Italy Nitrocellulose Market Size & Outlook, 2023-2030
Italy nitrocellulose market, 2018-2030 (US$M)
Related Markets
Italy nitrocellulose market highlights
- The Italy nitrocellulose market generated a revenue of USD 15.8 million in 2023 and is expected to reach USD 23.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, printing inks was the largest revenue generating application in 2023.
- Wood Coatings is the most lucrative application segment registering the fastest growth during the forecast period.
Nitrocellulose market data book summary
| Market revenue in 2023 | USD 15.8 million |
| Market revenue in 2030 | USD 23.4 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Wood Coatings |
| 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, Italy accounted for 1.9% 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 28.48% in 2023. Horizon Databook has segmented the Italy 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.
Italy is one of the major producers of printing inks used in packaging industry. Italian technologies in the packaging industry are the market leaders. As the sector is growing the use of printing inks is increasing and with this nitrocellulose demand is also rising. Major importers for printing inks are China and U.S.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy nitrocellulose market size, by application, 2018-2030 (US$M)
Italy Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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