Nitrocellulose Market Size, Share & Trends Analysis Report by Application, by Region, and Segment Forecasts, 2019 – 2025

Nitrocellulose Market Size, Share & Trends Analysis Report by Application, by Region, and Segment Forecasts, 2019 – 2025

Nitrocellulose has become a major component in several ink formulations as its significance emanates from its tremendous solvent release and compatibility with a slew of other additives. With the trend towards the petroleum-based products increasing by leaps and bounds, inclination towards nitrocellulose is likely to surge in the ensuing period.

Nitrocellulose is increasingly being used in an array of industrial segments in wood coatings, automotive paints, leather finishes and printing inks. Enlisted below are a few pointers that have transformed the dynamics of nitrocellulose market.

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Growth drivers

 

Sustained product demand in automotive painting sector has instilled confidence among stakeholders as it is likely to fuel the nitrocellulose market growth. The palpable change from brushing oil-based paint to nitrocellulose-based paint has augured well for the automotive coatings.

 

High viscosity grades and high nitrogen of nitrocellulose are profoundly being used to formulate specialist paints for repair and refinish in the automotive industry.

 

Trends that are likely to be witnessed in the industry

 

With the demand for printing inks and paper lacquers that have a high odorless solvent content soaring in the packaging industry, painting application is likely to set the trend in the nitrocellulose market.

 

Besides, nitrocellulose is being profoundly used in wood finish application where a high quality finish is needed. Given that wood finishes are based on high nitrogen grades of nitrocellulose, trend for nitrocellulose is likely to be witnessed in 2020 and beyond in the wood sector.

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Opportunities galore

 

The excellent adhesion property of nitrocellulose has provided opportunities galore to the stakeholders to boost their portfolios in the cosmetics sector. Prominently, nitrocellulose is being used in the formulation of nail varnishes that need to exhibit the highest standards of purity, strength, and clarity.

Nitrocellulose has become a pivotal ingredient in the nail lacquer formulation. Some of the attributes such as solubility, durability, toughness and quick solvent release in ambient drying environment support its increasing demand.

 

Given that nail coatings formulated with nitrocellulose are semi-occlusive, they shield the nail and enable the breathability of the nail. Furthermore, prevalence of nitrocellulose in some over-the-counter (OTC) drug products to ward off corns, warts and calluses has furthered mustered confidence among stakeholders in nitrocellulose market.

Global nitrocellulose industry share is fragmented including Dow Wolff Cellulosics, Nitro Quimica, IVM Chemicals, Nitro Chemical Industry, Nitro Chemical Industry Co., Ltd., Nitrex Chemicals India Pvt. Ltd. and TNC Industrial Co., Ltd.

 

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