Market Size of Naphthalene Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Naphthalene Market Analysis
During the time frame of the forecast, the naphthalene market is expected to register a CAGR of more than 3%.In 2020, COVID-19 had a detrimental effect on the market.However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- During the forecast period, the demand for naphthalene is likely to rise due to its growing use in the textile industry.
- On the other hand, stringent environmental regulations regarding VOC emissions are expected to hinder market growth during the forecast period.
- Furthermore, new applications of naphthalene in the construction sector are anticipated to act as a market opportunity in the coming years.
- Asia-Pacific dominated the global market, with the largest consumption in countries such as India, China, etc.
