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, 2020-2030F”, 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.
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.
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.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on "India Naphthalene Derivatives Market”
The
India Naphthalene Derivatives Market is segmented into derivative, end user,
regional distribution, and company.
Based
on End User, the construction segment is projected to experience rapid growth
during the forecast period. Naphthalene derivatives, particularly Sulphonated
Naphthalene Formaldehyde (SNF), are extensively used as superplasticizers in
the production of concrete and cement mixtures. They play a crucial role in
enhancing the workability and strength of these mixtures, ultimately
contributing to the overall durability and structural integrity of
buildings. By dispersing cement particles more effectively and reducing
water content, SNF superplasticizers optimize the flowability and cohesiveness
of concrete, allowing for easier placement and compaction during construction.
This improved workability not only facilitates the creation of intricate
architectural designs but also enhances the bonding between different
components, resulting in a more robust and long-lasting construction. Naphthalene
derivatives are highly favored in the construction industry for their
exceptional properties beyond their low volatility and odorless nature. Their
unique molecular structure enables them to effectively reduce the amount of
water required in concrete mixtures, leading to reduced shrinkage and increased
resistance to cracking. Their compatibility with various cement
types and admixtures makes them versatile and adaptable to different
construction scenarios. This adaptability allows for greater flexibility
in designing and constructing buildings that meet specific performance
requirements, such as high-strength concrete for skyscrapers or self-compacting
concrete for intricate architectural elements. The use of naphthalene derivatives
in residential and commercial buildings not only ensures structural reliability
but also enhances the overall quality and longevity of the constructed
environment, providing a safe and comfortable space for occupants while
minimizing maintenance and repair costs in the long run.
Based
on region, In the India Naphthalene Derivatives Market, the South region
is expected to be the second-fastest growing region after the West during the
forecast period. This growth can be attributed to the region's expanding
industrial base, particularly in sectors such as textiles, construction, and
agriculture, which are key end-users of naphthalene derivatives. The South
region, home to several industrial hubs in states like Tamil Nadu, Karnataka,
Andhra Pradesh, and Telangana, is witnessing increased demand for these
derivatives due to their widespread application in the production of dyes,
concrete admixtures, and pesticides. The
rapid growth of the construction sector in the South region is a major driver,
as naphthalene derivatives are extensively used in superplasticizers to enhance
the quality of concrete. The thriving textile industry in states
like Tamil Nadu contributes to the demand for naphthalene-based dyes and
intermediates. The agricultural sector, which relies on pesticides made from
naphthalene derivatives, further boosts regional demand. The South
region's well-established chemical manufacturing facilities and strong
logistics infrastructure support the efficient production and distribution of
naphthalene derivatives. Initiatives to improve industrial policies and attract
investments in the chemical sector also bolster the market's expansion in this
region.
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
Download Free Sample Report
Customers
can also request for 10% free customization on this report
“With
India being one of the largest textile producers globally, the demand for
naphthalene-based intermediates, such as naphthols and sulfonates, is rising
steadily. These compounds are extensively used in the production of azo dyes,
which are vital for coloring fabrics and achieving vibrant, long-lasting
shades. The shift towards high-quality and durable dyes to meet both domestic
and export market requirements is fueling the demand for naphthalene
derivatives. The increasing preference for sustainable and
eco-friendly textile processes is driving the adoption of advanced
naphthalene-based products that comply with international environmental
standards. The
expanding textile hubs in regions like Tamil Nadu, Gujarat, and Maharashtra
further amplify this demand, as manufacturers seek efficient and reliable
intermediates to enhance their production capabilities. The
government's focus on boosting the textile sector through initiatives like
Production Linked Incentive (PLI) schemes and export promotion policies is
indirectly contributing to the growth of the naphthalene derivatives market. This
trend highlights the critical role of naphthalene derivatives in supporting
India's textile industry, positioning them as essential components in the
supply chain for high-performance and sustainable fabric production”, said Mr.
Karan Chechi, Research Director of 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, Competition, Forecast &
Opportunities, 2020-2030F”, 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.
Contact
Us-
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
M:
+13322586602
Email: [email protected]
Website: www.techsciresearch.com