Nitrocellulose Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Nitrocellulose Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • January 2022 •
  • 143 pages •
  • Report ID: 6223573 •
  • Format: PDF
The global nitrocellulose market reached a value of US$ 772 Million in 2021.

Looking forward, the analyst expects the market to reach US$ 1,083 Million by 2027, exhibiting a CAGR of 5.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Nitrocellulose (C18H21N11O38) is a polymer produced by treating cellulose, such as cotton linters and wood pulp, with a mixture of nitric and sulfuric acids. It is highly flammable, non-toxic, and immiscible in water, which makes it an excellent propellant for large munitions. As a result, it finds numerous applications in everyday life, ranging from smokeless gun powder to waterproof fuses in pyrotechnics to inks, adhesives, varnishes, resins, and lacquer coatings. Besides this, it is also utilized in embedding sections in microscopy, photography, electro techniques, galvanoplasty, and plastics worldwide.

Nitrocellulose Market Trends:
The extensive use of nitrocellulose in different end use industries across the globe represents one of the major factors impelling the market growth. For instance, it is employed in the automotive industry for manufacturing high-performance paints for metal surfaces on vehicles. Additionally, boosting sales of vehicles on account of improving income levels and rapid urbanization is contributing to the market growth. Moreover, due to its excellent adhesion, durability, toughness, solubility, and quick solvent release under ambient drying conditions, nitrocellulose is used in the formulation of cosmetics and personal care products. This, in confluence with the escalating demand for these products, is driving the adoption of nitrocellulose in manicuring products, basecoats and undercoats, nail creams and lotions, and nail polish, enamels, and removers. Apart from this, it is utilized in the pharmaceutical industry to make over-the-counter (OTC) drug products for the removal of corns, warts, and calluses. Nitrocellulose is also gaining traction for producing membranes that are used to immobilize deoxyribonucleic acid (DNA), ribonucleic acid (RNA), or protein with a labeled sequence or antibody, microscopy embedding, electro techniques, skin protectants, and microfilters.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global nitrocellulose market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and end use industry.

Breakup by Product:
M Grade Cellulose
E Grade Cellulose
A Grade Cellulose

Breakup by Application:
Printing Inks
Automotive Paints
Wood Coatings
Leather Finishes
Nail Varnishes

Breakup by End Use Industry:
Building and Construction
Personal Care and Cosmetics

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being DuPont de Nemours Inc., GRN Cellulose Pvt. Ltd., Hagedorn NC, Hubei Xufei Chemical Co. Ltd., IVM Chemicals srl, Nitrex Chemicals India Ltd., Nitro Chemical Industry Ltd., Nitro Química, Rayonier Advanced Materials, Rheinmetall AG, Synthesia a.s., T.N.C. Industrial Co. Ltd. and The Nitrocellulose Group.

Key Questions Answered in This Report:
How has the global nitrocellulose market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global nitrocellulose market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global nitrocellulose market and who are the key players?
What is the degree of competition in the industry?