Global Naphthalene Market - Segmented by Form, End-User Industry, and Geography - Growth, Trends and Forecasts (2022 - 2030)
The global naphthalene market is expected to witness a CAGR of nearly 3% during the forecast period, 2018-2023. Asia Pacific accounts for the largest market share, globally, because of vast demand from China;,followed by Europe and America.
Naphthalene can be sourced from either coal tar or petroleum. More than 90% of the world’s naphthalene is produced using coal tar because of high naphthalene content of 10%, compared to 2% in petroleum. Naphthalene is mostly used to produce other organic compounds, like phthalic anhydride and naphthalene sulfonates.
Naphthalene Sulphonate Formaldehyde (NSF) Demand Driving the Asia-Pacific Region
China, along with Japan and India, accounts for more than 50% of the market because of rising demand for naphthalene sulphonate formaldehyde (NSF). India has a good potential for the naphthalene market because of rising construction activities, foreign investments, and rapid urbanization.
Construction Industry Dominates the End-User Segments
The naphthalene market, by end-user industry, can be segmented into construction, agrochemical, petrochemical, textile, and others. The construction segment is expected to increase because of growing demand for naphthalene sulfonate-formaldehyde in concrete admixtures. Also, the textile segment is showing potential for growth in the future because of increasing usage as a wetting agent.
Substitutes Hampering the Market Growth
Naphthalene market is facing some challenges. The environmental concerns regarding its usage in pesticides and the growing use of o-xylene, instead of naphthalene, in phthalic anhydride production are factors impeding the growth of the studied market.
Major Players: CARBONTECH GROUP, RÜTGERS GROUP, JFE CHEMICAL CORPORATION, EPSILON CARBON, DEZA, A.S, KOPPERS, INC. amongst others.
Reasons to Purchase this Report
• Market analysis for the global naphthalene market, with region-specific assessments and competition analysis on a global and regional scale.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Which product type and end-user industry is expected to dominate the market
• Which country is expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Naphthalene can be sourced from either coal tar or petroleum. More than 90% of the world’s naphthalene is produced using coal tar because of high naphthalene content of 10%, compared to 2% in petroleum. Naphthalene is mostly used to produce other organic compounds, like phthalic anhydride and naphthalene sulfonates.
Naphthalene Sulphonate Formaldehyde (NSF) Demand Driving the Asia-Pacific Region
China, along with Japan and India, accounts for more than 50% of the market because of rising demand for naphthalene sulphonate formaldehyde (NSF). India has a good potential for the naphthalene market because of rising construction activities, foreign investments, and rapid urbanization.
Construction Industry Dominates the End-User Segments
The naphthalene market, by end-user industry, can be segmented into construction, agrochemical, petrochemical, textile, and others. The construction segment is expected to increase because of growing demand for naphthalene sulfonate-formaldehyde in concrete admixtures. Also, the textile segment is showing potential for growth in the future because of increasing usage as a wetting agent.
Substitutes Hampering the Market Growth
Naphthalene market is facing some challenges. The environmental concerns regarding its usage in pesticides and the growing use of o-xylene, instead of naphthalene, in phthalic anhydride production are factors impeding the growth of the studied market.
Major Players: CARBONTECH GROUP, RÜTGERS GROUP, JFE CHEMICAL CORPORATION, EPSILON CARBON, DEZA, A.S, KOPPERS, INC. amongst others.
Reasons to Purchase this Report
• Market analysis for the global naphthalene market, with region-specific assessments and competition analysis on a global and regional scale.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Which product type and end-user industry is expected to dominate the market
• Which country is expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Frequently Asked Questions
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