Naphthalene Market Size
| 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
*Disclaimer: Major Players sorted in no particular order |
Naphthalene Market Analysis
During the time frame of the forecast, the naphthalene market is expected to register a CAGR of more than 3%.In 2020, COVID-19 had a detrimental effect on the market.However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- During the forecast period, the demand for naphthalene is likely to rise due to its growing use in the textile industry.
- On the other hand, stringent environmental regulations regarding VOC emissions are expected to hinder market growth during the forecast period.
- Furthermore, new applications of naphthalene in the construction sector are anticipated to act as a market opportunity in the coming years.
- Asia-Pacific dominated the global market, with the largest consumption in countries such as India, China, etc.
Naphthalene Market Trends
This section covers the major market trends shaping the Naphthalene Market according to our research experts:
Naphthalene Sulfonates to be the Major Application
- One of the most important uses of naphthalene is to make naphthalene sulfonates, which can be used for a variety of things because they can make things wet and spread out.
- Naphthalene sulfonates are used to make naphthalene sulphonate formaldehyde (NSF). NSF is used in polymer-concrete admixtures to neutralize the surface charge on cement particles, which increases the amount of water bound up in cement agglomerations and lowers the viscosity of the paste and concrete.
- They are used in the production of surfactants that are used in a variety of personal care products. Also, naphthalene sulfonates are also used in water-based cleansers such as shampoos, automatic dishwashing detergents, and industrial detergents.
- The Japan Soap and Detergent Association (JSDA) says that in 2021, Japan will sell about 1.2 million tons of cleaning detergents. The majority of the market will be made up of synthetic mixtures.
- Also, more than half of the 641 thousand tons of cleaners that were sold were synthetic liquid laundry detergents. Comparatively, soap sales totaled about 25.7 thousand tons. As a result, the naphthalene market will benefit from this.
- Because of all of these things, naphthalene sulfonate is expected to be the market leader during the period covered by the forecast.
Asia-Pacific to Dominate the Market
- Asia-Pacific is expected to have the most of the naphthalene market because countries like China and India use so much of it.
- The growing construction and agriculture industries of Asian countries like China and India are some of the crucial factors driving market growth in the region.
- The approval of large construction projects, especially in India, China, and Japan, is expected to drive the market for naphthalene in the region.
- The National Bureau of Statistics of China says that the output value of construction works in the country will be around USD 4 trillion in 2021. This represents a more than 11% increase from 2020, which will increase demand for the studied market.
- Statistics Korea also says that in 2021, local builders at home and abroad received construction orders worth a total of USD 245.9 billion. This is a big jump from the previous year.
- India is expanding its commercial construction sector. Several projects have been going on in the country. For instance, the construction of the CommerzIII Commercial Office Complex, worth USD 900 million, started in Q1 2022. The project involves the construction of a 43-story commercial office complex with a permissible floor area of 2,601,28 m2 in Goregaon, Mumbai. The project is expected to be completed in Q4 of 2027. Thus, this is expected to increase the demand for naphthalene during the forecast period.
- For these reasons, it is expected that the Asia-Pacific region will lead the market over the next few years.
Naphthalene Industry Overview
The market for naphthalene is consolidated. Some of the major players in the market include CARBOTECH, Rain Carbon Inc., JFE Chemical Corporation, Exxon Mobil Corporation, and Epsilon Carbon Private Limited, among others (in no particular order).
Naphthalene Market Leaders
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Rain Carbon Inc.
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JFE Chemical Corporation
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Exxon Mobil Corporation
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CARBOTECH
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Epsilon Carbon Private Limited
*Disclaimer: Major Players sorted in no particular order
Naphthalene Market News
- November 2022: Sulzer Chemtech Ltd. will provide process engineering and essential equipment to the Dong-Suh company in Indonesia for the growth of the naphthalene downstream industry. With the installation of a cutting-edge separation unit at the Dong-Suh plant in Serang, Indonesia, it will be easier to make naphthalene that is very pure.
- September 2022: Epsilon Carbon will increase its carbon black production capacity from 115,000 tons to 215,000 tons annually with a new investment of approximately USD 71 million in Karnataka. Naphthalene from carbon black feedstock can be used to make phthalic anhydrides, pesticides, and concrete plasticizers.
Naphthalene Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Use as NSF (naphthalene sulphonate formaldehyde) in Concrete Admixtures
- 4.1.2 Growing Use in Textile Industry
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4.2 Restraints
- 4.2.1 Stringent Environmental Regulations regarding VOC emissions
- 4.2.2 Other Restraints
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Source
- 5.1.1 Coal Tar
- 5.1.2 Petroleum
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5.2 Application
- 5.2.1 Phthalic Anhydride
- 5.2.2 Naphthalene Sulfonates
- 5.2.3 Low-Volatility Solvents
- 5.2.4 Moth Repellent
- 5.2.5 Pesticides
- 5.2.6 Other Applications
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.2.4 Rest of North America
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 France
- 5.3.3.3 United Kingdom
- 5.3.3.4 Italy
- 5.3.3.5 Rest of the Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/ Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 CARBOTECH
- 6.4.2 DEZA a. s.
- 6.4.3 Epsilon Carbon Private Limited
- 6.4.4 Exxon Mobil Corporation
- 6.4.5 Gautam Zen International
- 6.4.6 Química del Nalón S.A.
- 6.4.7 JFE Chemical Corporation
- 6.4.8 Koppers Inc.
- 6.4.9 PCC Rokita SA
- 6.4.10 Rain Carbon Inc.
- 6.4.11 TULSTAR PRODUCTS INC.
- 6.4.12 Dong-Suh Chemical Ind. Co., Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 New Applications in the Construction Sector
Naphthalene Industry Segmentation
Naphthalene is a white, crystalline, volatile, and smelly chemical that can be made by distilling coal tar or petroleum. It is used in many fields, like building and construction, farming, textiles, pharmaceuticals, chemicals, etc. Source, application, and geography are the market segments for naphthalene. According to the source, the market is segmented into coal tar and petroleum. By application, the market is segmented into Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides, and Other Applications. The report also covers the market size and forecasts for the market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).
| Source | Coal Tar | |
| Petroleum | ||
| Application | Phthalic Anhydride | |
| Naphthalene Sulfonates | ||
| Low-Volatility Solvents | ||
| Moth Repellent | ||
| Pesticides | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| France | ||
| United Kingdom | ||
| Italy | ||
| Rest of the Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Naphthalene Market Research FAQs
What is the current Naphthalene Market size?
The Naphthalene Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Naphthalene Market?
Rain Carbon Inc., JFE Chemical Corporation, Exxon Mobil Corporation, CARBOTECH and Epsilon Carbon Private Limited are the major companies operating in the Naphthalene Market.
Which is the fastest growing region in Naphthalene Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Naphthalene Market?
In 2024, the Asia-Pacific accounts for the largest market share in Naphthalene Market.
What years does this Naphthalene Market cover?
The report covers the Naphthalene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Naphthalene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Naphthalene Industry Report
Statistics for the 2024 Naphthalene market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Naphthalene analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
