Naphthalene Market Insights: Demand, Applications & Key Players 2025
Naphthalene Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Global Naphthalene Market reached US$ 1587.69 million in 2023 and is expected to reach US$ 1957.38 million by 2031, growing with a CAGR of 2.65% during the forecast period 2024-2031.
The Naphthalene Market refers to the demand and supply of naphthalene, a solid polycyclic aromatic hydrocarbon commonly used in industrial applications. It serves as a key component in producing chemicals like phthalic anhydride, dyes, and plastics. Naphthalene is also used as a moth repellent and in the production of synthetic rubber. Its applications span diverse sectors, driving market growth.
List of the Key Players in the Naphthalene Market:
Rain Carbon Inc., ExxonMobil Corporation, Epsilon Carbon Private Limited, CARBOTECH, DEZA a.s., JFE Chemical Corporation, Koppers Inc., PCC Rokita SA, Gautam Zen International and Dong-Suh Chemical Ind. Co., Ltd.
Industry Development:
In July 2023, Kazuhito Tsukagoshi, the Group Leader of the Thin Film Electronics Group, along with a research team from the Chemistry Department at the Tokyo Institute of Technology, successfully identified a single dimer of naphthalene molecules within a nano-gap structure.
In November 2022, Sulzer Chemtech Ltd. partnered with Dong-Suh Company in Indonesia to supply process engineering and essential equipment for expanding the naphthalene downstream sector. This collaboration included the installation of a state-of-the-art separation unit at Dong-Suh's facility in Serang, Indonesia, which will enable the production of ultra-pure naphthalene.
Growth Forecast Projected:
The Global Naphthalene Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Naphthalene Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Naphthalene Market:
By Source: Coal Tar, Petroleum.
By Application: Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides, Other.
Regional Analysis for Naphthalene Market:
The regional analysis of the Naphthalene Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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