Latin America Nitrocellulose Market Size & Outlook
Latin America nitrocellulose market, 2018-2030 (US$M)
Related Markets
Latin America nitrocellulose market highlights
- The Latin America nitrocellulose market generated a revenue of USD 88.7 million in 2023.
- The market is expected to grow at a CAGR of 3.7% 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, Peru is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 88.7 million |
| Market revenue in 2030 | USD 114.5 million |
| Growth rate | 3.7% (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, Latin America region accounted for 10.8% 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 28.86% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America nitrocellulose market demand was 17.07 kilo tons in 2015 and is expected to reach 28.75 kilo tons by 2024, growing at an estimated CAGR of 6.0% over the forecast period. Latin America leather finishes market demand was 2.00 kilo tons in 2015 and is expected to reach 3.34 kilo tons by 2024, growing at an estimated CAGR of 5.9% over the next eight years.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America nitrocellulose market size, by country, 2018-2030 (US$M)
Latin America Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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