Naphthalene Market Size to Grow by 266.26 th tons through 2021-2025

The naphthalene market is expected to grow by 266.26 th tons, accelerating at a CAGR of almost 3% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report

Naphthalene Market: Segmentation by Application

This report provides a detailed analysis of the market by Application (Naphthalene sulfonates, Phthalic anhydride, and Others) and Geography (APAC, Europe, North America, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Naphthalene Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. C-Chem Co. Ltd., China Steel Chemical Corp., DEZA AS, Himadri Speciality Chemical Ltd., JFE Holdings Inc., Koppers Inc., PCC SE, Puyang Shenghong Chemical Co. Ltd. , Rain Carbon Inc., and Rain Industries Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Technavio has been monitoring the global naphthalene market and it is expected to grow by 266.26 th tons progressing at a CAGR of about 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

APAC to lead market growth during the forecast period

• 84% of the market growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for naphthalene in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
• The presence of several constructions, agriculture, and textile industries will facilitate the naphthalene market growth in APAC over the forecast period. 
• Naphthalene is increasingly being  used to produce chemical intermediates including naphthalene sulfonates, phthalic anhydride, alkylated naphthalene solvents, and azo dyes. These intermediates are used to produce various drugs which are mostly utilized in the prevention of microbial infections.
• Factors such as the increase in the number of construction projects, rapid urbanization, and new highway projects result in high adoption of concrete. This is increasing the demand for naphthalene as it is used as a superplasticizer to produce high-strength concrete.

Naphthalene Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. C-Chem Co. Ltd., China Steel Chemical Corp., DEZA AS, Himadri Speciality Chemical Ltd., JFE Holdings Inc., Koppers Inc., PCC SE, Puyang Shenghong Chemical Co. Ltd. , Rain Carbon Inc., and Rain Industries Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report 

Naphthalene Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive Naphthalene Market growth during the next five years
• Precise estimation of the naphthalene market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the insecticides industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Naphthalene market vendors