Pune, India -- (SBWIRE) -- 05/28/2019 -- The Global Nitrocellulose Market is estimated to grow at CAGR above 6% over the forecast time frame 2019-2026 and reach the market value around USD 1.2 billion by 2026.
The main component of smokeless gunpowder is nitrocellulose. In addition, in northern blots and southern blots in nuclear biology, nitrocellulose is used for the immobilisation of nucleic acids. Because of its non-specific affinity to amino acids, nitrocellulose is also used for immobilization of protein into western blots. In addition, nitrocellulose is widely used for diagnostic testing such as U-Albumin testing, pregnancy testing and CRP. Nitrocellulose is also known as collodion when dissolved in ether or other organic solvents. This solution is used as a medicines carrier and a wound dressing. Nitrocellulose is also used in nail polish and hair colouring. Lacquer and paint with nitrocellulose are also used in guitar manufacturing. In order to protect the aircraft's material, nitro-cellulose lacquer is also used as an aircraft dope. In all these diverse applications, the growing demand for nitrocellulose is expected to drive the global nitrocellulose market over the coming years.
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Growth Factors
The global market is expected to drive a broad range of applications in a number of end-use industries. In engraving and flexographic printing applications nitrocellulose based inks are used. Printing ink applications have increased in the recent past and are expected to have a positive impact on the growth of the market. The overall demand is expected to complement physical properties such as better adhesiveness and non-reactivity to other paints.
In addition to inks or coatings, nitrocellulose gives specific features like superior drying characteristics and high solubility. Governments around the world have made several regulations and imposed different mandatory policies on imports of this product for import licenses for public interest and to prevent the substance from being misused and safeguarding. Industrial nitrocellulose is classified as a dangerous substance and is therefore subject to various explosive substance regulations. Such a classification leads to increased precautions and associated costs. Continued industrialisation, however, should create ample expansion opportunities.
Key Findings
In 2018, the world market for nitrocellulose was around USD 700 million, and CAGR is forecast to exceed 6% between 2019 and 2026.
Over 24 per cent of the total share of the 2018 wood coatings accounted for. Because their characteristics are suitable for furniture coating, nitrocellulose-based paints are preferred to conventional products.
The largest and most rapidly growing application over the projected years will, however, be printing inks.
Asia Pacific became the leading regional market with more than 45% of worldwide demand in 2018.
In view of the rapid growth of the country's printing inks industry, China is APAC's largest consumer of products.
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Key Players & Strategies
Atomax Chemicals Co. is one of the major business members. Others include Nitro Quimica, TNC Industrial Co. Ltd, Bergerac N.C., Abu Zaabal Co. Hagedorn NC, Nitrex Chemicals India Pvt., Dow Wolff Cellulosics Gmb HG, Ltd. These businesses are investing more in R&D to create sustainable feedstock effective goods. Furthermore, companies strive to reach a competitive advantage on certain variables, such as scale savings, innovations, prices and operating costs.
The sector is subject to numerous laws that govern its production procedures and the use of apps in different end-use sectors. Several bodies have established numerous directives on the processes of transport, production and disposal. The companies focus on extending their portfolio to respond to growing demand and to compete with current multinational companies. Nitrex Chemicals India Pvt, for instance, in March 2004. In order to grow their brand portfolio, India cellulose nitrate company Ltd. has bought the Imperial Chemical Industries (ICI).
Key competitors focus on cooperation and licensing agreements for the exchange of technical knowledge linked to therapeutic haemoglobinopathy. For example, in January 2014, the global cooperation agreement for therapeutic development of hemoglobinopathy was announced by Bioverativ and Sangamo Therapeutics, Inc.
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Nitrocellulose
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Nitrocellulose Market By Application
1.2.2.1. Global Nitrocellulose Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.2.2. Global Nitrocellulose Market Revenue Share By Application in 2017
1.2.2.3. Printing inks
1.2.2.4. Leather finishes
1.2.2.5. Nail Varnishes
1.2.2.6. Automotive paints
1.2.2.7. Wood coatings
1.2.2.8. Others
1.2.3. Nitrocellulose Market by Geography
1.2.3.1. Global Nitrocellulose Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.3.2. North America Nitrocellulose Market Revenue and Growth Rate (2015-2026)
1.2.3.3. Europe Nitrocellulose Market Revenue and Growth Rate (2015-2026)
1.2.3.4. Asia-Pacific Nitrocellulose Market Revenue and Growth Rate (2015-2026)
1.2.3.5. Latin America Nitrocellulose Market Revenue and Growth Rate (2015-2026)
1.2.3.6. Middle East and Africa (MEA) Nitrocellulose Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter's Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Nitrocellulose Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Nitrocellulose Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Nitrocellulose Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Nitrocellulose Major Manufacturers in 2017
CHAPTER 4. NITROCELLULOSE MARKET BY TYPE
4.1. Global Nitrocellulose Revenue By Application
4.2. Printing inks
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Leather finishes
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Nail Varnishes
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Automotive paints
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Wood coatings
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.7. Others
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. NORTH AMERICA NITROCELLULOSE MARKET BY COUNTRY
5.1. North America Nitrocellulose Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2. North America Nitrocellulose Market Revenue Share Comparison, 2015 & 2026 (%)
5.3. U.S.
5.3.1. U.S. Nitrocellulose Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
5.4. Canada
5.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
5.5. Mexico
5.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 6. EUROPE NITROCELLULOSE MARKET BY COUNTRY
6.1. Europe Nitrocellulose Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. Europe Nitrocellulose Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. UK
6.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Germany
6.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.5. France
6.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.6. Spain
6.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.7. Rest of Europe
6.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 7. ASIA-PACIFIC NITROCELLULOSE MARKET BY COUNTRY
7.1. Asia-Pacific Nitrocellulose Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Asia-Pacific Nitrocellulose Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. China
7.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Japan
7.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. India
7.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Australia
7.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. South Korea
7.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.8. Rest of Asia-Pacific
7.8.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. LATIN AMERICA NITROCELLULOSE MARKET BY COUNTRY
8.1. Latin America Nitrocellulose Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Latin America Nitrocellulose Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. Brazil
8.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Argentina
8.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. Rest of Latin America
8.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. MIDDLE EAST NITROCELLULOSE MARKET BY COUNTRY
9.1. Middle East Nitrocellulose Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Middle East Nitrocellulose Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Saudi Arabia
9.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. UAE
9.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Middle East
9.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. AFRICA NITROCELLULOSE MARKET BY COUNTRY
10.1. Africa Nitrocellulose Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Africa Nitrocellulose Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. South Africa
10.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. Egypt
10.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Africa
10.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Atomax Chemicals Co.
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Nitro Quimica
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. TNC Industrial Co. Ltd,
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Bergerac N.C.
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Abu Zaabal Co.
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Hagedorn NC
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Nitrex Chemicals India Pvt.
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Dow Wolff Cellulosics Gmbh HG, Ltd.
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Others
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
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