Re-mark
Global Nitrocellulose Market: Industry Analysis and Forecast (2021-2027) The global nitrocellulose market was valued at US $474.75 Mn. in 2020, and it is expected to reach US $734.37 Mn. by 2027 with a CAGR of 6.43% during the forecast period. Nitrocellulose is also known as cellulose nitrate, flash paper, flash cotton, guncotton, pyroxylin, and flash string, depending on the form. It is a highly flammable chemical that is synthesized by nitrating cellulose using a mixture of nitric and sulfuric acids. One of its earliest major uses was as a substitute for gunpowder, and as a propellant in weapons. In mining and other uses, it was also used to replace gunpowder as a low-order explosive. It is primarily used in the manufacture of explosives, lacquers, and celluloid.
