Naphthalene Derivatives Market Global Forecast To 2021

The global naphthalene derivatives market was valued at USD 678.0 Million in 2015 and is projected to reach USD 833.0 Million by 2021, at a CAGR of 3.63%. The market size in terms of volume was 630.73 KT in 2015 and is projected to reach 739.01 KT, in terms of volume, by 2021, at a CAGR of 2.80% from 2016 to 2021. In this study, 2015 has been considered the base year and 2021 as the forecast year to estimate the market size of naphthalene derivatives between 2016 and 2021.

Pune, Maharashtra, July 24, 2017 /India PRwire/ -- The Objectives of The Study are:

  • To define and segment the global market of naphthalene derivatives by form, type, application, and region To estimate and forecast the global naphthalene derivatives market by application at country-level in different regions, namely, North America, the Asia-Pacific region, Western Europe, Central & Eastern Europe, South America, and Middle East & Africa.
  • To estimate and forecast the market size of naphthalene derivatives, in terms of value (USD million), and volume (Kilotons), at global and regional levels.
  • To estimate and forecast the market of naphthalene derivatives, in terms of value (USD million), and volume (Kilotons), at the country-level.
  • To identify and analyze the key growth drivers, restraints, opportunities, and challenges influencing the global naphthalene derivatives market.
  • To analyze recent market developments and competitive strategies, such as expansions, product launches/developments, agreements/collaborations, and mergers & acquisitions to draw the competitive landscape in the global naphthalene derivatives market.
  • To strategically identify and profile the key market players and analyze their core competencies in each type and application of the global naphthalene derivatives market.

Different secondary sources such as company websites, encyclopedia, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource have been used to identify and collect information useful for this extensive commercial study of the global naphthalene derivatives market. The primary sources, including experts from related industries, have been interviewed to verify and collect critical information and assess the future prospects of the market. The top-down approach has been implemented to validate the market size in terms of value. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

The naphthalene derivatives market has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and downstream stakeholders such as manufacturers, vendors, end-users, and government organizations.

This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. These stakeholders include naphthalene derivatives manufacturers such as RÜTGERS Group (Belgium), Koppers Inc. (U.S.), BASF SE (Germany), Arkema Group (France), Clariant (Switzerland), Huntsman International LLC.(U.S), GIOVANNI BOZZETTO S.p.A (Italy), Evonik Industries AG (Germany), Cromogenia-Units, S. A. (Spain), King Industries, Inc. (U.S.), and Kao Corporation (Japan).

Scope of the Report:

This research report categorizes the naphthalene derivatives market based on form, type, application, and region, and forecasts revenue growth and provides an analysis of trends in each of the submarkets.

The global naphthalene derivatives market is projected to reach USD 833.0 Million by 2021, at a CAGR of 3.63%. It is projected to reach 739.01 KT, at a CAGR of 2.80% from 2016 to 2021 by volume. A rapidly growing textile sector in the Asia-Pacific region and the increasing use of naphthalene-formaldehyde condensates in the construction market are the key factors driving the global naphthalene derivatives market.

The powdered form of naphthalene derivatives was the largest form in 2015 due to the ease of packaging and transportation in comparison to the liquid form. The liquid form on the other hand, is less preferred by suppliers and distributers of naphthalene derivatives in comparison to the powdered form as its shipment is difficult and complex. But naphthalene derivatives such as naphthalene-formaldehyde condensates (SNF) are majorly manufactured in the liquid form.

SNF is the largest segment in the global naphthalene derivatives market owing to its ability to act as an excellent dispersing agent and improve the consistency of concrete admixtures at a comparatively low price. The other types of naphthalene derivatives, such as, naphthalene sulfonic acids, alkyl naphthalene salts and naphthols are used as precursors for the synthesis of dyes, pigments and surfactants in textile, detergents and paints & coatings.

The construction sector is estimated to be the largest as well as the fastest-growing application of naphthalene derivatives. Growing building and infrastructure activities across the globe are leading to a rise in the demand for high quality concrete. Naphthalene derivatives are used as superplasticizers in the construction industry to enhance the durability of concrete.

The Asia-Pacific region led the global naphthalene derivatives market, both in terms of value and volume, in 2015. China is the largest market for naphthalene derivatives in the Asia-Pacific region, and accounted for a major share of the market in terms of value, in 2015. The growing construction sector, increasing R&D activities initiated by major players, the ease of availability of raw material, and increasing development strategies to meet the demand for naphthalene derivatives in the established and emerging applications are the key drivers for naphthalene derivatives in this region.

Notes to Editor

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