A-grade Nitrocellulose
- Others
- By Application:
- Coatings and Paints
- Printing Inks
- Celluloid
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nitrocellulose Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nitrocellulose is a type of cellulose that has been treated with nitric acid. This treatment makes the cellulose more resistant to degradation by bacteria and fungi, which makes it an ideal material for manufacturing film and paper.
Some of the major players in the nitrocellulose market are Sichuan Nitrocell Corporation, Nobel NC, Nitro QuƒÂmica, SNPE, DowDuPont, TNC, Hubei Xuefei Chemical, Hengshui Orient Chemical, Nitrex Chemicals, Synthesia, Xinxiang T.N.C Chemical, Jiangsu Tailida, Hengshui Beixin Chemical.
The nitrocellulose market is expected to grow at a compound annual growth rate of 5.1%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nitrocellulose Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nitrocellulose Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nitrocellulose Market - Supply Chain
4.5. Global Nitrocellulose Market Forecast
4.5.1. Nitrocellulose Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nitrocellulose Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nitrocellulose Market Absolute $ Opportunity
5. Global Nitrocellulose Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Nitrocellulose Market Size and Volume Forecast by Type
5.3.1. E-grade Nitrocellulose
5.3.2. M-grade Nitrocellulose
5.3.3. A-grade Nitrocellulose
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nitrocellulose Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Nitrocellulose Market Size and Volume Forecast by Application
6.3.1. Coatings and Paints
6.3.2. Printing Inks
6.3.3. Celluloid
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nitrocellulose Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Nitrocellulose Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Nitrocellulose Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Nitrocellulose Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Nitrocellulose Demand Share Forecast, 2019-2026
9. North America Nitrocellulose Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Nitrocellulose Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Nitrocellulose Market Size and Volume Forecast by Application
9.4.1. Coatings and Paints
9.4.2. Printing Inks
9.4.3. Celluloid
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nitrocellulose Market Size and Volume Forecast by Type
9.7.1. E-grade Nitrocellulose
9.7.2. M-grade Nitrocellulose
9.7.3. A-grade Nitrocellulose
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Nitrocellulose Demand Share Forecast, 2019-2026
10. Latin America Nitrocellulose Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Nitrocellulose Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Nitrocellulose Market Size and Volume Forecast by Application
10.4.1. Coatings and Paints
10.4.2. Printing Inks
10.4.3. Celluloid
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nitrocellulose Market Size and Volume Forecast by Type
10.7.1. E-grade Nitrocellulose
10.7.2. M-grade Nitrocellulose
10.7.3. A-grade Nitrocellulose
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Nitrocellulose Demand Share Forecast, 2019-2026
11. Europe Nitrocellulose Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Nitrocellulose Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Nitrocellulose Market Size and Volume Forecast by Application
11.4.1. Coatings and Paints
11.4.2. Printing Inks
11.4.3. Celluloid
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nitrocellulose Market Size and Volume Forecast by Type
11.7.1. E-grade Nitrocellulose
11.7.2. M-grade Nitrocellulose
11.7.3. A-grade Nitrocellulose
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Nitrocellulose Demand Share, 2019-2026
12. Asia Pacific Nitrocellulose Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Nitrocellulose Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Nitrocellulose Market Size and Volume Forecast by Application
12.4.1. Coatings and Paints
12.4.2. Printing Inks
12.4.3. Celluloid
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nitrocellulose Market Size and Volume Forecast by Type
12.7.1. E-grade Nitrocellulose
12.7.2. M-grade Nitrocellulose
12.7.3. A-grade Nitrocellulose
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Nitrocellulose Demand Share, 2019-2026
13. Middle East & Africa Nitrocellulose Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Nitrocellulose Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Nitrocellulose Market Size and Volume Forecast by Application
13.4.1. Coatings and Paints
13.4.2. Printing Inks
13.4.3. Celluloid
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nitrocellulose Market Size and Volume Forecast by Type
13.7.1. E-grade Nitrocellulose
13.7.2. M-grade Nitrocellulose
13.7.3. A-grade Nitrocellulose
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Nitrocellulose Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nitrocellulose Market: Market Share Analysis
14.2. Nitrocellulose Distributors and Customers
14.3. Nitrocellulose Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sichuan Nitrocell Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nobel NC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nitro Química
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SNPE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DowDuPont
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TNC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hubei Xuefei Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hengshui Orient Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nitrex Chemicals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Synthesia
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Xinxiang T.N.C Chemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jiangsu Tailida
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hengshui Beixin Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
