Naphthalene Sulfonate Market Gloabl Industry Trends by Top Manufacturers - BASF SE, Huntsman International LLC, AkzoNobel NV, GCP Applied Technologies Inc.

Naphthalene Sulfonate Market Segmnet:

The global naphthalene sulfonate market is segmented on the basis of form, application, end use industries, and regions. Based on the form, the market is segmented into liquid and powder. On the basis of application, the market is segmented into dispersant & wetting agent, plasticizer, surfactant, and others. On the basis of end use industries, the market is categorized into agriculture, building & construction, household cleaning, textile and others. On the basis of regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Top Manufacturers:

Some of the prominent players operating in the naphthalene sulfonate market are BASF SE (Germany), GCP Applied Technologies Inc. (U.S), Huntsman International LLC (U.S), Himadri Speciality Chemical Ltd (India), AkzoNobel NV (Netherlands), Giovanni Bozzetto S.p.A (Italy), Koppers Inc. (U.S.) and others.

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Market Overview:

Naphthalene sulfonate are derivatives of sulfonic acid containing a naphthalene functional unit. They are primarily used to increase the viscosity or plasticity of a material. In addition to this, these derivatives are widely used as plasticizer and dispersants. It facilitates and improves concrete mixture by dispersing cement particles and enables the rapid mixing of concrete, which makes the product applicable in building & construction sector. Furthermore, it is used as a plasticizer, surfactant and wetting agent in major end use industries such as agriculture, building & construction, household cleaning, and textile among others. The textile sector employs naphthalene sulfonate in the process of dyeing.

Regionally, Asia Pacific region is growing at the highest CAGR, among other regions in the market, during the forecast period owing to the rapidly growing end use industries such as building & construction and agriculture among others. The leading markets in this region are China, India, Japan, and Malaysia, wherein the product is witnessing significant rise in demand on the backdrop of large scale residential, commercial, and industrial construction projects. Moreover, ease of availability of raw material, cheap labor cost, and increasing development strategies to fulfil the demand for naphthalene sulfonate in the growing applications are the important factors for the regional market growth.

Intended Audience:

Naphthalene sulfonate manufacturers
Traders and Distributors of naphthalene sulfonate
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
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Detailed Regional Analysis:

The global naphthalene sulfonate market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

The Asia Pacific region is estimated to grow at the highest CAGR during the forecast period due to the expansion of end use industries such as building & construction and agriculture among others. The demand for naphthalene sulfonate is expected to surge in developing countries such as China, India, Japan, and Malaysia owing to approval of large scale residential, commercial, and industrial construction projects. Moreover, ease of availability of raw material, cheap labor cost, and increasing development strategies to fulfil the demand for naphthalene sulfonate in the growing applications are the important factors for the regional market growth.

Asia Pacific emerged as the largest market for naphthalene sulfonate followed by North America and Europe. North America is expected to witness a significant growth in naphthalene sulfonate market due to the recovery of industrial sector coupled with escalating investments to revitalize textile industry. North American countries such as U.S, Mexico, and Canada are among the major contributors in the regional growth and are expected to see a significant regional market growth. While in Europe, countries such as France, Italy, Germany, and U.K have emerged as prominent consumer markets owing to developed end use industries and rising expenditure on R&D and innovation. Latin American countries such as Brazil and Colombia are also anticipated to witness moderate growth with the involvement of new business models.

Middle East & Africa is expected to witness a steady growth over the forecast period. Heavy investment in residential as well as commercial construction sector in Qatar, Saudi Arabia and United Arab Emirates (UAE) is expected to positively influence industry growth over the forecast period. In addition to this Israel is expected to register a significant growth due to the cutting import duties on textile and apparels. Government of Israel has free trade agreement with Europe and U.S facilitating better import and export facilities of textile material with exemption of taxes. These factors have triggered the naphthalene sulfonate market growth.

Industry/ Innovation/ Related News:

There are no significant development happened in this market in recent years as the product is still finding its way into numerous applications.

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This release was published on openPR.