An organic compound, commonly found in a white crystalline solid form is referred to as naphthalene. Naphthalene’s basic structure consists of a fused pair of benzene rings. It is a type of aromatic hydrocarbon and a main ingredient in manufacture of traditional mothballs. Naphthalene derivatives can be synthesized in two stages, viz. ring closure by cyclization reaction which is then followed by aromatization process. They can be synthesized in two basic forms; liquid and powder.
Growing demand for naphthalene derivatives from various end use industries is a major factor fueling growth of the global Naphthalene Derivatives
market. Also, increasing number of applications of naphthalene derivatives coupled with prominent players in the market investing into R&D for advanced naphthalene derivatives are other major factors expected to boost growth of the global market over the forecast period to a significant extent. But, high toxicity of naphthalene derivatives is a major factor hampering growth of the global market.
In addition, availability of substitutes for synthesis of phthalic anhydride – an essential chemical intermediate used for plastic manufacturing is also a factor anticipated to limit growth of the global naphthenic derivatives market to a moderate extent.
The global naphthalene derivatives market report has been segmented on the basis of form, type, end use industry, and region. On the basis of form, the global naphthalene derivatives market is segmented into powder and liquid. On the basis of type, the global market is segmented into sulfonated naphthalene formaldehyde (SNF), phthalic anhydride, naphthalene sulfonic acid, naphthols, and others. On the basis of end use industry into, construction, textile, oil & gas, paints & coatings, pharmaceutical, and others. On the basis of region into, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in Asia Pacific accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominant revenue contribution over the forecast period. This can be attributed to growing industrialization and rising demand for naphthalene derivatives from various end use industries in emerging economies such as China, Japan, and India. The markets in North America and Europe also accounted for major revenue share contribution in the global market, due to stringent government regulations for use of naphthalene derivatives in the regions.
Prominent players in the global naphthalene derivatives market include Clariant, Koppers Inc., BASF SE, Arkema Group, RUTGERS N.V., Evonik Industries AG, King Industries Inc., KAO Corporation, Huntsman International LLC., and JFE Chemical Corporation.