What Nitrex does

Nitrex Chemicals India Ltd. is an Indian manufacturer of industrial-grade nitrocellulose, producing 18+ grades classified by nitrogen content (10.7%-12.2%) and viscosity (extra-low to medium) from bleached cotton linters via nitric and sulphuric acid nitration, stabilization, and washing. The company's products are differentiated by a tightly controlled nitration process, supply as free-flowing cuboid granules wetted with ethanol, isopropanol, water, or plasticizers, and BS EN 9001 quality compliance. Nitrex serves six primary application verticals: printing inks (flexographic and rotogravure), wood lacquers, auto refinish paints, leather finishing lacquers, nail varnishes, and miscellaneous industrial applications including adhesives, sealants, primers, and specialty coatings.

Nitrex operates from a corporate office in Ahmedabad and a single manufacturing plant in Valsad, Gujarat, with regional sales/marketing offices in New Delhi, Mumbai, and Chennai. Distribution combines direct enterprise field sales with a consignment agent network spanning Delhi, Greater Noida, Mumbai, Chennai, and Kolkata. The company also represents globally renowned chemical suppliers, distributing complementary chemical products into the Indian market.

The revenue model is B2B industrial chemical sales with quote-based pricing on customer specifications. Customer engagement is handled via a formal business inquiry form with a 48-hour response commitment. The company is privately held, employs 51-100 staff, and claims a global leadership position particularly in alcohol-soluble and extra-low-viscosity grades for the printing inks industry.

Name

Nitrex

Legal name

Nitrex Chemicals India Ltd.

Website

https://nitrex.in

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Nitrex Chemicals India Ltd. is an Indian manufacturer of industrial-grade nitrocellulose, producing 18+ grades across nitrogen content and viscosity for use in printing inks, wood lacquers, auto refinish paints, leather finishing, and nail varnishes, distributed via direct sales and a consignment agent network across India.

Ownership category

akta.pro rank

Product category

Specialty Chemicals (Industrial Nitrocellulose)

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Nanocellulose & Cellulose Derivatives (CNC/CNF, MCC, ethers/esters) (IMAMALAD)

akta.pro secondary industry

Textile, Leather & Paper Specialty Chemicals (IMAEABAM)

Keywords

• Industrial nitrocellulose manufacturing
• Specialty chemicals
• Film forming resins
• Printing ink chemicals
• Coatings and lacquers

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Nitrocellulose Sales: Primary revenue from manufacturing and selling industrial nitrocellulose in various grades (high, medium, and low nitrogen content with different viscosities) to ink, coating, lacquer, and finish manufacturers. The company sells directly and through consignment agents across India.
2. Representation of Global Suppliers: The company represents several globally renowned suppliers for promotion and marketing their products in India, serving as a distributor/importer for complementary chemical products.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Nitrex Chemicals India Ltd. manufactures industrial-grade nitrocellulose, a film-forming resin produced from bleached cotton linters via nitric acid and sulphuric acid nitration. The company produces a portfolio of over 18 nitrocellulose grades differentiated by nitrogen content (10.7%-12.2%) and viscosity, supplied as ethanol/isopropanol/water-damped cuboid granules. These grades serve formulators in printing inks, wood lacquers, auto refinish paints, leather finishing, nail varnishes, and miscellaneous industrial coatings and adhesives.

Product overview

Nitrex Chemicals India Ltd. is a manufacturer of industrial nitrocellulose, offering a comprehensive portfolio of 18+ product grades classified by nitrogen content (High 11.7-12.2%, Medium 11.2-11.7%, Low 10.7-11.2%) and viscosity (Extra Low, Low, Medium). The product range includes HX series (High nitrogen), MX series (Medium nitrogen), and LX series (Low nitrogen) grades. Products are supplied as cuboid granules wetted with solvents (ethanol, isopropanol, butanol, water, or plasticizers) and packaged in 20kg cartons to 143kg steel drums. Nitrex serves six main application segments: Printing Inks (gravure and flexographic), Wood Lacquers, Auto Refinish Paints, Leather Finishing Lacquers, Nail Varnishes, and Miscellaneous applications including adhesives and coatings.

Differentiator

Problem solved

Functional benefit

Products and services

• HX 3/5
• HX 5/8
• HX 8/13
• HX 20/30
• HX 30/50
• HL 25/45
• HL 120/170
• HM 10/25
• HM 40/60
• LX 3/5
• LX 5/8
• LX 8/13
• LX 30/50
• MX 3/5
• MX 5/8
• MX 8/13
• MX 30/50
• HH 214
• Global Chemical Supplier Representation

Quantifiable outcome

• 30% increase in solids loading compared with ordinary grades using LX 3/5 grade

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Atul Limited: Indian diversified chemical manufacturer producing intermediates, specialty chemicals, and performance materials. Comparable as an established India-based specialty chemical company serving industrial customers across multiple application segments.
• Hindustan Organic Chemicals Limited: Indian public-sector chemical manufacturer producing organic chemicals, intermediates, and specialty products. Comparable as an India-based specialty chemicals producer serving domestic industrial customers, though with a different product portfolio.

Direct peers

• Hubei Xuefei Chemical Co., Ltd. Chinese nitrocellulose manufacturer producing industrial-grade NC for inks and coatings applications. Direct competitor in the global nitrocellulose supply market serving similar downstream customers (printing inks, wood lacquers).
• Synthomer plc: UK-listed specialty chemicals company with a portfolio that includes specialty resins and binders serving coatings and adhesives end markets. Comparable as a specialty resin manufacturer targeting inks, coatings, and related industrial applications.
• Eurenco: European manufacturer of nitrocellulose and other energetic materials for defense and industrial applications. Direct competitor in industrial nitrocellulose production serving coatings, inks, and lacquer end markets.

Broad incumbents

• Dow Inc. One of the largest global chemical companies with historical presence in industrial nitrocellulose and a broad specialty chemicals portfolio serving coatings, inks, and packaging markets. Comparable as a much larger incumbent operating across the same end markets.
• BASF SE: Global chemical giant producing resins, binders, and additives for the coatings, inks, and printing industries. While not exclusively focused on nitrocellulose, BASF competes broadly across Nitrex's downstream customer base with extensive R&D and global reach.
• Eastman Chemical Company: US-based specialty chemical manufacturer with strong positions in coatings, inks, and specialty plastics including resin systems used in similar applications. Comparable as a larger, established specialty resins/binders supplier with global reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nitrex-chemicals-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nitrex