Thailand Nitrocellulose Market Size & Outlook, 2026-2033
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Thailand nitrocellulose market highlights
- The Thailand nitrocellulose market generated a revenue of USD 11.7 million in 2025 and is expected to reach USD 17.9 million by 2033.
- The Thailand market is expected to grow at a CAGR of 5.5% from 2026 to 2033.
- In terms of segment, printing inks was the largest revenue generating application in 2025.
- Printing Inks is the most lucrative application segment registering the fastest growth during the forecast period.
Nitrocellulose market data book summary
| Market revenue in 2025 | USD 11.7 million |
| Market revenue in 2033 | USD 17.9 million |
| Growth rate | 5.5% (CAGR from 2026 to 2033) |
| Largest segment | Printing inks |
| Fastest growing segment | Printing Inks |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Printing Inks, Wood Coatings, Automotive Paints, Nail Varnishes, Other Applications, Leather Finishes |
| 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 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China nitrocellulose market is projected to lead the regional market in terms of revenue in 2033.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 15.3 million by 2033.
Printing inks was the largest segment with a revenue share of 29.06% in 2025. Horizon Databook has segmented the Thailand nitrocellulose market based on printing inks, wood coatings, automotive paints, nail varnishes, other applications, leather finishes covering the revenue growth of each sub-segment from 2021 to 2033.
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 |
|---|---|---|---|---|
| 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 |
Thailand nitrocellulose market size, by application, 2021-2033 (US$M)
Thailand Nitrocellulose Market Outlook Share, 2025 & 2033 (US$M)
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