Naphthalene Derivatives Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is predicted to hold largest revenue share of 35% by 2035, 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.
Europe Market Insights
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, market would expand as a result of the region's strict norms and restrictions regarding the use of naphthalene derivatives.
