Global Naphthalene Derivatives Market Set to Reach $2.29 Billion by 2030
Summary:
The Global Naphthalene Derivatives Market, valued at $1.81 billion in 2023, is projected to grow to $2.29 billion by 2030, driven by a CAGR of 3.37% during the forecast period. This market growth is attributed to emerging opportunities in various industries such as construction, textiles, and pharmaceuticals.
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Global Naphthalene Derivatives Market Size:
The Global Naphthalene Derivatives Market was valued at $1.81 billion in 2023 and is expected to reach $2.29 billion by 2030, expanding at a compound annual growth rate (CAGR) of 3.37% during the forecast period.
Overview:
Naphthalene derivatives are crucial chemical intermediates used in various industries, including textiles, construction, and pharmaceuticals. Their extensive application in these sectors is a significant driver of market growth. The increased demand for construction chemicals and textile processing agents is particularly noteworthy, as these industries are witnessing robust growth globally.
Market Scope:
This press release provides a comprehensive analysis of the Global Naphthalene Derivatives Market, covering recent developments, trade regulations, and the impact of domestic market players. The study also delves into market share, production analysis, value chain optimization, and market dynamics, offering valuable insights for stakeholders.
Market Dynamics:
The growth of the Global Naphthalene Derivatives Market is fueled by the increasing demand in the construction and textile industries. The market is expected to see further expansion due to the rising need for efficient and sustainable chemical solutions. However, challenges such as fluctuating raw material prices and stringent environmental regulations may restrain market growth.
Segmentation:
- By Source:
- Coal Tar
- Petroleum
- Others
- By Form:
- Liquid
- Powder
- By Derivative:
- Phthalic Anhydride
- Naphthalene Sulfonic Acid
- Naphthols
- Sulfonated Naphthalene Formaldehyde
- Alkyl Naphthalene Sulfonate Salts
- Others
- By End-Use Industry:
- Textile
- Oil & Gas
- Paints & Coatings
- Pulp & Paper
- Construction
- Agrochemicals
- Pharmaceutical
- Others
Major Manufacturers:
- Koppers
- Rütgers
- Cromogenia Units
- Evonik Industries
- BASF
- Huntsman
- Carbon Tech Group
- King Industries, Inc.
- Clariant
- JFE Chemical Corporation
- Industrial Química Del Nalón Sa
- Iwaki Seiyaku Co., Ltd.
- Merck Millipore
- Akzonobel
- Manish Minerals & Chemicals
- Chemsons Industrial Corporation
- Shandong Wanshan Chemical
- Trisha Speciality Chemical Pvt. Ltd
- PCC SE
- Epsilon Carbon
- GEO Specialty Chemicals, Inc.
- Deza A.S.
- Shandong Jufu Chemical Technology Co., Ltd
Regional Analysis:
The report covers key regions such as North America, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific, led by China and India, is expected to dominate the market due to the rapid growth of the construction and textile industries in these regions. Europe and North America are also significant markets, driven by advancements in pharmaceutical and chemical industries.
COVID-19 Impact Analysis:
The COVID-19 pandemic significantly impacted the Global Naphthalene Derivatives Market, leading to disruptions in supply chains and reduced production capacity. However, the market is expected to recover as industries resume operations and demand rebounds, especially in construction and pharmaceuticals.
Key Questions Answered:
- What are the major factors driving the Global Naphthalene Derivatives Market?
- How has the COVID-19 pandemic affected the market?
- Which regions are expected to dominate the market?
- What are the key challenges facing the market?
- Who are the major players in the market?
Table of Contents:
- Introduction
- Global Naphthalene Derivatives Market Overview
- Market Dynamics
- Market Segmentation
- Regional Analysis
- COVID-19 Impact Analysis
- Competitive Landscape
- Key Questions Answered
- Conclusion
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