Middle East & Africa Nitrocellulose Market Size & Outlook
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MEA nitrocellulose market highlights
- The MEA nitrocellulose market generated a revenue of USD 37.4 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 37.4 million |
| Market revenue in 2030 | USD 48.3 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, MEA region accounted for 4.6% 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 31.55% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Middle Eastern & African market for nitrocellulose is expected to witness a considerable growth in future. Increase in automotive industry and logistic sector is expected to help in the growth of nitrocellulose market.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| IVM Chemicals | View profile | 501-1000 | Parona, Lombardia, Italy, Europe | http://www.ivmchemicals.com/it/ |
| Nitrex | View profile | 51-100 | New Delhi, Delhi, India, Asia | http://www.nitrex.in |
| Sichuan Nitrocell | View profile | 1001-5000 | Chengdu, Sichuan, China, Asia | http://www.sn-nc.com |
| Hubei Aging Chemical Co. | View profile | 51-100 | Wuhan, Hubei, China, Asia | https://www.aging-chem.com |
| Nitro | View profile | 101-250 | San Francisco, California, United States, North America | http://www.gonitro.com |
| Synthesia | View profile | 251-500 | London, England, United Kingdom, Europe | http://www.synthesia.io |
| Tennant Co | View profile | 4457 | 10400 Clean Street, Eden Prairie, MN, United States, 55344 | https://www.tennantco.com |
| Noble Corp PLC Class A | View profile | 3600 | 13135 Dairy Ashford, Suite 800, Sugar Land, TX, United States, 77478 | https://www.noblecorp.com |
MEA nitrocellulose market size, by country, 2018-2030 (US$M)
Middle East & Africa Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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