Germany Nitrocellulose Market Size & Outlook, 2023-2030
Germany nitrocellulose market, 2018-2030 (US$M)
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Germany nitrocellulose market highlights
- The Germany nitrocellulose market generated a revenue of USD 39.1 million in 2023 and is expected to reach USD 55.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.1% 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 39.1 million |
| Market revenue in 2030 | USD 55.6 million |
| Growth rate | 5.1% (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, Germany accounted for 4.8% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany nitrocellulose market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 28.9 million by 2030.
Printing inks was the largest segment with a revenue share of 26.34% in 2023. Horizon Databook has segmented the Germany 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.
Germany is the market leader in the automotive sector. With this fast development in the industry, the growth of automotive paints is also high. As the automotive sector is growing, demand for nitrocellulose lacquer system demand in the sector is not the same because of use of better and cost effective substitutes in the market. But still, Germany ranks second regarding the export of nitrocellulose in the world.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany nitrocellulose market size, by application, 2018-2030 (US$M)
Germany Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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