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Nitrocellulose Market Size By Application (Automotive Paints, Printing Inks, Leather Finishes, Wood Coatings, Nail Varnish), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

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

Nitrocellulose Market Size

Nitrocellulose Market size estimated at USD 795 million in 2018 and will expect consumption of over 305 kilo tons by 2025.

Nitrocellulose Market

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Nitrocellulose is produced by the action of nitric acid on wood or cotton in the presence of concentrated sulfuric acid & occurs as a pulp-like substance. It is a highly flammable compound also known as gun cotton, is used in the manufacture of explosives, lacquers & plastics. The product imparts superior drying properties, effective adhesion, durability and high solubility, making its formulation suitable for plastic, paint, ink & coating applications.

Printing inks find applications in packaging, publication and textile industries as they enable smoother functioning of modern printing machines and provide better work quality. Usage of eco-printing inks improves ink fixation with superior scratch resistance without sacrificing the printing quality and significantly reduces the production cost in comparison to regular inks. Growing innovations in printing inks manufacturing have enabled the development of eco-friendly solvent inks with high energy efficiency and better resistance to chemicals such as cleaners which shows significant opportunities for nitrocellulose market growth.   

Printing inks containing cellulose nitrate offer graphics with high brilliance & resolution, provide complete solvent evaporation and allow high printing speeds to be achieved in modern printing machines. These products are commonly used for ink formulations as they are economic, soluble in alcohol-ether mixtures, heat resistant and offer a high degree of dimensional stability. The product offers optimum blending properties with aromatic hydrocarbons which helps solving low odor coating problems. Global printing inks market value surpassed USD 15 billion in 2017. Rising popularity of premium quality inks from paper industry and E-commerce is expected to have a positive impact on nitrocellulose market.  

The 2016 CDR TSCA (Toxic Substance Control Act) amended in the U.S., 2016, provides EPA authority to regulate certain new and existing chemicals commercialized in the United States for non-exempt purpose. Companies that manufacture and import chemicals at certain volumes in the U.S. should report to EPA in every four years through its CDR, and reporting requirements for the 2016 CDR are based upon the status of a chemical in terms of being subject to certain regulations on June 1, 2016.

Nitrocellulose Market Analysis

 Nitrocellulose Market By Automotive Paints

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Demand for automotive paints is primarily driven by rising global automotive sales and increasing government regulations towards the use of certain compounds owing to rising carbon footprint. Several major players have enhanced their research & development activities to promote innovations in auto paints and provide products with superior functionality for repair and refinish of automobiles.

High nitrogen and high viscosity grades of cellulose nitrate are used in the production of specialist paints for automotive industry as they help strengthen the films and provide flexibility. The product offers high gloss levels, superior compatibility with other binders and fast-drying property which helps delivering superior advantages over conventional paints. Consumers are preferring to buy vehicles featuring durable automotive paint as it provides moisture and heat resistance. Rising adoption of advanced coatings and growing trend towards automotive restorations & refurbishing shall further accelerate gun cotton market size. 

Growing concerns towards overall nail health has enhanced consumer awareness towards the use of non-toxic and natural additives in nail care solutions which shall foster nitrocellulose market growth. Nail coatings formulated with cellulose nitrate protect the nails along with allowing the breathability in nails which is the key driving factor of product demand from industry. The product acts as a film forming agent and enhances the toughness of film to improve flexibility, resistance to soap & water.

Emergence of organic ingredients for use in various cosmetics formulations has significantly shifted consumer inclination towards the use organic nail varnishes which shall stimulate the product demand from industry. The product is incorporated in nail creams and nail polish as it offers exceptional adhesion properties, durability and solubility which makes it an indispensable ingredient in nail varnish formulations. Rising consumer spending costs on cosmetics along with increasing emphasis on high quality products at low cost is further anticipated to drive the market growth.

  Asia Pacific Nitrocellulose Market By Application

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Demand for bio-based and eco-friendly coatings from construction industry owing to rising concerns towards environmental degradation shows huge opportunities for product demand from the industry. Manufacturers are engaged in developing solutions based on cellulose nitrate to offer superior finish wood coatings which provide high flexibility and soft touch.

Wood coatings are utilized in various applications of residential, industrial and commercial industries such as windows, doors, flooring and cabinet furniture. Advancements in development of new coatings has promoted the use of alternatives to waterborne solutions so as to achieve high performance properties for architectural coatings. In addition, ongoing shift towards formulations which offer low odor and VOC has created significant opportunities for high solids solvent based solutions which may induce nitrocellulose market demand in the region.

Various viscosity grades of  the compound are used for formulating high solid coatings as these coatings dry at a faster rate along with enhancing the wood grain quality. The product is easy to apply and offers a smooth, decorative surface in comparison to other water based coatings and can be served with color applications such as fillers and toners. Rising standard of living and growing residential construction activities have urged the demand for premium quality furniture which shall have a major impact on market growth.

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. 

The nitrocellulose market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons revenue in USD from 2014 to 2025, for the following segments:

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By Application

  • Printing inks
  • Automotive paints
  • Wood coatings
  • Leather finishes
  • Nail varnishes
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Thailand
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America (CSA)
    • Brazil
    • Argentina
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
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.

Nitrocellulose Market Scope

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Premium Report Details

  • Base Year: 2018
  • Companies covered: 18
  • Tables & Figures: 147
  • Countries covered: 21
  • Pages: 170
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