Naphthalene Derivatives Market Report

Naphthalene Derivatives Market Insights

Naphthalene derivatives market is likely to witness an impressive CAGR of 4.0% during the forecast period. 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 majorly used in agro chemicals, textiles and construction industries because of their odorless nature coupled with low volatility. In addition, expanding construction industry and textile industry 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 textile, 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).

Market Share Analysis

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Naphthalene Derivatives Market Share: By Form Type

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.

Naphthalene Derivatives Market Share: By End-Use Industry Type

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.

Naphthalene Derivatives Market Share: By Region

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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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.

Market Scope & Segmentation

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 scarcity of coal and with technology advancement petroleum was used as raw material for naphthalene derivatives production using the alkylation technique. Out of all naphthalene derivatives, the phthalic anhydride is widely used in construction, textile and other manufacturing industries. The variety in naphthalene derivative compounds with variable chemical and physical properties makes them suitable for various industrial applications.

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.

The naphthalene derivatives market is segmented into the following categories. 

Naphthalene Derivatives Market Size, Share, & Forecast, 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)

Naphthalene Derivatives Market Size, Share, & Forecast, by Product Type:

• Sulphonated Naphthalene Formaldehyde (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Phthalic Anhydride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Naphthalene Sulphonic Acid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Naphthols (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Alkyl Naphthalene Sulphonates Salts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Naphthalene Derivatives Market Size, Share, & Forecast, by Source Type:

• Coal Tar (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Petroleum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Naphthalene Derivatives Market Size, Share, & Forecast, by End-Use Industry Type:

• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Agro-Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Textiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pulp & Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Naphthalene Derivatives Market Size, Share, & Forecast, 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)

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report 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 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the form types by end-use industry type.  

Competitive Benchmarking

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

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.