[Online Quarterly Update] 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. Naphthalene is a white, crystalline, aromatic, volatile solid which is obtained from either coal tar or petroleum distillation. It is used 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 surging demand for other derivatives 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 several industries. Manufacturing units were temporarily shut down and disruption in the supply chain was observed. The construction sector is among the most affected industries during the pandemic that put an adverse impact on the demand for Naphthalene for the first half of 2020. However, the agriculture sector was minimally affected in the pandemic and a constant demand for Naphthalene was witnessed from the agriculture sector. Additionally in the latter half of 2020, after the resumption of the industrial activities and relaxation in lockdown, a speedy recovery was observed in the demand for Naphthalene from various end use industries. Growth in Construction, Agriculture, Chemicals, and Pharma sectors is expected to boost its market growth in the forecast period.
Region-wise, the Asia-pacific region holds the major share of demand for Naphthalene globally due to the increasing demand from end-use industries such as construction and agriculture. The surging population and rise in per capita income in emerging economies like India and China coupled with the growing number of products using Naphthalene derivatives are the contributing factors influencing the growth of the Naphthalene market in the Asia Pacific region.
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.
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.
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.
Report Scope:
In this report, global Naphthalene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume in 2020
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321.13 million Tonnes
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Market size volume in 2030
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442.76 million Tonnes
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Growth Rate
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CAGR of 3.35% from 2021 to 2030
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Base year for estimation
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2020
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Historic Data
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2015 – 2019
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Forecast period
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2022 – 2030
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Quantitative units
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Demand in tons and CAGR from 2021 to 2030
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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1. End-Use: (Agriculture, Building and Construction, Textile, Chemical, Polymer, Pharmaceutical)
2. Application: (Phthalic Anhydride, Naphthalene Sulfonates, Low Volatility Solvents, Moth Repellent, and Pesticides)
3. Sales Channel: (Channel-Direct/Institutional Sales, Indirect Sales)
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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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.
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research team at
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