Research Nester recently published report titled “Naphthalene Derivatives Market – Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the naphthalene derivatives market in terms of market segmentation by product, by form, by source, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global naphthalene derivatives market is segmented by product, form, end user and source. On the basis of product, the market is segmented into sulphonated naphthalene formaldehyde, phthalic anhydride, naphthalene sulphonic acid, naphthols, alkyl naphthalene sulphonate salts and others. On the basis of form, the market is segmented into liquid and powder. On the basis of source, the market is categorized into coal tar, petroleum and others. On the basis of end user the market is sub-segmented into construction, agro-chemicals, textiles, oil & gas, paints & coatings, pulp & paper, pharmaceuticals and others.
The global naphthalene derivatives market is anticipated to record a CAGR of around 4.6% over the forecast period i.e. 2019-2027 owing to increase in the use of these derivatives in industrial applications. The naphthalene derivatives are used heavily in agro chemicals, textiles and construction industries owing to their odorless nature coupled with low volatility. The rapid industrialization and urbanization are anticipated to increase market growth owing to change in lifestyle of people, with people investing more in construction and textile sectors. The construction segment is anticipated to have significant growth on account of significant expansion of the industry. The sulphonated naphthalene formaldehyde segment is anticipated to grow on the back of its use for the production of concrete cement.
The markets in North America and Europe are estimated to observe a substantially high combined market share owing to prominent presence of medical and agro chemical sector in the regions. The market in Asia-Pacific region is anticipated to witness high growth owing to rise in urbanization and industrialization in the region. The market in Middle East and Africa region is anticipated to witness lesser growth owing to limited number of end user industries.
The expansion in construction industry on account of higher utilization of naphthalene derivatives for cement manufacturing and other materials is anticipated to drive the market growth during the forecast period. Additionally, the use of naphthalene derivatives in dyes and pigment manufacturing coupled with use of naphthalene derivatives in production of agro chemicals is anticipated to increase the market growth. However, toxic nature of naphthalene and fluctuations in crude oil prices are anticipated to act as key restraints for the naphthalene derivatives market.
This report also provides the existing competitive scenario of some of the key players of the naphthalene derivatives market which includes company profiling of Clariant AG, Kopper Inc., BASF SE, Arkema Group, Rutgers NV, Kao Corporation and Evonik Industries AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the naphthalene derivatives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.