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Nitrocellulose Market Share

Name: Nitrocellulose Market Projections 2019-2025 | Global Report
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI386
Published Date: Oct 2019
Report Format: PDF

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Nitrocellulose Market Share

In February 2017, Nitro Quimica launched its new product brand structure for nitrocellulose along with expansion of its products and service portfolio. This initiative will enhance nitrocellulose and derivatives product portfolio inks & varnishes applications. Furthermore, the company has been investing nearly 2% of its annual revenue on R&D to enable development of new products.

In June 2016, Nitro Quimica Corporation announced the acquisition of Alchemix Corporation, a producer of nitrocellulose-based solutions for dermatological products. This acquisition will enable the expansion of the company’s product portfolio and strengthen its participation in the North America market.

In July 2016, Nippon Paint India partnered with cellulose based manufacturer, IVM Chemicals to promote its wood coating products based on Japanese technology. This partnership will promote Nippon Paint’s existing coating products and IVM chemical brands in India.

Several major players are involved in various strategic collaborations to enhance their market presence and gain a competitive edge in the industry. 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
TNC Industrial Co., Ltd

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Overall nitrocellulose market would be pegged at a valuation of USD 1 billion in 2025.

The overall nitrocellulose market was valued at USD 795 million in the year 2018.

According to forecasts by Global Market Insights, Inc., the industry expects worldwide consumption of over 305 kilo tons by 2025.

The nitrocellulose market valuation in 2018 estimated at USD 795 million, according to this latest report.

The Asia Pacific market growth will be driven by growing demand for bio-based and eco-friendly coatings from construction industry on account of rising concerns towards environmental degradation.