Naphthalene Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
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 e