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Nitrocellulose Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: October 2023 || SKU: CH4508
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180 pages
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Global Nitrocellulose Market is Segmented By Application (Printing Inks, Automotive Paints, Wood Coatings, Leather Finishes, Nail Varnishes, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis,  2023 - 2030

 

Nitrocellulose Market Overview

[180 pages] Report on Global Nitrocellulose by DataM Intelligence estimates the market to grow at a CAGR of 6.02% during the forecast period 2023 - 2030. Demand from construction industry in Asia Pacific is rising. Competitive rivalry intensifies with Bergerac N C, Reagents Inc, Wonda Science Inc and others operating in the market.

Alexander Parkes created the first man-made plastic, nitrocellulose, in 1862 by treating cellulose with nitric acid and a solvent. The technique is nearly comparable to how trinitrotoluene (often known as TNT or dynamite) is made, so the government wants to ban its use in industry. Nitrocellulose, commonly known as cellulose nitrate, is a highly explosive chemical composed of cellulose nitric esters used as the principal element in modern gunpowder and some lacquers and paints. It was the foundation of the first man-made fibers and plastic materials in the late 19th and early 20th centuries.

Wood pulp is the principal source of cellulose in the commercial production of nitrocellulose. The cellulose sheet and nitrating acids are combined in a reacting vessel, where the nitration process continues until the acids are centrifuged out of the nitrated result. Any remaining acid is eliminated by washing the nitrocellulose slurry in water and boiling it in an acidic solution. Various stabilizers are frequently added to the product to prevent it from degrading when exposed to light and heat. Nitrocellulose is normally kept and carried in water or alcohol to limit the risk of combustion.

When cellulose is treated with nitrating acid and used as a fuel or low-order explosive, they are created. Because of their use in fertilizer manufacturing and other industrial uses, nitric and sulfuric acids are expected to expand rapidly. The global nitrocellulose market is likely to be driven by the growing demand for explosives, printing inks, wood coatings, and plastic films in the coming years.

 

Nitrocellulose Market Summary

Metrics

Details

Market CAGR

6.02%

Segments Covered

By Product Type, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Source: DataM Intelligence Analysis (2023)

Nitrocellulose Market Trends

The increasing use of nitrocellulose-based inks in the coatings and paints industry in rising nations like India, China, Vietnam, and Colombia will likely boost market growth. Because guncotton is a highly flammable substance, its use and storage are strictly regulated.

The spike in nitrocellulose usage in paints & coatings and various other industries. 

Due to various applications, including explosives, printing inks, wood coatings, and plastic films, the global demand for nitrocellulose is predicted to grow over the next six years. Manufacturers have been advised to update their paints and coatings compositions to comply with changing regulatory standards, which should help the nitrocellulose market grow.

Changes in trends and increased customer spending on high-quality clothes fuel demand for comfortable, multifunctional garments and footwear, likely driving the nitrocellulose market forward. Leather products also require high gloss or matte finishes to enhance their appearance and give protection against heat and moisture, which aids the cellulose nitrate sector.

Growing usage of nitrocellulose in nail varnishes owing to its high solubility & semi-occlusive nature.

Consumer awareness of non-toxic and natural additives in nail care solutions has increased due to growing concerns about general nail health, which will drive nitrocellulose market expansion. Nail coatings using cellulose nitrate protect the nails while also allowing for breathability, a major driver of product demand in the market. The substance works as a film-forming agent and improves its toughness, making it more flexible and resistant to washing and water.

The introduction of organic components for use in various cosmetics formulas has moved customer preference toward using organic nail varnishes, resulting in increased product demand from the industry. The substance is used in nail creams and polishes because it has excellent adhesion, durability, and solubility, making it essential in nail varnish formulas. The market is expected to be driven further due to rising consumer spending expenses on cosmetics and a growing emphasis on high-quality items at reasonable prices.

The high price and explosiveness of nitrocellulose hinder growth.

Governments worldwide, on the other hand, have enacted a flurry of regulations and rules requiring importers to get an import license before selling this commodity to protect the public's interest and prevent substance misuse. Because industrial nitrocellulose is classified as hazardous, it is subject to various regulations governing explosive substances. As a result of this classification, additional preventative measures are performed, resulting in a higher cost.

The explosive nature of nitrocellulose will provide a significant impediment to commercial expansion. Careless handling of nitrocellulose might result in catastrophic losses and even death. Nitrocellulose is flammable and will limit its use in certain industries, such as transportation.

COVID-19 Impact on Nitrocellulose Market Growth

Nitrocellulose is principally used in printing inks, automotive paints, wood coatings, leather finishes, and nail varnishes. These industries have seen a modest slowdown in growth due to the national lockdown. Many countries' economies have suffered due to the shutdown of various businesses, particularly transportation and supply chains. Because there is no development owing to the lockout, demand for the product has been hampered.

During the COVID-19 pandemic, the chemical industry's growth is likely to be hampered by a demand-supply mismatch, disruptions in raw material procurement, and price instability. Due to commodities' import and export restrictions, the automotive industry is experiencing challenges such as delays in acquiring nitrocellulose from manufacturers.

The pandemic is wreaking havoc on the automobile sector. Automobile production has been disrupted, resulting in a significant loss in the automotive sector. The demand for nitrocellulose has decreased dramatically due to the drop in vehicle production, which has a big influence on the nitrocellulose market.

However, in emerging countries, the need for online shopping is growing and labels, plastic bags, and invoices are commonly utilized for packing, necessitating the usage of printing inks for marking deliverable items. As a result, the nitrocellulose market is driven by the growth of e-commerce platforms.

Global Nitrocellulose Market Segment and Shares Analysis

The nitrocellulose market is segmented into printing inks, automotive paints, wood coatings, leather finishes, nail varnishes, and others.

Rapid development in residential construction activities drives the nitrocellulose market for the wood coatings segment.

Due to increased residential activity, wood coatings became the second-largest application segment. Over the forecasted years, rapid development in the furniture sector and high demand are expected to support the segment's growth. During wood coatings, the product has a wide range of applications. Other color applications used with cellulose nitrate-based wood treatments include sap stains, fillers, general stains, and toners. The wood coating is used in sliding doors and windows, furniture decking, and other applications.

The furniture industry's recent rapid growth and high demand are expected to complement the segment's growth during the forecast years. The rising standard of living has raised furniture demand, which is likely to add to the segment's growth. In musical instrument manufacturing, nitrocellulose lacquer-based wood coating is the most extensively used element as a finishing agent in steel strings for guitars, mandolins, and banjos. These variables promote cellulose nitrate use in this application category.      

Source: DataM Intelligence Analysis (2023)

Nitrocellulose Market Geographical Analysis

Robust growth in the coatings industry to drive spectacular growth in Asia-Pacific

In the coming years, Asia-Pacific is predicted to be the fastest-expanding market for nitrocellulose. The main reason for this is the increased need for nitrocellulose in developing Asian countries such as India, China, Malaysia, Indonesia, and Thailand. Because of growing worries about environmental deterioration, the construction industry is seeing a surge in demand for bio-based and eco-friendly coatings, which presents tremendous prospects for product demand. Manufacturers are working on cellulose nitrate-based solutions to give exceptional wood coatings with great flexibility and a soft touch.

Wood coatings are used in various residential, commercial, and industrial applications, including windows, doors, flooring, and cabinet furniture. To attain excellent performance attributes for architectural coatings, advances in coating development have encouraged the adoption of alternatives to aqueous solutions. Furthermore, the current trend toward formulations with low odor and VOC has provided considerable prospects for high-solids solvent-based solutions, which could boost nitrocellulose demand in the region.

For high solid coatings, different viscosity grades of the compound are employed because these coatings dry faster and improve the wood grain quality. Compared to other water-based coatings, the product is simple to apply and provides a smooth, beautiful surface. It may also be used with color applications such as fillers and toners. The demand for premium quality furniture has increased due to rising living standards and increased home construction activity, which will significantly impact market growth.

Source: DataM Intelligence Analysis (2023)

Nitrocellulose Companies and Competitive Landscape

Companies are increasing their R&D spending to develop efficient goods using renewable feedstock. Manufacturers are also attempting to gain a competitive advantage in economies of scale, innovation, price, and operational costs. Several rules control the industry's manufacturing processes and applications across numerous end-use sectors.

Several government agencies have issued recommendations for transit, manufacture, and disposal. To meet rising demand and compete with existing multinationals, manufacturers are focusing on extending their product portfolio. To increase their product line, Nitrex Chemicals India Pvt. Ltd. purchased the cellulose nitrate business section of Imperial Chemical Industries (ICI) in India in March 2004.

Companies like Atomax Chemicals Co., Ltd., Bergerac N.C., Nitro Quimica, Nitro Chemical Industry Co., Ltd., Reagents, Inc, Tembec Inc., TNC Industrial Co., Ltd., Wonda Science Inc., Nitrochemie AG, and Nitrex Chemicals India Pvt. Ltd. are prominent players in this industry.

Nitrochemie AG

Overview: Nitrochemie is a global technology company based in Wimmis, Switzerland, and Aschau, Germany, with three primary business segments: propulsion systems, chemistry, and paper save. Nitrochemie has established itself as a global leader in its disciplines thanks to investments in cutting-edge manufacturing facilities and cutting-edge technology.

In charge of systems and civil chemistry, Nitrochemie has many products. It specializes in researching and developing high-performance fuels and propelling charges for military and commercial applications. Nitrochemie is one of Europe's largest propellant powder manufacturers. Charge components, such as explosive cast parts, round out the portfolio. Nitrochemie is a Rheinmetall Group and RUAG MRO Holding AG joint venture.

Product Portfolio: The company provides high-performance propulsion systems for civil and military uses. The product portfolio includes modular charge systems, fuels, and flammable cartridge containers for varied purposes. Nitrocellulose is an acriticaly component in creating all propellants and combustible components and civil explosives. Nitrocellulose is available in two forms: water-wet and alcohol-wet.

Key Developments: At the IWA&Outdoor Classics 2016, Reload Swiss RS debuted a new long gunpowder called RS36. Reload Swiss RS, the Nitrochemie AG brand for high-performance propellant powders, has released RS36, a new long gun powder. In the range between the current long gun powders RS30 and RS40, the new RS36 allows shooters to improve their hand loads even further. It was developed for 7.62 x 39 mm caliber and is great for lever-action and loads 30-30 Winchester,444 Marlin and.45-70 Government. Its single-base, extruded nitrocellulose powder is also suited for 222 Remington and.223 Remington with light bullets up to 50 grains.

Why Purchase the Report?

  • Visualize the nitrocellulose segmentation by application and region, highlighting the key commercial assets and players.
  • Identify commercial opportunities in nitrocellulose by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of nitrocellulose-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global Nitrocellulose report would provide access to approx. 45 market data tables, 35 figures, and 180 pages.

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FAQ’s

  • Among all regions, Asia Pacific is the fastest-growing market share during the forecast period 2023 - 2030

  • Major players are Bergerac NC, NITRO QUIMICA, NITRO CHEMICAL INDUSTRY CO., LTD., Reagents, Inc, Tembec Inc, TNC Industrial Co Ltd, Wonda Science Inc, Nitrochemie AG, Nitrex Chemicals India Pvt. Ltd and Atomax Chemicals Co Ltd.
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