Naphthalene Derivatives Market Size, Share, Opportunities, And Trends By Form (Powder, Liquid), By Source (Coal-Tar, Petroleum Based, Others), By Product (Sulphonated Naphthalene Formaldehyde (SNF), Phthalic, Anhydride, Naphthalene Sulphonic Acid, Naphthols, Alkyl Naphthalene Sulphonate Salts, Others), By End-User Industry (Paints And Coatings, Construction, Textile, Pulp And Paper, Oil And Gas, Pharmaceutical, Others), And By Geography - Forecasts From 2024 To 2029

The naphthalene derivatives market is projected to rise at a compound annual growth rate (CAGR) of 3.73% over the forecast period to reach US$2,466.707 million by 2029, increasing from estimated value of US$2,054.023 million in 2024.

Alkyl naphthalene sulfonates are commonly employed in the textile sector for bleaching and dyeing procedures due to their ability to soak and eliminate foam. A significant portion of commercial dyes in the textile industry comprises azo dyes. Alkyl naphthalene sulfonates serve as precursors in producing various colors, and they are utilized across different materials. Other naphthalene derivatives, like naphthylamines and sulfuric acid salts, play a crucial role as intermediates in dye manufacturing, thus contributing to the naphthalene derivatives market growth.

The Indian domestic textile and apparel industry contributed around 2% to the nation's GDP and represented 7% of the industry's total output value. India maintained a 4% share in the global trade of textiles and apparel. In the fiscal year 2021-22, textiles and apparel made up 10.33% of India's total exports. Export figures for cotton yarns, fabrics, handloom products, etc., surged from $9827.89 million in 2020-21 to $15298.03 million in 2021-22. Similarly, exports of man-made yarns, fabrics, and made-ups rose from $3806.25 million in 2020-21 to $5614.62 million in 2021-22.

Rising demand in the construction industry

Naphthalene derivatives are widely used in the construction industry due to their low volatility and lack of odor. These derivatives are particularly valued for their ability to improve the consistency of concrete mixes, thereby enhancing the structural integrity of buildings. This significant application of naphthalene in construction is expected to drive growth in the global naphthalene derivatives market in the coming years.

Furthermore, the demand for real estate is forecasted to increase by 15-18 million square feet by 2025 in major urban areas. Between 2021 and 2022, approximately 27% of institutional investments in real estate were allocated to warehouses. Projected growth in the Indian warehousing sector suggests that the total warehousing space in the top eight Tier-1 cities will reach almost 500 million square feet by 2025, with a substantial portion being Grade A facilities.

By the year 2030, approximately 600 million individuals are expected to reside in urban areas, leading to a requirement for an extra 25 million mid-range and affordable housing units. As part of the National Infrastructure Pipeline (NIP), India has allocated a budget of $1.4 trillion for infrastructure investments, with 24% allocated to renewable energy, 18% to roads and highways, 17% to urban infrastructure, and 12% to railways.

Construction segment is expected to grow prominently in the coming years

The construction sector is seeing a growing use of naphthalene derivatives, which presents significant market trends and prospects. These substances, which are often made from petroleum or coal tar, are used in concrete admixtures as superplasticizers and dispersants. The increasing need for high-performance concrete with improved workability, strength, and durability properties is a major trend propelling their use. Admixtures based on naphthalene have excellent slump retention and water reduction qualities, which makes them perfect for difficult building projects where exact concrete placement and performance are required.

To usher in a new age in the Indian building technology industry, a sub-mission of PMAY-U has selected 54 globally innovative construction technologies as per Invest India. Under SBM-U, more than 3,500 cities have received certification as ODF+ and 1,191 as ODF++. Fifty percent of the freight traffic will be handled by 35 Multimodal Logistics Parks (MMLPs), which will be created at a total capital cost of $6.1 billion.

Furthermore, as per the Australian Bureau of Statistics, the total construction work increased by 0.7% to $65,440.5 million. Building work was worth $34,296.9 million, whereas engineering work done increased 2.7% to $31,143.5 million.

Additionally, naphthalene derivatives are becoming more popular than traditional chemical admixtures due to their environmentally beneficial qualities as sustainable construction methods gain traction. To comply with environmental requirements and obtain certification for green buildings, manufacturers are placing a greater emphasis on creating low-emission and bio-based formulations. This trend offers the naphthalene derivatives industry tremendous potential for innovation and commercial growth.

For instance, by 2030, forty additional hospitals will be built around the United Kingdom, according to a July 2021 statement made by Sajid Javid's Department of State for Health and Social Care. A £3.7 billion fund will assist this. In addition to helping hospitals achieve their goal of net zero carbon emissions, this will enhance the environment for both patients and staff.

Besides that, the focus of China's 14th Five-Year Plan is on new urbanization, energy, water, and transportation infrastructure projects. An estimated 27 trillion yuan ($ 4.2 trillion) would be invested altogether in new infrastructure during the 14th Five-Year Plan period (2021–2025). The new plan aims for the construction of over 50 million square meters of net zero energy consumption buildings as well as the retrofitting of over 350 million square meters of structures. It also highlighted nine essential components for the growth of green buildings and energy efficiency.

Comprehensively, there are promising market trends and possibilities for naphthalene derivatives due to the construction industry's growing emphasis on high-performance, sustainable materials and global infrastructure development programs. Stakeholders may satisfy the changing demands of the construction industry, position themselves competitively, and advance sustainable development goals by using these trends and allocating resources to research and development.

Asia Pacific region is anticipated to grow with highest CAGR in the coming years

The Asia Pacific naphthalene derivatives market is expected to grow at a significant rate during the forecast period, due to the region's expanding economy, robust growth in the building and textile industries, and the need to accommodate a growing population, Asia-Pacific is predicted to be the most lucrative market for naphthalene derivatives. The use of naphthalene derivatives in manufacturing facilities across a range of industries, including chemicals, pharmaceuticals, paints and coatings, and others, is driving up consumption of these derivatives.

Furthermore, the naphthalene derivative market is growing due to the expansion and remodelling of infrastructure in countries such as China, India, Vietnam, and others.

The increase in the Chinese market is due to the rising need for naphthalene in the region's end-user industries, which include plastic, building and construction, textiles, and agriculture. To produce plasticizers, dyes, phthalic anhydride, and pesticides, naphthalene is widely used. The main use of naphthalene is in the synthesis of phthalic anhydride, which is also utilized in the manufacture of plastic. One of the biggest industries in China is plastics and textiles, which is driving up demand for naphthalene.

China's enormous population and rising annual per capita consumption of apparel and textiles present the market with a wealth of international business opportunities. Due to the opportunities created for home textile producers, the nation's growing number of home renovation projects are also contributing to the market's growth. As a result, the market has grown quickly during the forecast period. Moreover, the China market saw higher revenues during the study period as a result of growing export volumes as China is the world's largest manufacturer and exporter of textiles and clothing because of its cheap cost of production. For instance, in 2022, China's exports of textiles, apparel, and clothing accessories brought in $323.344 billion, a modest increase of 2.53% than in 2021.

Key Market Developments:

• Baowu Steel Group's Baowu Carbon Material Technology Co., Ltd., with production facilities spanning East, South, and North China, is committed to the advancement of the emerging coal-based materials sector. 1,650 kilotons of coke tar and 350 kilotons of crude benzene can be processed there each year, and 340 kilotons of carbon black, 350 kilotons of modified coal tar pitch, and 100 kilotons of the ultra-high-power electrode (which is currently being built) can be produced.

Naphthalene Derivatives Market Scope:

 

Report Metric	Details
Market Size Value in 2024	US$2,054.023 million
Market Size Value in 2029	US$2,466.707 million
Growth Rate	CAGR of 3.73% from 2024 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Million
Segments Covered	Form Source Product End-User Geography
Companies Covered	Jfe Chemical Corporation Kao Corporation King Industries, Inc. Manish Minerals & Chemicals Monument Chemical Inc.
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Segmentation

• By Form
  • Powder
  • Liquid
• By Source
  • Coal-Tar
  • Petroleum-based
  • Others
• By Product
  • Sulphonated Naphthalene Formaldehyde (SNF)
  • Phthalic Anhydride
  • Naphthalene Sulphonic Acid
  • Naphthols
  • Alkyl Naphthalene Sulphonate Salts
  • Others
• By End-User
  • Paints and Coatings
  • Construction
  • Textile
  • Pulp and Paper
  • Oil and Gas
  • Pharmaceutical
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Russia-Ukraine War Impact Analysis

5. NAPHTHALENE DERIVATIVES MARKET BY FORM

5.1. Introduction 

5.2. Powder

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Liquid

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

6. NAPHTHALENE DERIVATIVES MARKET BY SOURCE

6.1. Introduction

6.2. Coal-Tar

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Petroleum-based

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Others

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

7. NAPHTHALENE DERIVATIVES MARKET BY PRODUCT

7.1. Introduction

7.2. Sulphonated Naphthalene Formaldehyde (SNF)

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Phthalic Anhydride

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Naphthalene Sulphonic Acid

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness

7.5. Naphthols

7.5.1. Market Trends and Opportunities

7.5.2. Growth Prospects

7.5.3. Geographic Lucrativeness

7.6. Alkyl Naphthalene Sulphonate Salts

7.6.1. Market Trends and Opportunities

7.6.2. Growth Prospects

7.6.3. Geographic Lucrativeness

7.7. Others

7.7.1. Market Trends and Opportunities

7.7.2. Growth Prospects

7.7.3. Geographic Lucrativeness

8. NAPHTHALENE DERIVATIVES MARKET BY END-USER

8.1. Introduction

8.2. Paints and Coatings

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.2.3. Geographic Lucrativeness

8.3. Construction

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

8.3.3. Geographic Lucrativeness

8.4. Textile

8.4.1. Market Trends and Opportunities

8.4.2. Growth Prospects

8.4.3. Geographic Lucrativeness

8.5. Pulp and Paper

8.5.1. Market Trends and Opportunities

8.5.2. Growth Prospects

8.5.3. Geographic Lucrativeness

8.6. Oil and Gas

8.6.1. Market Trends and Opportunities

8.6.2. Growth Prospects

8.6.3. Geographic Lucrativeness

8.7. Pharmaceutical

8.7.1. Market Trends and Opportunities

8.7.2. Growth Prospects

8.7.3. Geographic Lucrativeness

8.8. Others

8.8.1. Market Trends and Opportunities

8.8.2. Growth Prospects

8.8.3. Geographic Lucrativeness

9. NAPHTHALENE DERIVATIVES MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Form

9.2.2. By Source

9.2.3. By Product

9.2.4. By End-user

9.2.5. By Country

9.2.5.1. USA

9.2.5.1.1. Market Trends and Opportunities

9.2.5.1.2. Growth Prospects

9.2.5.2. Canada

9.2.5.2.1. Market Trends and Opportunities

9.2.5.2.2. Growth Prospects

9.2.5.3. Mexico

9.2.5.3.1. Market Trends and Opportunities

9.2.5.3.2. Growth Prospects

9.3. South America

9.3.1. By Form

9.3.2. By Source

9.3.3. By Product

9.3.4. By End-user

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.1.1. Market Trends and Opportunities

9.3.5.1.2. Growth Prospects

9.3.5.2. Argentina

9.3.5.2.1. Market Trends and Opportunities

9.3.5.2.2. Growth Prospects

9.3.5.3. Others

9.3.5.3.1. Market Trends and Opportunities

9.3.5.3.2. Growth Prospects

9.4. Europe

9.4.1. By Form

9.4.2. By Source

9.4.3. By Product

9.4.4. By End-user

9.4.5. By Country

9.4.5.1. United Kingdom

9.4.5.1.1. Market Trends and Opportunities

9.4.5.1.2. Growth Prospects

9.4.5.2. Germany

9.4.5.2.1. Market Trends and Opportunities

9.4.5.2.2. Growth Prospects

9.4.5.3. France

9.4.5.3.1. Market Trends and Opportunities

9.4.5.3.2. Growth Prospects

9.4.5.4. Spain

9.4.5.4.1. Market Trends and Opportunities

9.4.5.4.2. Growth Prospects

9.4.5.5. Others

9.4.5.5.1. Market Trends and Opportunities

9.4.5.5.2. Growth Prospects

9.5. Middle East and Africa

9.5.1. By Form

9.5.2. By Source

9.5.3. By Product

9.5.4. By End-user

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.1.1. Market Trends and Opportunities

9.5.5.1.2. Growth Prospects

9.5.5.2. UAE

9.5.5.2.1. Market Trends and Opportunities

9.5.5.2.2. Growth Prospects

9.5.5.3. Israel 

9.5.5.3.1. Market Trends and Opportunities

9.5.5.3.2. Growth Prospects

9.5.5.4. Others

9.5.5.4.1. Market Trends and Opportunities

9.5.5.4.2. Growth Prospects

9.6. Asia Pacific

9.6.1. By Form

9.6.2. By Source

9.6.3. By Product

9.6.4. By End-user

9.6.5. By Country

9.6.5.1. China

9.6.5.1.1. Market Trends and Opportunities

9.6.5.1.2. Growth Prospects

9.6.5.2. Japan

9.6.5.2.1. Market Trends and Opportunities

9.6.5.2.2. Growth Prospects

9.6.5.3. India

9.6.5.3.1. Market Trends and Opportunities

9.6.5.3.2. Growth Prospects

9.6.5.4. South Korea

9.6.5.4.1. Market Trends and Opportunities

9.6.5.4.2. Growth Prospects

9.6.5.5. Indonesia

9.6.5.5.1. Market Trends and Opportunities

9.6.5.5.2. Growth Prospects

9.6.5.6. Taiwan

9.6.5.6.1. Market Trends and Opportunities

9.6.5.6.2. Growth Prospects

9.6.5.7. Others

9.6.5.7.1. Market Trends and Opportunities

9.6.5.7.2. Growth Prospects

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Jfe Chemical Corporation

11.2. Kao Corporation

11.3. King Industries, Inc.

11.4. Manish Minerals & Chemicals

11.5. Monument Chemical Inc.

11.6. PCC SE

11.7. Trisha Speciality Chemical Pvt. Ltd.

11.8. Akzo Nobel NV

11.9. BASF SE

11.10. Clariant A

Jfe Chemical Corporation

Kao Corporation

King Industries, Inc.

Manish Minerals & Chemicals

Monument Chemical Inc.

PCC SE

Trisha Speciality Chemical Pvt. Ltd.

Akzo Nobel NV

BASF SE

Clariant A