Turkey Nitrocellulose Market Size & Outlook, 2023-2030
The nitrocellulose market in Turkey is expected to reach a projected revenue of US$ 14.6 million by 2030. A compound annual growth rate of 5.4% is expected of Turkey nitrocellulose market from 2024 to 2030.
Revenue, 2023 (US$M)
$10.1
Forecast, 2030 (US$M)
$14.6
CAGR, 2024 - 2030
5.4%
Report Coverage
Turkey
Related Markets
Turkey nitrocellulose market highlights
- The Turkey nitrocellulose market generated a revenue of USD 10.1 million in 2023 and is expected to reach USD 14.6 million by 2030.
- The Turkey market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, printing inks was the largest revenue generating application in 2023.
- Other Applications is the most lucrative application segment registering the fastest growth during the forecast period.
Nitrocellulose market data book summary
| Market revenue in 2023 | USD 10.1 million |
| Market revenue in 2030 | USD 14.6 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Printing inks |
| Fastest growing segment | Other Applications |
| 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, Turkey accounted for 1.2% 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.
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Nitrocellulose Market Scope
Nitrocellulose market segmentation & 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 |
Turkey nitrocellulose market size, by application, 2018-2030 (US$M)
Turkey Nitrocellulose Market Outlook Share, 2023 & 2030 (US$M)
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