China Nitrocellulose Market Size & Outlook, 2023-2030
China nitrocellulose market, 2018-2030 (US$M)
Related Markets
China nitrocellulose market highlights
- The China nitrocellulose market generated a revenue of USD 243.0 million in 2023 and is expected to reach USD 355.6 million by 2030.
- The China market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, printing inks was the largest revenue generating application in 2023.
- Printing Inks is the most lucrative application segment registering the fastest growth during the forecast period.
Nitrocellulose market data book summary
| Market revenue in 2023 | USD 243.0 million |
| Market revenue in 2030 | USD 355.6 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Printing Inks |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Printing Inks, Automotive Paints, Wood Coatings, Leather Finishes, Nail Varnishes, Other Applications |
| Key market players worldwide | Tennant Co, Noble Corp PLC Class A, Nitro, Hubei Aging Chemical Co., Sichuan Nitrocell, Nitrex, Synthesia, IVM Chemicals |
Other key industry trends
- In terms of revenue, China accounted for 29.6% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nitrocellulose market is projected to lead the regional market in terms of revenue in 2030.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 12.4 million by 2030.
Printing inks was the largest segment with a revenue share of 27.37% in 2023. Horizon Databook has segmented the China 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.
China is the largest user of nitrocellulose as raw material. Its export and import of nitrocellulose in 2015 were comparatively less in compare to 2014, because of its consumption in the domestic market. Use of nitrocellulose as a raw material in China is higher than any other country. Printing inks market of China is growing at a remarkable rate and due to this demand for nitrocellulose in the domestic market is also increasing.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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China nitrocellulose market size, by application, 2018-2030 (US$M)
China Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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