Global Naphthalene Derivatives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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May 2023
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MarketResearch.biz delivers in-depth insights on the global naphthalene derivatives market in its upcoming report titled, “Global Naphthalene Derivatives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global naphthalene derivatives market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global naphthalene derivatives market report has been segmented on the basis of form, type, end use industry, and region.
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. Various modifications can be made in the synthetization process to synthesize different types of naphthalene derivatives. Some commercially available naphthalene derivatives are 1,6-dihydroxynaphthalene, 1-methylnaphthalene, and 1-naphthol. Naphthalene derivatives are available both in powder and liquid forms, of which, power form of naphthalene derivatives are used widely.
Increasing number of applications of naphthalene derivatives and rising demand for naphthalene derivatives from various end use industries, especially, from the textile and construction industries are major factors driving growth of the global naphthalene derivatives market. In addition, increasing investment by prominent companies for R&D of naphthalene derivatives is another factor anticipated to boost growth of the global naphthalene derivatives market over the forecast period.
However, high level of toxicity of naphthalene derivatives is a major factor restraining growth of the global naphthalene derivatives market. Additionally, availability of substitutes for synthesis of phthalic anhydride – a chemical intermediate used in synthesis of plastics is another factor expected to hamper growth of the global naphthalene derivatives market over the forecast period.
Currently, the market in Asia Pacific dominates the global naphthalene derivatives market in revenue terms owing to high demand for naphthalene derivatives from various industries and increasing industrialization in emerging economies such as China and India. The markets in Europe and North America accounted for a moderate revenue share in the global naphthalene derivatives market, due to stringent rules and regulations for use of naphthalene derivatives in countries in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness relatively stable growth in the global market over the forecast period, owing to comparatively less amount of industries in the regions.
Global naphthalene derivatives market segmentation:
By form:
- Powder
- Liquid
By type:
- Sulfonated Naphthalene Formaldehyde (SNF)
- Phthalic Anhydride
- Naphthalene Sulfonic Acid
- Naphthols
- Others
By end use industry:
- Construction
- Textile
- Oil & Gas
- Paints & Coatings
- Pharmaceutical
- Others
By region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- Clariant
- Koppers Inc.
- BASF SE
- Arkema Group
- RUTGERS N.V.
- Evonik Industries AG
- King Industries Inc.
- KAO Corporation
- Huntsman International LLC.
- JFE Chemical Corporation
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