UK Nitrocellulose Market Size & Outlook, 2023-2030
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UK nitrocellulose market highlights
- The UK nitrocellulose market generated a revenue of USD 18.7 million in 2023 and is expected to reach USD 28.9 million by 2030.
- The UK market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, printing inks was the largest revenue generating application in 2023.
- Wood Coatings is the most lucrative application segment registering the fastest growth during the forecast period.
Nitrocellulose market data book summary
| Market revenue in 2023 | USD 18.7 million |
| Market revenue in 2030 | USD 28.9 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Wood Coatings |
| 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, UK accounted for 2.3% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In 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 28.34% in 2023. Horizon Databook has segmented the UK 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.
Nitrocellulose based printing inks are very popular in the UK. It is also commonly used for leather furnishing and wood coating in the UK. As these industries are growing in UK demand for nitrocellulose for manufacturing, these products are also rising.
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Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| IVM Chemicals | View profile | 501-1000 | Parona, Lombardia, Italy, Europe | http://www.ivmchemicals.com/it/ |
| Nitrex | View profile | 51-100 | New Delhi, Delhi, India, Asia | http://www.nitrex.in |
| Sichuan Nitrocell | View profile | 1001-5000 | Chengdu, Sichuan, China, Asia | http://www.sn-nc.com |
| Hubei Aging Chemical Co. | View profile | 51-100 | Wuhan, Hubei, China, Asia | https://www.aging-chem.com |
| Nitro | View profile | 101-250 | San Francisco, California, United States, North America | http://www.gonitro.com |
| Synthesia | View profile | 251-500 | London, England, United Kingdom, Europe | http://www.synthesia.io |
| Tennant Co | View profile | 4457 | 10400 Clean Street, Eden Prairie, MN, United States, 55344 | https://www.tennantco.com |
| Noble Corp PLC Class A | View profile | 3600 | 13135 Dairy Ashford, Suite 800, Sugar Land, TX, United States, 77478 | https://www.noblecorp.com |
UK nitrocellulose market size, by application, 2018-2030 (US$M)
UK Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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