Nitrocellulose Market Size Expected to Reach USD 1,363.26 Million by 2033

The global nitrocellulose market size is calculated at USD 881.79 million in 2024 and is expected to reach around USD 1,363.26 million by 2033, growing at a CAGR of 4.96% from 2024 to 2033.

Ottawa, May 22, 2024 (GLOBE NEWSWIRE) — The global nitrocellulose market size was valued at USD 840.12 million in 2023, According to Precedence Research. The nitrocellulose market is driven by increased demand in the automotive and cosmetics industries and advanced technologies.

The nitrocellulose market refers to the global trade and consumption of nitrocellulose, a highly flammable compound derived from cellulose. Nitrocellulose, also known as guncotton, cellulose nitrate, flash cotton, flash paper, pyroxylin, and flash string, is a highly flammable chemical produced by nitrating cellulose with a solution of nitric acid and sulfuric acid. It was initially utilized as guncotton, as a propellant in weapons, and as a low-order explosive in mining.

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Nitrocellulose is a nitrate ester in which the glucose repeating unit (anhydrous glucose) within the cellulose chain has three OH groups. It is used in the manufacture of lacquers and coatings, explosives, and celluloid. Nitrocellulose dissolves easily in organic solvents, forming a colorless, clear, and flexible film when evaporated. It is used as a finish on musical instruments and furniture, as well as in nail polish, because of its low cost, rapid drying time, and non-damaging characteristics.

Nitrocellulose Market Key Insights

  • Asia-Pacific region led the market with the largest revenue share of 46% in 2023.
  • North America is projected to grow at the fastest CAGR between 2023 and 2033.
  • By application, the printing inks segment has accounted for more than 28% of revenue share in 2023.
  • By application, the wood coatings segment is anticipated to witness significant growth over the projected period.

Nitrocellulose Market Data and Statistics

  • Nitro Quimica is rolling out a new product and enhancing its brand framework. The firm is diversifying its offerings in varnishes and other products, which is anticipated to bolster the overall supply capacity in this market. Moreover, the company has earmarked 2% of its investments for advancing this product line.
  • Nippon Paint has forged a partnership with a nitrocellulose company, aimed at boosting wood coatings products. This advancement in the Asia-Pacific area is projected to unlock fresh opportunities for the nitrocellulose market.

Asia-Pacific Nitrocellulose Market Size and Trends in 2024 to 2033

The Asia-Pacific nitrocellulose market size was valued at USD 386.46 million in 2023 and is estimated to hit around USD 633.92 million by 2033, expanding at a CAGR of 5.07% from 2024 to 2033.

Asia-Pacific dominated the market in 2023. The Asia-Pacific region is seeing significant industrialization and growth in the economy, which is driving the nitrocellulose market. Key trends include growth in construction, automotive demand, and textile production, while the region also encourages technological innovation. The expanding mobility needs in Asian countries because of urbanization, economic success, and population growth have created a chance for mobility service providers to enter the Asia-Pacific (APAC) market. The young generation, with its strong purchasing influence and keen interest in value for funds, wants to make better use of their time on roadways and commercialize their assets. This study focuses on the unique aspects of APAC automotive trends and how automakers can benefit from developing purpose-driven business models. This increase in the automotive industry led to a rise in the growth of the nitrocellulose market.

North America is expected to experience the fastest growth in nitrocellulose market. North America’s market is shifting toward sustainability and technological advancement, with producers investing in eco-friendly formulas and developing innovative coatings for industries such as automotive and construction. North America, a major auto parts producer, manufactured 14.8 million automobiles in 2022, which represents 17.4% of the global total. By 2023, it will account for 18.6% of worldwide production, led by the United States and Mexico. The region accounts for 20.7% of global sales and is projected to be the fastest-growing producer during the next six years.

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Nitrocellulose Market Scope

Report Attribute Key Statistics
Nitrocellulose Market Size in 2023         USD 840.12 Million
Nitrocellulose Market Size by 2024 USD 881.79 Million
Nitrocellulose Market Size by 2033 USD 1,363.26 Million
CAGR 4.96% from 2024 to 2033
Largest Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Nitrocellulose Market Highlights:

Application Insights

The printing ink segment dominated the nitrocellulose market in 2023. Nitrocellulose, which offers gloss, quick drying times, and strong substrate adherence, is an essential ingredient in flexographic and gravure inks used in the packaging sector. Its outstanding solvent release and compatibility with a range of additives, including plasticizers, pigments, and resins, are what make it significant. In flexographic printing and the packaging business, where solvents must not harm rubber blankets, there is a great demand for high-odorless solvent-content printing inks and paper lacquers. Nitrocellulose LX 3/5 is a unique low-viscosity grade that presents excellent alcohol solubility, permits a high odorless solvent content, allows the highest solids loading, elevates solids loading by 30%, achieves enhanced milling due to a higher pigment ratio, and offers excellent thermoplastic properties for reliable, high-quality products.

The wood coatings segment is anticipated to witness significant growth during the forecast period. Nitrocellulose-based lacquers are frequently utilized in wood finish applications for high-quality finishes. They improve the appearance of wood grain, dry fast, and have great polishing qualities. They can be altered with different resins or plasticizers, although they work best in light-duty applications. High nitrogen grades are used in most wood treatments; DHX 30-50 is the most often used grade because of its low viscosity and strong resistance to cold cracking.

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Market Dynamics

Drivers

Rise in demand for nitrocellulose-based paint

Nitro enamels were created for automotive coloring due to their shiny, mirror-like surface. They have advantages such as resistance to UV radiation, wetness, and a short drying period of 10 minutes to half an hour at the ambient temperature. They are useful for coloring a variety of materials, including plaster, concrete, wood, and metal, and can be utilized inside and outside buildings. Nitro enamels are reasonably priced and suitable for both indoor and outdoor uses.

Usage of nail paint

Nail polish is a famous cosmetic product derived from nitrocellulose, a highly flammable substance used to make dynamite. It forms a coating that holds other substances together by combining fluids and microscopic cotton fibers. Nitrocellulose is also a major component of movie film and scraped cine film was utilized as raw material for early twentieth-century nail polishes.

Nail polish is made from nail-grade nitrocellulose, which is fragile and clings poorly to nails. Other chemicals are required to make a satisfactory coating, and nitrocellulose is available in various viscosities that correspond to the intended end viscosity. As new products are introduced, previous components are phased out, yet nitrocellulose remains a vital element in nail polish manufacture.

Restraint: Health hazards

Nitrocellulose may induce short-term health problems such as nose and throat irritation, nausea, skin and eye irritation, headache, vomiting, disorientation, difficulty breathing, and loss of consciousness. Cancer and reproductive risks are examples of chronic health impacts that might last months or years. The New Jersey Department of Health has not investigated Nitrocellulose’s ability to induce cancer in animals or influence reproduction. However, exposure to Nitrocellulose can result in headaches, vomiting, nausea, dizziness, trouble breathing, and loss of consciousness.

Opportunity: Need for new technology.

The propellant industry needs new approaches to create more efficient and safer NC-based propellants. The granulation method involves molding and preparing propellant materials into granulates, which can be accomplished with either the water or lacquer methods. The shape of propellant granules might change according to the granulation method used. The geometry and dimensions of propellant granules have an impact on their burn rate. The lacquer method uses a solvent to dissolve NC, remove impurities, and create preliminary granules. To reinforce the granules, a protective colloid is added, and water is removed using an inorganic salt solution. The solvent is then evaporated or distilled from the propellant.

Advanced formulation processes are required to optimize stabilizer concentrations and kinds, hence increasing propellant service life. Compatibility with other propellant components is critical. Hence, comprehensive experimental procedures and stability studies are required. Longer test periods and precise characterization methodologies are required for the long-term viability of stabilized NC-based propellants. Advanced characterization techniques, computational modeling, and accelerated aging procedures are critical tools for estimating storage life.

Browse More Insights:

  • Nanocellulose Market: The global nanocellulose market size accounted for USD 0.24 billion in 2023 and is projected to surpass around USD 1.45 billion by 2032, growing at a CAGR of 22% during the forecast period from 2023 to 2032.
  • Automotive Paints and Coatings Market: The global automotive paints and coatings market size accounted for USD 17.41 bn in 2022 and it is expected to reach around USD 36.05 bn by 2032 with a CAGR of 7.60% from 2023 to 2032.
  • Paints and Coatings Market: The global paints and coatings market size accounted for USD 178.25 billion in 2023, and it is expected to hit around USD 271.56 billion by 2033, poised to grow at a CAGR of 4.3% from 2024 to 2033.
  • Isopropyl Alcohol Market: The global isopropyl alcohol market size is expected to hit around USD 5.17 billion by 2033 from USD 3.33 billion in 2023 and is poised to grow at a CAGR of 4.56% during the forecast period from 2024 to 2033.
  • Nanomaterials Market: The global nanomaterials market size was valued at USD 11.99 billion in 2022 and it is expected to hit USD 61.96 billion by 2032, registering growth at a CAGR of 17.90% from 2023 to 2032.
  • Wollastonite Powder Market: The global wollastonite powder market size was valued at USD 209 million in 2022 and is predicted to reach USD 474.71 million by the end of 2032, representing an impressive CAGR of 8.60% from 2023 to 2032.
  • Aromatic Solvents Market: The global aromatic solvents market size was valued at USD 7.50 billion in 2023 and is projected to hit around USD 11.25 billion by 2032, expected to grow at a CAGR of 4.6% from 2023 to 2032.
  • Automotive Collision Repair Market: The global automotive collision repair market size was valued at USD 219.92 billion in 2023 and is projected to hit around USD 277.06 billion by 2032, growing at a CAGR of 2.6% between 2023 and 2032.
  • Oleochemicals Market: The global oleochemicals market size was estimated at USD 22.66 billion in 2022 and is expected to hit around USD 46.26 billion by 2032, registering a CAGR of 7.4% during the forecast period 2023 to 2032.

Recent Developments:

  • In May 2024, Russia expanded its imports of nitrocellulose, a critical explosive ingredient for artillery ammunition production. In 2022, Russian nitrocellulose imports grew by 70%, reaching 3,039 tons by mid-2023, nearly doubling the level in 2021.
  • In April 2024, Synthesia, a Czech chemical business, intends to raise its production of nitrocellulose, a fundamental ingredient in gunpowder, by 1 billion crowns (€40 million). The initiative seeks to raise Synthesia’s output by 16% above the current 6,000 tons produced each year. According to Jiří Hynek, head of the Czech Defence and Security Industry Association, Synthesia is still the EU’s largest arms producer.
  • In September 2023, the researchers created a waterproof and breathable nitrocellulose-based triboelectric nanogenerator (TENG) for human-machine interaction. The changed membrane enhanced its waterproofing, breathability, and transparency. Silver nanowires (Ag NWs) were introduced into the tribo-positive layer to improve output performance. The NC-Ag NWs TENG had a 360% boost in triboelectric performance over the unoptimized one, highlighting TENGs’ potential for energy harvesting and self-powered sensing.

Nitrocellulose Market Top Companies

  • Sichuan Nitrocell Corporation (China)
  • Nobel NC (Thailand)
  • Nitro Química (U.S.)
  • DowDuPont (U.S.)
  • TNC (U.S.)
  • Hubei Xuefei Chemical (China)
  • Hengshui Orient Chemical (China)
  • Nitrex Chemicals (India)
  • Synthesia (U.K.)
  • Xinxiang T.N.C Chemical (China)
  • Jiangsu Tailida (China)

Market Segmentation

By Application

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

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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