The Asia Pacific Nitrocellulose Market would witness market growth of 6.8% CAGR during the forecast period (2019-2025). The China market dominated the Asia Pacific Nitrocellulose Market by Country in 2018, and would continue to be a dominant market till 2025; thereby growing at a CAGR of 4.6 % during the forecast period. Additionally, the Japan market is expected to witness a CAGR of 7.7% during (2019 - 2025).
Printing ink market segment is majorly influenced by advancements in technology and rising demand of eco-friendly inks owing to the environmental concerns worldwide. The usage of Nitrocellulose in printing inks provides capability to dry fast, gloss and enhanced adhesive properties to a number of substrates. Wide variety of flexographic and gravure inks for the application in packaging industry utilize nitrocellulose.
Nitrocelloluse is also a popular ingredient in the production of Wood Finishes. Nitrocellulose based lacquers experience high demand in wood finish applications, especially for a high quality. The property to rapidly dry, exhibit an outstanding polishing properties and thereby enrich the grain’s appearance in wide varieties of wood. The lacquers are best suited for light duty applications, however, could be adjusted to perform fine in major applications with the addition of other plasticisers or resins.
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The automotive sector worldwide is experiencing considerable growth in recent years. Automotive paint is utilized to safeguard automobile from corrosion, oxidation and UV rays. The demand for automotive paints is growing with the rise in automotive industry. Increasing vehicle demand globally worldwide has fuelled the market growth of automotive paints market. The automotive paints market is evolving with regards to the availability of color varieties, reliability and durability. A number of regulations pertaining to non-VOC paints have fuelled the demand for automotive paints market resulting in the introduction of waterborne coats, anticipated to replace the solvent-borne coats.
The market participants are having their focus on the replacement of outdated coating application procedures such as air dry varnish with more advanced technologies including air guns and HVLP. Such replacement in technology would influence the market growth in coming future.
The report highlights the adoption of Nitrocellulose in Asia Pacific. Based on Application, the market is segmented into Printing Inks, Wood Coatings, Automotive Paints, Leather Finishes, Nail Varnishes and Other Applications. The report also covers geographical segmentation of Nitrocellulose market. The countries included in the report are China, India, Japan, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
The major market players expanding their reach in the Asia Pacific Nitrocellulose market are The Dow Chemical Company, Eastman Chemical Company, Nippon Paints Holdings Co. Ltd., PPG Industries, Inc., Arkema S.A., Akzo Nobel N.V, RPM International, Inc., Sherwin Williams Company, Ashland Global Holdings. Inc, BASF SE.
Scope of the Nitrocellulose Market Analysis
Market Segmentation:
By Application
- Printing Inks
- Wood Coatings
- Automotive Paints
- Leather Finishes
- Nail Varnishes and
- Other Applications
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Companies Profiled
- The Dow Chemical Company
- Eastman Chemical Company
- Nippon Paints Holdings Co. Ltd.
- PPG Industries, Inc.
- Arkema S.A.
- Akzo Nobel N.V
- RPM International, Inc.
- Sherwin Williams Company
- Ashland Global Holdings. Inc
- BASF SE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Nitrocellulose Market, by Application
1.4.2 Asia Pacific Nitrocellulose Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Nitrocellulose Market by Applications
3.1 Asia Pacific Printing Inks Market by Country
3.2 Asia Pacific Wood Coatings Market by Country
3.3 Asia Pacific Automotive Paints Market by Country
3.4 Asia Pacific Leather Finishes Market by Country
3.5 Asia Pacific Nail Varnishes Market by Country
3.6 Asia Pacific Other Applications Market by Country
Chapter 4. Asia Pacific Nitrocellulose Market by Country
4.1 China Nitrocellulose Market
4.1.1 China Nitrocellulose Market by Applications
4.2 India Nitrocellulose Market
4.2.1 India Nitrocellulose Market by Applications
4.3 Japan Nitrocellulose Market
4.3.1 Japan Nitrocellulose Market by Applications
4.4 South Korea Nitrocellulose Market
4.4.1 South Korea Nitrocellulose Market by Applications
4.5 Singapore Nitrocellulose Market
4.5.1 Singapore Nitrocellulose Market by Applications
4.6 Malaysia Nitrocellulose Market
4.6.1 Malaysia Nitrocellulose Market by Applications
4.7 Rest of Asia Pacific Nitrocellulose Market
4.7.1 Rest of Asia Pacific Nitrocellulose Market by Applications
Chapter 5. Company Profiles
5.1 The Dow Chemical Company
5.1.1 Company Overview
5.1.2 Financial Analysis
5.1.3 Regional Analysis
5.1.4 Research & Development Expense
5.2 Eastman Chemical Company
5.2.1 Company Overview
5.2.1 Financial Analysis
5.2.2 Segmental and Regional Analysis
5.2.3 Research & Development Expense
5.3 Nippon Paints Holdings Co. Ltd.
5.3.1 Company Overview
5.3.2 Financial Analysis
5.3.3 Regional Analysis
5.3.4 Research & Development Expense
5.4 PPG Industries, Inc.
5.4.1 Company Overview
5.4.2 Financial Analysis
5.4.3 Segmental and Regional Analysis
5.4.4 Research & Development Expense
5.5 Arkema S.A.
5.5.1 Company Overview
5.5.2 Financial Analysis
5.5.3 Regional & Segmental Analysis
5.5.4 Research & Development Expenses
5.6 Akzo Nobel N.V.
5.6.1 Company Overview
5.6.2 Financial Analysis
5.6.3 Regional & Segmental Analysis
5.6.4 Research & Development Expenses
5.7 RPM International, Inc.
5.7.1 Company Overview
5.7.2 Financial Analysis
5.7.3 Segmental and Regional Analysis
5.7.4 Research & Development Expense
5.8 Sherwin Williams Company
5.8.1 Company overview
5.8.2 Financial Analysis
5.8.3 Segmental Analysis
5.8.4 Research & Development Expense
5.9 Ashland Global Holdings, Inc.
5.9.1 Company Overview
5.9.2 Financial Analysis
5.9.3 Segmental and Regional Analysis
5.9.4 Research & Development Expense
5.1 BASF SE
5.10.1 Company Overview
5.10.2 Financial Analysis
5.10.3 Segmental and Regional Analysis
5.10.4 Research & Development Expense
TABLE 1 Asia Pacific Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 2 Asia Pacific Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 3 Asia Pacific Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 4 Asia Pacific Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 5 Asia Pacific Printing Inks Market by Country, 2015 - 2018, USD Million
TABLE 6 Asia Pacific Printing Inks Market by Country, 2019 - 2025, USD Million
TABLE 7 Asia Pacific Wood Coatings Market by Country, 2015 - 2018, USD Million
TABLE 8 Asia Pacific Wood Coatings Market by Country, 2019 - 2025, USD Million
TABLE 9 Asia Pacific Automotive Paints Market by Country, 2015 - 2018, USD Million
TABLE 10 Asia Pacific Automotive Paints Market by Country, 2019 - 2025, USD Million
TABLE 11 Asia Pacific Leather Finishes Market by Country, 2015 - 2018, USD Million
TABLE 12 Asia Pacific Leather Finishes Market by Country, 2019 - 2025, USD Million
TABLE 13 Asia Pacific Nail Varnishes Market by Country, 2015 - 2018, USD Million
TABLE 14 Asia Pacific Nail Varnishes Market by Country, 2019 - 2025, USD Million
TABLE 15 Asia Pacific Other Applications Market by Country, 2015 - 2018, USD Million
TABLE 16 Asia Pacific Other Applications Market by Country, 2019 - 2025, USD Million
TABLE 17 Asia Pacific Nitrocellulose Market by Country, 2015 - 2018, USD Million
TABLE 18 Asia Pacific Nitrocellulose Market by Country, 2019 - 2025, USD Million
TABLE 19 China Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 20 China Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 21 China Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 22 China Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 23 India Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 24 India Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 25 India Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 26 India Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 27 Japan Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 28 Japan Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 29 Japan Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 30 Japan Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 31 South Korea Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 32 South Korea Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 33 South Korea Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 34 South Korea Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 35 Singapore Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 36 Singapore Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 37 Singapore Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 38 Singapore Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 39 Malaysia Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 40 Malaysia Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 41 Malaysia Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 42 Malaysia Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 43 Rest of Asia Pacific Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 44 Rest of Asia Pacific Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 45 Rest of Asia Pacific Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 46 Rest of Asia Pacific Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 47 key Information - The Dow Chemical Company
TABLE 48 Key Information - Eastman Chemical Company
TABLE 49 Key information - Nippon Paints Holdings Co. Ltd.
TABLE 50 Key Information - PPG Industries, Inc.
TABLE 51 Key information - Arkema S.A.
TABLE 52 Key information - Akzo Nobel N.V.
TABLE 53 Key Information - RPM International, Inc.
TABLE 54 Key Information - Sherwin Williams Company
TABLE 55 Key Information - Ashland Global Holdings, Inc.
TABLE 56 Key information - BASF SE
List of Figures
FIG 1 Methodology for the research