Latest News- Nitrocellulose Market: Printing ink is expected to lead the Application segment during 2025-2029

The Nitrocellulose Market is being driven by Abundant availability of cellulose and simple manufacturing process for nitrocellulose

The Nitrocellulose Market is expected to grow at a CAGR of 8.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 556.2 million. Nitrocellulose is a crucial component in the production of low-order explosives, specifically used as a propellant. Propellants are classified as single-base, double-base, and composites, with nitrocellulose serving as the primary ingredient in single-base propellants. These propellants generate motion for objects and produce subsonic explosions, lacking the supersonic over-pressurization shock wave characteristic of high-order explosives. Examples of low-order explosives, including pipe bombs, gunpowder, and petroleum-based bombs like the Molotov cocktail, utilize nitrocellulose in their formulation. Single-base propellants consist of simple nitrocellulose powder, while double-base propellants incorporate nitroglycerine-added nitrocellulose powder. Composite propellants, which contain a combination of fuels and oxidizers, also include nitrocellulose and nitroglycerine in their composition. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Printing ink
  • Automotive paint
  • Wood coating
  • Leather finishes
  • Others
• Grade Type
  • E grade
  • A grade
  • M grade
• Type
  • Soluble
  • Insoluble
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Abundant availability of cellulose and simple manufacturing process for nitrocellulose
• Growth of wooden furniture industry
• Increasing demand for nitrocellulose in emerging economies

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations on emissions of hazardous substances
• Volatile prices of raw materials used in paint production
• Increasing digitalization leading to reduced demand for paper

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Market Scope in Nitrocellulose Market Research Report

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Research Analysis Overview

The Nitrocellulose market encompasses various applications, including printing inks for both the graphic arts industry in forms of gravure and flexographic inks, and in paints and coatings. This market relies on Cellulose, derived from Nitric acid and Cotton (Guncotton), which is also used in explosives and propellants. German Explosives and the EU Council Directive have set regulatory requirements for its use. Automotive paint, printing inks, logistics, and packaging in forms of printing tins, wood coatings, plastic films, and paints and coatings formulations, are significant sectors. Fashion trends, customer spending on clothing, apparel, footwear, and leather products, and the gloss level of these products, influence market growth.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market's size is determined by the consolidated revenue of these companies. Factors fueling the market expansion include the increasing preference for specialty adhesives and sealants, driven by the growing demand for these products in various end-use industries. Additionally, the use of nitrocellulose, derived from cellulose, nitric acid, and guncotton, in printing inks, gravure and flexographic inks, and explosives and propellants, further bolsters the market's growth trajectory.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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