Sulphonated Naphthalene Formaldehyde Market Trends

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

Sulphonated Naphthalene Formaldehyde Market Trends

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)
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Author Credits:  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.
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