Thailand Nitrocellulose Market Size & Outlook, 2023-2030
Thailand nitrocellulose market, 2018-2030 (US$M)
Related Markets
Thailand nitrocellulose market highlights
- The Thailand nitrocellulose market generated a revenue of USD 10.7 million in 2023 and is expected to reach USD 15.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 5.1% 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 10.7 million |
| Market revenue in 2030 | USD 15.1 million |
| Growth rate | 5.1% (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, Thailand accounted for 1.3% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nitrocellulose market is projected to lead the regional market in terms of revenue in 2030.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 12.4 million by 2030.
Printing inks was the largest segment with a revenue share of 27.1% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand is the largest exporter of the nitrocellulose in its primary form in the world regarding trade value. Countries importing from Thailand are U.S, UK, China. In Thailand, it is mainly used in printing inks. As Thailand has a massive potential market for printing inks, cosmetics, coating and paints demand of nitrocellulose is also growing.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand nitrocellulose market size, by application, 2018-2030 (US$M)
Thailand Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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