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Naphthalene Market Share

Report ID: GMI9583
Published Date: May 2024
Report Format: PDF

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Naphthalene Market Share

Naphthalene Market Company Share Analysis, (2023)

The naphthalene industry presents a competitive landscape characterized by a mix of prominent multinational corporations and specialized regional players, indicating a moderately fragmented market. Leading companies such as JFE Chemical Corporation, ExxonMobil Chemical, and Himadri Specialty Chemical Ltd. command significant market share due to their extensive production capacities, advanced technologies, and broad distribution networks. These companies benefit from economies of scale and robust research and development capabilities, enabling them to offer high-purity naphthalene derivatives for diverse industrial applications.

ExxonMobil Chemical and Himadri Specialty Chemical Ltd., in particular, leverage their strong presence in the global chemical industry to maintain competitive advantages through continuous innovation and strategic expansions. Similarly, JFE Chemical Corporation capitalizes on its integrated production processes and strong foothold in Asia.

Other players, such as CDH Fine Chemical and Atom Scientific, focus on niche markets, supplying high-purity and specialty naphthalene products, catering to specific industry needs such as pharmaceuticals and advanced chemicals. Companies like Deza, King Industries, and PCC Group enhance the market's diversity through their specialized product offerings and regional market penetration. China Steel Chemical and Dong-Suh Chemical Ind. Co., Ltd., along with Tulstar Products and Rain Carbon, underscore the regional competitiveness, particularly in Asia, where local demand drives significant market activity. Koppers and Rain Carbon, with their strong presence in North America, further illustrate the geographical spread and competitive nature of the market.

Naphthalene Market Companies

Major players operating in the market include:

Atom Scientific
CDH Fine Chemical
China Steel Chemical
Deza
Dong-Suh Chemical Ind. Co., Ltd.
ExxonMobil Chemical
Himadri Specialty Chemical Ltd.
JFE Chemical Corporation
King Industries
Koppers
PCC Group
Rain Carbon
Tulstar Products

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for naphthalene was valued at USD 2.7 billion in 2023 and is anticipated to register over 3.3% CAGR between 2024 and 2032, owing to its applicability in sectors, such as construction, agriculture, and pharmaceuticals.

The coal tar source segment in the naphthalene market recorded USD 1.5 billion in 2023 and is expected to reach over USD 2 billion by 2032, due to its cost-effectiveness and established supply chains.

Asia Pacific market size generated USD 1.16 billion in 2023 and will grow rapidly through 2032, owing to the booming construction sector in China and India.

Atom Scientific, CDH Fine Chemical, China Steel Chemical, Deza, Dong-Suh Chemical Ind. Co., Ltd., ExxonMobil Chemical, Himadri Specialty Chemical Ltd., JFE Chemical Corporation, King Industries, Koppers, and PCC Group among others.