Peru Nitrocellulose Market Size & Outlook, 2023-2030
Peru nitrocellulose market, 2018-2030 (US$M)
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Peru nitrocellulose market highlights
- The Peru nitrocellulose market generated a revenue of USD 8.8 million in 2023 and is expected to reach USD 12.1 million by 2030.
- The Peru market is expected to grow at a CAGR of 4.6% 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 8.8 million |
| Market revenue in 2030 | USD 12.1 million |
| Growth rate | 4.6% (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, Peru accounted for 1.1% 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 30.68% in 2023. Horizon Databook has segmented the Peru 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.
Peru is importing nitrocellulose for Brazil, China, Sweden and other parts of the world. Import number deceased in 2015 as compared to 2014. Nitrocellulose primary used in Peru is as a raw material for manufacturing printing inks and wood coating.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Peru nitrocellulose market size, by application, 2018-2030 (US$M)
Peru Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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