Maximize Market Research’s latest report, ” Global Nitrocellulose Market Global Demand Analysis and Opportunity Outlook 2027″, offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
By 2027, the Global Nitrocellulose Market is expected to reach US $734.37 million, thanks to growth in the Paints and Coatings segment. The report analyzes market dynamics by region and end-user industries.
Global Nitrocellulose Market Overview:
The global nitrocellulose market was valued at US $474.75 Mn. in 2020, and it is expected to reach US $734.37 Mn. by 2027 with a CAGR of 6.43% during the forecast period. Nitrocellulose is also known as cellulose nitrate, flash paper, flash cotton, guncotton, pyroxylin, and flash string, depending on the form. It is a highly flammable chemical that is synthesized by nitrating cellulose using a mixture of nitric and sulfuric acids. One of its earliest major uses was as a substitute for gunpowder, and as a propellant in weapons. In mining and other uses, it was also used to replace gunpowder as a low-order explosive. It is primarily used in the manufacture of explosives, lacquers, and celluloid.
Global Nitrocellulose Market Major Market Players
• Atomax Chemicals Co. Ltd.
• Bergerac N.C.
• Abu Zaabal Co. for Specialty Chemicals
• Dow Wolff Cellulosic GmbH
• Hagedorn NC
• Nitrex Chemicals India Pvt. Ltd.
• Nitro Chemie AG
• EURENCO
• GRN Cellulose Pvt. Ltd.
• Hengshui Orient Chemical Co. Ltd.
• Nitro Quimica
• Nitrocellulose Group
• Synthesia a.s.
• North Sichuan Nitrocellulose Corporation
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world’s largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Nitrocellulose Market by Types and Applications:
The report has covered the market size by country (regions) for the global Nitrocellulose market. Segment by Application. The Nitrocellulose Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Nitrocellulose Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Nitrocellulose Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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