Market Overview:
Naphthalene is also known as moth ball or white tar. It is a white,
volatile, solid polycyclic hydrocarbon with a strong mothball odor. It is
derived from either coal tar or petroleum distillation and is majorly used to
produce phthalic anhydride. It is soluble in most organic solvents and has a
low solubility in water. It finds a wide scope in application as a plasticizer,
pesticide, surfactant & wetting agent, and others in numerous end use
industries such as textile, household cleaning, agriculture, building &
construction, and others.
Some of the prominent factors that positively influence
the growth of the naphthalene market are increasing disposable
income, constant urbanization, and improved living standards. Additionally,
speedy growth of construction sector in emerging economies is expected to drive
the market for naphthalene during the assessment period. Increasing demand for
pesticide along with rising need of high quality crop production is expected to
propel the market growth. Robust investment in the ongoing R&D projects by
the major market players and strong acceptance within the end use industries is
set to positively influence naphthalene demand. However, fluctuation in oil
prices might hamper the market growth in near future.
Regional Analysis
Asia Pacific is predicted to be the largest market for
naphthalene followed by Europe and North America due to rising demand from
numerous end use industries such as building & construction, agriculture,
and household cleaning among others. Emerging countries such as China, India,
Thailand, Vietnam, and Malaysia are the fastest growing market for naphthalene,
and is expected to grow with the same pace in the near future. In Asia Pacific,
some of the driving factors for market growth are rising economic growth rate,
competitive production costs, and availability of raw material. Europe
naphthalene market is predicted to witness a significant growth on account of
continuous growth of textile and household cleaning industry. North America is
expected to witness a substantial growth during the review period owing to
increasing demand for plasticizer in construction sector. The Middle East &
African countries is expected to witness strong market growth on account of
increasing construction activities. In Latin America market growth is majorly
due to expansion of personal care and textile sector.
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Competitive
analysis
The major 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 Segmentation:-
Naphthalene market is categorized on the basis of
source, application, and end use industry. On the basis of source, the market
is bifurcated into coal tar and petroleum. More than 85% of the world’s
naphthalene is manufactured using coal tar as coal tar consists of about 10%
naphthalene whereas petroleum has only 2%. On the basis of application, naphthalene
market is categorized into surfactant & wetting agent, plasticizer,
pesticide, and others. On the basis of end use industries, naphthalene market
is classified into agriculture, building & construction, household
cleaning, textile and others. Other end use industries include personal care
and pharmaceuticals. Naphthalene is extensively used in the manufacturing of
naphthalene sulphonate which is widely used in plasticizers. Among the end use
segment building & construction holds the major market share on account of
increasing construction activities across the globe. Agriculture sector holds
the second largest position on account of increased usage of pesticide and
insecticide in the past recent years. Moreover, increasing disposable income
coupled with rising demand for personal care products is expected to raise the
the demand for Naphthalene in the personal care segment.
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