Sulphonated Naphthalene Formaldehyde (SNF) Market Size & Share, by Type (Powder, Liquid); Application (Water Reducing Agent, Wetting Agent, Dispersing Agent, Super Plasticizer); End-user (Plastics & Rubber, Paper, Construction, Textile) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4018
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

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

Sulphonated Naphthalene Formaldehyde (Snf) Market size is estimated to cross USD 4.4 Billion by the end of 2035, witnessing around 5% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of sulphonated naphthalene formaldehyde (SNF) was USD 2.3 Billion. The growth of the market can be attributed to the Increasing application of sulphonated naphthalene formaldehyde as a concrete additive in the construction industry. It is widely used in the creation of free-flowing, pumpable concrete blends. It is widely used in the building business. In the building industry, sulfonate naphthalene formaldehyde can be employed as a raw ingredient for anti-freezing intermediaries, compound catalysts, and retarders.

Also, a rise in the chemical industry is expected to propel the sulphonated naphthalene formaldehyde market. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030.


Sulphonated Naphthalene Formaldehyde (SNF) Market
Get more information on this report: Request Free Sample PDF

Sulphonated Naphthalene Formaldehyde (SNF) Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Construction Activities Globally-  SNF is commonly used in the production of building compounds such as concrete. Therefore, the expansion of the construction industry is likely to contribute to market growth. The construction sector was worth 6.4 trillion US dollars in 2020, and it is predicted to grow to 14.4 trillion by 2030.
  • Increasing Demand for SNF for High Tolerance Concrete- It can be used to make high-flowing concrete, prefabricated concrete, and solid concrete. It is an effective water-reducer and dispersant for concrete and mortar. The worldwide demand for cement, which solidifies into concrete while mixed with water and minerals, is predicted to rise 48 percent by 2050, from 4.2 billion to 6.2 billion tons.
  • High Demand as a Dispersing Agent in Textile Industry- Increasing demand for Sulphonate Naphthalene Formaldehyde Market over the forecast period is driven by its utilization in the textile sector. The Indian textile sector's market value was 223 billion US dollars in 2021. This was a rise from the year prior when India's market value was 150 billion US dollars. The market is expected to grow to 220 billion dollars by 2026.
  • Increasing Utilization in Plastics & Rubber Industry- The worldwide plastics industry was expected to be worth $593 billion in 2021. Thailand, on the other hand, generated 4.83 million metric tons of organic rubber in 2021, accounting for around 35% of the worldwide natural rubber output that year. 
  • Rising Requirement in Agriculture- Sulphonate naphthalene formaldehyde is well renowned for its pest prevention and stabilizing capabilities. It is frequently used as a pesticide as it interferes with pests' senses of taste and smell, preventing them from eating crops. The agricultural sector in India is expected to grow to US$ 24 billion by 2025.

Challenges

  • Poor Adaptability among Few Types of Cement
  • Bleeding and Slump Loss Issues associated with SNF
  • The availability of alternatives- In the concrete business, sulphonated naphthalene formaldehyde is very frequently utilized as superplasticizer. Other super plasticizing compounds on marketplaces, nevertheless, include polycarboxylate ether, lignosulphonates, and sulphonated melamine product typealdehyde (SMF). A few examples are sodium and calcium lignosulphonate salts, hydroxycarboxylic acids, and carbohydrates.

Sulphonated Naphthalene Formaldehyde (SNF) Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~5%

Base Year Market Size (2022)

~ USD 2.3 Billion

Forecast Year Market Size (2035)

~ USD 4.4 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

Sulphonated Naphthalene Formaldehyde (SNF) Segmentation

Application (Water Reducing Agent, Wetting Agent, Dispersing Agent, Super Plasticizer)

The global sulphonated naphthalene formaldehyde (SNF) market is segmented and analyzed for demand and supply by application into water reducing agent, wetting agent, dispersing agent, super plasticizer, and others. Out of these, the water reducing agent segment is estimated to gain the largest market share of about ~35% in the year 2035. It has extensive water reduction characteristics and is used to minimize water consumption by 12-25% while maintaining workability, resulting in powerful concrete and lesser permeability. appropriate for moderate or high-strength concrete where a wide range of water lessening is sought. As a result, the Water Reducing Agent segment is expected to have the largest market share over the projection period.

Type (Powder, Liquid)

The global market is also segmented and analyzed for demand and supply by type into powder, and liquid. Amongst these segments, the powder segment is expected to garner a significant share of around ~65% in the year 2035. As a result of its higher cost-to-performance, the powder segment commands a substantial market proportion. This is utilized in extremely high quantities. It performs better but is more costly than liquid form. Due to its expanding demand in agriculture, plastic, and other industries, as well as its use in the construction industry, SNF powder is in substantial demand and is an important contributor to the expansion of the market in focus. Construction output is anticipated to increase by 85% to $15.5 trillion globally by 2030, with three nations - China, the United States, and India - leading in the industry and accounting for 57% of total global growth. As a result, massive development in the construction industry is projected to contribute to segmentation growth in the next decades.

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

        By Type

  • Powder

  • Liquid

        By Application

  • Water Reducing Agent

  • Wetting Agent

  • Dispersing Agent

  • Super Plasticizer

  • Others

        By End-Use Industry

  • Plastics & Rubber

  • Paper

  • Construction

  • Textile

  • Others

 


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

Sulphonated Naphthalene Formaldehyde (SNF) Industry - Regional Synopsis

APAC Market Statistics

The market in the Asia Pacific region is estimated to hold the largest market share over the forecast period, on the back of the growing construction industry in China, and other developing countries. For instance, the construction industry in China amounted to USD 1,050 billion in 2020. Moreover, the growing demand for houses and workplaces, backed by the rising population in the countries, including, India, China, and Japan, is projected to boost the market growth. As a result of a growing number of multinational contractors, the Indian government permitted and simplified its foreign direct investment (FDI) policy in the construction industry, which is improving the industry's profitability. After the service field, the construction industry in India receives the second-highest investment of FDI. Furthermore, the Pradhan Mantri Awas Yojana (PMAY), also known as the Housing for All by 2022 initiative, was established in 2015 with the goal of providing inexpensive housing to all residents by 2022, and according to official estimates, this might entail the construction of 20 million residences by 2022. Therefore these factors are also expected to propel the regional growth over the forecast period.

North American Market Forecast

The market in the North American region is anticipated to gain the largest market share throughout the forecast period on the back of the rising demand for concrete for construction activities, backed by the rising urban population. Moreover, the construction industry holds a prominent share in the economy of the United States, which is anticipated to boost market growth in the region. The U.S. construction industry was valued at around USD 1.4 trillion in 2020. As a consequence, the significant rise in the construction industry and construction equipment is expected to contribute to US market growth in the next decades.

Europe Market Forecast

The rise in numerous sectors such as agriculture, plastics and rubber, paper, construction, clothing, oil, and others is likely to drive the expansion of the sulphonated naphthalene formaldehyde market in Europe. Furthermore, expansion in the building industry is expected to boost the sulphonated naphthalene formaldehyde market. Also, the expansion of the population and urbanization is expected to buffer the development of the sulphonated naphthalene formaldehyde market in Europe. Moreover, the key businesses for sulphonated naphthalene formaldehyde study and development are expected to provide higher opportunities for the sulphonated naphthalene formaldehyde market growth in the approaching years in this region. 

Research Nester
Sulphonated Naphthalene Formaldehyde (SNF) Market Size.PNG
Get more information on this report: Request Free Sample PDF

Companies Dominating the Sulphonated Naphthalene Formaldehyde (SNF) Landscape

top-features-companies
    • Arihant Dyechem
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Perry Impex
    • Trisha Speciality Chemicals Private Limited
    • Shandong Wanshan Chemical Co. Ltd.
    • Wuhan Xinyingda Chemicals Co., Ltd.
    • MUHU Co., Ltd.
    • Chemsons Industrial Corporation
    • Sure Chemical Co., Ltd.
    • Mangalore Chemicals & Fertilizers Limited
    • Endeavour Industries

In the News

  • Wuhan Xinyingda Chemicals Co., Ltd. announced the addition of methyl naphthalene sulphonate and condensate of sodium naphthalene sulphonate to its portfolio.
  • MUHU (China) Co. ltd. and FILCA, established a joint synthetic PC superplasticizer production plant in the Philippines.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4018
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing application of sulphonated naphthalene formaldehyde as a concrete additive in the construction industry is estimated to boost the market growth.

The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2023-2035.

Poor adaptability among few types of cements, and bleeding and slump loss issues associated with SNF are estimated to hamper the market growth.

The Asia Pacific region is anticipated to provide more business opportunities over the forecast period owing to the growing construction activities in the region.

The major players in the market are MUHU Co., Ltd., Chemsons Industrial Corporation, Sure Chemical Co., Ltd., Mangalore Chemicals & Fertilizers Limited, Endeavour Industries, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, end-use industry, and by region.

The water reducing agent segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
Sulphonated Naphthalene Formaldehyde 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