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Global Nitrocellulose Market Share, Size, Trends, Analysis: By Product Type: M Grade Cellulose, E Grade Cellulose, Others; By Application: Printing Inks, Automotive Paints, Wood Coating, Leather Finishes, Nail Varnishes, Others; By End Use: Building and Construction, Textile, Automobiles, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Nitrocellulose Market Outlook
The global nitrocellulose market size reached a value of around USD 986.29 million in 2023. During the forecast period of between 2024 and 2032, the market is expected to grow at a CAGR of 5.70% to reach around USD 1,624.29 million by 2032.
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Key Trends in the Market
Nitrocellulose, also known as guncotton and cellulose nitrate, is made from the combination of nitric esters of the highly flammable cellulose molecule. It is a crucial component of various lacquers, paints, and smokeless gunpowder. Nitrocellulose can be used in wood pulp or cotton linters and is created from refined cellulose. Based on the availability of cellulose, acid concentration, reaction temperature, time, and acid-to-cellulose ratio, the nitrocellulose characteristics can differ.
- In the building and construction sector, sliding doors and windows, furniture decking, and other uses, wood coatings based on nitrocellulose are very common. The need for furniture has increased due to the building and construction industry's rapid growth as well as growing living standards, which will likely propel the nitrocellulose market forward.
- Nitrocellulose is used in standard nail lacquer compositions. It is a necessary element because of its powerful bond to natural nails. Semi-occlusive nail polishes made of nitrocellulose protect the nail while simultaneously allowing it to breathe. Over the forecast period, demand for nail varnish applications is anticipated to increase as a result of the expanding cosmetics sector globally.
- In addition, nitrocellulose is used to create over-the-counter (OTC) medication products for the eradication of corns, warts, and calluses in the pharmaceutical sector. The production of membranes for microfilters, electro methods, skin protectants, microscopy embedding, and the immobilisation of protein, ribonucleic acid, and DNA with labelled sequences or antibodies using nitrocellulose is also gaining popularity.
Global Nitrocellulose Market Analysis
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Based on product type, the market is segmented into M Grade cellulose and E Grade cellulose, among others. The market, on the basis of application, can be divided into printing inks, automotive paints, wood coating, leather finishes, and nail varnishes, among others. On the basis of end use, the market is categorised into building and construction, textile, automobiles, aerospace, personal care and cosmetics, and marines, among others. The regional markets for nitrocellulose can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global nitrocellulose market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- DuPont de Nemours, Inc.
- GRN Cellulose Pvt. Ltd.
- Synthesia A.S.
- The Nitrocellulose Group
- TNC industrial Co. Ltd.
- Others
Market Share by Application
The wood coating segment is projected to be a significant segment of the nitrocellulose market during the forecast period. In wood finishing, nitrocellulose-based lacquers are frequently employed, particularly when a high-quality finish is required. They improve the appearance of grains in a variety of woods, dry quickly, and give great polishing properties. Most wood finishes are made of nitrocellulose, which has a sizeable amount of nitrogen in it. Nitrocellulose has a glossy finish, dries quickly, and strongly sticks to different substrates.
The demand for furniture has increased as a result of rising standards of living worldwide, and this is projected to fuel segment expansion, thereby aiding the nitrocellulose market growth. Wood coatings are used, among other things, on furniture decking, sliding windows, and doors. High demand and recent rapid growth in the furniture sector are anticipated to support segment growth during the projection years.
Market Share by Region
It is anticipated that the Asia Pacific region will experience rapid growth in the nitrocellulose market. This can be attributed to the booming industries for cosmetics, paints and coatings, printing inks, and personal care goods in Asia Pacific countries like India, Indonesia, and South Korea, among others. The region's biggest producers and importers of cellulosic material include emerging economies like India, Thailand, and China.
To lower production costs, many firms are now moving their production facilities to the Asia Pacific region. These businesses benefit from lower labour costs as well as cheaper raw supplies. Additionally, a rise in the total client base is being brought on by the rapidly expanding demand for personal care products from the growing middle-class population in emerging economies of the Asia Pacific region.
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Competitive Landscape
DuPont de Nemours, Inc. headquartered in the United States, is one of the world's largest producers of chemicals and science-based products. DuPont produces a wide range of industrial chemicals, synthetic fibres, sterile and speciality packaging materials, petroleum-based fuels and lubricants, pharmaceuticals, cosmetics ingredients, agricultural chemicals, and building materials. It also produces building materials and building products.
GRN Cellulose Pvt. Ltd. was founded in 1990 and is one of the top producers of industrial grade nitrocellulose in powder (cotton) and solution form. Today, nitrocellulose produced by GRN is widely utilised in a variety of industries, including leather finishing lacquers, paints, wood lacquers, nail varnishes, printing inks, and in the defence sector.
Synthesia A.S. was founded in 1920 and is a leading producer of certified chemicals with headquarters in the Czech Republic. It specialises in the production of advanced organic intermediates, pigments, and dyes, as well as derivatives of cellulose. A significant portion of Synthesia's output is intended for export to European markets.
Other market players include The Nitrocellulose Group and TNC industrial Co. Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Nitrocellulose Market Analysis
8.1 Key Industry Highlights
8.2 Global Nitrocellulose Historical Market (2018-2023)
8.3 Global Nitrocellulose Market Forecast (2024-2032)
8.4 Global Nitrocellulose Market by Product Type
8.4.1 M Grade Cellulose
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 E Grade Cellulose
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Nitrocellulose Market by Application
8.5.1 Printing Inks
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive Paints
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Wood Coating
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Leather Finishes
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Nail Varnishes
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Nitrocellulose Market by End Use
8.6.1 Building and Construction
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Textile
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Automobiles
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Aerospace
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Personal Care and Cosmetics
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Marines
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Nitrocellulose Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Nitrocellulose Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Nitrocellulose Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Nitrocellulose Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Nitrocellulose Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Nitrocellulose Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 DuPont de Nemours, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 GRN Cellulose Pvt. Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Synthesia A.S.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 The Nitrocellulose Group
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 TNC industrial Co. Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Nitrocellulose Market: Key Industry Highlights, 2018 and 2032
2. Global Nitrocellulose Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Nitrocellulose Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Nitrocellulose Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Nitrocellulose Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Nitrocellulose Historical Market: Breakup by End Use Industry (USD Million), 2018-2023
7. Global Nitrocellulose Market Forecast: Breakup by End Use Industry (USD Million), 2024-2032
8. Global Nitrocellulose Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Nitrocellulose Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Nitrocellulose Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Nitrocellulose Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Nitrocellulose Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Nitrocellulose Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Nitrocellulose Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Nitrocellulose Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Nitrocellulose Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Nitrocellulose Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Nitrocellulose Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Nitrocellulose Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Nitrocellulose Market Structure
Key Questions Answered in the Report
In 2023, the global market for nitrocellulose attained a value of nearly USD 986.29 million.
The market for nitrocellulose is projected to grow at a CAGR of 5.70% between 2024 and 2032.
The nitrocellulose market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,624.29 million by 2032.
The major drivers of the market include the rising living standards, rapid urbanisation, growing use in end-use industries, and boosting sales of vehicles.
Rapid growth of the furniture industry and increased demand for personal care products are the key industry trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the industry are DuPont de Nemours, Inc., GRN Cellulose Pvt. Ltd., Synthesia A.S., The Nitrocellulose Group, and TNC industrial Co. Ltd., among others.
Nitrocellulose can irritate the throat and nose when inhaled. Exposure can result in headache, nausea, vomiting, light-headedness, breathing difficulties, and unconsciousness.
The main product types of nitrocellulose are M Grade cellulose and E Grade cellulose, among others.
Nitrocellulose may be thoroughly cleaned off with acetone as acetone has the capacity to fully dissolve the nitrocellulose membranes.
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