The global nitrocellulose market is expected to reach USD 1.43 billion by 2030, at a CAGR of 5.6% from 2022 to 2030. Nitrocellulose market growth would be driven by an increase in the number of industries where nitrocellulose can be used, ranging from automotive, textile, and construction to aerospace and personal care products over the forecast period.
Nitrocellulose is a material or compound formed by treating cellulose with concentrated nitric acid. The resultant compound is highly inflammable and hence is used in explosives. It is also called guncotton. The source of cellulose in the reaction mentioned above is primarily wood pulp. Along with its application in explosives, nitrocellulose is used in solvent-based paints, wood coating, nail varnishes, and polish finishing. It is preferred in automotive paints as it is a better adhesive and non-reactive with other paints. It is long-lasting, affordable with easy and faster application and gives out low odour. Its usage in printing inks is on the rise because of its high-quality results. Printing inks are highly used in the packaging industry which has seen an increase in demand because of the e-commerce boom in the pandemic. Nitrocellulose finds its application in the aerospace industry as well when it is used in emulsifiers. Nitrocellulose imparts qualities like durability, adhesion, faster drying and high solubility, which has led to its increasing applications in a wide variety of products.
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Nitrocellulose is used in industries like building and construction, automotive, personal care and cosmetics, textile, aerospace, to name a few. The form in which it is utilised ranges from automotive paints that are used in buildings, and automobiles to emulsifiers used in aerospace. With government schemes for housing and booming real estate, the demand for buildings and constructions will increase, resulting in increased demand for paint and furniture. With paint and furniture, the nitrocellulose market will experience a positive impact in the form of its automotive paint and wood coatings which are durable, aesthetic, resistant to erosion, have ease of application and are low maintenance.
Nitrocellulose market growth would be hampered by the highly inflammable nature of the compound, which needs proper handling, a lack of which can result in loss of property and life.
The pandemic hit countries around the world unexpectedly. It halted all economic activity by bringing labour-intensive industries to a standstill and the consumption demand to an all-time low. With time, consumption demand picked up through the e-commerce industry, driven by the rise in online demand for clothing apparel, leather accessories, including belts and jackets etc. Printing inks find their applications in publications, packaging, textile and leather industries which will only increase with the popularity of online shopping. This e-commerce boom will continue with increased internet penetration and developed digital technologies in the Asia Pacific. Japan and Malaysia are anticipated to drive the industry in Asia Pacific.
With the governments of the developing nations launching schemes with the promise of housing for all, construction activity has picked up in these nations. Along with building and construction experiencing a rise, the furniture industry is bound to follow this positive development. Nitrocellulose finds its application in automotive paint and wood coatings which will witness a rise along with the industries mentioned above.
The highly inflammable nature of nitrocellulose has led to its classification as a hazardous material. With this classification, the government is more vigilant about properly handling and granting of import licenses. Compliance to these rules and import guidelines of customs is time consuming, which eventually leads to costs running high. The ever-changing regulatory requirements also pose another challenge for the market players.
The global nitrocellulose market has been segmented based on product type, application, and region.
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific region emerged as the largest market for the global nitrocellulose market, with a 49.3% share of the market share in 2021.
Asia Pacific region Nitrocellulose Market Share in 2021 - 49.3%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global nitrocellulose industry.
Nippon Paint partnered with IVM chemicals, which specialize in cellulose-based manufacturing to promote its wood coating products. These wood coating products would be based on Japanese technologies. This partnership will promote the new product and help acquire new consumers.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Wide range of application
5.3. Restraints
5.3.1. Highly inflammable nature of nitrocellulose
5.4. Opportunities
5.4.1. Market boom of the E-commerce industry
5.4.2. Rapid urbanization of the developing nations
5.5. Challenges
5.5.1. Stringent government customs and guidelines
6. Global Nitrocellulose Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. M grade cellulose
6.3. E grade cellulose
6.4. Others
7. Global Nitrocellulose Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Biological
7.3. Chemical
7.4. Physical
8. Global Nitrocellulose Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Printing Inks
8.3. Automotive Paint
8.4. Wood Coating
8.5. Leather Finishing
8.6. Nail Varnishes
8.7. Other Applications
9. Global Nitrocellulose Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Nitrocellulose Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Nitrocellulose Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Nitrex chemicals India Pvt Ltd
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Component Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Nitro Quimica
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Component Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. TNC Industries
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Component Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. EURENCO
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Component Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
Hagedorn NC
11.4.7. Business Overview
11.4.8. Company Snapshot
11.4.9. Company Market Share Analysis
11.4.10. Company Component Portfolio
11.4.11. Recent Developments
11.4.12. SWOT Analysis
11.5. Dupont Speciality Solutions
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Component Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Nitrocellular Group
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Component Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Hengshui Orient Chemicals
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Component Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. ERN Cellulose Pvt. Ltd.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Component Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. North Sichuan Nitrocellulose Corporation
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Component Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
List of Table
1. Global Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
2. Global M Grade Cellulose Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
3. Global E Grade Cellulose Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
4. Global Others Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
5. Global Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
6. Global Printing Inks Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
7. Global Automotive Paint Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
8. Global Wood Coating Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
9. Global Leather Finishing Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
10. Global Nail Varnishes Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
11. Global Other Applications Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
12. Global Nitrocellulose Market, By Region, 2022-2030 (USD Billion)
13. North America Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
14. North America Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
15. U.S. Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
16. U.S. Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
17. Canada Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
18. Canada Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
19. Mexico Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
20. Mexico Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
21. Europe Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
22. Europe Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
23. Germany Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
24. Germany Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
25. France Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
26. France Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
27. U.K. Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
28. U.K. Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
29. Italy Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
30. Italy Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
31. Spain Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
32. Spain Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
33. Asia Pacific Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
34. Asia Pacific Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
35. Japan Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
36. Japan Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
37. China Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
38. China Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
39. India Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
40. India Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
41. South America Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
42. South America Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
43. Brazil Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
44. Brazil Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
45. Middle East and Africa Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
46. Middle East and Africa Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
47. UAE Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
48. UAE Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
49. South Africa Nitrocellulose Market, By Product Type, 2022-2030 (USD Billion)
50. South Africa Nitrocellulose Market, By Application, 2022-2030 (USD Billion)
List of Figures
1. Global Nitrocellulose Market Segmentation
2. Nitrocellulose Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Nitrocellulose Market Attractiveness Analysis By Product Type
9. Global Nitrocellulose Market Attractiveness Analysis By Application
10. Global Nitrocellulose Market Attractiveness Analysis By Region
11. Global Nitrocellulose Market: Dynamics
12. Global Nitrocellulose Market Share by Product Type (2021 & 2030)
13. Global Nitrocellulose Market Share by Application (2021 & 2030)
14. Global Nitrocellulose Market Share by Application (2021 & 2030)
15. Global Nitrocellulose Market Share by Regions (2021 & 2030)
16. Global Nitrocellulose Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2022 to 2030. The Brainy Insights has segmented the global nitrocellulose market based on below mentioned segments:
Global Nitrocellulose Market by Product Type:
Global Nitrocellulose Market by Application:
Global Nitrocellulose Market by Region:
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