Naphthalene Market Size (2024 - 2029)

The naphthalene market is projected to experience steady growth over the forecast period, driven by increasing demand in the textile industry and emerging applications in the construction sector. Despite challenges posed by stringent environmental regulations on VOC emissions, the market is expected to expand as it has recovered to pre-pandemic levels. The Asia-Pacific region leads in market consumption, with significant activity in countries like India and China.

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Market Size of Naphthalene Industry

Naphthalene Market Summary
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 Market 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 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
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
France
United Kingdom
Italy
Rest of the 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 Market Size Summary

The naphthalene market is poised for steady growth, driven by its increasing application in the textile industry and emerging opportunities in the construction sector. Despite the challenges posed by stringent environmental regulations on VOC emissions, the market is expected to expand as new uses for naphthalene are discovered. The Asia-Pacific region, particularly countries like China and India, dominates the global market due to high consumption levels. This dominance is further bolstered by the burgeoning construction and agriculture industries in these countries, which are anticipated to fuel demand for naphthalene in the coming years.

Naphthalene sulfonates, a significant derivative, are expected to lead the market due to their versatile applications in surfactants and polymer-concrete admixtures. These compounds play a crucial role in enhancing the properties of personal care products and industrial detergents. The market's consolidation is evident with major players like CARBOTECH, Rain Carbon Inc., and Exxon Mobil Corporation leading the charge. Recent developments, such as the installation of advanced separation units in Indonesia and capacity expansions in India, underscore the industry's commitment to meeting growing demand and improving production efficiency.

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Naphthalene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Use as NSF (naphthalene sulphonate formaldehyde) in Concrete Admixtures

      2. 1.1.2 Growing Use in Textile Industry

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations regarding VOC emissions

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Source

      1. 2.1.1 Coal Tar

      2. 2.1.2 Petroleum

    2. 2.2 Application

      1. 2.2.1 Phthalic Anhydride

      2. 2.2.2 Naphthalene Sulfonates

      3. 2.2.3 Low-Volatility Solvents

      4. 2.2.4 Moth Repellent

      5. 2.2.5 Pesticides

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

        4. 2.3.2.4 Rest of North America

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 France

        3. 2.3.3.3 United Kingdom

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of the Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Naphthalene Market Size FAQs

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

Rain Carbon Inc., JFE Chemical Corporation, Exxon Mobil Corporation, CARBOTECH and Epsilon Carbon Private Limited are the major companies operating in the Naphthalene Market.

Naphthalene Market Report Snapshots

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