2021-2026: Naphthenic Acid Market Size Estimation with Top Companies like Paint aMerichem, Umicore, Midas, Changfeng

The global Naphthenic Acid market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Naphthenic Acid costs and increasing production and growing capacity in Chemical industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Naphthenic Acid market.

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Naphthenic acids are a mixture of several cyclopentyl and cyclohexyl carboxylic acids with molecular weight of 120 to well over 700 atomic mass units. The main fraction are carboxylic acids with a carbon backbone of 9 to 20 carbons. Naphthenic acids (NAs) are the main compounds that are responsible for the high acidity of crude oil [2]. The amount of NAs in crude oil can be quantified by the amount of potassium hydroxide (KOH) used to neutralize one gram of oil, i.e. the total acid number (TAN).

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Pandemic impact on the Global Naphthenic Acid Market:

1 The Naphthenic Acid industry experienced decline in sector during the COVID-19 pandemic. This is attributed to the sharp decrease in chemical, pharmaceutical, automotive, and industrial sectors.

2 Manufacturing companies has prolonged closure of all its operations at its workplaces and manufacturing areas, until reopening instructions received from the government authorities.

3 In addition, due to reduction in labours in light of social distancing norms amid the COVID-19 pandemic, the Naphthenic Acid industry witnessed significant decrease in the production.

4 At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Naphthenic Acid market size in 2020 will be lower than in previous years.

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Naphthenic Acid Market Players:

Paint aMerichem
Umicore
Midas
Fulltime
Sea Chemical
Changfeng
Ming Ring
Zhangming
Rare-Earth

Product Type Segmentation:

Refined Naphthenic Acid
High-purity Naphthenic Acid

Industry Segmentation:

Paint and Ink Driers
Wood Preservatives
Fuel and Lubricant Additives
Rubber Additives

Segmentation by Regions:

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been given after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2026.

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Top Industry News:

AMERICHEM RELEASES 2022 COLOR TRENDS ON 26 January, 2021 -- Americhem has released their 2022 Color Trends. This year’s color trend palette is based on a theme of “Starved Senses & Fearless Futures,” a title that so deeply depicts what we have all gone through and what we hope for. There are 4 stories to go along with this theme, which are “Essentials,” “Refocus,” “Tech-novation,” and “Reconnection.” The colors in this palette bring us back to the basics with colors that represent the natural elements of life.

Americhem’s Global Branding & Digital Marketing Leader, Hailey Cassidy, stated, “Americhem’s 2022 Color Trends take you through a journey that starts with a look back on what is now global history and brings us full circle to the beautiful element of reconnection. These colors are inspired by a wide variety of life moments from being quarantined in our homes all the way to traveling and sharing embraces once again. We’ve taken the time to think deeply about each one of the colors and how it would translate into our current and potential customers’ end applications. There are colors in our trend report that can paired with everything from automotive interiors to life-saving medical devices.”

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