Nitrocellulose Market to witness 5%+ CAGR over 2019-2025 - PowerPoint PPT Presentation

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Nitrocellulose Market to witness 5%+ CAGR over 2019-2025

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Request Sample of Report @ Europe Nitrocellulose Market from automotive paints industry had accounted for more than 40 million in 2018. Manufacturers are more focused on enhancing the quality of auto paints by using nitrocellulose’s high viscosity grades to repair and refinish. This is due to the product’s quality standards that help enhance the film flexibility and strength without compromising with the quality standards. – PowerPoint PPT presentation

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Title: Nitrocellulose Market to witness 5%+ CAGR over 2019-2025


1
Nitrocellulose Market to reach USD 1 billion by
2025 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Nitrocellulose Market
  • Global Nitrocellulose Market is set to grow from
    its current market value of more than 795
    million to over 1 billion by 2025 according to
    a new research report by Global Market Insights,
    Inc. Rising use of nitrocellulose across multiple
    industrial formulations will drive nitrocellulose
    market share over the forecast timeframe. The
    product is known to dissolve easily in several
    organic solvents and provides a tough, flexible
    film that is best used for an effective surface
    finish, enhancing the use of the product in auto
    paints and wood coating applications.
  • The government has laid down a few strict
    regulations which, along with the rise in the
    cost of petroleum derivatives, has collectively
    induced the manufacturers to revise their
    formulations for paints coatings. Meeting the
    changing regulatory requirements will help
    support the growth of guncotton and in turn,
    drive nitrocellulose market size over the
    projected time period.

3
Continued...
  • Nitrocellulose is extensively used in the leather
    industries for finishes due to its ability to
    prevent the formation of foam and soften the
    leather. The product makes the leather soft and
    smooth coating it with a high gloss over the
    surface that in turn enhances the lifespan of the
    product across end-use applications.
  • Leather products usually need matt or high gloss
    finishes that improve their appearances and
    provide protection against moisture and heat.
    Global leather goods industry had accounted for
    more than USD 410 billion in the year 2017.
  • Constantly changing fashion trends with the
    increase in the consumer expenditure on
    high-quality clothing has driven the demand for
    multifunctional and comfortable apparel and
    footwear which will propel nitrocellulose market
    outlook.

4

Browse key industry insights spread across 170
pages with 105 market data tables and 42 figures
charts from the report, Nitrocellulose Market
in detail along with the table of contents
https//bit.ly/2MZxONs Get sample copy of
this research report _at_ https//bit.ly/2JBwwpY
5
Continued...
  • There has been a rise in the number of people
    focusing on personal appearance which has
    increased the spending by consumers on innovative
    cosmetic products. With the rise in the trend of
    nail art among the young generation as an
    important grooming component, there has been a
    steady adoption of nail paints that have natural
    content and reduced chemical content, which will
    influence the business outlook.
  • The substance essentially has fast drying and
    effective features that makes it a key ingredient
    in the nail lacquer formulation and is mostly
    used in nail manicuring and cream products. North
    America nail varnish industry is estimated to
    reach more than USD 25 million by the year 2025.
    Nitrocellulose paints used in higher levels in
    nail varnishes generally accentuates the
    flexibility of the film that improves the
    durability of the end-use product. Nail polish
    sales had surpassed USD 565 million in 2018 which
    amounted to nearly 50 of the nail products in
    the U.S markets, depicting a promising trend for
    nitrocellulose market share.

6
Continued...
  • The European region is witnessing a considerable
    development of the automotive industry which has
    fostered the demand for auto paints of high
    quality in order to protect the vehicles from
    oxidation, corrosion as well as improve their
    aesthetic value.
  • Europe automotive paints industry had accounted
    for more than 40 million in 2018. Manufacturers
    are more focused on enhancing the quality of auto
    paints by using nitrocelluloses high viscosity
    grades to repair and refinish. This is due to the
    products quality standards that help enhance the
    film flexibility and strength without
    compromising with the quality standards.
  • Nitrocellulose paints have the capability to
    enhance the presentation, performance and
    durability of vehicles which are major attributes
    contributing to the demand of the product in the
    region. Consumers are seeking automotive with
    improved coating performance helping in the
    reduction of vehicle maintenance and servicing
    over the long term.

7
Table OF Content
Chapter 1 Methodology Scope 1.1
Methodology 1.2 Market definitions 1.3
Market estimation forecast parameters 1.4
Data Sources 1.4.1 Primary 1.4.2
Secondary 1.4.2.1 Paid Sources 1.4.2.2
Public Sources Chapter 2 Executive
Summary 2.1 Nitrocellulose industry 3600
synopsis, 2019 - 2025 2.1.1 Business
Trends 2.1.2 Regional trends 2.1.3
Application trends
8
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