Executive Summary Nitro Cellulose prices exhibited mixed regional movements during Q3 2025 , shaped by feedstock cost fluctuations, uneven downstream demand, and cautious procurement strategies. While North America and Europe recorded marginal price increases driven by rising nitric acid feedstock costs , APAC , particularly India , experienced price softening amid subdued consumption from coatings, inks, and industrial applications. In the Middle East & Africa (MEA)
