Dublin, March 07, 2024 (GLOBE NEWSWIRE) -- The "Cellulose Nitrate - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Cellulose Nitrate estimated at US$817.5 Million in the year 2022, is projected to reach a revised size of US$1.6 Billion by 2030, growing at a CAGR of 8.8% over the analysis period 2022-2030. Printing Inks, one of the segments analyzed in the report, is projected to record 9.3% CAGR and reach US$505.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wood Coatings segment is readjusted to a revised 9.2% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $222.7 Million, While China is Forecast to Grow at 12.7% CAGR
The Cellulose Nitrate market in the U.S. is estimated at US$222.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$358.2 Million by the year 2030 trailing a CAGR of 12.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
Select Competitors (Total 43 Featured) -
- 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 S.A.
- Reagents, Inc
- Tembec, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 94 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $817.5 Million |
| Forecasted Market Value (USD) by 2030 | $1600 Million |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/b6ecwd
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