Europe Nitrocellulose Market Size & Outlook, 2023-2030
Europe nitrocellulose market, 2018-2030 (US$M)
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Europe nitrocellulose market highlights
- The Europe nitrocellulose market generated a revenue of USD 190.8 million in 2023.
- The market is expected to grow at a CAGR of 4.5% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 190.8 million |
| Market revenue in 2030 | USD 260.4 million |
| Growth rate | 4.5% (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 |
| 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, Europe region accounted for 23.2% of the global nitrocellulose market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 189.4 million by 2030.
Printing inks was the largest segment with a revenue share of 28.46% in 2023. Horizon Databook has segmented the Europe 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.
Europe is the major producer and exporter of nitrocellulose in the world. Countries like Germany, Russia and France are the major exporters. Spain, Italy, Austria have both side of dominant trade import as well as export.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe nitrocellulose market size, by country, 2018-2030 (US$M)
Europe Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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