Global Nitrocellulose Market Size & Outlook, 2023-2030
Global nitrocellulose market, 2018-2030 (US$M)
Related Markets
Global nitrocellulose market highlights
- The global nitrocellulose market generated a revenue of USD 822.0 million in 2023 and is expected to reach USD 1,154.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5% by 2030.
- In terms of segment, printing inks accounted for a revenue of USD 230.4 million in 2023.
- Printing Inks is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 822.0 million |
| Market revenue in 2030 | USD 1,154.6 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Printing Inks |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Printing Inks, Automotive Paints, Wood Coatings, Leather Finishes, Nail Varnishes, Other Applications |
Other key industry trends
- In terms of revenue, the North America accounted for 15.4% of the global nitrocellulose market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 33.9 million by 2030.
Printing inks was the largest segment with a revenue share of 28.03% in 2023. Horizon Databook has segmented the Global nitrocellulose market based on printing inks, automotive paints, wood coatings, leather finishes, nail varnishes, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Printing ink is a major application for nitrocellulose industry. This application dominated the global market ahead of other applications such as automotive coatings, wood coatings, and other applications. Printing ink demand is expected to witness a brisk growth over the forecast period.
This growth is presumed to be led by developing markets such as Asia Pacific and Latin America. Increasing industrialization, urbanization, and rising population are a few factors that have led to such a brisk growth in demand for printing ink.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| IVM Chemicals | View profile | 501-1000 | Parona, Lombardia, Italy, Europe | http://www.ivmchemicals.com/it/ |
| Nitrex | View profile | 51-100 | New Delhi, Delhi, India, Asia | http://www.nitrex.in |
| Sichuan Nitrocell | View profile | 1001-5000 | Chengdu, Sichuan, China, Asia | http://www.sn-nc.com |
| Hubei Aging Chemical Co. | View profile | 51-100 | Wuhan, Hubei, China, Asia | https://www.aging-chem.com |
| Nitro | View profile | 101-250 | San Francisco, California, United States, North America | http://www.gonitro.com |
| Synthesia | View profile | 251-500 | London, England, United Kingdom, Europe | http://www.synthesia.io |
| Tennant Co | View profile | 4457 | 10400 Clean Street, Eden Prairie, MN, United States, 55344 | https://www.tennantco.com |
| Noble Corp PLC Class A | View profile | 3600 | 13135 Dairy Ashford, Suite 800, Sugar Land, TX, United States, 77478 | https://www.noblecorp.com |
Global nitrocellulose market size, by regions, 2018-2030 (US$M)
Top 10 countries: Nitrocellulose market size, 2023 (US$M)
Global nitrocellulose market share, by application, 2023 & 2030 (%, US$M)
Nitrocellulose market: Opportunity assessment by country
Global nitrocellulose market, by region, 2023 (US$M)
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