Naphthalene Derivatives Market Analysis | 2020-2025

Market Insights

"The global naphthalene derivatives market is likely to witness an impressive CAGR of 4.0% during the forecast period."

Naphthalene derivatives are mainly manufactured from coal tar and petroleum by using destructive distillation or carbonization process. The compounds were initially obtained by using coal as the raw material, later due to the scarcity of coal and with technology advancement petroleum was used as the raw material for naphthalene derivatives production using the alkylation technique. Out of all naphthalene derivatives, phthalic anhydride is widely used in construction, textiles, and other manufacturing industries. The variety of naphthalene derivative compounds with variable chemical and physical properties makes them suitable for various industrial applications.

The prime factor that is contributing to the demand for naphthalene derivatives is mainly the increasing usage of these derivatives for industrial applications. They are primarily used in agrochemicals, textiles, and construction industries because of their odorless nature coupled with low volatility. In addition, expanding the construction and textile industries, along with increasing naphthalene derivative applications in production facilities across various industries such as chemicals, pharmaceuticals, paints and coatings, and others, are some major driving factors that are contributing to the growth of the naphthalene derivatives market.

Naphthalene derivatives have a wide range of applications, they are mainly used as chemical intermediates in industries such as textiles, pharmaceuticals, rubber, photography, agrochemicals, detergents, and construction. Naphthalene derivatives are used in the process of dyeing in the textile industry. The insecticidal properties of naphthalene derivatives make them useful compounds in the agriculture sector, naphthalene derivatives also function as plasticizers or dispensers that are used for manufacturing good-quality concrete and plasterboards (i.e., drywall or wallboard).

Segment Analysis

Form Insights

"The powdered form segment accounted for the largest market share."

Based on the form type, the naphthalene derivatives market is segmented as liquid and powder. The powdered form of naphthalene derivatives is majorly used in the market. Packaging, organization, and shipment of powdered naphthalene derivatives is easier than that of the liquid form. This is a key factor behind the demand for powdered naphthalene derivatives in the global market.

End-Use Industry Insights

"The construction segment accounted for the largest market share."

Based on the end-use industry type, the market is segmented as construction, agro-chemicals, textiles, oil & gas, paints & coatings, pulp & paper, pharmaceuticals, and others. The construction segment dominates the market, as naphthalene derivatives are mainly used in the manufacturing of PVC plastics, and they are also used as superplasticizers in the construction sector.

Regional Trends

"Asia-Pacific accounted for the largest market share."

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing naphthalene derivatives market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. High demand for naphthalene derivatives from various industries and increasing industrialization in emerging economies such as China and India are the growth drivers of the market. Availability of cheap labor, competitive cost base flourishing manufacturing sector and increasing consumer demand are some key factors that are expected to strengthen the demand for naphthalene derivatives in the Asia-Pacific’s market. Furthermore, macroeconomic stimuli impact such as increasing investments in construction & building activities in the major economies of the region is further expected to make the region one of the most promising naphthalene derivatives markets.

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Key Players

Some of the major naphthalene derivative manufacturers are:

• BASF SE
• Carbon Tech Group
• Clariant AG
• Koppers Inc.
• Cromogenia Units S.A.
• Evonik Industries AG
• Huntsman Corporation
• JFE Chemical Corporation
• King Industries Inc.
• Rain Carbon Inc.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The naphthalene derivatives market is segmented into the following categories:

By Form Type:

• Liquid Naphthalene Derivatives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Powder Naphthalene Derivatives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Product Type:

• Sulphonated Naphthalene Formaldehyde
• Phthalic Anhydride
• Naphthalene Sulphonic Acid
• Naphthols
• Alkyl Naphthalene Sulphonate Salts
• Others

By Source Type:

• Coal Tar
• Petroleum
• Others

By End-Use Industry Type:

• Construction
• Agro-Chemicals
• Textiles
• Oil & Gas
• Paints & Coatings
• Pulp & Paper
• Pharmaceuticals
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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