Russia Nitrocellulose Market Size & Outlook, 2023-2030
Russia nitrocellulose market, 2018-2030 (US$M)
Related Markets
Russia nitrocellulose market highlights
- The Russia nitrocellulose market generated a revenue of USD 19.9 million in 2023 and is expected to reach USD 27.9 million by 2030.
- The Russia market is expected to grow at a CAGR of 5% 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 19.9 million |
| Market revenue in 2030 | USD 27.9 million |
| Growth rate | 5% (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, Russia accounted for 2.4% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany nitrocellulose market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 28.9 million by 2030.
Printing inks was the largest segment with a revenue share of 30.15% in 2023. Horizon Databook has segmented the Russia 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.
Russia has high import as well as export numbers of nitrocellulose. In Russia, it is used for manufacturing printing inks and wood coating. As the printing industry is growing, nitrocellulose demand is also increasing. Printing inks are mostly used in packaging industry in Russia.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia nitrocellulose market size, by application, 2018-2030 (US$M)
Russia Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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