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Naphthalene (CAS 91-20-3) Market Size, CAGR, Trends 2024-2030

Naphthalene (CAS 91-20-3) Market Trends, Growth Opportunities, and Forecast Scenarios

The global naphthalene market is witnessing steady growth, driven by increasing demand from various end-use industries such as construction, textile, and chemical. Naphthalene, also known as tar camphor, is a white crystalline solid with a strong smell commonly used in mothballs, pesticides, and dyes.

One of the key factors contributing to the growth of the naphthalene market is the rising demand for mothballs and pest control products in the textile and construction industries. Naphthalene is widely used as a moth repellent due to its strong odor, making it an effective solution for protecting clothing and fabrics from damage caused by insects.

Additionally, the expanding construction industry is fueling the demand for naphthalene as a key ingredient in concrete admixtures. Naphthalene-based superplasticizers are used to improve the workability and strength of concrete, making them essential for high-performance construction projects.

Moreover, the increasing adoption of naphthalene in the production of dyes, resins, and synthetic rubber is further driving market growth. Naphthalene's properties as a versatile solvent and intermediate chemical make it a valuable component in various industrial processes.

Looking ahead, the naphthalene market is expected to witness significant growth opportunities in emerging economies, particularly in the Asia-Pacific region. The rapid industrialization and infrastructure development in countries like China and India are likely to fuel the demand for naphthalene-based products in the coming years.

Overall, the naphthalene market is poised for steady growth, supported by its widespread applications across different industries and the increasing demand for high-quality chemical products worldwide.

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Naphthalene (CAS 91-20-3) Market Competitive Analysis

The global Naphthalene (CAS 91-20-3) market is dominated by key players such as Baowu Carbon Material, Rain Industries, JFE Chemical, C-Chem, OCI, Koppers, Himadri, Baoshun, Sunlight Coking, Shandong Weijiao, Kailuan Group, Huanghua Xinnuo Lixing, Jining Carbon, Shanxi Hongte, Ansteel Group, Avdiivka Coke Plant, DEZA ., EVRAZ. These companies use Naphthalene for various applications such as in the production of phthalic anhydride, mothballs, and as a corrosion inhibitor. The sales revenue actual figures of a few of the listed companies are: Rain Industries - $3.5 billion, Koppers - $1.6 billion, Himadri - $900 million.

In terms of Product Type, the Naphthalene (CAS 91-20-3) market is segmented into:

Naphthalene (CAS 91-20-3) can be classified into two types based on their sources: coal-tar processing and petroleum-derived. Coal-tar processing naphthalene is obtained from the distillation of coal tar, while petroleum-derived naphthalene is derived from the refining of crude oil. Both types find applications in various industries such as mothballs, pesticides, and dyes, thus boosting the demand for naphthalene in the market. The versatility and wide range of uses of naphthalene make it a popular choice for many manufacturing processes, contributing to its steady demand and market growth.

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In terms of Product Application, the Naphthalene (CAS 91-20-3) market is segmented into:

Naphthalene (CAS 91-20-3) is commonly used in the production of Phthalic Anhydride, which is a key ingredient in the manufacturing of plasticizers, dyes, and resins. Refined Naphthalene is utilized in the synthesis of pesticides, surfactants, and pharmaceuticals. Naphthalene is also used as a Water-Reducing Admixture in concrete production to improve workability and reduce water content. Other applications include its use as a moth repellent and in the production of phthalate plasticizers. The fastest growing application segment in terms of revenue is the use of Naphthalene in water-reducing admixtures for the construction industry, due to increasing demand for sustainable and high-performance concrete solutions.

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Naphthalene (CAS 91-20-3) Industry Growth Analysis, by Geography

The naphthalene market is expected to experience significant growth in the regions of North America (NA), Asia Pacific (APAC), Europe, USA, and China, driven by increasing demand from industries such as agriculture, chemical, and healthcare. Among these regions, China is expected to dominate the market with a market share of around 30%, followed by North America at 25% and Europe at 20%. The market in these regions is projected to reach a valuation of over $500 million by 2025, fueled by factors such as technological advancements and growing applications of naphthalene in various sectors.

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