Naphthalene Market Size was valued at USD 0.35 Billion in 2022. The Naphthalene market industry is projected to grow from USD 0.36 Billion in 2023 to USD 0.48 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.7% during the forecast period (2023 - 2032). The growing need for naphthalene derivatives and the rising use of naphthalene-based chemicals as dye dispersion agents and components are the key market drivers contributing to overall market growth and expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising need for naphthalene derivatives drives market CAGR for naphthalene. The increasing need for naphthalene as an intermediate in manufacturing building materials and agricultural chemicals is likely to boost the market. This is due mostly to an increase in the need for plasticizers in cement that enhance functionality and durability. For example, naphthalene sulfonate polymers, sometimes known as superplasticizers, manufacture high-strength concrete reinforced with fibers. Furthermore, the agrochemical industry's growing need for naphthalene compounds to make pesticides is expected to drive naphthalene demand in the future years.
Additionally, the growing usage of naphthalene-based chemicals as dye distribution agents and intermediates in the textile sector's manufacturing of synthetic dyes is opening up new potential for companies in the worldwide naphthalene market. Naphthalene compounds are employed in various sectors, mostly as intermediates of chemicals in the fabric, medicine, rubber-based products, imaging, agricultural chemicals, laundry detergent, and building. In the textile business, naphthalene compounds are employed in the dyeing process. Because of their insecticidal qualities, naphthalene derivatives are valuable substances in agriculture. Naphthalene derivatives also serve as plasticizers or dispensers in producing high-quality concrete and plasterboards.
The widespread distribution of Covid-19 worldwide sparked a nationwide lockdown in 2020, affecting various sectors. Manufacturing plants were previously shut down, causing a disturbance in the supply chain. The construction industry was among the most hit by the pandemic, which decreased demand for Naphthalene in the first half of 2020. Nevertheless, agricultural production was only marginally affected by the pandemic, and there was a consistent demand for Naphthalene from the agriculture sector. Furthermore, a rapid rebound in naphthalene demand from end industries was seen with the restart of industrial activity and the easing of lockdowns in the later part of 2020. Development in the Construction, agricultural, chemical, and pharmaceutical sectors will likely drive the market during the projected timeframe.
For instance, according to the Japan Soap and Detergent Association, Japan will sell around 1.2 million tons of washing detergents in 2021. The vast bulk of the marketplace will consist of synthetic combinations. Furthermore, synthetic liquid laundry detergents accounted for over fifty percent of the 641 thousand tons of cleaners sold. In comparison, soap sales totaled around 25.7 thousand tons. As a consequence of this, the naphthalene market would profit. Thus, it is anticipated that during the projected timeframe, demand for Naphthalene will increase due to the rising need for naphthalene derivatives. Thus, driving the Naphthalene market revenue.
The Naphthalene market segmentation, based on Source, includes Coal Tar and Petroleum. Coal tar segment dominated the market, accounting for 51% of market revenue (USD 0.2 Billion) in 2022. The most frequent method of naphthalene production is coal tar distillation and separation, which will boost the overall market growth.
Figure 1: Naphthalene Market, by Source, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Naphthalene market segmentation, based on Application, includes Plasticizers, Pesticides, and Surfactant & Wetting agents. The pesticides category generated the highest market revenue of about 41% (USD 0.1 billion) in 2022. Plasticizers are expected to grow significantly during the projected timeframe as they are increasingly used in cement to increase functionality and durability.
The Naphthalene market segmentation, based on End-User Industry, includes Agriculture, Building & Construction, Textile, Chemical, Polymer, and Pharmaceutical. Building & construction segment dominated the market, accounting for 49% of market revenue (USD 0.2 Billion) in 2022. The rising utilization of naphthalene superplasticizers in building materials and the production of PVC plastics in infrastructure development fuel demand for the construction sector.
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Naphthalene market area accounts for the second-highest market share during the projected timeframe, owing to expanding need for plasticizers in the production of concrete and plasterboards for building uses and the increase in commercial & residential activity. In addition, using Naphthalene to manufacture numerous compounds in the healthcare and coatings industries will boost the market growth in this region.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Naphthalene Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Naphthalene market is expected to grow and expand rapidly during the projected timeframe due to the usage of Naphthalene for constructional compounds and the growth operations carried out by large enterprises. Further, the German Naphthalene market holds the largest market share, and the UK Naphthalene market is expected to grow quickly in the European region during the projected timeframe.
The Asia-Pacific Naphthalene Market will dominate the market share during the projected timeframe. This is due to the region's expanding industry and quick constructional activity. Furthermore, the increasing usage of naphthalene derivatives in manufacturing insecticides due to wide agricultural land and the increased need for excellent crop-protecting substances is likely to fuel regional market demand. Moreover, China’s Naphthalene market dominates the market share, and the Indian Naphthalene market is expected to grow steadily in the Asia-Pacific region.
Leading market players invested heavily in research and development (R&D) to scale up their manufacturing units and product lines, which will help the Naphthalene market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Naphthalene industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the Naphthalene industry to benefit customers and capture untapped market share and revenue. The Naphthalene industry has recently offered significant advantages to the building and construction industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Naphthalene market, including Koppers Inc. (US), Merck KGaA (Germany), BASF SE (Germany), Industrial QuĂmica del NalĂłn S.A. (Spain), PCC Rokita SA (Poland), Carbon Tech & Sepahan Chimie complex (Iran), DEZA a. s. (Czech Republic), Compro Shijiazhuang Fine Chemical Co (China), Rain Carbon Inc.(India), Wuxi Kinghan Bio-Medical & Chemical Inc. (China, and others, are attempting to expand market share and demand by investing in research and development (R&D) operations to produce sustainable and affordable solutions.
Sulzer Chemtech AG manufactures chemical segregation, blending, and dispensing system elements. Process engineering, servicing, setting up, welding offerings, alterations, and repair are all available from the company. Sulzer Chemtech supplies polymer manufacturing, plastics processing, energy, food, and energy-related applications with services and goods. It is the world's leading provider of revolutionary transfer of mass, stable mixing, and polymer-based solutions for petroleum products, refinement, and LNG. Sulzer Chemtech Ltd. will deliver engineering services and essential machinery to the Dong-Suh firm in Indonesia to expand its naphthalene downstream sector in November 2022. The Construction of an innovative extraction machine at the Dong-Suh factory in Indonesia will make it simpler to produce highly pure Naphthalene.
Epsilon Carbon Private Ltd. is a chemical product manufacturer and distributor. Coal tar compounds are available from the company: Epsilon Carbon services the aluminum, graphite, tire production, and infrastructural industries in India. Epsilon Carbon was founded in 2010 and is a maker of coal tar compounds and the nation's only backward-integrated firm with a specific origin. In September 2022, Epsilon Carbon was going to increase its carbon black manufacturing capacity in Karnataka from 115,000 to 215,000 tons per year, with a new expenditure of roughly USD 71 million. Naphthalene derived from carbon black is sometimes utilized to produce phthalic anhydrides, insecticides, and cement plasticizers.
November 2022:Â Sulzer Chemtech Ltd. will deliver engineering services and essential machinery to the Dong-Suh firm in Indonesia to expand its naphthalene downstream sector in November 2022. The Construction of an innovative extraction machine at the Dong-Suh factory in Indonesia will make it simpler to produce highly pure Naphthalene.
September 2022:Â Epsilon Carbon will increase its carbon black manufacturing capacity in Karnataka from 115,000 to 215,000 tons per year, with a new expenditure of roughly USD 71 million. Naphthalene derived from carbon black is sometimes utilized to produce phthalic anhydrides, insecticides, and cement plasticizers.
February 2021:  Bain Capital, a private equity company, liquidated 8.36% of Himadri Specialty Chemical, reducing its interest to 12.7%. In an additional report, Bain Capital sold a 6.2% share in a bulk transaction.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.35 Billion |
| Market Size 2023 | USD 0.36 Billion |
| Market Size 2032 | USD 0.48 Billion |
| Compound Annual Growth Rate (CAGR) | 3.7% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Source, Application, End-User Industry, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Koppers Inc. (US), Merck KGaA (Germany), BASF SE (Germany), Industrial QuĂmica del NalĂłn S.A. (Spain), PCC Rokita SA (Poland), Carbon Tech & Sepahan Chimie complex (Iran), DEZA a. s. (Czech Republic), Compro Shijiazhuang Fine Chemical Co (China), Rain Carbon Inc.(India), Wuxi Kinghan Bio-Medical & Chemical Inc. (China |
| Key Market Opportunities | Prolonged exposure to Naphthalene and its derivatives. Government's rigorous regulations. |
| Key Market Dynamics | Plasticizers are increasingly being used in cement to increase functionality and durability. Growing need for naphthalene derivatives. The rising use of naphthalene-based chemicals as dye dispersion agents and components |
Naphthalene Market Highlights:
Frequently Asked Questions (FAQ) :
The Naphthalene Market size was valued at USD 0.35 Billion in 2022.
The Naphthalene Market is projected to grow at a CAGR of 3.7% during the forecast period, 2023-2032.
Asia-Pacific region holds the largest share of the Naphthalene Market.
The key players in the market are Koppers Inc. (US), Merck KGaA (Germany), BASF SE (Germany), Industrial Química del Nalón S.A. (Spain), PCC Rokita SA (Poland), Carbon Tech & Sepahan Chimie complex (Iran), DEZA a. s. (Czech Republic), Compro Shijiazhuang Fine Chemical Co (China), Rain Carbon Inc.(India), Wuxi Kinghan Bio-Medical & Chemical Inc. (China).
The Coal Tar category dominated the Naphthalene Market in 2022.
Pesticides hold the largest share of the Naphthalene Market.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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