Naphthalene Market Size & Trends

The global naphthalene market size was estimated at USD 1,588.1 million in 2023 and is projected to grow at a CAGR of 3.0% from 2024 to 2030. The market is experiencing increasing demand due to its growing use in the construction industry as a plasticizer in various concrete admixtures, specifically naphthalene sulfonate formaldehyde.

There is an increasing demand for products like mothballs, surfactants and pesticides which contain naphthalene. Naphthalene converts directly from a solid to a gas at room temperature, creating fumes that repel moths and other insects thus protecting cloths and fabrics. This has led to a rise in demand for naphthalene.

Gather more insights about the market drivers, restrains and growth of the Global Naphthalene Market

Source Insights

Based on source, the coal tar segment led the market with the largest revenue share of 62.80% in 2023. The growing demand for coal tar naphthalene from the textile industry for producing dyes and pigments is expected to boost market growth. Other factors include the demand for coal tar naphthalene as a solvent in various industrial processes and the increasing use of this chemical in producing asphalt additives.

Application Insights

Based on application, the phthalic anhydride segment dominated the global market in terms of revenue share in 2023. The growth is attributed to the increased demand for phthalic anhydride in the major application of naphthalene widely used in production. The world demand for phthalic anhydride is in millions of tons every year. It is further used in producing dyes, resins, insect repellents, and plasticizers as an intermediate.

Regional Insights

The naphthalene market in North America accounted for a significant market share in terms of revenue in 2023. This is attributed to the rising use of naphthalene in the construction industry and increasing use of pesticides. This has led to market growth in North America.

Key Naphthalene Company Insights

Some of the key players operating in the market include Rain Carbon Inc., ExxonMobil Corporation, Epsilon Carbon Private Limited, among others.

• ExxonMobil is a multinational oil and gas company that produces crude oil, oil products, natural gas, petrochemicals, and power
• Rain Carbon Inc. is a producer of raw materials that are used worldwide in the manufacturing of carbon products and advanced materials. Its products are essential for producing aluminium, steel, titanium dioxide, coatings, plastics, concrete, and tyres. The company makes calcined petroleum coke, coal tar pitch, and raw materials for various industrial processes and products. Its carbon black oils are used as feedstocks, which are converted by end users into carbon black for a wide variety of uses such as pigments in plastics, rubber, and print toners

CARBOTEX, JFE Chemical Corporation, and Koppers Inc., among others, are some of the emerging market participants in the global market.

• Epsilon Carbon Private Limited is a company that produces chemicals. Their products, such as aluminum, graphite, tire manufacturing, and infrastructure, are used in various sectors in India. One of their products is hard carbon black, used in producing tire treads and mechanical rubber goods
• Koppers Holdings Inc., a global company that provides products and services for several industries. Koppers also develops and provides chemicals that are essential to the operation and success of manufacturers. They repurpose waste generated from other industries into critical components that support the production of rubber products, plastics, resins, treated wood, and steel

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Key Naphthalene Companies:

The following are the leading companies in the naphthalene market. These companies collectively hold the largest market share and dictate industry trends.

• Rain Carbon Inc.
• ExxonMobil Corporation
• Epsilon Carbon Private Limited
• CARBOTECH
• DEZA a.s.
• JFE Chemical Corporation
• Koppers Inc.
• PCC Rokita SA
• Gautam Zen International
• Dong-Suh Chemical Ind. Co., Ltd.
• TULSTAR PRODUCTS INC.
• Quimica del Nalon S.A.

Naphthalene Market Segmentation

Grand View Research has segmented the global naphthalene market report based on source, application, and region:

Naphthalene Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Coal Tar
• Petroleum

Naphthalene Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Phthalic Anhydride
• Naphthalene Sulfonates
• Low-Volatility Solvents
• Moth Repellent
• Pesticides
• Other Applications

Naphthalene Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

Order a free sample PDF of the Naphthalene Market Intelligence Study, published by Grand View Research.

Recent Developments

• In November 2022, Sulzer Chemtech Ltd. will provide process engineering and necessary equipment to Dong-Suh Company in Indonesia to facilitate the growth of the naphthalene downstream industry. With the installation of a state-of-the-art separation unit at the Dong-Suh plant in Serang, Indonesia, it will become easier to produce highly pure naphthalene
• In September 2022, Epsilon Carbon announced plans to invest around USD 67 million in Karnataka to increase its carbon black production capacity from 115,000 to 215,000 tons annually. The carbon black feedstock used by Epsilon Carbon contains naphthalene, which can be used to produce phthalic anhydrides, pesticides, and concrete plasticizers

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