Naphthalene Market 2023 Expected CAGR 3% with CARBONTECH GROUP, JFE CHEMICAL CORPORATION, EPSILON CARBON, DEZA, A.S, KOPPERS,

Naphthalene Market Highlights:
The global naphthalene market is expected to witness a CAGR of nearly 3% during the forecast period, 2018-2023. Asia Pacific accounts for the largest market share, globally, because of vast demand from China;,followed by Europe and America.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/17536
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Naphthalene can be sourced from either coal tar or petroleum. More than 90% of the world’s naphthalene is produced using coal tar because of high naphthalene content of 10%, compared to 2% in petroleum. Naphthalene is mostly used to produce other organic compounds, like phthalic anhydride and naphthalene sulfonates.

Naphthalene Sulphonate Formaldehyde (NSF) Demand Driving the Asia-Pacific Region
China, along with Japan and India, accounts for more than 50% of the market because of rising demand for naphthalene sulphonate formaldehyde (NSF). India has a good potential for the naphthalene market because of rising construction activities, foreign investments, and rapid urbanization.

Major Players:
CARBONTECH GROUP, JFE CHEMICAL CORPORATION, EPSILON CARBON, DEZA, A.S, KOPPERS, INC. amongst others.

Request Discount on this repots @ https://marketprognosis.com/discount-request/17536
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Construction Industry Dominates the End-User Segments
The naphthalene market, by end-user industry, can be segmented into construction, agrochemical, petrochemical, textile, and others. The construction segment is expected to increase because of growing demand for naphthalene sulfonate-formaldehyde in concrete admixtures. Also, the textile segment is showing potential for growth in the future because of increasing usage as a wetting agent.

Substitutes Hampering the Market Growth
Naphthalene market is facing some challenges. The environmental concerns regarding its usage in pesticides and the growing use of o-xylene, instead of naphthalene, in phthalic anhydride production are factors impeding the growth of the studied market.

Enquiry Before Buying @ https://marketprognosis.com/enquiry/17536
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.