Japan Nitrocellulose Market Size & Outlook, 2023-2030
Japan nitrocellulose market, 2018-2030 (US$M)
Related Markets
Japan nitrocellulose market highlights
- The Japan nitrocellulose market generated a revenue of USD 26.6 million in 2023 and is expected to reach USD 31.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 2.5% from 2024 to 2030.
- In terms of segment, printing inks was the largest revenue generating application in 2023.
- Leather Finishes is the most lucrative application segment registering the fastest growth during the forecast period.
Nitrocellulose market data book summary
| Market revenue in 2023 | USD 26.6 million |
| Market revenue in 2030 | USD 31.7 million |
| Growth rate | 2.5% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Leather Finishes |
| 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, Japan accounted for 3.2% 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 27.44% in 2023. Horizon Databook has segmented the Japan 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.
Japan is a growing industry for nitrocellulose market. Its majority quantity is imported from Thailand, Korea and France. As printing inks industry is a growing sector, a significant amount of nitrocellulose is needed and imported from other countries. Nitrocellulose is also used in automotive paints, wood coating and sealants.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan nitrocellulose market size, by application, 2018-2030 (US$M)
Japan Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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