Categories: Market Research

Global Nephthalene Derivatives Market Size and Forecast 2024-2033|Rutgers Chemicals GmbH, BASF SE, Huntsman International LLC, Koppers Inc., Arkema SA

The Nephthalene Derivatives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Nephthalene Derivatives Global Market Report 2024, The nephthalene derivatives market size has grown strongly in recent years. It will grow from $9.05 billion in 2023 to $9.79 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to historical growth in chemical industry, expansion in dye and pigment industries, application in plasticizers and polymers, role in pesticides and agrochemicals, contributions to construction industry.

The nephthalene derivatives market size is expected to see strong growth in the next few years. It will grow to $13.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growth in textile dyeing industry, innovation in construction materials, increasing demand in electronics, rise in green chemistry initiatives, exploration in pharmaceutical applications.. Major trends in the forecast period include innovative solutions, strategic collaborations, focus on healthcare and pharmaceuticals, exploration in agrochemicals, emergence of high-performance polymers

The growing textile industry is expected to drive the naphthalene derivatives market going forward. The textile industry refers to the fields of research, design, development, production, and distribution of textiles, fabrics, and apparel. The market for naphthalene is growing as a result of rising living standards supported by high discretionary income, which translates to spending on fabrics and textiles where it is utilized in material dyeing and bleaching. For instance, in May 2023, according to National Council of Textile Organizations (NCTO) is a US-based trade association that representing textile industry, in 2022, the estimated value of U.S. shipments in the man-made fiber, textile, and apparel sector reached $65.8 billion, showing an increase from the $64.04 billion recorded in 2021. Notably, U.S. exports in textiles and apparel to the Western Hemisphere experienced a significant rise of 14.9 percent, reaching a total of $18 billion in 2022. Therefore, increasing demand from the textile industry drives the naphthalene derivatives market.

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The nephthalene derivatives market covered in this report is segmented –

1) By Product Type: Sulphonated Naphthalene Formaldehyde, Phthalic Anhydride, Naphthalene Sulphonic Acid,Naphthols,Alkyl Naphthalene Sulphonates Salts, Other Product Types

2) By Form Type: Liquid Naphthalene Derivatives, Powder Naphthalene Derivatives

3) By Source Type: Coal Tar, Petroleum, Other Source Types

4) By End-Use Industry Type: Construction, Agro-Chemicals, Textiles, Oil and Gas, Paints and Coatings, Pulp and Paper, Pharmaceuticals, Other End-Users

Technology advancement is a key trend gaining popularity in the naphthalene derivatives market. Major companies in the naphthalene derivatives market are advancing with their new technology, such as Ecofining technology, in the naphthalene derivatives market. For instance, Honeywell, a US-based company operating in naphthalene derivatives introduced UOP Ecofining, a new technology that produces renewable naphtha for petrochemical manufacturing. The novel route may produce high yields of naphtha by utilizing environmentally friendly feedstocks such as recycled cooking oil and animal fats. The created Naphtha is an important petrochemical feedstock used to make plastics, notably olefins which serve as the basis for other chemicals and aromatics that are used to make polyester and other packaging materials.

The nephthalene derivatives market report table of contents includes:

1. Executive Summary

2. Nephthalene Derivatives Market Characteristics

3. Nephthalene Derivatives Market Trends And Strategies

4. Nephthalene Derivatives Market – Macro Economic Scenario

5. Global Nephthalene Derivatives Market Size and Growth

26. South America Nephthalene Derivatives Market

27. Brazil Nephthalene Derivatives Market

28. Middle East Nephthalene Derivatives Market

29. Africa Nephthalene Derivatives Market

30. Nephthalene Derivatives Market Competitive Landscape And Company Profiles

Top Major Players: