Nitrocellulose Market in Asia Pacific is expected to register a CAGR of 6.8% during the forecast period (2019-2025) - KBV Research

31-Oct-2019 | Report Format: Electronic (PDF)

Growth, Trends and Report Highlights

According to a new report Asia Pacific Nitrocellulose Market, published by KBV Research, the Asia Pacific Nitrocellulose Market would witness market growth of 6.8% growth rate 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, achieving a market value of $143 Million by 2025, growing at a CAGR of 4.6 % during the forecast period. The India market is expected to witness a CAGR of 7.8% during (2019 - 2025). Additionally, The Japan market is expected to witness a CAGR of 7.7% during (2019 - 2025).

The India Nitrocellulose Market attained a market size of $53.9 Million 2018 and it is expected to reach $90.7 Million by 2025, growing at a CAGR of 7.8% during 2019 -2025.

The Printing Inks market gained the maximum market share in Asia Pacific Nitrocellulose Market by Applications in 2018, and is predicted to reach a market size of $127.7 Million by 2025, rising at a CAGR of 6% during the forecast period. The Wood Coatings market is anticipated to experience a CAGR of 6.4% during (2019 - 2025). The Leather Finishes market is poised to attain a market value of $64.1 Million by 2025.

Full Report:https://www.kbvresearch.com/asia-pacific-nitrocellulose-market/

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 LAMEA.

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.