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Nitrocellulose Trends and Forecast
The future of the global nitrocellulose market looks promising with opportunities in the automotive paint, wood coating, and printing ink applications. The global nitrocellulose market is expected to reach an estimated $1.1 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand for eco-friendly products and increasing use of this substrate in cosmetic and automotive products.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Nitrocellulose by Segment
The study includes a forecast for the global nitrocellulose by type, application, and region.
Nitrocellulose Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• M Grade Nitrocellulose
• E Grade Nitrocellulose
• A Grade Nitrocellulose
• Others
Nitrocellulose Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Automotive Paints
• Wood Coating
• Printing Inks
• Others
Nitrocellulose Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Nitrocellulose Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies nitrocellulose companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the nitrocellulose companies profiled in this report include-
• Nitro Chemical Industry
• Hubei Xufei Chemical
• Jiangsu Tailida
• Sichuan North Nitrocellulose
• Nitrex Chemicals
• Nobel
• Synthesia
Nitrocellulose Market Insights
Within this market, printing ink is expected to witness the highest growth due to rising demand for nitrocellulose based inks in packaging and logistics industry.
APAC will remain the largest region over the forecast period due to existence of major producers as well as exporters of nitrocellulose in the region.
Features of the Global Nitrocellulose Market
Market Size Estimates: Nitrocellulose market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Nitrocellulose market size by type, application, and region in terms of value ($B).
Regional Analysis: Nitrocellulose market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the nitrocellulose market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the nitrocellulose market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the nitrocellulose market size?
Answer: The global nitrocellulose market is expected to reach an estimated $1.1 billion by 2030.
Q2. What is the growth forecast for nitrocellulose market?
Answer: The global nitrocellulose market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the nitrocellulose market?
Answer: The major drivers for this market are growing demand for eco-friendly products and increasing use of this substrate in cosmetic and automotive products.
Q4. What are the major segments for nitrocellulose market?
Answer: The future of the nitrocellulose market looks promising with opportunities in the automotive paint, wood coating, and printing ink applications.
Q5. Who are the key nitrocellulose market companies?
Answer: Some of the key nitrocellulose companies are as follows:
• Nitro Chemical Industry
• Hubei Xufei Chemical
• Jiangsu Tailida
• Sichuan North Nitrocellulose
• Nitrex Chemicals
• Nobel
• Synthesia
Q6. Which nitrocellulose market segment will be the largest in future?
Answer: Lucintel forecasts that M grade nitrocellulose will remain the largest segment over the forecast period due to its emulsifying applications in consumer products, such as thickeners and emulsifiers in lubricants and nutritional supplement capsules.
Q7. In nitrocellulose market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to existence of major producers as well as exporters of nitrocellulose in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the nitrocellulose market by type (M grade nitrocellulose, E grade nitrocellulose, A grade nitrocellulose, and others), application (automotive paints, wood coating, printing inks, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Nitrocellulose Market, Nitrocellulose Market Size, Nitrocellulose Market Growth, Nitrocellulose Market Analysis, Nitrocellulose Market Report, Nitrocellulose Market Share, Nitrocellulose Market Trends, Nitrocellulose Market Forecast, Nitrocellulose Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Nitrocellulose Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Nitrocellulose Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Nitrocellulose Market by Type
3.3.1: M Grade Nitrocellulose
3.3.2: E Grade Nitrocellulose
3.3.3: A Grade Nitrocellulose
3.3.4: Others
3.4: Global Nitrocellulose Market by Application
3.4.1: Automotive Paints
3.4.2: Wood Coating
3.4.3: Printing Inks
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Nitrocellulose Market by Region
4.2: North American Nitrocellulose Market
4.2.2: North American Nitrocellulose Market by Application: Automotive Paints, Wood Coating, Printing Inks, and Others
4.3: European Nitrocellulose Market
4.3.1: European Nitrocellulose Market by Type: M Grade Nitrocellulose, E Grade Nitrocellulose, A Grade Nitrocellulose, and Others
4.3.2: European Nitrocellulose Market by Application: Automotive Paints, Wood Coating, Printing Inks, and Others
4.4: APAC Nitrocellulose Market
4.4.1: APAC Nitrocellulose Market by Type: M Grade Nitrocellulose, E Grade Nitrocellulose, A Grade Nitrocellulose, and Others
4.4.2: APAC Nitrocellulose Market by Application: Automotive Paints, Wood Coating, Printing Inks, and Others
4.5: ROW Nitrocellulose Market
4.5.1: ROW Nitrocellulose Market by Type: M Grade Nitrocellulose, E Grade Nitrocellulose, A Grade Nitrocellulose, and Others
4.5.2: ROW Nitrocellulose Market by Application: Automotive Paints, Wood Coating, Printing Inks, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Nitrocellulose Market by Type
6.1.2: Growth Opportunities for the Global Nitrocellulose Market by Application
6.1.3: Growth Opportunities for the Global Nitrocellulose Market by Region
6.2: Emerging Trends in the Global Nitrocellulose Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Nitrocellulose Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Nitrocellulose Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Nitro Chemical Industry
7.2: Hubei Xufei Chemical
7.3: Jiangsu Tailida
7.4: Sichuan North Nitrocellulose
7.5: Nitrex Chemicals
7.6: Nobel
7.7: Synthesia
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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