Global nitrocellulose market is expected to reach USD 884.8 million by 2022, according to a new report by Grand View Research, Inc. Growth of paints and coatings industry on account of increasing construction spending, particularly in Asia Pacific, is expected to drive the global market. As nitrocellulose also finds application in leather coatings and furniture, trade development has also contributed towards market development. However, nitrocellulose has been facing a stiff competition in automotive coatings from its substitute products including acrylic enamel, acrylic lacquer and two-pack paint.
http://www.grandviewresearch.com/industry-analysis/nitrocellulose-market
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