Global Nitrocellulose market will reach 795.33 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/12

As early 40 years ago, nitrocellulose markets around the world has entered the mature stage, but, recently, Nitrocellulose global demand is still growing. Although this growth is very weak. Under the background of slower economy growth rate, companies face the higher risks of profit decline. Asia's economies in a state of slow growth, nitrocellulose market has a certain potential in Asia, among them China's demand is relatively stable.
 
The global production of nitrocellulose increased from 252914 tons in 2014 to 283192 tons in 2018, at a CAGR of 2.87%. The global nitrocellulose market is valued at USD 738.07 million in 2018 and is expected to reach USD 795.33 million by the end of 2025, growing at a CAGR of 1.07% between 2018 and 2025. China, Europe, South America and SEA play an important role in global nitrocellulose market. The world nitrocellulose sales market will still have a certain amount of growth owing to the increasing of demand. The market in developed countries will have some growth and the market in developing countries will have a faster growth rate. Sichuan Nitrocell Corporation, Nobel NC, Nitro Química, SNPE, Dow and TNC are the world's leading players.

The market growth rate of global nitrocellulose is disappointing for most manufacturers. In the past five years, the market growth in 2015-2016 alone has been exciting, and the market growth in other years has stagnated or even experienced negative growth. From 2005 to 2010, the global nitrification cotton market is saturated, and only the Asia-Pacific market is growing rapidly.

Most manufacturers want more sales figures and a larger market share showing to the investors. Although these manufacturers are very eager to do so, the profits are really meager. Almost no manufacturer has added new capacity. QYR pointed out that most manufacturers do not have enough confidence on new projects. Manufacturers have not received positive signals from the downstream market.

Today’s industrial marketplace is increasingly competitive and requires the ability to reduce costs, raise production and increase accuracy for any business that is going to survive. For businesses that will truly thrive, the ability to lead development and get products to market faster is also critical.

Vendors should recognize the importance of emerging markets and potential applications, particularly in Asia Pacific, and are working towards penetrating this market by strengthening their sales and distribution networks. In the future, QYR predicts that more and more companies will join the industry due to its potential market size. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.

Click to view the full report:
https://www.qyresearch.com/index/detail/631051/global-nitrocellulose-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.