Authored By: Sarah
11 Jul 2024

 Nitrocellulose Market Size to grow by USD 421.2 million between 2023-2027

According to a research report “ Nitrocellulose Market” by Application (Printing ink, Automotive paint, Wood coating, Leather finishes, Others ) Grade Type (E grade, A grade, M grade ) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 421.2 million, at a CAGR of  7.56% during the forecast period. Nitrocellulose is a critical industrial compound derived primarily from cellulose, a naturally abundant polysaccharide sourced from various plant-based fibers, including cotton, hemp, flax, and jute. Cellulose, an organic compound with a unique structure, is the major raw material for nitrocellulose production. The process involves the reaction of a cotton ball, a pure form of cellulose, with a 2:1 volume ratio of concentrated nitric and sulfuric acids. This reaction facilitates the formation of nitrocellulose, a versatile compound that reacts easily with acids and bases.

Browse market data tables, figures, and in-depth TOC on “Nitrocellulose Market” by Application (Printing ink, Automotive paint, Wood coating, Leather finishes, Others ) Grade Type (E grade, A grade, M grade ) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2027. Download Free Sample

 

By Application, the Printing ink segment is projected to dominate the market size in 2024

ai_market_segmentation_by

By Grade Type, E grade  segment is expected to hold the largest market size for the year 2024

In the global nitrocellulose market, the printing ink segment holds the largest market share, with nitrocellulose accounting for approximately 8-10% of the raw material composition. This is due to its cost-effective nature, rapid drying properties, and heat resistance. Additionally, nitrocellulose can be dissolved in organic solvents, making it odorless and non-toxic, which is a significant advantage in the printing industry. In the packaging sector, nitrocellulose-based printing inks are extensively utilized in the production of high-contrast and high-resolution graphics on flexible films, primarily used for food and bakery product packaging.

APAC is forecasted to hold the largest market size by region in 2024

The Asia Pacific (APAC) region held the largest market share in the global nitrocellulose industry in 2022, with substantial growth anticipated during the forecast period. This dominance is primarily driven by significant investments in various application segments, such as automotive paints and wood coatings, in emerging economies like India, China, and other APAC countries. The region's high demand for nitrocellulose can be attributed to its use in lacquer, paints, coatings, and coating sprays. Moreover, APAC is a significant producer and consumer of major nitrocellulose raw materials, including sulfuric acid and nitric acid. Key revenue-generating countries in the region include China, India, Indonesia, Vietnam, and Japan.

The Nitrocellulose Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AGROFERT AS
  • Asahi Kasei Corp.
  • Celanese Corp.
  • Eastman Chemical Co.
  • Eurenco
  • GRN Cellulose Pvt. Ltd.
  • Hagedorn NC GmbH
  • Hubei Xuefei Chemical Co. Ltd.
  • International Flavors and Fragrances Inc.
  • IVM Srl
  • KOREA CNC Ltd.
  • Kumho Petrochemical Co. Ltd.
  • MAXAMCORP HOLDING SL
  • Merck KGaA
  • Nitrex Chemicals India Ltd.
  • Nitro
  • Nitro Chemical Industry Ltd.
  • Nitroparis S.L.
  • TNC Industrial Co. Ltd.
  • Rheinmetall AG
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

Nitrocellulose, a pulp-like substance derived from cellulose, is a highly flammable compound widely used as a nitrating agent in various industries. It is produced by treating cellulose, typically derived from wood pulp or cotton linters, with nitric acid. The resulting product, Cellulose nitrate or Nitrocellulose, is a versatile material with explosive nature, making it a key component in gunpowder and rocket propellants. In addition to its explosive applications, Nitrocellulose is also used in the production of Smokeless gunpowder, providing a more efficient and cleaner alternative to traditional black powder. The compound's unique properties also make it valuable in other industries, including Paints and coatings, Printing inks, and the manufacture of Plastic film and Lacquers, known as Guncotton. Despite its widespread use, the production and handling of Nitrocellulose must adhere to strict regulations, particularly in the European Union, due to its explosive nature. Proper storage, transportation, and disposal are essential to ensure safety and prevent potential hazards.

Market Research Overview

Nitrocellulose, a pulp like substance derived from wood pulp, plays a significant role in various industries including wood coatings, printing inks, and explosives. In wood coatings, nitrocellulose is used as a binder in wood stains, varnishes, and lacquers due to its quick drying ability and high solubility in solvents such as sulfuric acid, nitric acid, and isopropyl alcohol. In the printing industry, nitrocellulose is used as a base for inks in various printing techniques like gravure printing, flexography, and inkjet printing. Its flammable nature makes it suitable for use in explosives and rocket propellants. However, its explosive nature and health hazards such as unconsciousness, dizziness, and respiratory tract irritation have led to EU regulations limiting its use. Nitrocellulose is also used in the automotive sector for paints and coatings, providing a permanent aesthetic look to cars. In the furniture industry, it is used for leather finishing, lamination based inks, and furniture decking. Its compatibility with additives and quick drying ability make it ideal for use in contemporary printing machines. Despite its advantages, nitrocellulose has drawbacks such as little solvent retention, flammability, and adverse effects on skin (dermatitis) and organs (liver and kidney damage) with prolonged exposure. Technological development has led to the production of eco-friendly inks and solvent-free nitrocellulose coatings. Nitrocellulose is also used in various other industries such as construction activities, outdoor signage, and carpets & coloring. Its use as a nitrating agent in the production of gunpowder (guncotton) and smokeless gunpowder is well-known. However, its use in paints for cars, windows, sliding doors, and printing inks, as well as in plastics (plastic films, plastic bags), pharmaceutical sterility testing, and even in nail varnishes, is less known. The demand for nitrocellulose and inks continues to grow due to increasing living standards and the need for quick printing speeds in various industries. However, the challenges posed by its adverse effects, flammability, and environmental impact necessitate the development of alternative, eco-friendly materials. In conclusion, nitrocellulose, a versatile compound derived from wood pulp, has a wide range of applications in various industries. Its unique properties such as quick drying ability, solubility, and adhesion make it an essential ingredient in various products. However, its adverse effects, flammability, and environmental impact necessitate the development of alternative, eco-friendly materials. The Clean Energy Ministerial's focus on sustainable and eco-friendly technologies offers an opportunity for the development of such alternatives.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio