Nitrocellulose Market Size

Nitrocellulose Market Size

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

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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.