Global Naphthalene Market is segmented By Source (Coal Tar, Petroleum), By Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides, Other) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Global Naphthalene Market reached US$ 1587.69 million in 2023 and is expected to reach US$ 1957.38 million by 2031, growing with a CAGR of 2.65% during the forecast period 2024-2031.
Naphthalene exhibits a pronounced coal-tar smell, in its white crystalline volatile solid state. The solid has a higher density than water and so cannot dissolve in water. Combustible, albeit potentially challenging to ignite. Being in the molten state, it is extremely hot. Avoidance of skin contact is necessary. Moreover, the release of fumes from the substance could be hazardous. Utilized as a moth deterrent, fumigant, lubricant, raw material for chemical synthesis and several more applications.
The increasing usage of naphthalene in the synthesis of phthalic anhydride, a compound employed in the production of plasticizers, dyes and resins, has substantially contributed to the expansion of the market. The textile industry's growth, propelled by increasing population and evolving fashion trends, has also stimulated the need for naphthalene-based products such as moth repellents and dye intermediates.
Moreover, continuous research and development efforts aimed at enhancing the characteristics and utilities of naphthalene derivatives have created fresh prospects in the industry. Notwithstanding, the market's expansion may be hindered by environmental issues related to the toxicity and other health risks linked to naphthalene. In response to these concerns, manufacturers are placing greater emphasis on sustainable production processes and actively investigating alternative substitutes.
Market Scope
Metrics | Details |
CAGR | 2.65% |
Size Available for Years | 2022-2031 |
Forecast Period | 2024-2031 |
Data Availability | Value (US$) |
Segments Covered | Source, Application and Region |
Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
Fastest Growing Region | Asia-Pacific |
Largest Region | North America |
Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Rising Demand for Naphthalene in Mothballs, Surfactants and Pesticides
The market for items such as mothballs, surfactants and herbicides containing naphthalene is growing even more. At ambient temperature, naphthalene undergoes a direct conversion from a solid to a gas, resulting in the emission of fumes that deter moths and other insects, therefore safeguarding textiles and furnishings. Consequently, there has been an increase in the demand for naphthalene.
Naphthalene is a polycyclic aromatic hydrocarbon (PAH) derived from coal tar and mineral oil. Thus, it is acquired as a secondary product of the coal carbonization process. The production of coke, coal gas and coal tar involves the heating of coal tar in the absence of air. Once distilled, it yields several components, one of which being naphthalene. The crude naphthalene is refined by the processes of crystallisation, distillation or sublimation in order to eliminate contaminants.
Rising Demand for High-Purity Derivatives, Construction Boom and Sustainable Innovations
A notable trend is the growing need for naphthalene derivatives with high purity, especially in sophisticated fields such as medicines and specialized chemicals. This transition is driven by strict regulatory requirements and an increasing focus on product excellence and ecological sustainability. Another noteworthy development is the substantial expansion in the building industry, especially in developing countries, where naphthalene sulfonates are widely employed as concrete additives to improve performance and longevity.
Moreover, the textile industry's growth, particularly in the Asia-Pacific region, is strengthening the need for dyes and intermediates based on naphthalene. Furthermore, the industry is witnessing a shift towards sustainable practices, as firms are allocating resources to study and develop environmentally friendly production techniques aimed at minimizing the ecological footprint of naphthalene manufacturing. The function of technological progress in enhancing manufacturing efficiency and cost-effectiveness is of paramount importance, thereby stimulating market expansion.
Environmental Concerns And Regulatory Pressures
One significant legislation that affects the naphthalene market is the REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) regulation implemented by the European Union. Due to its carcinogenic qualities, naphthalene is categorized as a Substance of Very High Concern (SVHC) under REACH. Companies engaged in the production or importation of naphthalene inside the European Union are obligated to adhere to rigorous registration criteria, carry out risk evaluations and furnish comprehensive safety information to guarantee the safe handling of the material during its entire lifespan.
Furthermore, regulatory authorities are advocating for the development of more sustainable and environmentally friendly substitutes for naphthalene, therefore imposing additional limitations on its market. The increasing emphasis on decreasing the carbon footprint and minimizing detrimental byproducts in industrial operations is motivating industries to transition towards more environmentally friendly chemicals, so restricting the need for naphthalene, particularly in sectors such as construction and textiles where environmental sustainability is gaining prominence.
Market Segment Analysis
The global naphthalene market is segmented based on source, application and region.
The Wide Range Of Applications Of Naphthalene Sulfonates
The primary application of naphthalene is the synthesis of naphthalene sulfonates, which has a wide range of applications due to their ability to induce wetting and spreading mechanisms. Naphthalene sulfonates are an essential component in the synthesis of naphthalene sulphonate formaldehyde (NSF). NSF is employed in polymer-concrete admixtures to counterbalance the surface charge on cement particles, therefore enhancing the water molecular bonding in cement agglomerations and reducing the viscosity of the paste and concrete.
These compounds are employed in the manufacturing of surfactants that find application in a diverse range of personal care items. Furthermore, naphthalene sulfonates find application in water-based cleaning agents, including shampoos, automatic dishwashing detergents and industrial detergents.
An estimated 1.2 million tons of cleaning detergents would be sold in Japan in 2021, according to the Japan Soap and Detergent Association (JSDA). Synthetic blends will constitute the bulk of the market. Moreover, over 50% of the total 641 thousand tons of cleaners sold consisted of synthetic liquid laundry detergents. By comparison, the entire sales of soap amounted to around 25.7 thousand tons. Consequently, this will be advantageous for the naphthalene market.
Market Geographical Share
High Consumption of Naphthalene in Asia-Pacific
Asia-Pacific is projected to dominate the naphthalene market due to the high consumption of this commodity by nations such as China and India. The burgeoning construction and agriculture sectors in Asian nations such as China and India are key drivers of industry expansion in the region. Predictions indicate that the market for naphthalene in the region will be propelled by the authorization of major building projects, particularly in India, China and Japan.
In 2023, the National Bureau of Statistics of China reported that the GDP generated by building activities in the country amounted to almost US$ 4.5 trillion. This indicates a rise of almost 11% compared to the prior year. Statistics Korea reports that in 2021, both domestic and international builders obtained construction orders valued at a combined sum of US$ 245.9 billion. This was a substantial increase compared to the prior year.
India is experiencing growth in its commercial construction industry. Multiple projects are currently underway in the country. The development of the CommerzIII Commercial Office Complex, valued at US$ 900 million, commenced in the first quarter of 2022. The proposal entails the development of a 43-story commercial office tower in Goregaon, Mumbai, with a maximum allowable floor space of 2,601.28 square meters. A completion date for the project is anticipated in the fourth quarter of 2027. Consequently, this is anticipated to augment the need for naphthalene.
Market Competitive Landscape
The major global players in the market include Rain Carbon Inc., ExxonMobil Corporation, Epsilon Carbon Private Limited, CARBOTECH, DEZA a.s., JFE Chemical Corporation, Koppers Inc., PCC Rokita SA, Gautam Zen International and Dong-Suh Chemical Ind. Co., Ltd.
Russia-Ukraine War Impact Analysis
The ongoing conflict between Russia and Ukraine has had a substantial impact on the European petrochemical industry by intensifying the expenses related to energy and feedstock consumption. Escalating natural gas and crude oil costs in Europe have compelled chemical manufacturers to increase their selling prices, resulting in reduced competitiveness relative to producers in US, Asia and the Middle East.
Furthermore, the imposition of sanctions on Russia and the disruption of transportation routes have added complexity to the supply chain for raw materials, resulting in increased freight costs and deceleration of production. The impact has been particularly severe on countries like Germany, which are highly dependent on Russian imports for both energy and raw materials.
Several companies in Germany, where gas plays a vital role in chemical manufacturing, are reducing their operations in order to preserve energy, therefore exacerbating the pressure on the petrochemical industry. limited availability of raw materials, difficulties in logistics and exorbitant energy expenses are eroding the competitiveness of crucial sectors including machinery, equipment and medicines.
By Source
- Coal Tar
- Petroleum
By Application
- Phthalic Anhydride
- Naphthalene Sulfonates
- Low-Volatility Solvents
- Moth Repellent
- Pesticides
- Other
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In July 2023, Kazuhito Tsukagoshi, the Group Leader of the Thin Film Electronics Group and a research team from the Chemistry Department at Tokyo Institute of Technology achieved the successful identification of a single dimer of naphthalene molecules within a nano-gap structure.
- In November 2022, Sulzer Chemtech Ltd. will supply Dong-Suh Company in Indonesia with process engineering and essential equipment to support the expansion of the naphthalene downstream sector. The implementation of a cutting-edge separation unit at the Dong-Suh facility in Serang, Indonesia, will facilitate the production of extremely pure naphthalene.
- In September 2022, Epsilon Carbon declared its intention to allocate roughly US$ 67 million in Karnataka specifically for the purpose of augmenting its carbon black production capacity from 115,000 to 215,000 tons per year. Epsilon Carbon utilizes carbon black feedstock that includes naphthalene, a raw material capable of synthesising phthalic anhydrides, insecticides and concrete plasticizers.
Why Purchase the Report?
- To visualize the global naphthalene market segmentation based on source, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel spreadsheet containing a comprehensive dataset of the naphthalene market, covering all levels of segmentation.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global naphthalene market report would provide approximately 54 tables, 44 figures and 232 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
