Latest industry survey by Fact MR, predicts Nitrocellulose Lacquer sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The report offers actionable and valuable market insights of Nitrocellulose Lacquer. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Nitrocellulose Lacquer Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Nitrocellulose Lacquer market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Nitrocellulose Lacquer
This newly published and insightful report sheds light on Market Insights of Nitrocellulose Lacquer, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Nitrocellulose Lacquer Market.
As applications in furniture, automotive, and architectural industries create sustained growth opportunities. The shift from solvent-based to water-based Nitrocellulose Lacquers will become more palpable in the next decade, as a combination of environmental compliance and end-user consciousness induces changes in manufacturing and uptake. The long-term outlook on Nitrocellulose Lacquer market remains bullish, with novel applications in cosmetics likely to complement demand, finds a new research study by Fact.MR.
The report finds that nitrocellulose Nitrocellulose Lacquers will continue to be the highest selling products globally. Demand for nitrocellulose will be driven by a range of features, including but not limited to easy blending, competitive pricing, and quick drying. On account of these factors, nitrocellulose will maintain its lead as the preferred product type during the course of the forecast period, with polyurethane Nitrocellulose Lacquers closing in on the second spot.
End-users continue to show a marked preference for solvent-based Nitrocellulose Lacquers, owing to their performance advantages over water-based Nitrocellulose Lacquers, however, concerns over VOC emissions, and stringency in regulations are driving the demand water-based Nitrocellulose Lacquers. Solvent-based Nitrocellulose Lacquers are likely to account for nearly 70% volume share throughout the assessment period, and grow at a higher rate vis-à-vis water-based variants. However, the lower growth doesn’t undermine the fact that interest in water-based solvents is gaining ground, as compliance advising costs and evolving preference fuel demand.
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Key Segments
By Product Type
Nitrocellulose Nitrocellulose Lacquers
Pre-Catalyzed Nitrocellulose Lacquers
Acid Catalyzed Nitrocellulose Lacquer
Polyurethane Nitrocellulose Lacquers
Radiation Curing-Nitrocellulose Lacquers
Unsaturated Polyester Nitrocellulose Lacquers
Other Product Types
By Formulation Type
Solvent Based
Water Based
By Application
Wood
Metal
Plastics
Leather and Textiles
Others (paper, nail polish etc.)
By Distribution Channel
Modern Trade
Departmental Store
Online Retailers
Specialty Stores
Direct Sales
Other Sales Channel
By End Use Industry
Automotive
Architectural
Furniture
Cosmetics
Other End Users
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Competition Landscape
BASF Coatings, Berger Paints India, Carpoly Chemical, Chugoku Marine Paints, Cloverdale Paint are some of the major players in the Nitrocellulose Lacquer market.
In August 2021, Sherwin Williams announced that it would be acquiring Sika’s European industrial coatings business. With manufacturing facility at Vaihingen, Germany company aims at expanding its business capabilities for niche products in European market.
Akzo Nobel in June 2021 announced of acquiring Colombia based paints and coatings company Orbis. With this deal company aims at expanding its position across south and Central America. Company can be seen involved in major acquisitions attributed to it’s grow & deliver strategy.
End-users continue to show a marked preference for solvent-based Nitrocellulose Lacquers, owing to their performance advantages over water-based Nitrocellulose Lacquers, however, concerns over VOC emissions, and stringency in regulations are driving the demand water-based Nitrocellulose Lacquers.
Solvent-based Nitrocellulose Lacquers are likely to account for nearly 70% volume share throughout the assessment period, and grow at a higher rate vis-à-vis water-based variants. However, the lower growth doesn’t undermine the fact that interest in water-based solvents is gaining ground, as compliance advising costs and evolving preference fuel demand.
Specialty stores and modern trade are the prominent distribution channels in Nitrocellulose Lacquer market. These two distribution channels accounting for over half of all Nitrocellulose Lacquer sold in 2017. The report finds that these two distribution channels will continue to remain the preferred distribution channels among end-users during the assessment period. Direct sales have traditionally remained a lucrative sales channel, and the status quo is unlikely to change during the assessment period.
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More Valuable Insights on Nitrocellulose Lacquer Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Nitrocellulose Lacquer, Sales and Demand of Nitrocellulose Lacquer, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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