Middle East & Africa Nitrocellulose Market Size & Outlook
The nitrocellulose market in Middle East & Africa is expected to reach a projected revenue of US$ 48.3 million by 2030. A compound annual growth rate of 3.7% is expected of Middle East & Africa nitrocellulose market from 2024 to 2030.
Revenue, 2023 (US$M)
$37.4
Forecast, 2030 (US$M)
$48.3
CAGR, 2024 - 2030
3.7%
Report Coverage
Middle East & Africa
Middle East & Africa nitrocellulose market, 2018-2030 (US$M)
Related Markets
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 segmentation & scope
Printing Inks
Automotive Paints
Wood Coatings
Leather Finishes
Nail Varnishes
Other Applications
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
MEA nitrocellulose market size, by country, 2018-2030 (US$M)
Middle East & Africa Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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