Nitrocellulose Market by Application - Global Industry Analysis and Forecast to 2023

Published On : February 2018 Pages : 92 Category: Paints and Coatings Report Code : CM02602

Industry Outlook and Trend Analysis

The Nitrocellulose Market was worth USD 0.55 billion in the year of 2014 and is expected to reach approximately USD 0.98 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.55% during the forecast period. The increase in demand for nitrocellulose-based inks in paints and coatings section particularly crosswise over economies, for example, Colombia, China, India, China, and UK had a general positive effect available. The industry of printing ink is being driven by technological progressions and the interest for inks that are eco-friendly. Utilization of nitrocellulose based ink in flexography and gravure painting gives high caliber and solid shading paint result. Every one of these elements is foreseen to additionally fuel the worldwide market demand. Increasing expenditure of construction, especially in Asia Pacific, is anticipated to be proportional to the development of the market. They are created from cellulose by presenting it to nitrating specialists, for example, nitric corrosive. Cellulose is normally acquired from cotton linter or wood pulp. Nitrocellulose discovers utilization in different applications; for example, nail varnishes, leather finishes, automotive paints, and wood coatings. Other specialty applications incorporate artificial jewelry, adhesives, and sealants. In 2015 requirement from printing ink represented more than 25 percent of worldwide market. This item gives highlights which incorporate excellent adhesion, solubility, and quick drying. Wood covering producing process exceptionally utilizes nitrocellulose. They have observed to be easy to use and have the capacity of different coating applications. In addition, this item based wood coatings can be utilized with different other shading applications, for example, fillers, sap stains, toners, and overall stains. The worldwide furniture industry has seen a critical development in the current past and is anticipated to convey a comparable pattern over the gauge time frame in this way contributing altogether to the development.

Application Outlook and Trend Analysis

The significant application of nitrocellulose incorporate leather finishes, nail varnishes, printing inks, automotive paints and wood coatings. The demand for printing in is evaluated to grow at a significant rate in the upcoming years. They likewise discover applications in leather finishes and nail varnishes. Leather materials are covered with nitrocellulose actuated leather finishes shielding them from moisture and heat. In any case, the worldwide leather industry is declining because of switching consumer inclination for less expensive leather choices. Utilization of nitrocellulose in nail varnishes is under administrative pressure inferable from security concern. However, with the growing cosmetics industry over the globe, the interest for nail varnish applications is anticipated to grow over the figure time frame.

Regional Outlook and Trend Analysis

In 2015 Asia Pacific ruled the worldwide nitrocellulose market and represented more than 40 percent of aggregate demand. Requirement from developing economies, for example, India and China is the essential crediting factor for this situation.

Asia Pacific locale is anticipated to encounter most extreme development amid the conjecture time frame. The bigger extent of development in end-use businesses, for example, leather tanneries in Vietnam and car industry in Taiwan, India and South Korea and is anticipated to profit the market demand in the area. Europe represented a noteworthy share of the global market. Nonetheless, the area is anticipated to lose share of the market attributable to developing interest in Asia Pacific and Latin America.

Competitive Insights

The worldwide nitrocellulose market is classified by organizations having a low level of coordination over the esteem chain. Some major businesses, for example, Sichuan North Nitrocellulose Corporation and Dow Wolff Cellulosics GmbH have possessed the capacity to accomplish integration of their esteem chain therefore giving them an aggressive edge. Some of the leading players in the market are Atomax Chemicals Co, Nitrochemie AG, Tnc Industrial, Abu Zaabl Co, and Hagedorn NC.

The global Nitrocellulose Market is segmented as follows-

By Application:

  • Leather finishes
  • Printing inks
  • Wood coatings
  • Nail Varnishes
  • Automotive paints
  • Others

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2014 and forecast from 2015 to 2023?
  • What will be the industry market growth from 2015 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Nitrocellulose Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
    • Printing inks
    • Automotive paints
    • Wood coatings
    • Leather finishes
    • Nail varnish
    • Other Applications
  • Nitrocellulose Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
    • North America
  • North America Nitrocellulose Market, By Country
  • North America Nitrocellulose Market, By Application
    • U.S. Nitrocellulose Market, By Application
    • Canada Nitrocellulose Market, By Application
    • Mexico Nitrocellulose Market, By Application
    • Europe
  • Europe Nitrocellulose Market, By Country
  • Europe Nitrocellulose Market, By Application
    • Germany Nitrocellulose Market, By Application
    • France Nitrocellulose Market, By Application
    • UK Nitrocellulose Market, By Application
    • Italy Nitrocellulose Market, By Application
    • Spain Nitrocellulose Market, By Application
    • Rest of Europe Nitrocellulose Market, By Application
    • Asia-Pacific
      • Asia-Pacific Nitrocellulose Market, By Country
      • Asia-Pacific Nitrocellulose Market, By Application
        • Japan Nitrocellulose Market, By Application
        • China Nitrocellulose Market, By Application
        • Australia Nitrocellulose Market, By Application
        • India Nitrocellulose Market, By Application
        • South Korea Nitrocellulose Market, By Application
        • Rest of Asia-Pacific Nitrocellulose Market, By Application
    • Rest of the World
      • Rest of the World Nitrocellulose Market, By Country
      • Rest of the World Nitrocellulose Market, By Application
        • Brazil Nitrocellulose Market, By Application
        • South Africa Nitrocellulose Market, By Application
        • Saudi Arabia Nitrocellulose Market, By Application
        • Turkey Nitrocellulose Market, By Application
        • United Arab Emirates Nitrocellulose Market, By Application
        • Others Nitrocellulose Market, By Application

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Growing penetration across furniture industry

3.2.1.2.    Rising demands of printing inks

3.2.2.  Restraints

3.2.2.1.    Rising automotive coating substitutes

3.2.3.  Opportunities

3.2.3.1.    Development of Advanced printing inks

4.       Nitrocellulose Market , By Application

4.1.       Introduction

4.2.       Global Nitrocellulose Market  Sales, Revenue and Market Share By Application (2014-2017)

4.2.1.  Global Nitrocellulose Market  Sales and Sales Share By Application (2014-2017)

4.2.2.  Global Nitrocellulose Market  Revenue and Revenue Share By Application (2014-2017)

4.3.       Nitrocellulose Market  Assessment and Forecast, By Application, 2014-2023

4.4.       Printing inks

4.4.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.5.       Automotive paints

4.5.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.6.       Wood coatings

4.6.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.7.       Leather finishes

4.7.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.8.       Nail varnish

4.8.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.9.       Other Applications

4.9.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

5.       Nitrocellulose Market , By Region

5.1.       Introduction

5.2.       Nitrocellulose Market  Assessment and Forecast, By Region, 2014-2023 ($Million)

5.3.       Global Nitrocellulose Market Sales, Revenue and Market Share by Regions

5.3.1.  Global Nitrocellulose Market Sales by Regions (2014-2017)

5.3.2.  Global Nitrocellulose Market Revenue by Regions (2014-2017)

5.4.       North America

5.4.1.  North America Nitrocellulose Market  Sales and Growth Rate (2014-2017)

5.4.2.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

5.4.3.  Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.4.4.  U.S.

5.4.4.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.4.5.  Canada

5.4.5.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.4.6.  Mexico

5.4.6.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.5.       Europe

5.5.1.  Europe Nitrocellulose Market  Sales and Growth Rate (2014-2017)

5.5.2.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

5.5.3.  Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.5.4.  Germany

5.5.4.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.5.5.  France

5.5.5.1.    Market Assessment and Forecast, By Applications, 2014-2023 ($Million)

5.5.6.  UK

5.5.6.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.5.7.  Italy

5.5.7.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.5.8.  Spain

5.5.8.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.5.9.  Rest of Europe

5.5.9.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.6.       Asia-Pacific

5.6.1.  Asia-Pacific Nitrocellulose Market  Sales and Growth Rate (2014-2017)

5.6.2.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

5.6.3.  Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.6.4.  Japan

5.6.4.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.6.5.  China

5.6.5.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.6.6.  Australia

5.6.6.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.6.7.  India

5.6.7.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.6.8.  South Korea

5.6.8.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.6.9.  Rest of Asia-Pacific

5.6.9.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.7.       Rest of the World

5.7.1.  Rest of the World Nitrocellulose Market  Sales and Growth Rate (2014-2017)

5.7.2.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

5.7.3.  Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.7.4.  Brazil

5.7.4.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.7.5.  Turkey

5.7.5.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.7.6.  Saudi Arabia

5.7.6.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.7.7.  South Africa

5.7.7.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.7.8.  United Arab Emirates

5.7.8.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

5.7.9.  Others

5.7.9.1.    Market Assessment and Forecast, By Application, 2014-2023 ($Million)

6.       Company Profiles

6.1.       Synthesia

6.1.1.  Business Overview

6.1.2.  Product Portfolio

6.1.3.  Strategic Developments

6.1.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.2.       Nitrex Chemicals India Pvt. Ltd.

6.2.1.  Business Overview

6.2.2.  Product Portfolio

6.2.3.  Strategic Developments

6.2.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.3.       Dow Wolff Cellulosics GmbH

6.3.1.  Business Overview

6.3.2.  Product Portfolio

6.3.3.  Strategic Developments

6.3.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.4.       Hengshui Orient Chemical Co., Ltd.

6.4.1.  Business Overview

6.4.2.  Product Portfolio

6.4.3.  Strategic Developments

6.4.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.5.       Nitro Chemical Industry Co., Ltd.

6.5.1.  Business Overview

6.5.2.  Product Portfolio

6.5.3.  Strategic Developments

6.5.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.6.       Atomax Chemicals Co., Ltd.

6.6.1.  Business Overview

6.6.2.  Product Portfolio

6.6.3.  Strategic Developments

6.6.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.7.       IVM Chemicals

6.7.1.  Business Overview

6.7.2.  Product Portfolio

6.7.3.  Strategic Developments

6.7.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.8.       Nitrochemie AG

6.8.1.  Business Overview

6.8.2.  Product Portfolio

6.8.3.  Strategic Developments

6.8.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.9.       Nitro Quimica

6.9.1.  Business Overview

6.9.2.  Product Portfolio

6.9.3.  Strategic Developments

6.9.4.  Nitrocellulose Market  Sales, Revenue and Market Share

6.10.    TNC Industrial Co., Ltd.

6.10.1.      Business Overview

6.10.2.      Product Portfolio

6.10.3.      Strategic Developments

6.10.4.      Nitrocellulose Market  Sales, Revenue and Market Share

7.       Global Nitrocellulose Market  Competition, by Manufacturer

7.1.       Global Nitrocellulose Market  Sales and Market Share by Manufacturer (2016-2017)

7.2.       Global Nitrocellulose Market  Revenue and Market Share by Manufacturer (2016-2017)

7.3.       Top 5 Nitrocellulose Market  Manufacturer Market Share

7.4.       Market Competition Trend


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Nitrocellulose Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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