Nitrocellulose Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?