Naphthalene Market Sales Strategy, Revenue Generation |Top 10 Key Players & Fore

Posted by Priya on November 9th, 2018

Naphthalene Market Overview to 2023

The global naphthalene market is categorized into five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific region is predicted to grow with the fastest CAGR during the review period, (2018 to 2023) on account of expansion of numerous end use industries such as building & construction and agriculture among others. The demand for naphthalene is estimated to surge in the developing countries of Asia Pacific such as China, India, Japan, and Malaysia due to approval of large scale residential, commercial, as well as industrial construction projects. Furthermore, ease of availability of raw material, inexpensive labor cost, and rising development strategies to fulfil the demand for naphthalene in the rising applications are the important factors for the regional market growth.

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Top 10 Key Players

Some of the prominent players operating in the naphthalene market are Koppers Inc. (U.S.), RÜTGERS N.V. (Germany), Merck KGaA (Germany), Industrial Química del Nalón S.A. (Spain), PCC Rokita SA (Poland), Carbon Tech & Sepahan Chimie complex (Iran), DEZA a. s. (Czech Republic), SAIL (India), WUXI KINGHAN BIO-MEDICAL&CHEMICAL INC (China), Compro Shijiazhuang Fine Chemical Co (China), among others.

Market Overview:

Naphthalene is a class of an organic compound with chemical formula C10H8. It is considered as the simplest polycyclic aromatic hydrocarbon, and is a white solid chemical that sublimes easily. Naphthalene is manufactured commercially from either coal tar or petroleum, majorly it is produced from coal tar across the globe. Naphthalene is used in the manufacturing of phthalic anhydride and also used in mothballs. Additionally, it is used as surfactant & wetting agent, plasticizer, and pesticide in numerous end use industries such as building & construction, agriculture, household cleaning, textile and others.

Geographical Analysis: 

The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. As per our analysis, some of the important market factors and trends identified in the global naphthalene market include technological advancement, growing urbanization, and superior growth of construction sector. Rising usage in agricultural activities along with the increasing demand for high quality crop production is expected to drive the growth of the market over the forecast period. Furthermore, increase in the consumption of insecticide on account of increasing awareness among farmers related to the effects of insecticide on crop yield is predicted to propel the growth of the market. Moreover, the growing use of o-xylene, instead of naphthalene, for phthalic anhydride production might hamper the market growth during the review period. Moreover, the material is based on renewable resource which is depleting day by day and expected to hinder the market growth.

Intended Audience

• Naphthalene manufacturers
• Traders and Distributors of naphthalene
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory 

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Regional Analysis:

Asia Pacific emerged as the largest market for naphthalene followed by Europe and North America. North America is estimated to witness a significant growth in naphthalene market on account of recovery of industrial sector combined with escalating investments to revitalize textile industry. North American countries such as the U.S. and Canada are among the major contributors in the regional market growth and are predicted to see a significant regional market growth due to continuous expansion of healthcare sector. While in Europe, countries such as Russia, France, Italy, Germany, and U.K have emerged as prominent consumer markets on account of developed end use industries and increasing expenditure on R&D and innovation. Latin American countries such as Mexico, Brazil, and Colombia are also predicted to witness moderate growth with the involvement of new business models.