Nitrocellulose Market Overview | Growth and Dynamics | Forecast To 2024
“Global Nitrocellulose Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.”
Global Nitrocellulose Market is likely to reach USD 1.05 billion by 2024 and it is anticipated to witness an exponential growth in the forecast period. Nitrocellulose is also termed as “Cellulose nitrate”, an extremely inflammable compound produced by nitrating cellulose by exposure to nitric acid or the other powerful nitrating agents. Nitrocellulose, when used as a low-order propellant, is termed as “Guncotton”. The factors that propel the growth of the nitrocellulose market include an abundance of cellulose and growth of nitrocellulose, increasing application scope in leather, printing, automotive and furniture businesses, increasing printing usage mainly in e-commerce and packaging industries. On the other hand, there are factors that may hamper the growth of the market including growing digitization causing a reduction in printing ink usage and increasing computer use. Nitrocellulose industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The new trend gaining momentum in the market is the increasing acceptance of natural wood coating technology. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/nitrocellulose-market-size/request-sample