Malaysia Nitrocellulose Market Size & Outlook, 2023-2030

The nitrocellulose market in Malaysia is expected to reach a projected revenue of US$ 14.7 million by 2030. A compound annual growth rate of 2.9% is expected of Malaysia nitrocellulose market from 2024 to 2030.
Revenue, 2023 (US$M)
$12.1
Forecast, 2030 (US$M)
$14.7
CAGR, 2024 - 2030
2.8%
Report Coverage
Malaysia

Malaysia nitrocellulose market highlights

  • The Malaysia nitrocellulose market generated a revenue of USD 12.1 million in 2023 and is expected to reach USD 14.7 million by 2030.
  • The Malaysia market is expected to grow at a CAGR of 2.9% 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 2023USD 12.1 million
Market revenue in 2030USD 14.7 million
Growth rate2.9% (CAGR from 2023 to 2030)
Largest segmentPrinting inks
Fastest growing segmentWood Coatings
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPrinting Inks, Automotive Paints, Wood Coatings, Leather Finishes, Nail Varnishes, Other Applications
Key market players worldwideTennant 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, Malaysia accounted for 1.5% 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 28.1% in 2023. Horizon Databook has segmented the Malaysia 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.


Malaysia import nitrocellulose mainly from China, Brazil and Thailand. As the printing inks, cosmetics and automotive sector are the largest growing sector in Malaysia, demand for nitrocellulose is also believed to rise. Cosmetics industry or personal care sector is considered to raise drastically, so as the demand of nitrocellulose.

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Malaysia nitrocellulose market size, by application, 2018-2030 (US$M)

Malaysia Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)

Malaysia nitrocellulose market size, by application, 2018-2030 (US$M)

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