Market Survey: Naphthalene Market is expected to grow at a CAGR of 3% during the forecast period of(2020 - 2023)

Naphthalene Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Naphthalene market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Naphthalene Market report is anticipated to register a CAGR of 3% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Naphthalene Market are –

  • CarbonTech Group
  • Compro Shijiazhuang Fine Chemical Co.
  • Ltd.
  • DEZA
  • a. s
  • Epsilon Carbon
  • Industrial Química del Nalón
  • S.A.
  • Iwaki Seiyaku Co.
  • Ltd.
  • JFE Chemical Corporation
  • Koppers
  • Inc.
  • Merck Millipore
  • PCC Rokita SA
  • Rütgers Group
  • Wuxi Kingchan Bio-medical and Chemical Inc.

The global naphthalene market is expected to witness a CAGR of nearly 3% during the forecast period, 2020-2023. Asia Pacific accounts for the largest market share, globally, because of vast demand from China;,followed by Europe and America.
Naphthalene can be sourced from either coal tar or petroleum. More than 90% of the world’s naphthalene is produced using coal tar because of high naphthalene content of 10%, compared to 2% in petroleum. Naphthalene is mostly used to produce other organic compounds, like phthalic anhydride and naphthalene sulfonates.

Naphthalene Sulphonate Formaldehyde (NSF) Demand Driving the Asia-Pacific Region

China, along with Japan and India, accounts for more than 50% of the market because of rising demand for naphthalene sulphonate formaldehyde (NSF). India has a good potential for the naphthalene market because of rising construction activities, foreign investments, and rapid urbanization.

Construction Industry Dominates the End-User Segments

The naphthalene market, by end-user industry, can be segmented into construction, agrochemical, petrochemical, textile, and others. The construction segment is expected to increase because of growing demand for naphthalene sulfonate-formaldehyde in concrete admixtures. Also, the textile segment is showing potential for growth in the future because of increasing usage as a wetting agent.

Substitutes Hampering the Market Growth

Naphthalene market is facing some challenges. The environmental concerns regarding its usage in pesticides and the growing use of o-xylene, instead of naphthalene, in phthalic anhydride production are factors impeding the growth of the studied market.

Major Players: CARBONTECH GROUP, RÜTGERS GROUP, JFE CHEMICAL CORPORATION, EPSILON CARBON, DEZA, A.S, KOPPERS, INC. amongst others.

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Scope of the Report:

The report analyses Naphthalene market, which includes –

  • Analysis of the growth of Naphthalene market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Naphthalene market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Naphthalene market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Naphthalene market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Naphthalene Market Report:

  • Varying dynamics of the Naphthalene industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Naphthalene market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Naphthalene market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Naphthalene Market Report:

  • The report analyses how stringent emission control norms will drive the global Naphthalene market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Naphthalene market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Naphthalene:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

Look into Table of Content of Naphthalene Market Report @ https://www.360marketupdates.com/TOC/12883547#TOC

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