Published Date: 31-Oct-2019
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report LAMEA Nitrocellulose Market, published by KBV Research, the LAMEA Nitrocellulose Market would witness market growth of 6.83% growth rate during the forecast period (2019-2025).
The Brazil market dominated the LAMEA Nitrocellulose Market by Country in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $26.6 Million by 2025, growing at a CAGR of 6 % during the forecast period.The Argentina market is expected to witness a CAGR of 7.7% during (2019 - 2025). Additionally, The UAE market is expected to witness a CAGR of 6.3% during (2019 - 2025).
The UAE Nitrocellulose Market attained a market size of $13 Million 2018 and it is expected to reach $19.7 Million by 2025, growing at a CAGR of 6.3% during 2019 -2025.
The Printing Inks market garnered the highest market share in the Saudi Arabia Nitrocellulose Market by Applications in 2018, and is predicted to achieve a market value of $4.6 Million by 2025, growing at a CAGR of 6.3% during the forecast period. The Wood Coatings market is expected to witness a CAGR of 6.7% during (2019 - 2025). The Leather Finishes market is poised to attain a market value of $2.3 Million by 2025.
The report highlights the adoption of Nitrocellulose in LAMEA. 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA.
The major market players expanding their reach in the LAMEA 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.
Unique Offerings from KBV Research