Naphthalene Market - By Source, By Form (Refined Naphthalene, Alkyl Naphthalene, Naphthalene Solid), By Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides) & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Chemical | Format: Report available in PDF / Excel Format

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Naphthalene Market - By Source, By Form (Refined Naphthalene, Alkyl Naphthalene, Naphthalene Solid), By Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides) & Forecast, 2024 – 2032

Naphthalene Market Size

Naphthalene Market was valued at around USD 2.7 billion in 2023 and is anticipated to register a CAGR of over 3.3% between 2024 and 2032. Naphthalene is an aromatic hydrocarbon compound mainly derived from coal tar, a by-product of coke ovens and petroleum refineries. It is a white crystalline solid with a distinctive odor and is widely used in various industries due to its unique properties.

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The global market has witnessed steady growth in recent years, driven by the increasing demand from sectors such as construction, agriculture, and pharmaceuticals. Thus, the naphthalene industry growth is expected to attain a market value of over USD 3.6 billion by 2032.

One of the primary applications of naphthalene is in the construction industry, where it is used as a concrete additive and an insect repellent. Its ability to improve the workability and durability of concrete, as well as its insecticidal properties, has made it an essential component in construction materials. Additionally, naphthalene finds significant usage in the agriculture sector as a soil fumigant and an insecticide for protecting crops from pests and diseases.

Naphthalene Market Report Attributes
Report Attribute Details
Base Year 2023
Naphthalene Market Size in 2023 USD 2.7 Billion
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 3.3%
2032 Value Projection USD 3.6 Billion
Historical Data for 2018 – 2023
No. of Pages 300
Tables, Charts & Figures 250
Segments covered Source, Form, Application
Growth Drivers
  • Increasing demand from the construction industry
  • Rising usage in plasticizers and resins
  • Increased use in chemical intermediates
  • Development of high-purity naphthalene derivatives
Pitfalls & Challenges
  • Volatile raw material prices

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The pharmaceutical industry is another major consumer of naphthalene, leveraging its properties in the production of various drugs, including pain relievers, antiseptics, and antimalarial medications. Moreover, naphthalene is employed in the manufacturing of dyes, pigments, and other chemical intermediates, contributing to the growth of the market.

From a regional perspective, Asia-Pacific dominates the global naphthalene market, driven by the region's thriving construction and agricultural sectors. Countries like China and India are major consumers and producers of naphthalene, fueling the market's expansion. Europe and North America also contribute significantly to the demand for naphthalene, primarily due to their well-established pharmaceutical and chemical industries.

Where naphthalene comes from is mainly coal tar and petroleum, and these are things that can go up and down in price all the time. This is because of things like the economy being good or bad, countries fighting, and how much of these things people want. For example, if the price of oil changes, that affects how much petroleum-based naphthalene costs. And if there's more or less coal being made, that changes how much coal tar costs. When the prices of these raw materials are like a rollercoaster, the price of naphthalene can be all over the place too. This makes it hard for companies that make naphthalene to make a steady profit. Plus, when the prices of raw materials are so up and down, it can mess up the supply chain. This means things get delayed and cost more. Companies may find it tough to get enough raw materials at a fair price, which can throw off their production schedules and make it hard to keep up with what customers want.

Naphthalene Market Trends

One prominent trend is the increasing demand for high-purity naphthalene derivatives, particularly in advanced applications like pharmaceuticals and specialty chemicals. This shift is spurred by stringent regulatory standards and a growing emphasis on product quality and environmental sustainability. Another trend is the significant growth in the construction sector, particularly in emerging economies, where naphthalene sulfonates are extensively used as concrete admixtures to enhance performance and durability.

Moreover, the textile industry's expansion, especially in Asia-Pacific, is bolstering demand for naphthalene-based dyes and intermediates. The market is also seeing a move towards sustainable practices, with companies investing in research to develop eco-friendly production methods and reduce the environmental impact of naphthalene manufacturing. Technological advancements are playing a crucial role in improving production efficiency and cost-effectiveness, further driving market growth.

Naphthalene Market Analysis

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Based on source, the market is divided into coal tar & petroleum. Coal tar held the dominant market share of USD 1.5 billion in 2023 and is expected to reach over USD 2 billion by 2032. This source continues to hold a significant market share due to its cost-effectiveness and established supply chains. Coal tar-derived naphthalene is extensively used in traditional applications such as the production of phthalic anhydride and concrete admixtures, particularly in regions with well-developed steel industries.

However, petroleum-derived naphthalene is gaining traction, especially in markets focused on high-purity requirements. The production of naphthalene from petroleum sources involves refining processes that can yield higher purity levels, making it suitable for specialized applications in pharmaceuticals, electronics, and advanced chemical manufacturing. This segment is experiencing growth due to the increasing demand for high-quality naphthalene derivatives and advancements in refining technologies

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In the world of naphthalene, there are different types depending on their appearancerefined, alkyl, solid, and others. Refined naphthalene is the most popular, taking up more than half of the market in 2023. It's a solid superstar in making phthalic anhydride, a vital ingredient for things like making plastic softer, adding color to fabrics, and creating resins. Refined naphthalene's popularity stems from its high purity and reliability, making it a go-to for products that demand precision. Alkyl naphthalene is a smaller player but is making a name for itself thanks to its unique strengthsit's more soluble and stable, which makes it useful for specialized jobs. It's a favorite in making lubricants, cleaning products, and cutting-edge chemical formulas. As industries look for special compounds to create top-notch products, alkyl naphthalene's market share is on the rise.

Imagine a huge market, filled with different types of chemicals. We can break it down into categories based on how people use themMagic Dust for Plasticky ThingsPhthalic anhydride is this awesome stuff used to make plastics soft and flexible. It's like the secret ingredient in toys, car parts, and construction materials. Super-Spreading Agents Naphthalene sulfonates are like the superheroes of concrete. They help stir up the mix and make it stronger, so our buildings can stand tall and proud. Low-Key SolventsLow-volatility solvents are kind of the quiet achievers. They're the solvents that don't want to evaporate, making them perfect for paints and stuff. Bug-Busters Moth repellent and pesticides do exactly what they say on the tin. They keep bugs away from our clothes and crops. Other Cool Chemicals And there's a whole bunch of other chemicals in this market too, all doing different jobs in different industries. In 2023, the "Magic Dust for Plasticky Things" group was the kingpin, and it's expected to keep growing until 2032. That's because it's used to make a wide range of important things, like those flexible toys and sturdy car parts we mentioned before. It's also used in construction and textiles. The "Super-Spreading Agents" come in second place. They're essential for making our concrete structures stronger and our roads smoother. And with all the building going on in new countries, this segment is booming.

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In 2023, the Asia Pacific region ruled the worldwide market for naphthalene, bringing in a cool USD 1.16 billion. Among the pack, China stood out with the largest piece of the naphthalene pie. This is no surprise considering its massive building boom, huge chemical production facilities, and major output of phthalic anhydride. China's thriving industries and ongoing infrastructure projects make it a solid leader in this market. India isn't too far behind, playing a key role in the Asia Pacific naphthalene scene. Its construction sector is ramping up, driving up the need for naphthalene-based products. But that's not all. India's love for automobiles and textiles is also adding to the demand for naphthalene-based products.

Naphthalene Market Share

The naphthalene industry presents a competitive landscape characterized by a mix of prominent multinational corporations and specialized regional players, indicating a moderately fragmented market. Leading companies such as JFE Chemical Corporation, ExxonMobil Chemical, and Himadri Specialty Chemical Ltd. command significant market share due to their extensive production capacities, advanced technologies, and broad distribution networks. These companies benefit from economies of scale and robust research and development capabilities, enabling them to offer high-purity naphthalene derivatives for diverse industrial applications.

ExxonMobil Chemical and Himadri Specialty Chemical Ltd., in particular, leverage their strong presence in the global chemical industry to maintain competitive advantages through continuous innovation and strategic expansions. Similarly, JFE Chemical Corporation capitalizes on its integrated production processes and strong foothold in Asia.

Imagine a marketplace teeming with businesses like CDH Fine Chemical and Atom Scientific, each carving out their own cozy corner. They're experts in making super-pure, fancy naphthalene stuff, perfect for picky industries like medicine and fancy chemicals. Other players like Deza, King Industries, and PCC Group are like the spice rack of the market. They bring unique flavors with their specialized products and connections in different parts of the world. China Steel Chemical, Dong-Suh Chemical, Tulstar Products, and Rain Carbon are the regional champs, especially in Asia. They're like the kings of the block, ruling the market with their local know-how and loyal customers. And let's not forget Koppers and Rain Carbon. They're the giants stalking North America, showing everyone who's boss in that neck of the woods. So you see, the naphthalene market is a lively mix of specialized players, regional powerhouses, and geographical spread. It's a competitive jungle where businesses battle it out for a slice of the pie.

Naphthalene Market Companies

Major players operating in the market include

  • Atom Scientific
  • CDH Fine Chemical
  • China Steel Chemical
  • Deza
  • Dong-Suh Chemical Ind. Co., Ltd.
  • ExxonMobil Chemical
  • Himadri Specialty Chemical Ltd.
  • JFE Chemical Corporation
  • King Industries
  • Koppers
  • PCC Group
  • Rain Carbon
  • Tulstar Products

Naphthalene Industry News

  • In July 2023, Kazuhito Tsukagoshi, Group Leader of the Thin Film Electronics Group, and a research team from Tokyo Institute of Technology's Chemistry Department successfully identified a single dimer of naphthalene molecules in a nano-gap structure.

The naphthalene market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments

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Market, By Source

  • Coal Tar
  • Petroleum

Market, By Form

  • Refined naphthalene
  • Alkyl naphthalene
  • Naphthalene solid
  • Other

Market, By Application

  • Phthalic Anhydride
  • Naphthalene Sulfonates
  • Low-Volatility Solvents
  • Moth Repellent
  • Pesticides
  • Other Applications (dyes, pigments)

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Technology & innovation landscape

3.3    Regulatory landscape

3.4    Industry impact forces

3.4.1    Growth drivers

3.4.1.1    Increasing demand from the construction industry

3.4.1.2    Rising usage in plasticizers and resins

3.4.1.3    Increased use in chemical intermediates

3.4.1.4    Development of high-purity naphthalene derivatives

3.4.2    Industry pitfalls & challenges

3.4.2.1    Volatile raw material prices

3.5    Growth potential analysis

3.6    Porter’s analysis

3.6.1    Supplier power

3.6.2    Buyer power

3.6.3    Threat of new entrants

3.6.4    Threat of substitutes

3.6.5    Industry rivalry

3.7    PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Company market share analysis

4.2    Competitive positioning matrix

4.3    Strategic outlook matrix

Chapter 5   Market Size and Forecast, By Source, 2018-2032 (USD Billion, Kilo Tons)

5.1    Key trends

5.2    Coal tar

5.3    Petroleum

Chapter 6   Market Size and Forecast, By Form, 2018-2032 (USD Billion, Kilo Tons)

6.1    Key trends

6.2    Refined naphthalene

6.3    Alkyl naphthalene

6.4    Naphthalene solid

6.5    Other

Chapter 7   Market Size and Forecast, By Application, 2018-2032 (USD Billion, Kilo Tons)

7.1    Key trends

7.2    Phthalic anhydride

7.3    Naphthalene sulfonates

7.4    Low-Volatility solvents

7.5    Moth repellent

7.6    Pesticides

7.7    Other applications (dyes, pigment)

Chapter 8   Market Size and Forecast, By Region, 2018-2032 (USD Billion, Kilo Tons)

8.1    Key trends

8.2    North America

8.2.1    U.S.

8.2.2    Canada

8.3    Europe

8.3.1    Germany

8.3.2    UK

8.3.3    France

8.3.4    Italy

8.3.5    Spain

8.3.6    Rest of Europe

8.4    Asia Pacific

8.4.1    China

8.4.2    India

8.4.3    Japan

8.4.4    South Korea

8.4.5    Australia

8.4.6    Rest of Asia Pacific

8.5    Latin America

8.5.1    Brazil

8.5.2    Mexico

8.5.3    Argentina

8.5.4    Rest of Latin America

8.6    MEA

8.6.1    Saudi Arabia

8.6.2    UAE

8.6.3    South Africa

8.6.4    Rest of UAE

Chapter 9   Company Profiles

9.1    Atom Scientific

9.2    CDH Fine Chemical

9.3    China Steel Chemical

9.4    Deza

9.5    Dong-Suh Chemical Ind. Co., Ltd.

9.6    ExxonMobil Chemical

9.7    Himadri Specialty Chemical Ltd.

9.8    JFE Chemical Corporation

9.9    King Industries

9.10    Koppers

9.11    PCC Group

9.12    Rain Carbon

9.13    Tulstar Products
 

  • Atom Scientific
  • CDH Fine Chemical
  • China Steel Chemical
  • Deza
  • Dong-Suh Chemical Ind. Co., Ltd.
  • ExxonMobil Chemical
  • Himadri Specialty Chemical Ltd.
  • JFE Chemical Corporation
  • King Industries
  • Koppers
  • PCC Group
  • Rain Carbon
  • Tulstar Products

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