Global nitrocellulose market growth is expected to witness growth on account of increasing application of nitrating agent in pharmaceuticals, adhesives, sealants, paints and textile production. Nitrocellulose is majorly used in pharmaceuticals industry for immobilizing nucleic acids in northern blots and southern blots to identify various strands of DNA and RNA. Increasing demand for nitrocellulose in manufacturing of wart removing medicine and one time use protein transfer pads is expected to have a positive impact on market in the near future. on account of Rising expenditure on R&D and growing pharmaceuticals industry in emerging economies of India and China is expected to have a positive impact on Nitrocellulose market over the forecast period. Extreme flammability of nitrocellulose and its derivatives are expected to promote their use in manufacturing smokeless gunpowder used as a precursor to fireworks and ammunition. Rising expenditure on defence sector in the U.S., China, India Russia and Israel is expected to fuel nitrocellulose market over the next seven years.
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Nitrocellulose is being widely used in manufacturing paints and coatings on account of its good binding property. Industrial growth of paints and coatings in China and India on account of positive automotive industry output at domestic level is expected to promote nitrocellulose market demand as binding agent over the forecast period. Nitrocellulose is used to manufacture lacquers, which are applied on wooden furniture and other wooden products such as guitars. Rising furniture demand backed by the rising construction industry in China, India and Middle East is anticipated to have a positive impact on the nitrocellulose market over the next seven years. Increasing application of nitrocellulose in personal care products such as in manufacturing nail polish, on account of its film forming property is a favourable factor for market.
Major market players include Dow Chemical Company, Nitrex Chemicals, BASF SE, Bergerac NC, Sichuan Nitrocell Corporation and Nitro Chemical Industry. In October 2011, Grace Bio-Labs launched the SuperNOVA brand of nitrocellulose thin-film slides for detecting fluorescence in protein microarrays. Government of India framed Draft National Policy in May 2012, intended for increasing country’s output in global chemical industry from 3% to 6% by 2020. As a result, regulatory inclination in India towards increasing chemicals production is expected to open new market opportunities for manufacturers in the near future.
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