
Naphthalene Market - By Source, By Form (Refined Naphthalene, Alkyl Naphthalene, Naphthalene Solid), By Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides) & Forecast, 2024 – 2032
Description
Naphthalene Market - By Source, By Form (Refined Naphthalene, Alkyl Naphthalene, Naphthalene Solid), By Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides) & Forecast, 2024 – 2032
Global Naphthalene Market will record over 3.3% CAGR from 2024 to 2032, catapulted by the thriving pharmaceutical and agrochemical sectors. As per the UN Food and Agriculture Organization FAO reports, the global agrochemical market was valued at around 240 billion in 2022 and is projected to reach 350 billion by 2027, growing at a CAGR of 8.1%. This will boost the demand for agrochemical products and raw materials like naphthalene.
Naphthalene is integral to synthesizing various intermediates used in pharmaceutical formulations and agrochemical products. Moreover, it is widely used in construction sector for producing plasticizers and superplasticizers for concrete admixtures, alongside the textile and chemical industries for making dyes, resins, and pigments. The environmental regulations are promoting the use of high-efficiency and low-emission products, encouraging the development of Eco-friendly naphthalene derivatives, thereby opening new avenues for market expansion.
The naphthalene market is categorized based on source, form, application, and region.
The petroleum segment will experience a decent CAGR during the forecast period, driven by its role as a primary raw material in naphthalene production. The abundant availability and cost-effectiveness of petroleum-derived naphthalene compared to its coal-tar-derived counterpart make it a preferred choice among manufacturers. The advancements in refining technologies enhance the efficiency and yield of naphthalene extraction. Moreover, the robust infrastructure of petroleum industry and established supply chains ensure a steady and reliable supply of naphthalene, crucial for various end-use industries such as construction, textiles, and chemicals.
The alkyl naphthalene segment will procure a promising market share by 2032, due to its role in enhancing chemical processes and formulations. Alkyl naphthalene, known for its specific chemical properties, is essential in various industrial applications, such as lubricants and additives. As industries seek to optimize performance and efficiency, there will be uptick in product adoption to offer improved stability and effectiveness. Additionally, the ongoing advancements in industrial applications and the drive for higher quality standards contribute to the rising demand in the alkyl naphthalene.
North America naphthalene market will register a noteworthy CAGR through 2032, driven by the expanding product usage in industrial applications such as automotive, construction, and chemical industries. Additionally, advancements in technology and increased investments in infrastructure projects contribute to higher product incorporation. Environmental regulations promoting cleaner and more efficient processes bolster the demand for naphthalene, which is used to enhance product performance. As North Americas industrial activities intensify, the demand for naphthalene flourishes, shaping the regional market dynamics.
Table of Contents
300 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Technology & innovation landscape
- 3.3 Regulatory landscape
- 3.4 Industry impact forces
- 3.4.1 Growth drivers
- 3.4.1.1 Increasing demand from the construction industry
- 3.4.1.2 Rising usage in plasticizers and resins
- 3.4.1.3 Increased use in chemical intermediates
- 3.4.1.4 Development of high-purity naphthalene derivatives
- 3.4.2 Industry pitfalls & challenges
- 3.4.2.1 Volatile raw material prices
- 3.5 Growth potential analysis
- 3.6 Porter’s analysis
- 3.6.1 Supplier power
- 3.6.2 Buyer power
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.6.5 Industry rivalry
- 3.7 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
- Chapter 5 Market Size and Forecast, By Source, 2018-2032 (USD Billion, Kilo Tons)
- 5.1 Key trends
- 5.2 Coal tar
- 5.3 Petroleum
- Chapter 6 Market Size and Forecast, By Form, 2018-2032 (USD Billion, Kilo Tons)
- 6.1 Key trends
- 6.2 Refined naphthalene
- 6.3 Alkyl naphthalene
- 6.4 Naphthalene solid
- 6.5 Other
- Chapter 7 Market Size and Forecast, By Application, 2018-2032 (USD Billion, Kilo Tons)
- 7.1 Key trends
- 7.2 Phthalic anhydride
- 7.3 Naphthalene sulfonates
- 7.4 Low-Volatility solvents
- 7.5 Moth repellent
- 7.6 Pesticides
- 7.7 Other applications (dyes, pigment)
- Chapter 8 Market Size and Forecast, By Region, 2018-2032 (USD Billion, Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
- Chapter 9 Company Profiles
- 9.1 Atom Scientific
- 9.2 CDH Fine Chemical
- 9.3 China Steel Chemical
- 9.4 Deza
- 9.5 Dong-Suh Chemical Ind. Co., Ltd.
- 9.6 ExxonMobil Chemical
- 9.7 Himadri Specialty Chemical Ltd.
- 9.8 JFE Chemical Corporation
- 9.9 King Industries
- 9.10 Koppers
- 9.11 PCC Group
- 9.12 Rain Carbon
- 9.13 Tulstar Products
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.