Naphthalene Derivatives Market Size, Share, Trends, Growth 2032

Naphthalene Derivatives Market Insights

Zion Market Research has published a report on the global Naphthalene Derivatives Market, estimating its value at USD 1013.63 Million in 2023, with projections indicating that it will reach USD 1712.5 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Naphthalene Derivatives industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Naphthalene Derivatives Market: Overview

For the synthesis of naphthalene derivatives, naphthalene compounds are required. Synthesis of naphthalene takes place in two stages, namely, ring closure by cyclization reaction which is followed by the aromatization process. Various modifications can be carried out to obtain different kinds of naphthalene derivatives. Some of examples of naphthalene derivatives are 1-methylnaphthalene, 1-naphthol, 2-naphthol, and 1, 6-dihydroxynaphthalene. They are basically available in liquid and powdered form, of which, powdered form is used on a large scale. Naphthalene derivatives are mostly used in the construction and textile industry. There is significant growth visible in the demand for naphthalene derivatives in the market.

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Global Naphthalene Derivatives Market: Growth Factors

The increasing speed with which the textile industry is growing is expected to be one of the major driving factors of the naphthalene derivatives market. The other major vertical contributing to this growth is the construction industry. Factors such as increasing developmental plans in the naphthalene derivatives market, constant urbanization, and rise in living standards, increased research and development activities, and extensive utilization of naphthalene formaldehyde condensates in the construction industry is anticipated to aid the growth of the naphthalene derivatives market.

However, increasing toxicity levels linked with the utilization of naphthalene derivatives and fluctuations in the prices of crude oil may prove to be a major restraining factor for the growth of the market for naphthalene derivatives.

Global Naphthalene Derivatives Market: Segmentation

The global naphthalene derivatives market is segmented into its form, type, application, and region.

On the basis of form, the derivatives segment can be divided into liquid and powder.

Based on type, the global naphthalene derivatives market is segregated into sulfonated naphthalene formaldehyde (SNF), naphthalene sulfonic acid, alkyl naphthalene sulfonate salts (ANS), naphthols, phthalic anhydride, and others. Alkyl naphthalene sulfonate salts can be further subdivided into sodium polynaphthalene/naphthalene sulfonates and calcium polynaphthalene/naphthalene sulfonates and naphthols are subdivided into 1-naphthol and 2-naphthol.

On the basis of application, the global naphthalene derivatives market division is seen into construction, agrochemical, textile, detergent, oil and gas, paint and coating, pulp and paper, pharmaceutical, leather tanning, and rubber synthesis which is subdivided into SBR and NBR.

Naphthalene Derivatives Market: Report Scope

Global Naphthalene Derivatives Market: Regional Analysis

The largest market for naphthalene derivatives is seen in the Asia Pacific. A strong industrial base in the construction and textile application and growing production facilities are the major factors contributing to this growth, especially in China. Other countries in the Asia Pacific showing significant growth are Japan, India, South Korea, Indonesia, Australia, and New Zealand. This trend is followed by North America and Europe. Countries such as the U.S., Germany, Mexico, Canada, the U.K., Italy, France, Spain, Russia, and Argentina are showing growth in the global market. In the Middle East and Africa, the growth rate is expected to be slow due to the small number of end-users in this region.

Global Naphthalene Derivatives Market: Competitive Players

Some of the major companies in the naphthalene derivatives market are

• Koppers Inc
• BASF SE
• Clariant
• Arkema Group
• King Industries Inc
• KAO Corporation
• Huntsman International LLC
• RÜTGERS Group
• Giovanni Bozzetto S.p.A
• Cromogenia-Units
• S. A.
• Evonik Industries AG

The global naphthalene derivatives market is segmented as follows:

By Form

• Liquid
• Powder

By Type

• Sulphonated Naphthalene Formaldehyde (SNF)
• Naphthalene Sulfonic Acid
• Alkyl Naphthalene Sulphonates Salts (ANS)
• Naphthols
• Phthalic Anhydride
• Others

By Application

• Construction
• Textiles
• Agrochemicals
• Detergent
• Pharmaceuticals
• Oil & Gas
• Paints & Coatings
• Pulp & Paper
• Leather Tanning
• Rubber Synthesis

Naphthalene Derivatives Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa