Nitrocellulose Market to grow by USD 346.65 Mn between 2021-2026, 41% of the growth to originate from APAC – Technavio – QNT Press Release

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NEW YORK, Oct. 4, 2022 /PRNewswire/ — The nitrocellulose market size is set to grow by USD 346.65 millionat a CAGR of 7.23% from 20221 to 2026. The abundant availability of cellulose and simple manufacturing process for nitrocellulose, growth of the furniture industry, and increasing demand for nitrocellulose in emerging economies will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report.

Nitrocellulose Market Vendor Analysis

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • AGROFERT AS
  • Companhia Nitro Quimica Brasileira
  • Eurenco
  • GRN Cellulose Pvt. Ltd.
  • Hagedorn AG
  • Hubei Xuefei Chemical Co. Ltd.
  • International Flavors and Fragrances Inc.
  • IVM SRL
  • Jiangsu Telida Group
  • MAXAMCORP HOLDING SL

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Buy Sample Report.

Nitrocellulose Market Segmentation
  • Application
    • Printing Ink
      • There will be a significant increase in nitrocellulose market share in the printing ink segment. Food is typically packaged using printing inks made of nitrocellulose because they are environmentally safe and don’t contain hazardous monomers. Lamination and surface printing both use printing inks with nitrocellulose bases . Due to their odourlessness, gloss, and great adhesion to a wide range of surfaces, they are favored in the packaging and flexographic printing industries.
    • Automotive Paint
    • Wood Coating
    • Leather Finishes
    • Others
  • Geography
    • APAC
      • APAC will account for 41% of market growth. The three biggest markets in APAC for nitrocellulose are China, South Koreaand Japan. This region’s market will expand more quickly than those in other areas. The significant investments made in growing economies like India, Chinaand other APAC countries across all major end-user segments, such as automotive paints and wood coatings, will support the expansion of the nitrocellulose market in APAC over the forecast period.
    • Europe
    • North America
    • Middle East And Africa
    • South America

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

Nitrocellulose Market Key Highlights
  • CAGR of the market during the forecast period
  • Detailed information on factors that will assist nitrocellulose market growth during the next five years
  • Estimation of the nitrocellulose market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the nitrocellulose market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of nitrocellulose market vendors

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Nitrocellulose Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.23%

Market growth 2022-2026

$346.65 million

Market structure

Fragmented

YoY growth (%)

6.7

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key consumer countries

US, China, South Korea, Japan, Germany, and Italy

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AGROFERT AS, Companhia Nitro Quimica Brasileira, Eurenco, GRN Cellulose Pvt. Ltd., Hagedorn AG, Hubei Xuefei Chemical Co. Ltd., International Flavors and Fragrances Inc., IVM SRL, Jiangsu Telida Group, MAXAMCORP HOLDING SL, Nitrex Chemicals India Ltd ., Nitro Chemical Industry Ltd., Nitrochemie Wimmis AG, Nitroparis SL, TNC Industrial Co. Ltd., and VS Chem Ltd.

Full story available on Benzinga.com

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