[Online Quarterly Update] Global Naphthalene demand stood at 321.13 Million Tonnes in 2020 and is forecast to reach 442.76 Million Tonnes by 2030, growing at a healthy CAGR of 3.35% until 2030.
Global naphthalene demand is projected to grow at a healthy CAGR of 3.35%. Naphthalene is a white crystalline volatile solid which is obtained from either coal tar or petroleum distillation. It is aromatic in nature. It has application in the manufacturing of several chemicals including phthalic anhydride, naphthalene sulfonates, low volatility solvents, moth repellent, and pesticides. Naphthalene is in high demand from the construction industry and is majorly used to make chemicals and agrochemicals. Growing consumption of naphthalene sulfonate formaldehyde in construction as plasticizer of various concrete admixtures coupled with the growth of other application areas including phthalic anhydride, low volatility solvents, etc. is expected to drive the demand for naphthalene during the forecast period. Additionally, the use of naphthalene derivatives in textile dyeing is also going to push the demand for naphthalene during the forecast period. Various government regulations regarding the volatile organic compound (VOC) emissions are expected to hamper the demand growth during the forecast period. Various end-user industries for naphthalene are agriculture, building and construction, textile, chemical, polymer, pharmaceutical, etc.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction and agriculture were among the most affected industries during the pandemic. Manufacturing units were temporarily shut down and disruption in the supply chain was observed. This led to putting adverse impact on the demand for naphthalene for the first half of 2020.
Region-wise, the Asia-pacific region holds the major share of global demand for naphthalene due to the increasing demand of application industries such as construction and agriculture. Surge in population and rise in per capita income in emerging economies like India and China coupled with the growing number of products using naphthalene derivatives is contributing factor influencing the growth of naphthalene market in the Asia Pacific region.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of naphthalene which covers production, demand and supply of naphthalene market globally.
• To analyse and forecast the market size of naphthalene .
• To classify and forecast global naphthalene market based on technology, end-use and regional distribution.
• To identify drivers and challenges for global naphthalene market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global naphthalene market.
• To identify and analyse the profile of leading players involved in the manufacturing of naphthalene.
Major players for naphthalene globally include CarbonTech Group, Deza A.S., Epsilon Carbon, Gautam Zen International, Exxon Mobil Corporation, Industrial Quimica del Nalon SA, Koppers Inc., JFE Chemical Corporation, Koppers Inc., PCC Rokita SA, Rain Carbon Inc., Wuxi Kingchan Bio-medical and Chemical Inc., BASF SE, Wuxi Kinghan Bio Medical & Chemical Inc.
To extract data for global naphthalene market, primary research surveys were conducted with naphthalene manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global naphthalene market over the coming years.
ChemAnalyst calculated naphthalene demand globally by analyzing the historical data and demand forecast which was carried out considering imported naphthalene, prices, materials used for production of naphthalene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Naphthalene manufacturers and other stakeholders
• Organizations, forums and alliances related to naphthalene distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as naphthalene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global naphthalene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by End -Use
Agriculture, Building and Construction, Textile, Chemical, Polymer, Pharmaceutical
Market, by Application
Phthalic Anhydride, Naphthalene Sulfonates, Low Volatility Solvents, Moth Repellent, and Pesticides
Market, by Sales Channel
Channel-Direct/Institutional Sales, Indirect Sales
Market, by Region
North America, APAC, Europe, MEA, South America
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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