Global Outlook on the Naphthalene Derivatives Market 2017-2022: A $1.85 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 13, 2018--The “Naphthalene Derivatives Market by Form (Powder, Liquid), Derivative (SNF, Phthalic Anhydride, Naphthalene Sulfonic Acid, Alkyl Naphthalene Sulfonates, Naphthols), End-Use Industry (Construction, Agrochemicals), and Region - Global Forecast to 2022” report has been added to ResearchAndMarkets.com’s offering.
The global naphthalene derivatives market is estimated at USD 1.53 billion in 2017 and is projected to reach USD 1.85 billion by 2022, at a CAGR of 3.8% between 2017 and 2022.
The market is witnessing growth due to the growing demand from the textile industry, especially in the emerging countries of Asia Pacific, and increasing consumption of construction chemicals in developing countries. Other end-use industries such as construction, agrochemicals, textile, oil & gas, paints & coating, pulp & paper, and pharmaceuticals are also expected to offer lucrative opportunities for the growth of the naphthalene derivatives market.
Toxicity associated with naphthalene derivatives and preference for alternate feedstock for phthalic anhydride are some of the major factors restraining the growth of the market. Fluctuating energy prices and overcapacity issues in China are challenging the growth of the global naphthalene derivatives market globally.
Powder is estimated to be the fastest-growing form segment of the naphthalene derivatives market during the forecast period. The demand for powder form naphthalene derivatives has been stimulated due to the growth in textile industry and increasing construction activities. Easy availability of powdered form of naphthalene derivatives at room temperature and their convenient transportation and packaging in comparison to liquid form are the key factors responsible for the rapid demand for powdered form of naphthalene derivatives.
SNF is estimated to be the fastest-growing segment, by derivative, during the forecast period (2017-2022). The rapid growth of this segment is attributed to its excellent water reducing ability in concrete admixtures. SNF is used as a superplasticizer in concrete admixtures. The increase in demand for high-grade concrete which provides stability, tensile strength, and is cost effective in nature is expected to lead to a rapid growth of this segment in the future.
Textile is projected to be the fastest-growing end-use industry segment of the naphthalene derivatives market during the forecast period. Extensive consumption of naphthalene derivatives such as alkylated naphthalene sulphonated salts as surfactants, and naphthols and naphthylamines as intermediates for synthesis of dyes and pigments is expected to drive the growth of the textile end-use industry segment of the naphthalene derivatives market.
Companies FeaturedAkzonobel BASF Carbon Tech Group Chemsons Industrial Corporation Clariant Cromogenia Units Deza A.S. Epsilon Carbon Evonik GEO Specialty Chemicals, Inc. Huntsman Industrial Química Del Nalón SA Iwaki Seiyaku Co., Ltd. JFE Chemical Corporation Kao King Industries, Inc Koppers Manish Minerals & Chemicals Merck Millipore Monument Chemical PCC SE Rutgers Shandong Jufu Chemical Technology Co., Ltd Shandong Wanshan Chemical Trisha Speciality Chemical Pvt. Ltd
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SOURCE: Research and Markets
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PUB: 07/13/2018 10:03 AM/DISC: 07/13/2018 10:03 AM