What is Nitro Cellulose?
Nitrocellulose, a very flammable compound is made by nitrating cellulose by contact to nitric acid or other powerful nitrating agent. Also known as cellulose nitrate, flash cotton, flash paper, guncotton, as well as flash string, is used in many applications. It is known as guncotton, when utilized as a low-order explosive or propellant. Furthermore, if cellulose is not completely nitrated, then it is used as a plastic film & also in wood coatings & printing inks. The rising demand for nitrocellulose from such a varied range of applications including printing inks, explosives, wood coatings & plastic films around the globe is likely to drive the global nitrocellulose market growth over the near future.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Hagedorn-NC GmbH (Germany), TNC Industrial (Taiwan), Nitrochemie AG (Switzerland), The Dow Chemical Company (United States), Sichuan nitrocell Co., LTD (China), Abu-Zaabal Fertilizer & Chemical Co. (Egypt), Atomax Chemicals (China), EURENCO (France), Nitro Quimica (Brazil) and Hengshui Orient chemical co., LTD (China) |
CAGR | 5.9% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Industrial Nitrocellulose and Energetic Nitrocellulose) , by application (Printing Inks, Automotive Paints, Wood Coatings, Leather finishes and Others) and major geographies. Research Analyst at AMA predicts that Chinese, German, and French Vendors will contribute to the maximum growth of Global Nitro Cellulose market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Nitro Cellulose market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Hagedorn-NC GmbH (Germany), TNC Industrial (Taiwan), Nitrochemie AG (Switzerland), The Dow Chemical Company (United States), Sichuan nitrocell Co., LTD (China), Abu-Zaabal Fertilizer & Chemical Co. (Egypt), Atomax Chemicals (China), EURENCO (France), Nitro Quimica (Brazil) and Hengshui Orient chemical co., LTD (China).
Market Overview:
In August 2021 -The EURENCO Group, a European leader in propellants and explosives and a global leader in fuel additives, has completed its acquisition of MANUCO and has signed a five-year supply agreement with the Maxam Group. For the defence and civilian industries, MANUCO develops, manufactures, and distributes energetic nitrocellulose. MANUCO provides global service and technical support to customers in more than 20 countries globally, with more than 50 references in all product qualities and a large manufacturing capacity.
The market for solutions for Nitro Cellulose is expected to grow with rising demand from a number of end-use industries. Numerous companies are operating in the market to provide Nitro Cellulose in different industries. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrants which in turn impacted competitive rivalry.
Influencing Trend:
Rising Popularity of Natural Wood Coating Technology
Market Growth Drivers:
Increasing Printing Inks Application Scope and Growing Furniture Industry
Challenges:
Alternates for Automotive Paint Applications
Restraints:
Stringent Regulatory Compliance
Opportunities:
Growing Applications of Nitrocellulose and Potential Opportunities From Untapped Markets
Key highlights of the Global Nitro Cellulose market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Nitro Cellulose market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Nitro Cellulose market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Nitro Cellulose Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Nitro Cellulose market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Nitro Cellulose market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Nitrocellulose Manufacturers, Raw Materials Suppliers, Traders and distributors, Government and Research Organizations, Industry Associations, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.