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Global Nitrocellulose Market 2017-2021

Global Nitrocellulose Market 2017-2021

About Nitrocellulose

Nitrocellulose is also known as cellulose nitrate that is a mixture of nitric esters of cellulose and nitric acid. Though the compound is highly flammable, it is non-toxic in nature. It can be used in various industries by altering the percentage of nitrogen content in the compound. Nitrocellulose appears as pulpy cotton like solid when dry and clear liquid to semi-solid when dissolved in alcohol, acetone, or an ether-alcohol mixture. Nitrocellulose containing a low concentration of nitrogen is soluble in acetone but not in an ether-alcohol mixture.

Technavio’s analysts forecast the global nitrocellulose market to grow at a CAGR of 6.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global nitrocellulose market for 2017-2021. To calculate the market size, the report considers the retail selling price the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Nitrocellulose Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DowDuPont
  • Manuco
  • Nitro Química
  • Synthesia
  • Tembec
Other prominent vendors
  • Eurenco
  • Hagedorn
  • HENGSHUI ORIENT CHEMICAL CO.
  • Jiangsu Tailida Group
  • Nitrex Chemicals India
  • Nitro Chemical Industry
  • Nitrochemie
  • T.N.C. INDUSTRIAL
Market driver
  • Growth in furniture industry
  • For a full, detailed list, view our report
Market challenge
  • Volatile prices of raw materials used in paint production
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of natural wood coating technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Nitrocellulose Market 2017-2021

Technavio recognizes the following companies as the key players in the global nitrocellulose market: DowDuPont, Manuco, Nitro Química, Synthesia, and Tembec

Other Prominent Vendors in the market are: Eurenco, Hagedorn, HENGSHUI ORIENT CHEMICAL CO., Jiangsu Tailida Group, Nitrex Chemicals India, Nitro Chemical Industry, Nitrochemie, and T.N.C. INDUSTRIAL.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing popularity of natural wood coating technology. Over the past few years, vendors in the chemical industry have been focusing on sustainable processes that have a minimal impact on the environment. Development of environment-friendly products helps vendors gain a competitive edge. R&D activities associated with raw materials offer ample growth opportunities to vendors.”

According to the report, one of the major drivers for this market is Abundance of cellulose and simple manufacturing process of nitrocellulose. Plants produce cellulose that is used in numerous products because of its unique structure and multiple functions. Apart from wood, plant fibers such as cotton, hemp, flax, and jute are the key sources of cellulose. It is a crucial polysaccharide as it is organic and is found abundantly. It is one of the major raw materials used in the production of nitrocellulose and reacts easily with acids and bases.

Further, the report states that one of the major factors hindering the growth of this market is Volatile prices of raw materials used in paint production. The oil and gas industry is one of the key suppliers of raw materials that are used in the production of paints. The acrylic segment holds a major share in the global paint additives market. Raw materials such as propylene or acetylene (used in the production of acrylic acid) are derived from petroleum fractions. Increase in the price of crude oil has a severe effect on the prices of raw materials, which adversely affects the paints market and thereby impacting the global nitrocellulose market.

Companies Mentioned

DowDuPont, Manuco, Nitro Química, Synthesia, Tembec, Eurenco, Hagedorn, HENGSHUI ORIENT CHEMICAL CO., Jiangsu Tailida Group, Nitrex Chemicals India, Nitro Chemical Industry, Nitrochemie, and T.N.C. INDUSTRIAL.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market size and forecast
      • Table Global nitrocellulose market 2016 and 2021 ($ millions)
      • Table Global nitrocellulose market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global nitrocellulose market segmentation by application
      • Table Global nitrocellulose market by application 2016 (% share of revenue)
      • Table Global nitrocellulose market by application 2021 (% share of revenue)
      • Table Global nitrocellulose market in various application segments 2016-2021 ($ millions)
    • Global nitrocellulose market in printing ink segment
      • Table Global nitrocellulose market in printing inks segment 2016 and 2021 ($ millions)
      • Table Global nitrocellulose market in printing ink segment 2016-2021
    • Global nitrocellulose market in automotive paint segment
      • Table Global nitrocellulose market in automotive paint segment 2016 and 2021 ($ millions)
      • Table Global nitrocellulose market in automotive paint segment 2016-2021
    • Global nitrocellulose market in wood coating segment
      • Table Global nitrocellulose market in wood coating segment 2016 and 2021 ($ millions)
      • Table Global nitrocellulose market in wood coating segment 2016-2021
    • Global nitrocellulose market in leather finishes segment
      • Table Global nitrocellulose market in leather finishes segment 2016 and 2021 ($ millions)
      • Table Global nitrocellulose market in leather finishes segment 2016-2021
    • Global nitrocellulose market in others segment
      • Table Global nitrocellulose market in others segment 2016 and 2021 ($ millions)
      • Table Global nitrocellulose market in others segment 2016-2021
  • Geographical segmentation
    • Global nitrocellulose market by geography
      • Table Global nitrocellulose market by geography 2016 (% share of revenue)
      • Table Nitrocellulose market by geography 2021 (% share of revenue)
      • Table Global nitrocellulose market by region 2016-2021 ($ million)
    • Nitrocellulose market in APAC
      • Table Nitrocellulose market in APAC 2016 and 2021 ($ millions)
      • Table Nitrocellulose market in APAC 2016-2021
    • Nitrocellulose market in EMEA
      • Table Nitrocellulose market in EMEA 2016 and 2021 ($ millions)
      • Table Nitrocellulose market in EMEA 2016-2021
    • Nitrocellulose market in Americas
      • Table Nitrocellulose market in Americas 2016 and 2021 ($ millions)
      • Table Nitrocellulose market in Americas 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing use of nitrocellulose as propellants
    • Growing popularity of natural wood coating technology
    • Electropainting: Future of coating process
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Global nitrocellulose market: Other prominent vendors
  • Key vendor analysis
    • DowDuPont
      • Table DowDuPont: Business segmentation by revenue 2016 (% share)
      • Table DowDuPont: Geographic segmentation by revenue 2016 (% share)
    • Manuco
      • Table Manuco: Business segmentation by market
      • Table Manuco: Business segmentation by product
    • Nitro Química
      • Table Nitro Química: Business segmentation by application
      • Table Nitro Química: Business segmentation by product
    • Synthesia
      • Table Synthesia: Business segmentation by product
      • Table Synthesia: Business segmentation by nitrocellulose products
    • Tembec
      • Table Tembec: Business segmentation by sales 2016
      • Table Tembec: Geographical segmentation by sales 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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