Nitrocellulose Market Forecast to Reach $685 Million by 2026 Extensive Properties of Nitrocellulose Such as Better Adhesion and Non-Reactivity to Other Paints are the Key Influencing Factors for the Growth of the Nitrocellulose Market
Nitrocellulose Market
BriefingWire.com, 5/07/2021 - Nitrocellulose Market is forecast to reach $685 million by 2026, after growing at a CAGR of 5.84% during 2021-2026. Nitrocellulose, also called cellulose nitrate, a mixture of nitric esters of cellulose, and a highly flammable compound that is the main ingredient of modern gunpowder and is also employed in certain lacquers and paints. Extensive properties of nitrocellulose such as better adhesion and non-reactivity to other paints are the key influencing factors for the growth of the nitrocellulose market. There has been a rise in printing ink applications in the recent past, which is expected to have a positive impact on market growth. Globally increasing demand f