Global Naphthalene Derivatives Market size was valued at USD 1.53 Billion in 2019 and is expected to reach USD 2.25 Billion by 2027, at a CAGR of 4.11%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Naphthalene derivatives have wide applications as intermediates across different industries such as agriculture, pharmaceuticals, textile chemicals and construction drives the growth of naphthalene derivative market. The speedy growth of the textile industry has a positive impact on naphthalene derivative market.
Naphthalene derivatives market Based on derivative, sulfonated naphthalene formaldehyde was the biggest sub-segment of the naphthalene derivatives market in 2017. The huge market size of sulfonated naphthalene formaldehyde can be attributed because of its use as a superplasticizer within concrete mixtures in the construction sector. Sulfonated naphthalene formaldehyde is quite cost-effective as compared to other superplasticizers such as modified lignosulfonate and sulfonated melamine formaldehyde along with being highly durable with great strength.
Based on end-use industry, construction formed the largest segment of the naphthalene derivatives market. Naphthalene derivatives such as sulfonated naphthalene formaldehyde and anhydride are used in the manufacturing of PVC plastics and also used as superplasticizers in the construction sector.
The Asia Pacific formed the largest market for naphthalene derivatives in 2017. Availability of cheap labor, competitive cost base flourishing manufacturing sector and increasing consumer demand are a few key factors that are expected to drive the naphthalene derivatives market in the Asia Pacific region. Furthermore, the impact of macroeconomic stimuli such as increasing investments in construction & building activities in Southeast Asian countries is further expected to make the region one of the most promising naphthalene derivatives markets.
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Scope of the Report:
Naphthalene Derivatives Market, by Source:
• Coal Tar
Naphthalene Derivatives Market, by Form:
Naphthalene Derivatives Market, by Derivative:
• Phthalic Anhydride
• Naphthalene Sulfonic Acid
• Sulfonated Naphthalene Formaldehyde
• Alkyl Naphthalene Sulfonate Salts
Naphthalene Derivatives Market, by End-use Industry:
• Oil & Gas
• Paints & Coatings
• Pulp & Paper
• Agro chemicals
Naphthalene Derivatives Market, by Geography:
• Asia Pacific
• North America
• Middle East & Africa
• Latin America
Key Players Operating in the Naphthalene Derivatives Market:
• Koppers (US)
• BASF (Germany)
• Rütgers (Belgium)
• Evonik (Germany)
• Cromogenia Units (Spain)
• King Industries Inc. (US)
• Carbon Tech Group (Iran)
• JFE Chemical Corporation (Japan)
• Clariant (Switzerland)
• Huntsman Corporation (US)
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
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