Naphthalene Market to Grow with a CAGR of 3.23% through 2030
Surge in research and development activities is
expected to drive the Global Naphthalene Market growth in the forecast period,
2026-2030.
According to TechSci Research report, “Naphthalene Market
- Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F”, the Global Naphthalene Market stood at USD 1856.00
Million in 2024 and is anticipated to grow with a CAGR of 3.23% through 2030. Initiatives
taken by government based on naphthalene has led to favorable market conditions
for the Global Naphthalene Market. Several factors contribute to the growth of
various naphthalene products.
One key area where R&D is making a substantial
impact is in the development of naphthalene-based superplasticizers for the
construction industry. The growing need for high-performance concrete, which is
durable, sustainable, and cost-effective, has prompted extensive research into
the optimization of naphthalene sulfonate-based admixtures. These innovations
are crucial for meeting the demands of large-scale infrastructure projects,
particularly in emerging markets where urbanization is rapidly increasing. By
enhancing the workability and strength of concrete, naphthalene-based products
are becoming indispensable in construction, fueling further demand within the
market.
Governments globally are increasingly focusing on reducing the environmental impact of industrial chemicals, including naphthalene. Regulatory bodies such as the U.S. Environmental Protection Agency (EPA) and the European Union’s REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) program have implemented stringent standards on the use and disposal of naphthalene. These regulations aim to mitigate the harmful effects of volatile organic compounds (VOCs) and other pollutants produced during the manufacturing and use of naphthalene derivatives. As a result, manufacturers are encouraged to adopt greener technologies and develop naphthalene-based products that align with sustainable practices. This shift is driving innovation in the market, with governments incentivizing the development of eco-friendly alternatives and cleaner production processes.
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The Global Naphthalene Market is segmented into sales
channel, end use, regional distribution, and company.
Based on Sales Channel, Indirect have
emerged as the dominating segment in the Global Naphthalene Market in 2024. One
of the primary factors contributing to the dominance of the indirect segment is
its ability to leverage extensive distribution networks. Intermediaries have
well-established infrastructures that facilitate the efficient movement of
Naphthalene from manufacturers to end-users in various industries, including
agriculture, chemicals, textiles, and petrochemicals. These intermediaries
ensure that Naphthalene is accessible to customers across multiple regions,
including both developed and emerging markets. This broad geographic reach is
vital in meeting the needs of diverse customer bases, particularly in
industries like agriculture, where timely and widespread access to pest control
and fumigation products is crucial.
Based on Region, North America have emerged as the fastest
growing region in the Global Naphthalene Market in 2024. North America has seen
significant growth in industries such as textiles, plastics, automotive, and
printing, all of which are key consumers of naphthalene. As demand for
synthetic dyes, plasticizers, and other chemical products continues to rise,
the consumption of naphthalene has increased correspondingly. This is
particularly evident in the textile industry, where synthetic dyes derived from
naphthalene are in high demand for their durability, vivid color, and
cost-effectiveness.
Major companies operating in Global Naphthalene Market
are:
- Koppers Inc.
- Fangda Carbon New Material Co., Ltd.
- Industrial Química del Nalón S.A
- DEZA a. s.
- Rain Carbon Inc.
- Himadri Specialty Chemical Ltd.
- JFE Chemical Corporation
- Epsilon Carbon Private Limited
- Pingdingshan Aosida Technology Co Ltd
- Kedia Carbon Private Ltd
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“In the textile industry, nanotechnology is being
integrated into the use of naphthalene derivatives, such as naphthalene
sulfonic acid, to enhance dyeing processes. By incorporating nano-sized
particles, these products improve the stability and vibrancy of dyes, increase
the durability of fabrics, and reduce the amount of chemicals required in the
dyeing process. This not only enhances the quality of textiles but also aligns
with growing sustainability efforts by reducing environmental impact”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Naphthalene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Chemical Synthesis, Agriculture, Dye stuffs, Pharmaceuticals, Consumer Goods, Others), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Naphthalene 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 Global Naphthalene Market.
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