India Naphthalene Derivatives Market to Grow with a CAGR of 3.42% through 2030
Growth in research and development activities is expected to drive the India
Naphthalene Derivatives Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India
Naphthalene Derivatives Market- By Region, Competition,
Forecast and Opportunities, 2020-2030”, the India Naphthalene Derivatives Market was reached reach USD 115.56 million by 2024 and is anticipated to project robust growth in the forecast period with a CAGR of 3.42% through 2030.
Initiatives taken by government based on naphthalene
derivatives has led to favorable market conditions for the India Naphthalene
Derivatives Market. Several factors contribute to the growth of various naphthalene
derivatives products.
The Indian government has been consistently supportive
of scientific research, recognizing the potential of studies involving
naphthalene derivatives. One notable example is the active involvement of
Indian researchers in the structure-based drug designing of naphthalene-based
SARS-CoV PLpro inhibitors, a promising avenue for the treatment of COVID-19.
This collaborative effort showcases the government's commitment to fostering
innovation and addressing the pressing healthcare needs of the nation.
Moreover, the government's dedication to environmental
sustainability is evident through the implementation of stringent regulations
that directly affect the production and use of chemical compounds like
naphthalene derivatives. In India, studies on the microbial degradation of
naphthalene and substituted naphthalene have been conducted, driven by the
need to comprehend the environmental impact of these substances and comply with
the evolving regulatory framework. This comprehensive approach reflects the government's
proactive stance in safeguarding the environment while promoting scientific
advancements.
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The Indian government has been consistently supportive
of scientific research, which in turn has had a positive impact on the
naphthalene derivatives industry. By implementing policies and initiatives to
actively encourage and promote research and development (R&D), the
government is creating an environment that is highly conducive to fostering
innovation and advancements in the chemical sector. This commitment to R&D
not only stimulates growth and competitiveness within the industry but also paves
the way for new discoveries and breakthroughs that can potentially
revolutionize various applications and sectors reliant on naphthalene
derivatives.
The India Naphthalene Derivatives Market is segmented
into derivative, end user, regional distribution, and company.
Based on its derivative, the sulphonated naphthalene formaldehyde
(SNF) segment held the largest market share in the forecast period. SNF's
versatility and efficiency also contribute to its dominance. It possesses
excellent wetting and defoaming qualities, which make it highly sought after in
various industries such as textiles. In the textile industry, SNF is widely
used for bleaching and dyeing operations, thanks to its exceptional
performance. Additionally, agrochemical companies often rely on SNF due to its
low volatility, lack of scent, and reliable effectiveness. These
characteristics make SNF a preferred choice for a wide range of applications,
ensuring optimal results and customer satisfaction.
Based on region, West India segment is expected to achieve fastest growth during the forecast period. Government initiatives aimed at fostering industrial growth, including favorable policies and streamlined business processes, have been instrumental in propelling the naphthalene derivatives market in West India. These proactive measures have not only attracted investments but have also cultivated an enabling environment conducive to the expansion of this sector. Consequently, West India has risen as a key player in the naphthalene derivatives market, consolidating its position and opening doors for future growth and advancements in the industry.
Major companies operating in India Naphthalene
Derivatives Market are:
- BASF India Ltd.
- Sika India Pvt. Ltd.
- CICO Technologies Limited
- Choksey Chemicals Pvt. Ltd.
- Chembond Chemicals Limited
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“The India Naphthalene Derivatives Market has experienced robust growth driven by several factors. Naphthalene derivatives find extensive application in various industries such as construction, textiles, and agriculture, among others. In the construction sector, these derivatives are widely utilized as superplasticizers in concrete admixtures, enhancing the strength and durability of concrete structures. In the textile industry, they serve as crucial intermediates in the production of dyes and pigments. The agriculture sector utilizes naphthalene derivatives in the formulation of pesticides and fertilizers, contributing to improved crop yields. The market growth is also fueled by the rising infrastructure development activities, increasing urbanization, and growing agricultural activities in the country. Ongoing technological advancements and innovations in manufacturing processes are further propelling the expansion of the India Naphthalene Derivatives Market. With favorable market dynamics and increasing demand across multiple sectors, the market is poised for continued growth in the foreseeable future,” said Mr.
Karan Chechi, Research Director, TechSci Research, a research-based
management consulting firm.
“India Naphthalene Derivatives Market By Derivative (Sulphonated Naphthalene Formaldehyde
(SNF), Phthalic Anhydride, Alkyl Naphthalene Sulphonates Salts (ANS),
Naphthalene Sulphonic Acid, Others), By End User (Textiles,
Construction, Pharmaceutical, Paints & Coatings, Pulp & Paper, Others),
By Region, By
Competition, Forecast & Opportunities, 2020-2030”, has evaluated
the future growth potential of India Naphthalene Derivatives Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Naphthalene Derivatives Market.
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