United States Nitrocellulose Market Report 2024-2031: Size, Share, Growth, Drivers, Opportunities, Industry Analysis, and Future Outlook

Market Size and Growth

The global Nitrocellulose Market is projected to grow at a CAGR of 6.02% during the forecast period (2023-2030). Growth is primarily driven by the rising demand from the construction industry in the Asia-Pacific region, where nitrocellulose is widely used in coatings, paints, adhesives, and surface finishes.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/nitrocellulose-market?Juli

Recent Industry Developments

United States:
✅The U.S. nitrocellulose market was valued at approximately USD 320 million in 2023 and is projected to grow steadily due to increasing demand in automotive refinishing and wood coatings.

✅Expansion of nitrocellulose-based powder coatings is ongoing, driven by low VOC emissions and sustainability initiatives, contributing to an estimated market contribution of USD 45 million in specialty applications.

✅Supply chain pressures remain, as nitrocellulose relies on raw materials like cotton linters, with strategic sourcing becoming essential amid growing demand for propellant-grade nitrocellulose.

Japan:
✅The Japanese nitrocellulose market is projected to grow from USD 26.6 million in 2023 to approximately USD 31.7 million by 2030, reflecting a CAGR of 2.5%.

✅Printing inks remain the largest application, while leather finishes are among the fastest-growing uses, contributing around USD 8-9 million in 2023.

✅Manufacturers are increasingly focused on low-VOC nitrocellulose formulations, enhancing compliance with environmental regulations and sustainability standards.

✅R&D efforts continue to improve solubility, viscosity, and compatibility with modern resins, driving incremental market growth in specialized applications.

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/customize/nitrocellulose-market?juli

Market Segmentation:

➥By Application
Printing Inks:
Printing inks represent the largest application segment, accounting for approximately 35% of the global market in 2023, valued at around USD 112 million. Nitrocellulose is preferred for its fast-drying properties, high gloss, and durability, making it ideal for commercial and industrial printing.

Automotive Paints:
Nitrocellulose-based automotive paints contribute roughly USD 85 million in 2023, with strong growth driven by lightweight coatings, high-performance finishes, and EV adoption. The segment is expected to grow steadily as vehicle production increases globally.

Wood Coatings:
The wood coatings segment is valued at approximately USD 60 million in 2023, used in furniture, flooring, and cabinetry. Nitrocellulose's quick-drying and smooth finishing properties make it highly suitable for the wood industry.

Leather Finishes:
Leather finishes accounted for USD 25 million in 2023, growing due to demand in footwear, accessories, and automotive interiors. Nitrocellulose provides flexibility, gloss, and durability, enhancing leather product quality.

Nail Varnishes:
Nitrocellulose is widely used in cosmetics, particularly nail varnishes, contributing approximately USD 18 million in 2023. Its film-forming, fast-drying, and high-gloss properties are critical for consumer appeal.

Others:
Other applications, including adhesives, specialty coatings, and lacquers, contribute around USD 20 million in 2023, supported by niche industrial uses and R&D-driven innovations.

Key Players :

✅Atomax Chemicals Co., Ltd. (Japan) specializes in high-performance nitrocellulose for industrial coatings and printing inks, contributing an estimated USD 55 million in 2023. The company emphasizes R&D for fast-drying, low-VOC products.

✅Bergerac N.C. (France) is a major producer of cellulose derivatives and nitrocellulose, with a 2023 market value of approximately USD 50 million. Bergerac focuses on specialty inks, coatings, and sustainable production processes.

✅Nitro Quimica (Brazil) serves Latin American markets, particularly in automotive paints and wood coatings, contributing around USD 40 million in 2023. Expansion into industrial coatings supports steady growth.

✅Nitro Chemical Industry Co., Ltd. (China) produces industrial-grade nitrocellulose for printing inks, coatings, and adhesives, valued at approximately USD 38 million in 2023, with strong growth in Asia-Pacific.

✅Reagents, Inc. (U.S.) focuses on precision nitrocellulose for automotive and industrial applications, contributing USD 35 million in 2023, supported by investments in low-VOC formulations and quality certifications.

✅Tembec Inc. (Canada) provides specialty nitrocellulose for coatings and printing inks, valued at around USD 30 million in 2023, emphasizing sustainable and high-performance products.

✅TNC Industrial Co., Ltd. (Taiwan) serves industrial coatings and specialty applications, contributing approximately USD 28 million in 2023, with R&D in high-gloss and fast-drying grades.

✅Wonda Science Inc. (South Korea) focuses on high-quality nitrocellulose for cosmetics, inks, and coatings, with a 2023 estimated value of USD 25 million, leveraging advanced production technologies.

✅Nitrochemie AG (Switzerland) specializes in premium nitrocellulose for coatings and industrial applications, contributing around USD 22 million in 2023, with strong emphasis on precision and low-VOC products.

✅Nitrex Chemicals India Pvt. Ltd. (India) serves domestic and export markets, valued at approximately USD 20 million in 2023, with applications across printing inks, automotive paints, and specialty coatings.

Get Customized Report as per your Business Requirements: https://www.datamintelligence.com/customize/nitrocellulose-market?Juli

Regional Insights:

1. Asia-Pacific 42%
Estimated Market Value (2023): USD 135 million
Asia-Pacific dominates due to rising construction, automotive, and industrial coatings demand, particularly in China, India, South Korea, and Japan. Nitrocellulose is widely used in printing inks, automotive paints, and wood coatings, with regional manufacturers investing in low-VOC and high-performance grades.

2. North America 28%
Estimated Market Value (2023): USD 90 million
North America, led by the U.S. and Canada, focuses on automotive refinishing, printing inks, and specialty coatings. Demand growth is supported by EV production, industrial automation, and environmental regulations, with companies investing in sustainable nitrocellulose formulations.

3. Europe 20%
Estimated Market Value (2023): USD 65 million
Europe's market is primarily driven by automotive coatings, furniture finishes, and industrial applications, with Germany, France, and Italy leading adoption. Regulatory pressure on VOC emissions is encouraging manufacturers to develop eco-friendly nitrocellulose grades.

4. Latin America 6%
Estimated Market Value (2023): USD 20 million
Latin America shows moderate growth, driven by printing ink, wood coating, and automotive applications in countries like Brazil and Mexico. Growth is supported by infrastructure expansion and industrial modernization.

5. Middle East & Africa 4%
Estimated Market Value (2023): USD 13 million
The region is emerging, with applications in industrial coatings, automotive refinishing, and construction. Adoption is increasing through imports of high-quality nitrocellulose and gradual industrial growth.

📌 Request for 2 Days FREE Trial Access: https://www.datamintelligence.com/reports-subscription

☛ Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

☛ Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg?Juli

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.