Affected by the downstream market, the demand for nitrocellulose in my country has gradually declined.

The chemical name of nitrocellulose is cellulose nitrate or nitrocellulose. It is one of the nitrate derivatives of cellulose. It mostly appears in the form of white or slightly yellow fibers under normal temperature and pressure. It is soluble in acetone, ether and ethanol mixed solutions. It is flammable, odorless and tasteless. With the gradual advancement of production technology, the types of nitrocellulose are gradually increasing, which can be roughly divided into energy-containing nitrocellulose and industrial nitrocellulose. Among them, energetic nitrocellulose has a high nitrogen content and is mostly used to prepare explosives; industrial nitrocellulose has a low nitrogen content and is widely used in the civilian market. It is mostly used to produce inks, celluloid, paints, adhesives, leather oils, and nails. Oil and other products.

At present, the industrial chain of nitrocellulose has been basically mature. The upstream of the industrial chain is mainly the raw material industry and the production equipment industry, providing raw materials such as nitric acid, refined cotton, fermented alcohol, and related production equipment such as washing machines, carding machines, cotton pulp machines, and fans; the midstream is mainly the nitrocellulose production industry, responsible for nitrification Cotton production, manufacturing and other links; downstream is the application field, mostly used in ink, coating, military industry and other fields.

According to the “2023-2028 Nitrocellulose Industry Market In-depth Research and Investment Prospect Forecast Analysis Report” released by the Industrial Research Center, coatings As a product that is applied to the surface of objects to prevent moisture, fire, heat preservation, decoration, etc., it is widely used in construction, automobiles, furniture and other fields. However, due to the impact of the epidemic and the decline in residents’ demand for home purchases, my country’s real estate market has been severely impacted, and the market size has gradually shrunk. As one of the ancillary industries of real estate, the market for paint has gradually shrunk. According to data released by the China Coatings Industry Association, in 2022, my country’s main coatings business revenue will be approximately 452.5 billion yuan, a year-on-year decrease of 5.2%. As an important raw material for the production of paint, nitrocellulose’s market demand has gradually declined. In 2022, my country’s demand for nitrocellulose will be 93,000 tons.

Due to the impact of the epidemic, my country’s nitrocellulose export volume has declined. According to data released by the General Administration of Customs, my country’s nitrocellulose export volume will drop to 23,900 tons in 2022. From the perspective of exporting countries, the main exporting countries of nitrocellulose in my country are the United States, Saudi Arabia, Malaysia, Turkey, Vietnam, etc. Among them, Vietnam and the United States account for the largest export volume of nitrocellulose.

Industry analysts said that at this stage, my country’s nitrocellulose market is highly concentrated, and leading companies have emerged. The major nitrocellulose companies in my country include Beihua Chemical Co., Ltd., Jialong Technology, Xuefei Chemical, and Telida Group. Among them, Beihua Group has the largest market share and has become a leading company in the industry. As my country’s large-scale nitrocellulose companies gradually expand, the living space of small and medium-sized enterprises is gradually squeezed. They may be merged or disappear in the future, and market concentration is expected to further increase.