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The Nitrocellulose Market size is estimated to grow by USD 421.2 million at a CAGR of 7.56% between 2022 and 2027. Market expansion hinges on several factors, notably the abundant availability of cellulose and the straightforward manufacturing process for nitrocellulose, the growth of the wooden furniture industry, and the increasing demand for nitrocellulose in emerging economies. The ample supply of cellulose coupled with the ease of producing nitrocellulose underscores its viability as a key raw material. The wooden furniture industry's growth further bolsters the demand for nitrocellulose, as it is commonly used in wood finishes and coatings. Additionally, the escalating demand in emerging economies signifies nitrocellulose's expanding applications and market reach. These factors collectively drive the market's growth by ensuring a steady supply chain and increasing market penetration in key sectors.
The market share growth by the printing ink segment will be significant during the forecast period. Nitrocellulose, a pulp-like substance derived from cellulose using nitrating agents and nitric acid, holds a significant market share in various industries. In the printing industry, it is a key ingredient in inks, accounting for 8%-10% of the raw material. Nitrocellulose's quick drying ability, heat-resistance, and non-toxic properties make it preferred in gravure printing for high-contrast graphics on flexible films used in food packaging.
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The printing Ink segment was valued at USD 194.63 million in 2017. In the furniture industry, nitrocellulose is used as guncotton in the production of furniture decking and leather finishing. Inkjet printing and lamination-based inks also utilize nitrocellulose for its little solvent retention and quick drying. This is also used in the production of labels, paints, coatings, and even inks for cars. However, prolonged exposure can lead to kidney and liver damage, and inhalation can cause respiratory tract irritation. This is also used in pharmaceutical sterility testing, mouthwashes, and nail varnishes. Isopropyl alcohol is often used as a solvent in the production of nitrocellulose. In the production of plastic films and bags, this provides oxidation resistance and improves laminated bond strength. Thus, the increasing use of printing inks in different end-user industries will propel the growth of the market during the forecast period.
APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Nitrocellulose, a cellulose nitrate compound, is a key component in various industries, particularly in coatings and adhesives. The APAC region, known for its high production and consumption of sulfuric and nitric acids, is the largest market for nitrocellulose. Its applications include automotive paints, wood coatings, and aircraft dope. Nitrocellulose's compatibility with additives and fast blending process make it suitable for contemporary printing machines and digital inks. However, its explosive nature and adverse effects, such as dermatitis, difficulty breathing, and eye irritation, necessitate safety measures. The automotive sector and construction activities are significant contributors to the demand for nitrocellulose. Additionally, it is used in coatings for wood, carpets & coloring, and flexible packaging materials. Despite its benefits, nitrocellulose's drawbacks, including flammability and potential fires, limit its use in some applications. The shift towards eco-friendly inks and clean energy initiatives may also impact the market. This is also used in explosives, flash paper, and flexography. Moreover, the increasing focus on expanding automobile production due to the growth of the automotive sector is expected to boost the growth of the market in APAC during the forecast period.
In the realm of printing and coatings formulations, gravure and flexographic inks adhere to stringent EU regulations and Council Directive standards. These regulations ensure compliance with regulatory requirements governing the use of materials in the packaging and print industries. Manufacturers navigate these guidelines to produce high-quality printing tins and coatings that meet both customer spending expectations and fashion trends in clothing, apparel, footwear, and leather products. Attention to detail in gloss levels enhances the aesthetic appeal of printed materials, aligning with evolving fashion preferences. Effective logistics strategies streamline the distribution of these products, optimizing supply chain efficiency from production to consumer markets. As the industry continues to innovate, advancements in German explosives technology support safer and more efficient manufacturing processes, ensuring sustainable practices while meeting consumer demand for stylish and functional products.
The increasing demand for nitrocellulose in emerging economies is notably driving market growth. Nitrocellulose is a polysaccharide derived from cellulose, primarily sourced from plant-based fibers like cotton. It is a significant raw material in various industries due to its unique properties. In the furniture industry, nitrocellulose is used for furniture decking, enhancing durability and strength. In graphics and printing, it is employed in gravure printing, inkjet printing, and lamination-based inks, providing quick drying ability and little solvent retention. This is also used in gunpowder, known as guncotton, and as a nitrating agent in the production of nitrocellulose. It is found in applications such as labels, leather finishing, and inks, including those for paints and coatings, plastics, and cars.
Further, nitrocellulose's non-toxic properties make it suitable for use in mouthwashes, nail varnishes, and permanent eye makeup. However, prolonged exposure to nitric acid during production can lead to kidney and liver damage. Nitrocellulose's oxidation resistance and quick drying ability contribute to its use in outdoor signage and paints. It is essential to note that it can cause respiratory tract irritation and permanent eye damage upon exposure. Moreover, the increasing automotive and industrial applications of nitrocellulose in emerging economies are expected to fuel the demand during the forecast period.
The increasing use of nitrocellulose as a propellant is a key trend in the market. Nitrocellulose is a pulp-like substance used primarily as a propellant or low-order explosive in various industries. In the furniture industry, it is utilized for furniture decking due to its little solvent retention and quick drying ability. In the graphics and printing sector, nitrocellulose is employed in gravure printing, inkjet printing, and lamination-based inks. It is also used in the production of gunpowder, known as Guncotton, and in the manufacturing of gun propellants. Nitrocellulose is a key component in the formulation of some inks and is used in the pharmaceutical industry for sterility testing.
Moreover, they are also used in the production of plastics, such as plastic bags and films, due to its oxidation properties. They exhibits non-toxic properties and is used in the production of certain types of paints and coatings, including those for cars. However, prolonged exposure or ingestion can lead to health issues such as kidney and liver damage, as well as permanent eye damage and respiratory tract irritation. Isopropyl alcohol is often used as a nitrating agent in the production of nitrocellulose. Hence, the increasing use of nitrocellulose as propellants in industries such as defense and mining is expected to support the global market growth during the forecast period.
Stringent regulations on emissions of hazardous substances may impede market growth. Nitrocellulose is also used in guncotton and gunpowder production. In the realm of inks, nitrocellulose is a key component in inkjet printing and is used in the production of inks for paints and coatings, including those for cars. However, due to its potential health hazards, such as kidney and liver damage, permanent eye damage, and respiratory tract irritation, regulatory bodies like the FDA and REACH have imposed stringent regulations on its use and transportation. This is produced through the nitration of cellulose using nitric acid as a nitrating agent. It is a highly flammable substance and requires careful handling.
However, despite these challenges, the demand remains high due to its non-toxic properties and its use in various applications, such as leather finishing, outdoor signage, plastics, and pharmaceutical sterility testing. Isopropyl alcohol is often used as a solvent in the production and application of nitrocellulose. Therefore, stringent regulations imposed on companies can pose a major challenge to the growth of the market during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Hubei Xuefei Chemical Co. Ltd. - The company offers civilian nitrocellulose used for wood, paper, and lacquer industries. It focuses on developing and producing nitrocotton, nitrocellulose, and nitrocellulose solution.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
AGROFERT AS, Asahi Kasei Corp., Celanese Corp., Eastman Chemical Co., Eurenco, GRN Cellulose Pvt. Ltd., Hagedorn NC GmbH, Hubei Xuefei Chemical Co. Ltd., International Flavors and Fragrances Inc., IVM Srl, KOREA CNC Ltd., Kumho Petrochemical Co. Ltd., MAXAMCORP HOLDING SL, Merck KGaA, Nitrex Chemicals India Ltd., Nitro, Nitro Chemical Industry Ltd., Nitroparis S.L., TNC Industrial Co. Ltd., and Rheinmetall AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
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The landscape of manufacturing capacities is influenced by various factors such as heat, moisture, and price volatility in raw material procurement. Prominent players in the automotive industries navigate challenges like legislation and policies impacting importers and import licenses. The demand-supply gap in M grade cellulose and E grade cellulose underscores the importance of robust industrialization strategies, particularly in LAMEA regions and other emerging countries experiencing growth.
Moreover, during health emergencies like national lockdowns, online shopping and e-commerce platforms play pivotal roles in meeting consumer demands for dietary supplements, emulsifiers, and lubricants. Major economies such as Norway adjust to fluctuating growth rates and transport disruptions while managing invoices and ensuring regulatory compliance. As the automotive sector adapts to technological advancements and consumer preferences, matte finishes and innovative lubricants cater to evolving market trends, shaping the future of manufacturing and trade in a globalized economy.
Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.56% |
Market growth 2023-2027 |
USD 421.2 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.2 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 37% |
Key countries |
US, China, South Korea, Germany, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGROFERT AS, Asahi Kasei Corp., Celanese Corp., Eastman Chemical Co., Eurenco, GRN Cellulose Pvt. Ltd., Hagedorn NC GmbH, Hubei Xuefei Chemical Co. Ltd., International Flavors and Fragrances Inc., IVM Srl, KOREA CNC Ltd., Kumho Petrochemical Co. Ltd., MAXAMCORP HOLDING SL, Merck KGaA, Nitrex Chemicals India Ltd., Nitro, Nitro Chemical Industry Ltd., Nitroparis S.L., TNC Industrial Co. Ltd., and Rheinmetall AG |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Grade Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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