Published Date: 31-Oct-2019
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According to a new report North America Nitrocellulose Market, published by KBV Research, the North America Nitrocellulose Market would witness market growth of 4.65% CAGR during the forecast period (2019-2025).
The USA market dominated the North America Nitrocellulose Market by Country in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $135.5 Million by 2025, growing at a CAGR of 4.2 % during the forecast period. The Canada market is expected to witness a CAGR of 5% during (2019 - 2025). Additionally, The Mexico market is expected to witness a CAGR of 7% during (2019 - 2025).
The Printing Inks market garnered the largest market share in USA Nitrocellulose Market by Applications in 2018, and would grow at a growth rate of 3.4% CAGR during the forecast period. The Wood Coatings market is anticipated to experience a growth of 3.8% CAGR during (2019 - 2025). The Leather Finishes market is poised to reach a market value of $17 Million by 2025.
The USA market captured the largest share of revenue to North America Automotive Paints Market by Country in 2018, and is predicted to retain its dominance in market till 2025. The Canada market is forecasted to experience a CAGR of 5.5% during (2019 - 2025).
The report highlights the adoption of Nitrocellulose in North America. 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 USA, Canada, Mexico and Rest of North America.
The major market players expanding their reach in the North America 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.
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