Naphthalene Derivative Market Size (2024 - 2029)

The naphthalene derivatives market is anticipated to experience growth, driven by its expanding applications in the textile and construction industries. Despite the challenges posed by the high toxicity of these derivatives and the impact of the COVID-19 pandemic on manufacturing, the market is poised for opportunities, particularly in the development of antimicrobials with significant therapeutic value. The Asia-Pacific region leads in market share due to its increasing use in construction.

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Market Size of Naphthalene Derivative Industry

Market Summary - Naphthalene Derivative Market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Naphthalene Derivative Market Major Players

*Disclaimer: Major Players sorted in no particular order

Naphthalene Derivatives Market Analysis

The market for naphthalene derivative is expected to grow at a CAGR more than 3% globally during the forecast period. Naphthalene is an organic compound which can be found in a white crystalline solid like form commonly. As an aromatic hydrocarbon, naphthalene's structure consists of a fused pair of benzene rings. It is best known as the main ingredient of traditional mothballs. Naphthalene derivatives require naphthalene compounds as a basic precursor and are synthesized in two stages; ring closure by cyclization reaction followed by aromatization process. The growing application in textile and construction industry and have been driving the market growth.

However, the high level of toxicity of naphthalene derivatives is a major factor restraining growth of the global naphthalene derivatives market. Moreover, unfavorable conditions arising due to the COVID-19 outbreak is also expected to hinder the manufacturing, thereby, hamper the market growth.

The growing application of naphthalene derivative as antimicrobials with high therapeutic value are likely to provide opportunities for the naphthalene derivative market over the next five years.

Asia-Pacific region dominates the naphthalene derivative market, owing to growing application of naphthalene derivative in construction sectors in the region.

Naphthalene Derivatives Industry Segmentation

The naphthalene derivative market report includes:

Form
Powder
Liquid
Source
Coal-Tar
Petroleum Based
Others
Derivative
Sulphonated Naphthalene Formaldehyde (SNF)
Phthalic Anhydride
Naphthalene Sulphonic Acid
Naphthols
Alkyl Naphthalene Sulphonate Salts
Others
End-User Industry
Paints and Coatings
Construction
Textile
Pulp and Paper
Oil and Gas
Pharmaceutical
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Naphthalene Derivative Market Size Summary

The naphthalene derivatives market is poised for growth, driven by its expanding applications in the textile and construction industries. Naphthalene, an aromatic hydrocarbon, serves as a precursor for these derivatives, which are synthesized through a two-stage process involving cyclization and aromatization. The construction industry, in particular, benefits from the use of naphthalene derivatives due to their odorless nature and low volatility, making them ideal for enhancing the smoothness and strength of concrete mixtures. Sulfonated naphthalene formaldehyde (SNF) is a key derivative, widely used as a superplasticizer in concrete, and is expected to maintain its dominance in the market. Despite the high toxicity of naphthalene derivatives posing a challenge, their therapeutic applications as antimicrobials present new opportunities for market expansion.

The Asia-Pacific region emerges as the most lucrative market for naphthalene derivatives, supported by robust growth in the construction and textile sectors. Countries like China, India, and Vietnam are witnessing increased residential construction projects, which boost the demand for naphthalene derivatives. The textile industry, particularly in China and India, further propels market growth through its substantial consumption of naphthalene derivatives for dyeing and bleaching processes. Infrastructural expansion and remodeling activities in these countries also contribute to the market's upward trajectory. The global market is consolidated, with key players such as Cromogenia Units, JFE Chemical Corporation, and Rain Carbon Inc. leading the industry.

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Naphthalene Derivative Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Construction Industry

      2. 1.1.2 Rising Application in Textile Sector

    2. 1.2 Restraints

      1. 1.2.1 Toxicity of Naphthalene Derivative

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Form

      1. 2.1.1 Powder

      2. 2.1.2 Liquid

    2. 2.2 Source

      1. 2.2.1 Coal-Tar

      2. 2.2.2 Petroleum Based

      3. 2.2.3 Others

    3. 2.3 Derivative

      1. 2.3.1 Sulphonated Naphthalene Formaldehyde (SNF)

      2. 2.3.2 Phthalic Anhydride

      3. 2.3.3 Naphthalene Sulphonic Acid

      4. 2.3.4 Naphthols

      5. 2.3.5 Alkyl Naphthalene Sulphonate Salts

      6. 2.3.6 Others

    4. 2.4 End-User Industry

      1. 2.4.1 Paints and Coatings

      2. 2.4.2 Construction

      3. 2.4.3 Textile

      4. 2.4.4 Pulp and Paper

      5. 2.4.5 Oil and Gas

      6. 2.4.6 Pharmaceutical

      7. 2.4.7 Others

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 France

        4. 2.5.3.4 Italy

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle-East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle-East and Africa

Naphthalene Derivative Market Size FAQs

The Naphthalene Derivative Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Cromogenia Units , JFE Chemical Corporation, Rain Carbon Inc., GIOVANNI BOZZETTO S.p.A. and King Industries, Inc are the major companies operating in the Naphthalene Derivative Market.

Naphthalene Derivatives Market Report Snapshots

Naphthalene Derivatives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)