Spain Nitrocellulose Market Size & Outlook, 2023-2030
Spain nitrocellulose market, 2018-2030 (US$M)
Related Markets
Spain nitrocellulose market highlights
- The Spain nitrocellulose market generated a revenue of USD 14.1 million in 2023 and is expected to reach USD 18.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 3.9% 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 14.1 million |
| Market revenue in 2030 | USD 18.5 million |
| Growth rate | 3.9% (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, Spain accounted for 1.7% 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 29.08% in 2023. Horizon Databook has segmented the Spain 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.
As there was a change in government policies and slow economic growth in Spain lately, trade of nitrocellulose is also affected. A decrease in both import and export of nitrocellulose was noticed in 2015. In Spain, it is used as a raw material for printing inks and automotive paints.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain nitrocellulose market size, by application, 2018-2030 (US$M)
Spain Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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