Nitrocellulose Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Increasing applications in printing, leather, automotive and furniture industries drives the growth of Global Nitrocellulose Market.
Nitrocellulose market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Sensor Patch market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Nitrocellulose, is a highly flammable compound formed by nitrating cellulose by exposure to nitric acid or other powerful nitrating agent. Nitrocellulose is a chief component of smokeless gunpowder. It is used for immobilizing nucleic acids in Northern blots and Southern blots in nuclear biology and also utilized for immobilization of proteins in Western blots, owing to its non-specific affinity for amino acids. In addition, nitrocellulose is largely used as support in diagnostic tests such as U-Albumin tests, pregnancy tests and CRP. Furthermore, nitrocellulose, when dissolved in ether or another organic solvents, the solution is called as collodion. This solution is used as a carrier of topical medications and as a wound dressing. Nitrocellulose lacquer and paint are also used in the manufacture of guitars. Nitrocellulose polish is used as an aircraft dope for providing protection to the aircraft material. The increasing use of nitrocellulose in all such wide range of applications is expected to drive the global nitrocellulose market during forecast period.
Increasing per capita expenditure, and growth in furniture industry due to its uniqueness in polishing and adhering behavior are expected to drive the growth of nitrocellulose market within the forecast period. According to FAO, The European union produces an estimated USD 73 billion a year furnitures, while in United States it is the biggest single producer with an output of around USD 25 billion per year. As the demand for furniture increases likewise the demand for nitrocellulose compounds gradually increases. In addition, increasing demand from wood coatings, leather finishes, automotive paints, nail varnish and printing inks is also expected to fuel the growth of this market. However, factors such as increasing buyer bargaining power, emphasis on high-quality products at low costs may restrain the growth of the market.
Key Players of global Nitrocellulose market are like SNPE, Nitro Quimica, TNC, The Dow Chemical Company, Nitro Chemical Industry, Nitrex Chemicals, Synthesia, Sichuan Nitrocell Corporation, Hengshui Orient Chemical, Hubei Xuefei Chemical, Jiangsu Tailida, Baoding Baofeng Nitrocell, and others.
Global Nitrocellulose Market Segmentation
By Type
• E-grade Nitrocellulose
• M-grade Nitrocellulose
• A-grade Nitrocellulose
• Other Nitrocellulose
By Applications
• Printing inks
• Automotive paints
• Wood coatings
• Leather finishes
• Nail Varnishes
• Others
By Regional & Country Level
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Germany
o Italy
• Asia Pacific
o China
o Japan
o India
o Southeast Asia
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o GCC
o Africa
o Rest of Middle East and Africa
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