Nitrocellulose Market

Market Overview:

The global nitrocellulose market size reached US$ 863.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,322.1 Million by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.

Nitrocellulose (C₁₈H₂₁N₁₁O₃₈) is a polymer produced by treating cellulose, such as cotton linters and wood pulp, with a mixture of nitric and sulfuric acids. It is highly flammable, non-toxic, and immiscible in water, which makes it an excellent propellant for large munitions. As a result, it finds numerous applications in everyday life, ranging from smokeless gun powder to waterproof fuses in pyrotechnics to inks, adhesives, varnishes, resins, and lacquer coatings. Besides this, it is also utilized in embedding sections in microscopy, photography, electro techniques, galvanoplasty, and plastics worldwide.

Nitrocellulose Market Trends:

The extensive use of nitrocellulose in different end use industries across the globe represents one of the major factors impelling the market growth. For instance, it is employed in the automotive industry for manufacturing high-performance paints for metal surfaces on vehicles. Additionally, boosting sales of vehicles on account of improving income levels and rapid urbanization is contributing to the market growth. Moreover, due to its excellent adhesion, durability, toughness, solubility, and quick solvent release under ambient drying conditions, nitrocellulose is used in the formulation of cosmetics and personal care products. This, in confluence with the escalating demand for these products, is driving the adoption of nitrocellulose in manicuring products, basecoats and undercoats, nail creams and lotions, and nail polish, enamels, and removers. Apart from this, it is utilized in the pharmaceutical industry to make over-the-counter (OTC) drug products for the removal of corns, warts, and calluses. Nitrocellulose is also gaining traction for producing membranes that are used to immobilize deoxyribonucleic acid (DNA), ribonucleic acid (RNA), or protein with a labeled sequence or antibody, microscopy embedding, electro techniques, skin protectants, and microfilters.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global nitrocellulose market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, application and end use industry.

Breakup by Product:

• M Grade Cellulose
• E Grade Cellulose
• A Grade Cellulose
• Others
   

Breakup by Application:

• Printing Inks
• Automotive Paints
• Wood Coatings
• Leather Finishes
• Nail Varnishes
• Others
   

Breakup by End Use Industry:

• Building and Construction
• Textile
• Automobile
• Aerospace
• Personal Care and Cosmetics
• Marines
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being DuPont de Nemours Inc., GRN Cellulose Pvt. Ltd., Hagedorn NC, Hubei Xufei Chemical Co. Ltd., IVM Chemicals srl, Nitrex Chemicals India Ltd., Nitro Chemical Industry Ltd., Nitro Química, Rayonier Advanced Materials, Rheinmetall AG, Synthesia a.s., T.N.C. Industrial Co. Ltd. and The Nitrocellulose Group.

Report Coverage: