The nephthalene derivatives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Nephthalene Derivatives Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The nephthalene derivatives market size has grown strongly in recent years. It
will grow from $9.05 billion in 2023 to $9.79 billion in 2024 at a compound
annual growth rate (CAGR) of 8.2%. The
growth in the historic period can be attributed to historical growth in
chemical industry, expansion in dye and pigment industries, application in
plasticizers and polymers, role in pesticides and agrochemicals, contributions
to construction industry.
The nephthalene derivatives market size is expected to see strong growth in the
next few years. It will grow to $13.04 billion in 2028 at a compound annual
growth rate (CAGR) of 7.4%. The growth
in the forecast period can be attributed to growth in textile dyeing industry,
innovation in construction materials, increasing demand in electronics, rise in
green chemistry initiatives, exploration in pharmaceutical applications. Major
trends in the forecast period include innovative solutions, strategic
collaborations, focus on healthcare and pharmaceuticals, exploration in
agrochemicals, emergence of high-performance polymers.
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Scope Of Nephthalene Derivatives Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Nephthalene Derivatives Market Overview
Market Drivers -
The growing textile industry is expected to drive the naphthalene derivatives
market going forward. The textile industry refers to the fields of research,
design, development, production, and distribution of textiles, fabrics, and
apparel. The market for naphthalene is growing as a result of rising living
standards supported by high discretionary income, which translates to spending
on fabrics and textiles where it is utilized in material dyeing and bleaching.
For instance, in May 2023, according to National Council of Textile
Organizations (NCTO) is a US-based trade association that representing textile
industry, in 2022, the estimated value of U.S. shipments in the man-made fiber,
textile, and apparel sector reached $65.8 billion, showing an increase from the
$64.04 billion recorded in 2021. Notably, U.S. exports in textiles and apparel
to the Western Hemisphere experienced a significant rise of 14.9 percent,
reaching a total of $18 billion in 2022. Therefore, increasing demand from the textile
industry drives the naphthalene derivatives market.
Market Trends -
Technology advancement is a key trend gaining popularity in the naphthalene
derivatives market. Major companies in the naphthalene derivatives market are
advancing with their new technology, such as Ecofining technology, in the
naphthalene derivatives market. For instance, Honeywell, a US-based company
operating in naphthalene derivatives introduced UOP Ecofining, a new technology
that produces renewable naphtha for petrochemical manufacturing. The novel
route may produce high yields of naphtha by utilizing environmentally friendly
feedstocks such as recycled cooking oil and animal fats. The created Naphtha is
an important petrochemical feedstock used to make plastics, notably olefins
which serve as the basis for other chemicals and aromatics that are used to
make polyester and other packaging materials.
The nephthalene derivatives market covered in this report is segmented –
1) By Product Type: Sulphonated Naphthalene Formaldehyde, Phthalic Anhydride,
Naphthalene Sulphonic Acid,Naphthols,Alkyl Naphthalene Sulphonates Salts, Other
Product Types
2) By Form Type: Liquid Naphthalene Derivatives, Powder Naphthalene Derivatives
3) By Source Type: Coal Tar, Petroleum, Other Source Types
4) By End-Use Industry Type: Construction, Agro-Chemicals, Textiles, Oil and
Gas, Paints and Coatings, Pulp and Paper, Pharmaceuticals, Other End-Users
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Regional Insights -
Asia-Pacific was the largest region in the naphthalene derivatives market share
in 2023. The regions covered in the nephthalene derivatives market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the nephthalene derivatives market report are
Rutgers Chemicals GmbH, BASF SE, Huntsman International LLC, Koppers Inc.,
Arkema SA, Evonik Industries AG, Kao Corporation, Cromogenia-Units SA, Clariant
AG, King Industries Inc., Carbon Tech Group Ltd., JFE Chemical Corporation,
Rain Carbon Inc., Giovanni Bozzetto Spa, Covestro AG, Himadri Specialty
Chemical Ltd., Nippon Steel Chemical & Material Co. Ltd., Merck Co. & KGaA, Sinopec Shanghai Petrochemical Company
Limited, Shandong Hongyuan Chemical Co. Ltd., Asahi Kasei Corporation, Biosynth
Carbosynth Ltd., Nouryon Chemicals (Jiaxing) Co. Ltd., LG Chem Ltd., Eastman
Chemical Company, Wanhua Chemical Group Co. Ltd, Saudi Basic Industries Corporation,
Chevron Phillips Chemical Company
Table of Contents
1. Executive Summary
2. Nephthalene Derivatives Market Report Structure
3. Nephthalene Derivatives Market Trends And Strategies
4. Nephthalene Derivatives Market – Macro Economic Scenario
5. Nephthalene Derivatives Market Size And Growth
…..
27. Nephthalene Derivatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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