U.S. Nitrocellulose Market Size & Outlook, 2023-2030
U.S. nitrocellulose market, 2018-2030 (US$M)
Related Markets
U.S. nitrocellulose market highlights
- The U.S. nitrocellulose market generated a revenue of USD 117.7 million in 2023 and is expected to reach USD 178.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, printing inks was the largest revenue generating application in 2023.
- Automotive Paints is the most lucrative application segment registering the fastest growth during the forecast period.
Nitrocellulose market data book summary
| Market revenue in 2023 | USD 117.7 million |
| Market revenue in 2030 | USD 178.4 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Automotive Paints |
| 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, U.S. accounted for 14.3% of the global nitrocellulose market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. nitrocellulose market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 178.4 million by 2030.
Printing inks was the largest segment with a revenue share of 27.19% in 2023. Horizon Databook has segmented the U.S. 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.
Through the above figure, it can be understood that over half of the capital costs/investment is accounted for machinery & equipment purchases, while building & land/site cost accounts for nearly 20.40%, and the remaining share is distributed among the labor (working capital), and miscellaneous installation cost.
When entrepreneurs set up a plant, they need laborers to work on their machinery & equipment for manufacturing the final product, hence, the wages paid to the workers are accounted and considered under the initial cost. The working capital accounts for almost 24.20% of the total production cost due to the technical knowledge and education of the workers.
Other costs that come into play, other than the capital/fixed investment, include pre-operational costs and working capital. Pre-operating costs include installation, setup, capitalized interests, project engineering & management, and commissioning costs. The figure given below provides a breakdown of the overall initial investment required for a plant to be operational at full capacity.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Nitrocellulose Market Scope
Nitrocellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. nitrocellulose market size, by application, 2018-2030 (US$M)
U.S. Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
