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Nitrocellulose Market from packaging & labelling industry to grow significantly in the coming years

Author : Ravi Chawat | Published Date : 2020-09-14 

The ability of nitrocellulose to accentuate wood grains makes it a formidable base substance in furniture coating as well as a suitable choice for school furniture. Factors such as supportive federal initiatives geared towards promoting education and increasing school facilities are anticipated to play a crucial role in stimulating nitrocellulose market share.

Nitrocellulose finds extensive application in leather furnishing items. It pertains the ability to impart natural texture and pleasant luster to leather products. Rising demand for premium leather goods such as shoes, jackets, wallets, and bags along with escalating trend towards luxury shopping would shape the growth trajectory of nitrocellulose market.

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Proliferating in the automobile, printing, furniture and leather industry is offering a significant push to the nitrocellulose market. With features like high nitrogen content and quick drying time, nitrocellulose has found extensive application in automotive paints, building coatings and printing inks. A sizable demand for the product is witnessed across the commercial and educational sectors that demands for premium furniture that comes with aesthetically appealing coatings.

Meanwhile, in the automotive paint sector, the nitrocellulose market is expected to garner lucrative growth given to the product’s remarkable compatibility with refinish & repair formulations. Rising inclination towards nano paints is anticipated to accelerate product significance. Additionally, the trending demand for custom automotive paints and coating may boost nitrocellulose market expansion in the passenger vehicle segment.

The packaging & labelling industry is expected to register high-rise demand for nitrocellulose compounds Increasing consumption of packaged goods & food items have accelerated the demand for printing inks in the labeling applications. Rapid growth in the e-commerce sector along with increasing urbanization have bolstered the requirement for high-quality inks. Notable features like heat & smudge resistance and quick drying time have encouraged manufacturers to utilize nitrocellulose to develop sustainable printing inks. Moreover, expediating demand for detailed maps and high-quality posters & prints is anticipated to foster nitrocellulose market growth  in the long run.

In an attempt to capitalize on this promising industry, numerous companies have started to adopt strategies like acquisitions, collaborations, mergers, and technological innovations in recent years. A few of the major firms operating in nitrocellulose market include DuPont Specialty Solutions, Nitro Quimica, Nitres Chemicals, Hagedorn GmbH, IVM Chemicals, Hebei Sanmu Cellulose, EURENCO, Nitrochemie AG, Fenchem Biotek and Nobel NC. Moreover, several firms are engaged in research activities to discover unique methods to manufacture new products that lower production cost.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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