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Naphthalene Market Trends

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

Naphthalene Market Trends

One prominent trend is the increasing demand for high-purity naphthalene derivatives, particularly in advanced applications like pharmaceuticals and specialty chemicals. This shift is spurred by stringent regulatory standards and a growing emphasis on product quality and environmental sustainability. Another trend is the significant growth in the construction sector, particularly in emerging economies, where naphthalene sulfonates are extensively used as concrete admixtures to enhance performance and durability.
 

Moreover, the textile industry's expansion, especially in Asia-Pacific, is bolstering demand for naphthalene-based dyes and intermediates. The market is also seeing a move towards sustainable practices, with companies investing in research to develop eco-friendly production methods and reduce the environmental impact of naphthalene manufacturing. Technological advancements are playing a crucial role in improving production efficiency and cost-effectiveness, further driving market growth.

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.

Naphthalene Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 300
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