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Naphthalene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Source (Coal Tar and Petroleum), Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

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Market Snapshot

Naphthalene Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %

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Market Overview

The market for naphthalene is expected to register a CAGR of over 3% during the forecast period. One of the key factors driving the market is the growing use of NSF (Naphthalene Sulfonate Formaldehyde) in concrete admixtures. However, the stringent regulations regarding VOC emissions are likely to restrain the market during the forecast period.

  • The increasing application in the textile industry is also likely to boost the demand for naphthalene during the forecast period.
  • New applications in the construction sector is likely to provide an opportunity for market growth in the future.
  • Asia-Pacific is likely to dominate the market during the forecast period.

Scope of the Report

The naphthalene market report includes:

Source
Coal Tar
Petroleum
Application
Phthalic Anhydride
Naphthalene Sulfonates
Low-Volatility Solvents
Moth Repellent
Pesticides
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Naphthalene Sulfonates to be the Major Application

  • One of the major applications of naphthalene is in the preparation of naphthalene sulfonates which have a variety of applications, owing to their wetting and dispersing properties.
  • They are used in the production of surfactants that are used in a variety of personal care products.
  • Naphthalene sulfonates are used in preparation of naphthalene sulphonated formaldehyde (NSF) which is used in polymer-concrete admixtures to neutralize the surface charge on cement particles in enhancing water tied up in the cement agglomerations, and thereafter, in reducing the viscosity of the paste and concrete.
  • China is one of the largest markets for naphthalene sulfonates whereas Europe has shown significant growth in the demand for naphthalene sulfonates.
  • Overall, naphthalene sulfonate is likely to continue dominating the market during the forecast period.
Naphthalene Market - Segmentation Trends

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Asia-Pacific to Dominate the Market

  • Asia-Pacific dominated the naphthalene market in 2018, owing to the high demand from countries like China and India.
  • The growing construction and agriculture industries of the Asian countries like China and India are some of the crucial factors that are driving the market growth in the region.
  • The approval of large construction projects, especially in India, China, and Japan is expected to drive the market for naphthalene in the region.
  • The construction industry of the ASEAN countries is also growing at a significant rate, owing to increasing investments by both the public and private sectors.
  • Hence, Asia-Pacific is likely to continue dominating the market during the forecast period owing to the aforementioned reasons.
Naphthalene Market - Regional Trends

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Competitive Landscape

The market for naphthalene is moderately consolidated. Some of the key players of the market include CarbonTech Group, Rain Carbon Inc., JFE Chemical Corporation, Exxon Mobil Corporation, and Epsilon Carbon, among others.

Naphthalene Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Use as NSF in Concrete Admixtures

      2. 4.1.2 Growing Use in Textile Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations regarding VOC emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Source

      1. 5.1.1 Coal Tar

      2. 5.1.2 Petroleum

    2. 5.2 Application

      1. 5.2.1 Phthalic Anhydride

      2. 5.2.2 Naphthalene Sulfonates

      3. 5.2.3 Low-Volatility Solvents

      4. 5.2.4 Moth Repellent

      5. 5.2.5 Pesticides

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 France

        3. 5.3.3.3 United Kingdom

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of the Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Bengal Chemicals & Pharmaceuticals Ltd.

      2. 6.4.2 CarbonTech Group

      3. 6.4.3 Compro Shijiazhuang Fine Chemical Co. Ltd

      4. 6.4.4 DEZA a.s

      5. 6.4.5 Epsilon Carbon

      6. 6.4.6 Exxon Mobil Corporation

      7. 6.4.7 Gautam Zen International

      8. 6.4.8 Industrial Quimica del Nalon SA

      9. 6.4.9 JFE Chemical Corporation

      10. 6.4.10 Koppers Inc.

      11. 6.4.11 Merck KGaA

      12. 6.4.12 PCC Rokita SA

      13. 6.4.13 Rain Carbon Inc.

      14. 6.4.14 Tulstar Products Inc.

      15. 6.4.15 Wuxi Kingchan Bio-medical and Chemical Inc.

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 New Applications in the Construction Sector

**Subject to Availability

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Frequently Asked Questions

The Naphthalene Market market is studied from 2016 - 2026.

The Naphthalene Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

CarbonTech Group, Rain Carbon Inc., JFE Chemical Corporation, Epsilon Carbon, Exxon Mobil Corporation are the major companies operating in Naphthalene Market.

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