Nitrocellulose Market Set to Focus on R & D of Nitrocellulose to Improve its Efficiency & Features
In case, if cellulose is not fully nitrated, then it can be used as a plastic film and also in wood coatings and printing inks. It is a chief component of smokeless gunpowder. Nitrocellulose uses for immobilizing nucleic acids in Northern blots and Southern blots in nuclear biology. Also, it is utilized for immobilization of proteins in Western blots, owing to its non-specific affinity for amino acids. Furthermore, nitrocellulose is broadly used as support in diagnostic tests such as U-Albumin tests, pregnancy tests and CRP. Nitrocellulose lacquer and paint are also used in the manufacture of guitars.
The growing demand for nitrocellulose applications such as printing inks, automotive paints, wood coatings, leather finishes, nail varnishes including aircrafts application is considered as the major growth driver for the Nitrocellulose Market. Technological advancements along with the improving manufacturing process cleaner are also the prime growth drivers for this market.
However, higher cost of the research and development, and changing consumer preference for cheaper leather alternatives are the key factors that hinder the market growth. The demand is rising for nitrocellulose coating from emerging nations such as India and China, hence they are creating new growth opportunities for this market.
Asia-Pacific is dominating the Nitrocellulose Market since the demand is high from emerging economies such as India and China. Also, Asia-Pacific is expected to witness maximum growth during the forecast period. Europe is expected to register significant growth during the forecast period. Anyhow, the growth rate is less as the demand is increasing in Latin America and Asia-Pacific. Rest of the World is expected to register moderate growth.
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