Pune, India -- (SBWIRE) -- 05/29/2018 -- Industry latest News:
September 2017- ChemSpec Ltd., established an agreement with Dow Chemical Company in order to act as a distribution partner for its various products such as Walsroder Nitrocellulose and Walsroder NC-Chip products across the U.S. With this agreement, Dow Chemical Company will expand its distribution network. Moreover, ChemSpec's responsibility as Dow's distributor is to expand the distribution channel for small to medium sized manufacturing companies by holding stock for the large user and small scale user.
Competitive Landscape
The Nitrocellulose report analyses the degree of competition among the major players as well as industry growth and market scenario. The global Nitrocellulose market comprises of numerous players operating in the market which include large scale and medium size manufacturers. The prominent market players operating in the global Nitrocellulose industry is focusing towards growth association specifically by Asia Pacific as medium scale and small scale producers are from this region specifically from China, South Korea, India, Malaysia, and Japan. Furthermore, the company is focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their production capacity of Nitrocellulose to meet the growing demand for Nitrocellulose.
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Leading Marketing Key Players:
Atomax Chemicals Co., Ltd.
Nitro Quimica
Hubei Xuefei Chemical
Hengshui Orient Chemical Co., Ltd.
Nobel NC
IVM Chemicals
Synthesia, antong Tailida Chemical Co., Ltd.
Nitro Chemical Industry Co., Ltd
The market is classified and analyzed on the basis of geographical segmentation which includes Americas, Europe, Asia-Pacific Middle East and Africa. Out of these Asia-Pacific holds the largest share in the market due to development in infrastructure and construction activities, the requirement of construction chemicals will increase successively in this region. Along with this growing trends of smart cities in countries like India will promote the demand of construction chemicals in construction sector. Drastic demand for R&D in Asia-Pacific countries will further increase the demand for nitrocellulose. The increase in demand for food grains in Brazil, Russia, India, China and South Africa will boost the market Growth; steady growth is seen in North America and Europe. Increase in disposable income and change in consumer's lifestyle has boosted the market of food grains, cosmetics and electronics which indirectly increase the market of nitrocellulose.
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