Naphthalene Derivatives Market Size & Share, by Form (Liquid, Powder); Product (Sulphonated Naphthalene Formaldehyde, Phthalic Anhydride, Naphthalene Sulphonic Acid, Naphthols, Alkyl Naphthalene Sulphonate); Source (Coal Tar, Petroleum); End-user (Construction, Agro-Chemicals, Textiles, Oil & Gas, Paints & Coatings, Pulp & Paper, Pharmaceuticals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 1128
  • Published Date: Aug 08, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Naphthalene Derivatives Market size is estimated to surpass USD 35.81 Billion by the end of 2035, growing at a CAGR of 6.5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of naphthalene derivatives was over USD 16.28 Billion. Agrochemical companies frequently use naphthalene derivatives because of their low volatility and lack of scent.   Due to their extended range of industrial uses, the availability of naphthalene derivatives in a number of compositions, such as salts, alcohols, and others, is anticipated to drive market growth. According to study, the global market for agrochemicals was expected to be valued around USD 217.24 billion dollars in 2021. In 2030, this is anticipated to rise to about USD 279 billion dollars.

Another factor projected to fuel expansion of the global naphthalene derivatives market over the forecast period is the growing use of naphthalene derivatives in manufacturing facilities across a variety of sectors, including paints & coatings, is a key reason fueling the market's expansion.


Naphthalene Derivatives Market
Get more information on this report: Request Free Sample PDF

Naphthalene Derivatives Market: Growth Drivers and Challenges

Growth Drivers

  • Expanding Textile Sector in Developing Nations- Alkyl naphthalene sulfonates are commonly employed in the textile industry for bleaching and dying treatments due to their soaking and defoaming qualities. The textile industry uses azo dyes, which account for a sizeable share of commercial dyes, extensively. Different hues employ alkyl naphthalene sulfonates as a precursor.
  • An Increase in Demand in the Building Sector- The building industry is the one where naphthalene compounds are most frequently employed due to their low volatility and absence of scent. The construction industry's substantial use of naphthalene to improve the smoothness of solid mixes in concrete and enhance the structure's framework.
  • Usage is Expanding in the Pharmaceutical Sector- Naphthalene derivatives are utilized in the pharmaceutical sector to develop novel medications and treatments. Acute neurological conditions like cerebral impairments following cardiac bypass surgery and grafting, stroke, cerebral ischemia, and spinal cord damage as a result of trauma or other diseases are among the neurological issues that naphthalene derivatives are used to treat in mammals.

Challenges

  • High Concentration of Dangerous, Damaging Compounds- Mothballs, cigarette smoke, wood burning, and unintentional spills all release naphthalene and its derivatives into the air, posing environmental dangers. Naphthalene and its derivatives are readily absorbed by soil particles into water. Due to their volatility, they may vaporise into the atmosphere with ease. Naphthalene is easily converted into 1- or 2-naphthol in the presence of moisture and sunshine, which may increase air toxicity and provide a range of health hazards.
  • Changing Energy Costs and Overproduction
  • The Availability of Substitutes

Naphthalene Derivatives Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 6.5%

Base Year Market Size (2022)

 ~ USD 16.28 Billion

Forecast Year Market Size (2035)

 ~ USD 35.81 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Naphthalene Derivatives Segmentation

Form (Liquid, Powder)

With a 60% revenue share, the powder sector of the naphthalene derivatives market is predicted to have the quickest growth rate throughout the projected period. The primary factors behind the increased demand for powdered form of naphthalene derivatives are their simple availability in powdered form at room temperature and their ease of transportation and packaging in compared to liquid form. 

End User (Construction, Agro-Chemicals, Textiles, Oil & Gas, Paints & Coatings, Pulp & Paper, Pharmaceuticals)

Construction held the biggest end-user revenue share of the naphthalene derivatives market at 28%. The demand from the construction sector is being driven by the growing usage of naphthalene derivatives such as SNF and phthalic anhydride, which are employed as superplasticizers in concrete and the production of PVC plastics in the development of infrastructure. For instance, the world’s production of PVC in volume accounted for more than 44 million metric tons in the year 2018.

Our in-depth analysis of the global naphthalene derivatives market includes the following segments:

     Form

  • Liquid
  • Powder

    Product

    Source

  • Coal Tar
  • Petroleum

     End User

  • Construction
  • Agro-Chemicals
  • Textiles
  • Oil & Gas
  • Paints & Coatings
  • Pulp & Paper
  • Pharmaceuticals

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Naphthalene Derivatives Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific region is likely to dominate the naphthalene derivatives market over the projected timeframe and is estimated to have 35% market share. With the largest population in the world and a high concentration of garment sectors, APAC. The improvement in consumer purchasing power brought about by the economy's progress has increased per-capita consumption of goods, including textiles, which is fueling the expansion of the APAC textiles sector. In Asia Pacific region, consumer expenditure on apparel is anticipated to reach USD 756.84 billion in 2021, up 18% from the USD 647.26 billion spent in 2020.

European Market Statistics

The naphthalene derivatives market in Europe is anticipated to have a 25% revenue share during the forecasted year due to the significant presence of the medical and agrochemical industries in the area.  Furthermore, it is projected that the market would expand as a result of the region's strict norms and restrictions regarding the use of naphthalene derivatives.

Research Nester
Naphthalene Derivatives Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Naphthalene Derivatives Landscape

top-features-companies
    • Clariant AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • KOPPERS Inc.
    • BASF SE
    • Arkema Group
    • Rutgers NV
    • Kao Corporation
    • Evonik Industries AG
    • King Industries, Inc.
    • Carbon Tech Group
    • Huntsman Corporation
    • JFE Chemical Corporation
    • Kao Corporation
    • Nippon Paper Group
    • Sugai Chemical Industry Co., Ltd.
    • Mitsui Chemicals, Inc.

In the News

  • Clariant announced the divestment of its global QACs business as the company sold its QACs business to Global Amines Company in August 2022.
  • Koppers Performance Chemicals, a subsidiary of Koppers Holdings, announced an investment of USD 40 million for the expansion of its business.

Author Credits:  Rajrani Baghel


  • Report ID: 1128
  • Published Date: Aug 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The use of derivative in different industries such as construction, textiles, pharmaceuticals are the major factors driving the growth of the naphthalene derivatives market.

The market size of naphthalene derivatives is anticipated to attain a CAGR of 6.5% over the forecast period, i.e., 2023 – 2035.

The major players in the market are KOPPERS Inc., BASF SE, Arkema Group, Rutgers NV, Kao Corporation, Evonik Industries AG, King Industries, Inc., Carbon Tech Group, and others.

The powder segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Naphthalene Derivatives Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying