Press Release

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.

 Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Naphthalene Derivatives Market

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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