The North America Nitrocellulose Market would witness market growth of 4.65% CAGR during the forecast period (2019-2025). Nitrocellulose 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.
The demand for luxury furniture in the domestic and commercial segment has been unprecedented. Substantial growth in the per capita income is the prime reason behind the unprecedented growth in the luxury furniture market. The rapidly growing urban population is adding to the demand for luxury furniture thereby fuelling the wooden coating application of Nitrocellulose. Furniture made up of glass material is gaining province over other kinds of materials, due to their elegance and eye catching designs.
Urbanization has been another major trend of the century. Rapidly growing urban regions around the world has had a huge impact on the world market. Increasing number of nuclear families, especially in developing countries paired with increasing urbanization has driven the need for luxury furniture. Rapid urbanization would be another major factor that would drive the market for luxury furniture.
The USA market dominated the North America Nitrocellulose Market by Country in 2018, and would continue to be a dominant market till 2025; thereby, 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).
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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.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Nitrocellulose Market, by Application
1.4.2 North America 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. North America Nitrocellulose Market by Applications
3.1 North America Printing Inks Market by Country
3.2 North America Wood Coatings Market by Country
3.3 North America Automotive Paints Market by Country
3.4 North America Leather Finishes Market by Country
3.5 North America Nail Varnishes Market by Country
3.6 North America Other Applications Market by Country
Chapter 4. North America Nitrocellulose Market by Country
4.1 USA Nitrocellulose Market
4.1.1 USA Nitrocellulose Market by Applications
4.2 Canada Nitrocellulose Market
4.2.1 Canada Nitrocellulose Market by Applications
4.3 Mexico Nitrocellulose Market
4.3.1 Mexico Nitrocellulose Market by Applications
4.4 Rest of North America Nitrocellulose Market
4.4.1 Rest of North America 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 North America Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 2 North America Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 3 North America Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 4 North America Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 5 North America Printing Inks Market by Country, 2015 - 2018, USD Million
TABLE 6 North America Printing Inks Market by Country, 2019 - 2025, USD Million
TABLE 7 North America Wood Coatings Market by Country, 2015 - 2018, USD Million
TABLE 8 North America Wood Coatings Market by Country, 2019 - 2025, USD Million
TABLE 9 North America Automotive Paints Market by Country, 2015 - 2018, USD Million
TABLE 10 North America Automotive Paints Market by Country, 2019 - 2025, USD Million
TABLE 11 North America Leather Finishes Market by Country, 2015 - 2018, USD Million
TABLE 12 North America Leather Finishes Market by Country, 2019 - 2025, USD Million
TABLE 13 North America Nail Varnishes Market by Country, 2015 - 2018, USD Million
TABLE 14 North America Nail Varnishes Market by Country, 2019 - 2025, USD Million
TABLE 15 North America Other Applications Market by Country, 2015 - 2018, USD Million
TABLE 16 North America Other Applications Market by Country, 2019 - 2025, USD Million
TABLE 17 North America Nitrocellulose Market by Country, 2015 - 2018, USD Million
TABLE 18 North America Nitrocellulose Market by Country, 2019 - 2025, USD Million
TABLE 19 USA Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 20 USA Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 21 USA Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 22 USA Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 23 Canada Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 24 Canada Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 25 Canada Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 26 Canada Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 27 Mexico Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 28 Mexico Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 29 Mexico Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 30 Mexico Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 31 Rest of North America Nitrocellulose Market, 2015 - 2018, USD Million
TABLE 32 Rest of North America Nitrocellulose Market, 2019 - 2025, USD Million
TABLE 33 Rest of North America Nitrocellulose Market by Applications, 2015 - 2018, USD Million
TABLE 34 Rest of North America Nitrocellulose Market by Applications, 2019 - 2025, USD Million
TABLE 35 key Information - The Dow Chemical Company
TABLE 36 Key Information - Eastman Chemical Company
TABLE 37 Key information - Nippon Paints Holdings Co. Ltd.
TABLE 38 Key Information - PPG Industries, Inc.
TABLE 39 Key information - Arkema S.A.
TABLE 40 Key information - Akzo Nobel N.V.
TABLE 41 Key Information - RPM International, Inc.
TABLE 42 Key Information - Sherwin Williams Company
TABLE 43 Key Information - Ashland Global Holdings, Inc.
TABLE 44 Key information - BASF SE
List of Figures
FIG 1 Methodology for the research