Mexico Nitrocellulose Market Size & Outlook, 2023-2030
The nitrocellulose market in Mexico is expected to reach a projected revenue of US$ 45.1 million by 2030. A compound annual growth rate of 4.4% is expected of Mexico nitrocellulose market from 2024 to 2030.
Revenue, 2023 (US$M)
$33.3
Forecast, 2030 (US$M)
$45.1
CAGR, 2024 - 2030
4.4%
Report Coverage
Mexico
Mexico nitrocellulose market, 2018-2030 (US$M)
Related Markets
Mexico nitrocellulose market highlights
- The Mexico nitrocellulose market generated a revenue of USD 33.3 million in 2023 and is expected to reach USD 45.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% 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.
Nitrocellulose market data book summary
| Market revenue in 2023 | USD 33.3 million |
| Market revenue in 2030 | USD 45.1 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Printing Inks |
| 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, Mexico accounted for 4.0% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico nitrocellulose market is projected to lead the regional market in terms of revenue in 2030.
- Peru is the fastest growing regional market in Latin America and is projected to reach USD 12.1 million by 2030.
Printing inks was the largest segment with a revenue share of 28.83% in 2023. Horizon Databook has segmented the Mexico 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.
Demand for printing inks in growing because of its use in packaging & logistic industry, outdoor signage, and ink jet printing. As demand for printing inks is growing in Mexico, nitrocellulose market and import is also increasing.
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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 |
|---|
Mexico nitrocellulose market size, by application, 2018-2030 (US$M)
Mexico Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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