United States Naphthalene Derivatives Market to Grow with a CAGR of 3.72% through 2029

Surge in research and development activities is expected to drive the United States Naphthalene Derivatives Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “United States Naphthalene Derivatives Market– By Region, Competition, Forecast and Opportunities, 2019-2029F”, the United States Naphthalene Derivatives Market stood at USD 164.56 million in 2023 and is anticipated to grow with a CAGR of 3.72% through 2029. The initiatives taken by government based on naphthalene derivatives has led to favorable market conditions for the United States Naphthalene Derivatives Market. Several factors contribute to the growth of various naphthalene derivatives market products. Entities such as the National Institutes of Health (NIH), the National Science Foundation (NSF), and the Department of Energy (DOE) provide funding for research endeavors concerning chemical compounds, encompassing naphthalene derivatives. These financial allocations support investigations into their characteristics, uses, and ecological implications, promoting innovation and the progression of knowledge within the domain.

In recent years, advancements in research and development (R&D) have propelled the production of high-quality and sustainable flame retardants. With heightened societal emphasis on environmental sustainability and adherence to safety regulations, there's been an escalating demand for eco-friendly alternatives to traditional flame retardants. Naphthalene derivatives have emerged as a particularly promising option, garnering attention for their impressive flame retardant capabilities and alignment with the increasing demand for environmentally responsible solutions across multiple industries. The market for naphthalene derivatives as flame retardants is on a robust growth trajectory, buoyed by their effectiveness and eco-friendly attributes. This growth reflects both the market's recognition of the importance of sustainability and safety, as well as the innovative strides made in R&D to meet these evolving needs. Naphthalene derivatives stand poised to play a significant role in addressing the growing demand for greener flame retardant solutions in various applications.

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The United States Naphthalene Derivatives Market is segmented in derivative, end user, regional distribution, and company.  

Based on the category of derivative, the sulphonated naphthalene formaldehyde (SNF) emerged as the fastest growing segment in the United States market for naphthalene derivatives in 2023. Sulphonated naphthalene formaldehyde (SNF) is a compound derived from naphthalene, a polycyclic aromatic hydrocarbon. Its distinct chemical composition allows it to function as an exceptionally efficient superplasticizer in concrete. By reducing water content, SNF enhances the workability and strength of concrete, making it highly favored in the construction sector. Its widespread adoption in construction projects, spanning from residential structures to large-scale infrastructure, has firmly established its market dominance. SNF serves as a dispersing agent across diverse industries such as paper, textile, and dye. Its capability to uniformly disperse particles elevates the performance and productivity of products in these domains. With substantial growth observed in these industries within the United States, the demand for SNF has surged significantly, further consolidating its stature as an emerging segment in the naphthalene derivatives market. The adaptability and efficacy of SNF render it an indispensable ingredient across multiple sectors, ensuring its sustained success.

Major companies operating in United States Naphthalene Derivatives Market are:

• Koppers Inc. 
• Evonik Corporation
• BASF SE
• Clariant Corporation
• Huntsman Corporation
• Kao USA Inc.
• Sika Corporation
• King Industries, Inc.
• Himadri Specialty Chemical Ltd
• NIPPON STEEL & SUMITOMO METAL U.S.A., INC.

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“Naphthalene derivatives play a pivotal role in propelling the United States Naphthalene Derivatives Market, particularly through their utilization in the oil and gas sector. These derivatives serve as additives in enhanced oil recovery (EOR) methods, which encompass techniques like steam injection and chemical flooding. These strategies are designed to boost oil production from reservoirs by modifying the characteristics of both the oil and the rock formations. By altering the interfacial tension between oil and water, naphthalene derivatives enhance the effectiveness of EOR processes, leading to improved sweep efficiency and decreased fluid viscosity.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“United States Naphthalene Derivatives Market By Derivative (Sulphonated Naphthalene Formaldehyde (SNF), Phthalic Anhydride, Alkyl Naphthalene Sulphonated Salts (ANS), Naphthalene Sulphonic Acids, Others), By End User (Textiles, Construction, Pharmaceutical, Paints & Coatings, Oil & Gas, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of United States 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 United States Naphthalene Derivatives Market.

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