Press release
Sodium Naphthalene Sulphonate Formaldehyde Market Size by Growth share, Driving Factors, Key Segments, and Regional Analysis
Market Scope
The global sodium naphthalene sulphonate formaldehyde market is expected to reach a significant valuation by exhibiting a CAGR of 3.8% during the forecast period. It is driven by the inclusion of the compound in concrete mixtures. Free-flowing and pumpable concrete mixtures are in high demand in the market. SNF acts as a water reducer and improves cement mobility and workability. It is easily soluble in glycerol, diethylene glycol, ethylene glycol, and other alcohols but insoluble in organic solvents. The unique nature of the compound can lead to the formation of distinct concrete formulations which require less water content. It can offer tolerance to different concrete admixers.
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Competition Outlook
SHANDONG WANSHAN CHEMICAL CO., LTD., CHEMSONS INDUSTRIAL CORPORATION, Mangalore Chemicals & Fertilizers Limited, Wuhan Xinyingda Chemicals Co., Ltd, Kashyap Industries, Sure Chemical Co., Ltd. Shijiazhuang, Huntsman International LLC., MUHU (China) Construction Materials Co., Ltd., Kao Corporation, and Viswaat Chemicals Limited are key players of the sodium naphthalene sulphonate formaldehyde market.
Segmentation
The global sodium naphthalene sulphonate formaldehyde market is majorly segmented on the basis of form, application, and end users.
Based on the form of sodium naphthalene sulphonate formaldehydes, the market is bifurcated into liquid and powder sodium naphthalene sulphonate formaldehyde.
Major applications of sodium naphthalene sulphonate formaldehydes are water reducer, wetting agent, dying, dispersing agent, oil rigging, and others.
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On the other hand, based on end user, the market is segmented into textile, paper, agriculture, plastics & rubber, construction, oil, and others. The construction industry will be one of the biggest revenue generators of the global sodium naphthalene sulphonate formaldehyde market owing to rapid urbanization in North America and Asia Pacific. The development of super plasticizers will play a vital role in the industry in the years ahead.
Regional Analysis
Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East & Africa (MEA).
APAC is one of the biggest regions of the market due to the application of SNF in the construction industry in China and India. The demand in South Korea, Taiwan, Japan, China, and India for residential and commercial buildings owing to the influx of migrants from rural to urban areas will drive the need for the compound.
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North America is the second-largest market for SNF due to industries of oil, construction, and plastics. Europe is the third-largest followed by MEA and Latin America. The growth in Europe can be attributed to industries of paper, textile, and agriculture.
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