市場調查報告書
商品編碼
1247386
全球硝化纖維素市場 (-2032):市場規模(按應用),區域展望,競爭戰略,細分市場預測Nitrocellulose Market Size- By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032 |
到 2032 年,全球硝化纖維市場規模預計將達到 13 億美元,複合年增長率為 5.13%。
儘管存在一些挑戰,但市場預計在未來幾年內會增長,這主要是由於製造業對硝化纖維素的需求不斷增加,預計由於世界工業化程度的提高而進一步擴大。 此外,不斷變化的時尚趨勢以及客戶在優質服裝和鞋類上的支出增加預計將推動對用於多功能服裝和皮革製品的硝化纖維的需求。
本報告研究和分析了全球硝化纖維素市場,提供了市場概況,市場動態,市場前景,細分和區域分析,主要參與者概況等。
Global Nitrocellulose Market Overview
According to SPER Market Research, the Global Nitrocellulose Market is estimated to reach USD 1.30 billion by 2032 with a CAGR of 5.13%.
Nitrocellulose is a compound created from cellulose, nitric acid, or other heavy nitrate compounds, and is extremely flammable. When used as a low-order explosive or propellant, it is known as guncotton. In addition, if cellulose is not completely nitrated, it can be used for a variety of applications, including plastic films, wooden coatings, and ink printing. Manufacturers are being urged to modify their paint and coating formulations to meet changing regulatory requirements, which is expected to drive the growth of the nitrocellulose market. Furthermore, an increase in consumer spending on high-quality clothing and footwear, which are comfortable and multifunctional, as well as changes in fashion trends, are anticipated to boost demand for nitrocellulose. Additionally, the cellulose nitrate industry benefits from the need for high gloss or matte finishes for leather products to enhance their appearance and provide protection against heat and moisture.
Governments worldwide have released a range of laws and regulations requiring importers to obtain an import license for the sale of nitrocellulose to protect public safety and avoid misuse of the material. Industrial nitrocellulose is classified as a hazardous substance, and as a result, it is subject to regulations related to explosive substances, necessitating more precautionary measures and increased costs. Additionally, the expansion of industrialization is projected to present numerous new business opportunities.
Despite a few challenges, the market is expected to grow in the coming years, primarily due to increased demand for nitrocellulose from the manufacturing sector, which is expected to expand further due to global industrialization. Furthermore, changes in fashion trends and rising customer spending on high-quality clothing and footwear are expected to drive demand for nitrocellulose, which is used in multifunctional apparel and leather products.
Impact of COVID-19 on the Global Nitrocellulose Market
The market demand for nitrocellulose from various end-use industries, including automotive paints, printing inks, and wood coatings, was significantly impacted by the COVID-19 pandemic. The nationwide lockdowns and closure of manufacturing units caused a substantial decline in demand. The automotive sector was severely affected by the pandemic, resulting in the disruptive halt of automobile production. This, in turn, further contributed to the decline in the sector, leading to a reduction in demand for nitrocellulose used in automotive paints.
Scope of the Report
Report Metric Details:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Application
Regions covered Asia Pacific, Europe, Middle East and Africa,North America, Latin America
Companies Covered Hubei Xufei Chemical Co. Ltd. IVM Chemicals, Jiangsu Tailida Group, Nitrex Chemicals India Pvt. Ltd., Nitro Chemical Industry Co. Ltd., Nobel NC, Sichuan North Nitrocellulose Corp. (SNC), Synthesia A.S., T.N.C. Industrial Co. Ltd.
Global Nitrocellulose Market Segmentation:
By Application: Based on the Application, Global Nitrocellulose Market is segmented as; Printing Inks, Automotive Paints, Wood Coating, Leather Finishes, Nail Varnishes, Other
By Region: North America, Europe, South America, Asia Pacific, the Middle East, and Africa are among the areas for the market that were examined. Due to an increase in residential and commercial construction activities in line with rapid urbanisation, Asia Pacific currently dominates the nitrocellulose market.