Dublin, Feb. 13, 2025 (GLOBE NEWSWIRE) — The “Cellulose Nitrate – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Cellulose Nitrate was valued at USD 1.1 Billion in 2024 and is projected to reach USD 1.6 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Abu Zaabal Co. for Specialty Chemicals, Atomax Chemicals Co., Ltd., Bergerac N.C., Dow Wolff Cellulosics GmbH, Gifrer Barbezat and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the cellulose nitrate market is driven by several factors, including increasing demand in the coatings and paints industry, the growing use of cellulose nitrate in the printing and packaging sectors, and the continued need for nitrocellulose in defense and aerospace applications. One of the primary drivers of market growth is the widespread use of cellulose nitrate in industrial coatings, where it remains a key ingredient for producing fast-drying, durable, and aesthetically appealing finishes. The automotive and furniture industries, in particular, rely on cellulose nitrate-based coatings for achieving high-gloss, protective surfaces that enhance product appearance and durability. As these industries continue to expand globally, particularly in emerging markets, the demand for high-quality coatings and paints is fueling the growth of cellulose nitrate.
The rise of the packaging industry, driven by e-commerce, food and beverage, and consumer goods, is also contributing to the growing demand for cellulose nitrate-based printing inks. With more companies seeking to differentiate their products through high-quality packaging and branding, there is a growing need for fast-drying, vibrant inks that can produce detailed graphics and logos on a wide variety of substrates. Cellulose nitrate inks are well-suited to meet these needs, particularly in high-speed production environments where rapid drying and precise image reproduction are essential. As global trade and online shopping continue to grow, the demand for efficient and high-quality packaging solutions is expected to drive further growth in the cellulose nitrate market.
In the defense and aerospace industries, cellulose nitrate continues to play a critical role in the production of explosives and propellants. The growing defense budgets of many nations, along with increasing geopolitical tensions, are driving demand for ammunition, explosives, and rocket propellants, all of which rely on nitrocellulose for their performance. Additionally, as the space industry expands with the rise of commercial space travel and satellite deployment, the need for reliable, high-performance propellants is increasing. Nitrocellulose’s stable yet energetic properties make it indispensable in these applications, ensuring continued demand in these sectors.
Environmental and regulatory factors are also influencing the growth of the cellulose nitrate market, particularly as industries seek to reduce their environmental impact. The push for more sustainable coatings, inks, and adhesives is driving innovation in nitrocellulose-based products that are formulated with lower VOCs and more environmentally friendly solvents. As regulatory bodies around the world impose stricter limits on emissions and hazardous materials, manufacturers are turning to cellulose nitrate formulations that can meet these requirements while still delivering high-performance results. This trend toward sustainability, combined with the growing demand across various industries, positions the cellulose nitrate market for continued expansion.
Report Scope
The report analyzes the Cellulose Nitrate market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
Application (Printing Inks, Wood Coatings, Automotive Paints, Leather Finishes, Other Applications).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Printing Inks Application segment, which is expected to reach $505.7 Million by 2030 with a CAGR of a 6.6%. The Wood Coatings Application segment is also set to grow at 6.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $293.2 Million in 2024, and China, forecasted to grow at an impressive 9% CAGR to reach $358.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Cellulose Nitrate Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 43 major companies featured in this Cellulose Nitrate market report include:
- Abu Zaabal Co. for Specialty Chemicals
- Atomax Chemicals Co. Ltd.
- Bergerac N.C.
- Dow Wolff Cellulosics GmbH
- Gifrer Barbezat
- Hengshui Orient Chemical Co. Ltd.
- Hubei Xuefei Chemical
- Ing. Petr Svec- Penta
- Kngmed Medical
- Nantong Tailida Chemical Co. Ltd.
- Nitro Chemical Industry Co. Ltd.
- Nitro Quimica
- Productos Quimicos Monterrey SA
- Reagents, Inc.
- Tembec, Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 94 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.6 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Cellulose Nitrate – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for Cellulose Nitrate in the Production of Lacquers and Coatings Drives Market Growth
- Increased Adoption of Cellulose Nitrate in Explosives and Pyrotechnics Expands Addressable Market
- Surge in Demand for Cellulose Nitrate in Photography Films and X-Ray Films Fuels Market Growth
- Surge in Use of Cellulose Nitrate in Printing Inks Expands Market Opportunities
- Growing Demand for Cellulose Nitrate in Medical and Pharmaceutical Applications Expands Addressable Market
- Rising Focus on Cellulose Nitrate for Use in Optical Films Fuels Market Demand
- Technological Advancements in Recycling and Disposal of Cellulose Nitrate Propel Market Growth
- Surge in Demand for Cellulose Nitrate in Specialty Plastics and Polymers Expands Market Opportunities
- Rising Use of Cellulose Nitrate in Consumer Electronics and Display Screens Expands Market Opportunities
- Surge in Adoption of Cellulose Nitrate in Automotive and Industrial Applications Expands Market Growth
For more information about this report visit https://www.researchandmarkets.com/r/h1c7l0
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