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Written by elijah001 » Updated on: May 10th, 2024
The latest report by IMARC, titled " Nitro Cellulose Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of nitro cellulose prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Nitro Cellulose Prices December 2023:
Report Offering:
The study delves into the factors affecting nitro cellulose price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Nitro Cellulose Price Trend- Q4 2023
The nitro cellulose market is witnessing robust growth driven by several key factors. Firstly, the increasing demand for nitro cellulose in various end-use industries such as automotive, printing inks, and wood coatings is propelling market expansion. Nitro cellulose's properties, including quick drying, high film-forming capabilities, and excellent adhesion, make it a preferred choice in these applications. Secondly, the burgeoning automotive sector, particularly in emerging economies, is fueling demand for nitro cellulose-based paints and coatings for vehicle refinishing and manufacturing purposes. Additionally, the growing emphasis on eco-friendly and sustainable products is driving the adoption of nitro cellulose, as it is derived from renewable sources such as cotton and wood pulp. Moreover, technological advancements in production processes and increasing investments in research and development are further boosting market growth by enhancing product quality and expanding application possibilities.
The global nitro cellulose market size reached US$ 863.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1,322.1 Million, at a projected CAGR of 4.70% during 2023-2032. During the final quarter of 2023, the nitrocellulose market in the United States experienced a notable uptrend in prices, primarily influenced by elevated production costs triggered by fluctuations in the price of the essential feedstock, nitric acid. This rise in nitric acid prices led to an overall escalation in production expenses, while sustained and robust demand from sectors such as automotive, paints, and construction further bolstered the upward trajectory of prices. Reduced regional inventories in December, owing to heightened inquiries, prompted sellers to adjust prices accordingly. In the APAC region, the market encountered fluctuations during the fourth quarter of 2023, driven by various factors. Heightened demand during the festive season, particularly in countries like India across industries such as automotive, construction, and textiles, exerted upward pressure on prices. Despite global declines in crude oil prices, the robust festive demand in India outweighed this trend, contributing to an upward price trend. Supply disruptions in the Red Sea impacted shipping routes, leading to increased freight rates and contributing to overall market dynamics.
Throughout the last quarter of 2023, the market in Europe displayed a positive trend, steadily increasing on a monthly basis. The rise in product prices during this period was primarily linked to heightened production costs, directly influenced by the fluctuating price of the essential feedstock, nitric acid. This increase in nitric acid prices resulted in an overall rise in production expenses. The enduring and robust demand, particularly from sectors like automotive, paints, and construction, played a crucial role in bolstering the upward trajectory of prices. The fourth quarter of 2023 has followed a bullish trend for the market in the Middle Eastern region. The demand for nitrocellulose remained high, particularly from the automotive and construction industries. This strong demand can be attributed to healthy inquiries and an increase in sales volume. Further, the market experienced a moderate supply of nitrocellulose, which contributed to the higher prices. The country experienced a consecutive rise in prices during October, driven by an unexpected rise in demand from the automotive industry.
Key Points Covered in the Nitro Cellulose Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
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