Technavio analyzes that the Sodium Naphthalene Sulphonate Formaldehyde Market is expected to grow at a CAGR of 4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 313.6 million.There are various factors that contribute to the growth of the market. Sodium Naphthalene Sulphonate Formaldehde (SNF) is a highly effective chemical compound in various industries. This organic compound, formed by the reaction of formaldehyde with sodium naphthalene sulphonate, exhibits superior properties in terms of reactivity and stability. SNF is widely used as a formaldehyde donor in resins, coatings, and adhesives due to its ability to release formaldehyde slowly and consistently over time. Its unique characteristics make it an indispensable ingredient in numerous applications, including automotive, construction, and electronics industries. SNF's efficacy and versatility have established it as a preferred choice for manufacturers seeking reliable and high-performing formaldehyde-based products.
The sodium naphthalene sulphonate formaldehyde powder segment is experiencing notable growth in the global market. This expansion is driven by its superior cost-to-performance ratio compared to liquid forms, making it a preferred choice in various industries, especially the construction sector. In concrete production, this powder is utilized as a superplasticizer, enhancing workability and strength while reducing water consumption by 12-25%. This characteristic is essential for producing high-strength concrete with lower permeability, a demand that increases alongside the rising output of the global construction industry. Key industries utilizing this product include pharmaceuticals, paints & coatings, synthetic dyes, pigments, and cereals. The construction sector's growth, driven by the need for efficient concrete mixtures, is expected to significantly increase during the forecast period.
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Sodium Naphthalene Sulphonate Formaldehyde Market Segmentation
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The Naphthalene Sulfonate market encompasses the production, distribution, and use of Naphthalene Sulfonate Salts and Naphthalene Sulfonate Surfactants. These compounds are integral to the concrete industry as high-performance concrete additives. They enhance concrete properties such as flowability, workability, and rheology, contributing to self-consolidating concrete and concrete superplasticizer applications. Naphthalene Sulfonate Synthesis and Technology play a crucial role in their production, with Naphthalene Sulfonate Suppliers ensuring their availability. Concrete Design and Engineering benefit from these additives, improving concrete durability, strength, and slump control. Notably, 1-naphthyl-n-methylcarbamate (Carbaryl) is also a related compound used in the industry.
The global commodity chemicals market encompasses businesses specializing in the production of industrial and fundamental chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably excluded are chemical companies producing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, key growth drivers for the commodity chemicals market include the expanding demand for plastic packaging. As plastic is the predominantly utilized material in the global packaging sector, the increasing preference for lightweight, corrosion-resistant materials has instigated continuous innovation, subsequently influencing the application of chemicals in the manufacturing process of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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