South Africa Nitrocellulose Market Size & Outlook
The nitrocellulose market in South Africa is expected to reach a projected revenue of US$ 10.2 million by 2030. A compound annual growth rate of 4% is expected of South Africa nitrocellulose market from 2024 to 2030.
Revenue, 2023 (US$M)
$7.7
Forecast, 2030 (US$M)
$10.2
CAGR, 2024 - 2030
4.1%
Report Coverage
South Africa
South Africa nitrocellulose market, 2018-2030 (US$M)
Related Markets
South Africa nitrocellulose market highlights
- The South Africa nitrocellulose market generated a revenue of USD 7.7 million in 2023 and is expected to reach USD 10.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 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 7.7 million |
| Market revenue in 2030 | USD 10.2 million |
| Growth rate | 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, South Africa accounted for 0.9% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa nitrocellulose market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10.2 million by 2030.
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Nitrocellulose Market Scope
Nitrocellulose market segmentation & scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa nitrocellulose market size, by application, 2018-2030 (US$M)
South Africa Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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