Nitrocellulose Market by Application, Grade Type, and Geography - Forecast and Analysis 2023-2027

Published: May 2023 Pages: 170 SKU: IRTNTR74281

Nitrocellulose Market Size & Forecast

The Global Nitrocellulose Market size is estimated to grow by USD 421.2 million between 2022 and 2027  exhibiting a CAGR of 7.56%. Nitrocellulose is also known as cellulose nitrate. It is a mixture of the nitric esters of cellulose and nitric acid. Though the compound is highly flammable, it is non-toxic in nature. Wood, cotton, and hemp are the key sources of cellulose, which is used in the production of nitrocellulose.

The growth of the market depends on several factors, including the abundant availability of cellulose and simple manufacturing process for nitrocellulose, the growth of the wooden furniture industry, and the increasing demand for nitrocellulose in emerging economies.

What will be the Size of the Nitrocellulose Market During the Forecast Period?

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Nitrocellulose Market Dynamic

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Nitrocellulose Market Driver

The increasing demand for nitrocellulose in emerging economies is notably driving market growth. A rise in construction activities and projects, automotive production, and other application segments in emerging economies is expected to increase the demand for nitrocellulose. The demand for wood coatings and automotive paints is increasing in emerging economies such as China, the Philippines, India, Indonesia, Russia, Thailand, and Brazil, which is expected to have a significant impact on the growth of the global nitrocellulose market. 

China and India are major manufacturing hubs in APAC. Manufacturers of nitrocellulose are shifting their operations to these countries owing to factors such as the ready availability of raw materials and land, reduced transportation costs, less stringent regulations, and the availability of inexpensive labor. High disposable incomes and changing lifestyles have increased their spending on consumer goods. Moreover, the increasing automotive and industrial applications of nitrocellulose in emerging economies are expected to fuel the demand for nitrocellulose during the forecast period.

Key Nitrocellulose Market Trends

The increasing use of nitrocellulose as a propellant is a key trend in the market. Nitrocellulose is used as a propellant or low-order explosive. Pipe bombs, gunpowder, and most petroleum-based bombs such as the Molotov cocktail are some examples of low-order explosives. Propellants are classified into single-base, double-base, and composites. Single-base propellants include simple forms of nitrocellulose powder. Nitroglycerine-added nitrocellulose powder is a double-base propellant. Composites comprise a combination of fuels and oxidizers, which contain nitrocellulose and nitroglycerine.

Propellants that contain nitrocellulose are widely used in the global defense sector for propelling projectiles. Currently, all propellants in small arms use nitrocellulose due to its high chemical energy. 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.

Major Nitrocellulose Market Challenge

Stringent regulations on emissions of hazardous substances may impede market growth. Paints and coatings have certain volatile organic chemicals (VOCs), which are dangerous for the environment. In Western Europe and North America, regulatory authorities have imposed stringent regulations to limit harmful emissions. For instance, the European Union (EU) restricts the use of environmentally hazardous materials and urges vendors to produce safe chemical products. 

Manufacturers of automotive paints are focusing on the development of high solvent-borne coatings, which are environment-friendly and comply with regulations. Directives and guidelines by the US Food and Drug Administration (FDA) and the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) in the EU focus on the safe transportation of nitrocellulose. However, ensuring safe logistics poses a challenge for vendors of nitrocellulose, as it increases the operating costs for manufacturers. Therefore, stringent regulations imposed on nitrocellulose vendors can pose a major challenge to the growth of the global nitrocellulose market during the forecast period.

Nitrocellulose Market Segment Insights

This nitrocellulose market report extensively covers market segmentation by application (printing ink, automotive paint, wood coating, leather finishes, and others), grade type (E grade, A grade, and M grade), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

Application Insights

The market share growth by the printing ink segment will be significant during the forecast period. Nitrocellulose is a key ingredient used in the formulation of inks and comprises 8%-10% of the raw material. It is preferred in the printing ink industry owing to its low cost, quick drying, and heat resistance. It can be dissolved in organic solvents and is odorless and non-toxic.

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The printing ink segment was valued at USD 194.63 million in 2017 and continued to grow by 2021. Printing inks in the packaging industry are used for packaging food and bakery products. The nitrocellulose content in printing ink enables the production of graphics with high contrast and resolution. Nitrocellulose-based printing inks are mainly used for packaging food, as they are environment-friendly and do not contain toxic monomers. Nitrocellulose-based printing inks are used for surface printing and lamination as well. They are preferred in the packaging and flexographic printing industries, as they are odorless and provide gloss with high adhesion to many different types of substrates. Thus, the increasing use of printing inks in different end-user industries will propel the growth of the global nitrocellulose market during the forecast period.

Grade Type Insights

Based on the type segment, the market is classified into E grade, A grade, and M grade.

Nitrocellulose Market Regional Insights

APAC Region

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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The demand for nitrocellulose as a raw material is expected to increase in APAC during the forecast period owing to high investments across key application segments, such as automotive paints and wood coatings, in emerging economies such as India, China, and other countries. Nitrocellulose is used in lacquer, paints, coatings, and coating sprays. China, India, Indonesia, Vietnam, and Japan are some of the key revenue-generating countries in the region due to the high demand for nitrocellulose. The increase in the disposable income of people, the rising demand for automobiles and leather products from the middle-income population, and rapid globalization are other factors that drive the demand for nitrocellulose. Many established players are moving their business operations and investments from North America and Europe to APAC because of low capital investments and the availability of low-cost labor. 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.

Covid-19 Recovery

In 2020, the imposition of lockdowns due to COVID-19 negatively affected most industrial sectors, including oil and gas refining, chemical production, electronics and semiconductor manufacturing, and others. However, in 2021, governments implemented mass vaccination programs, which led to a significant reduction in the number of COVID-19 cases. As a result, COVID-19-related restrictions were relaxed. This led to a gradual resumption of regional economic activities, which will accelerate the demand for nitrocellulose from various application segments. These factors are expected to drive the growth of the global market during the forecast period. 

Technavio's Exclusive Nitrocellulose Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Nitrocellulose Market Customer Landscape

Key Nitrocellulose Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/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 nitro cotton, nitrocellulose, and nitrocellulose solution.

The research 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.

Segment Overview

The nitrocellulose market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Printing ink
    • Automotive paint
    • Wood coating
    • Leather finishes
    • Others
  • Grade Type Outlook (USD Million, 2017 - 2027)
    • E grade
    • A grade
    • M grade
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Nitrocellulose 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 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 forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Nitrocellulose Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Grade Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global nitrocellulose market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global nitrocellulose market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Grade Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Grade Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Printing ink - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Printing ink - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Printing ink - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Printing ink - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Printing ink - Year-over-year growth 2022-2027 (%)
    • 6.4 Automotive paint - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Automotive paint - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Automotive paint - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Automotive paint - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Automotive paint - Year-over-year growth 2022-2027 (%)
    • 6.5 Wood coating - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Wood coating - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Wood coating - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Wood coating - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Wood coating - Year-over-year growth 2022-2027 (%)
    • 6.6 Leather finishes - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Leather finishes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Leather finishes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Leather finishes - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Leather finishes - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ million)
      • Exhibit 55: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Grade Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Grade Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Grade Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Grade Type
      • Exhibit 58: Chart on Comparison by Grade Type
      • Exhibit 59: Data Table on Comparison by Grade Type
    • 7.3 E grade - Market size and forecast 2022-2027
      • Exhibit 60: Chart on E grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on E grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on E grade - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on E grade - Year-over-year growth 2022-2027 (%)
    • 7.4 A grade - Market size and forecast 2022-2027
      • Exhibit 64: Chart on A grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on A grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on A grade - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on A grade - Year-over-year growth 2022-2027 (%)
    • 7.5 M grade - Market size and forecast 2022-2027
      • Exhibit 68: Chart on M grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on M grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on M grade - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on M grade - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Grade Type
      • Exhibit 72: Market opportunity by Grade Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Grade Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 South Korea - Market size and forecast 2022-2027
      • Exhibit 107: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Italy - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 AGROFERT AS
              • Exhibit 127: AGROFERT AS - Overview
              • Exhibit 128: AGROFERT AS - Product / Service
              • Exhibit 129: AGROFERT AS - Key offerings
            • 12.4 Asahi Kasei Corp.
              • Exhibit 130: Asahi Kasei Corp. - Overview
              • Exhibit 131: Asahi Kasei Corp. - Business segments
              • Exhibit 132: Asahi Kasei Corp. - Key news
              • Exhibit 133: Asahi Kasei Corp. - Key offerings
              • Exhibit 134: Asahi Kasei Corp. - Segment focus
            • 12.5 Eastman Chemical Co.
              • Exhibit 135: Eastman Chemical Co. - Overview
              • Exhibit 136: Eastman Chemical Co. - Business segments
              • Exhibit 137: Eastman Chemical Co. - Key offerings
              • Exhibit 138: Eastman Chemical Co. - Segment focus
            • 12.6 Eurenco
              • Exhibit 139: Eurenco - Overview
              • Exhibit 140: Eurenco - Product / Service
              • Exhibit 141: Eurenco - Key offerings
            • 12.7 GRN Cellulose Pvt. Ltd.
              • Exhibit 142: GRN Cellulose Pvt. Ltd. - Overview
              • Exhibit 143: GRN Cellulose Pvt. Ltd. - Product / Service
              • Exhibit 144: GRN Cellulose Pvt. Ltd. - Key offerings
            • 12.8 Hagedorn NC GmbH
              • Exhibit 145: Hagedorn NC GmbH - Overview
              • Exhibit 146: Hagedorn NC GmbH - Product / Service
              • Exhibit 147: Hagedorn NC GmbH - Key offerings
            • 12.9 Hubei Xuefei Chemical Co. Ltd.
              • Exhibit 148: Hubei Xuefei Chemical Co. Ltd. - Overview
              • Exhibit 149: Hubei Xuefei Chemical Co. Ltd. - Product / Service
              • Exhibit 150: Hubei Xuefei Chemical Co. Ltd. - Key offerings
            • 12.10 International Flavors and Fragrances Inc.
              • Exhibit 151: International Flavors and Fragrances Inc. - Overview
              • Exhibit 152: International Flavors and Fragrances Inc. - Business segments
              • Exhibit 153: International Flavors and Fragrances Inc. - Key news
              • Exhibit 154: International Flavors and Fragrances Inc. - Key offerings
              • Exhibit 155: International Flavors and Fragrances Inc. - Segment focus
            • 12.11 IVM Srl
              • Exhibit 156: IVM Srl - Overview
              • Exhibit 157: IVM Srl - Product / Service
              • Exhibit 158: IVM Srl - Key offerings
            • 12.12 MAXAMCORP HOLDING SL
              • Exhibit 159: MAXAMCORP HOLDING SL - Overview
              • Exhibit 160: MAXAMCORP HOLDING SL - Product / Service
              • Exhibit 161: MAXAMCORP HOLDING SL - Key offerings
            • 12.13 Nitrex Chemicals India Ltd.
              • Exhibit 162: Nitrex Chemicals India Ltd. - Overview
              • Exhibit 163: Nitrex Chemicals India Ltd. - Product / Service
              • Exhibit 164: Nitrex Chemicals India Ltd. - Key offerings
            • 12.14 Nitro Chemical Industry Ltd.
              • Exhibit 165: Nitro Chemical Industry Ltd. - Overview
              • Exhibit 166: Nitro Chemical Industry Ltd. - Product / Service
              • Exhibit 167: Nitro Chemical Industry Ltd. - Key offerings
            • 12.15 Nitroparis S.L.
              • Exhibit 168: Nitroparis S.L. - Overview
              • Exhibit 169: Nitroparis S.L. - Product / Service
              • Exhibit 170: Nitroparis S.L. - Key offerings
            • 12.16 Rheinmetall AG
              • Exhibit 171: Rheinmetall AG - Overview
              • Exhibit 172: Rheinmetall AG - Business segments
              • Exhibit 173: Rheinmetall AG - Key news
              • Exhibit 174: Rheinmetall AG - Key offerings
              • Exhibit 175: Rheinmetall AG - Segment focus
            • 12.17 TNC Industrial Co. Ltd.
              • Exhibit 176: TNC Industrial Co. Ltd. - Overview
              • Exhibit 177: TNC Industrial Co. Ltd. - Product / Service
              • Exhibit 178: TNC Industrial Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                • What are the factors influencing the growth of the parent market?

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