openPR Logo
Press release

At CAGR 2.38%, Naphthenic Acid Market Size Worth US$ 79.5 Million by 2028: IMARC Group

03-14-2023 08:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

At CAGR 2.38%, Naphthenic Acid Market Size Worth US$ 79.5 Million

According to IMARC Group's latest report, titled "๐๐š๐ฉ๐ก๐ญ๐ก๐ž๐ง๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€, ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ, ๐—ฆ๐—ถ๐˜‡๐—ฒ, ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต, ๐—ข๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐˜† ๐—ฎ๐—ป๐—ฑ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜ 2023-2028", the naphthenic acid market reached US$ 68.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 79.5 Million by 2028, exhibiting a CAGR of 2.38% during 2023-2028.

Naphthenic acid represents an insoluble, light yellowish to dark-colored, and complex compound that is identified as the mixture of carboxylic and a small number of acyclic acids present in sand bitumen or crude oil. It can be categorized into refined and high-purity product variants. These compounds are generally obtained from the caustic extraction of petroleum distillation procedure where the products are removed from refinery streams via caustic washing. They act as surfactants, fuel and lubricating oil additives, thickening and stabilizing agents, etc. Consequently, naphthenic acid finds extensive applications in the manufacturing of paint and ink, wood preservatives, fuel and lubricant additives, rubber additives, etc.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐˜€๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฏ๐—ฟ๐—ผ๐—ฐ๐—ต๐˜‚๐—ฟ๐—ฒ:https://www.imarcgroup.com/naphthenic-acid-market/requestsample

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐š๐ฉ๐ก๐ญ๐ก๐ž๐ง๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ

The growing need for adequate preservatives to protect various wood products, such as furniture, poles, fences, and other timber surfaces, is primarily driving the naphthenic acid market. In addition to this, the rising product usage with copper salts and zinc naphthenate to protect cellulosic materials from extreme temperatures and decay or humidity is acting as another significant growth-inducing factor.

Moreover, the widespread adoption of naphthenic acid as fuel additives in jet engines and locomotives for enhancing their life is further stimulating the market growth. Apart from this, it is also used in adhesives, lubricants, sealants, coatings, pesticides, etc., which is positively influencing the global market. Furthermore, the increasing consumer inclination towards this component as an ideal alternative to phosphate ester in industrial coatings, on account of its anti-scaling properties, and strategic collaborations among key market players are expected to bolster the naphthenic acid market over the forecasted period.

๐—–๐—ต๐—ฒ๐—ฐ๐—ธ๐—ผ๐˜‚๐˜ ๐—ก๐—ผ๐˜„: https://www.imarcgroup.com/checkout?id=6415&method=1

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐š๐ฉ๐ก๐ญ๐ก๐ž๐ง๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ 2023-2028 ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

The competitive landscape of the naphthenic acid market has been studied in the report with the detailed profiles of the key players operating in the market.

๐—ฆ๐—ผ๐—บ๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ๐˜€๐—ฒ ๐—ธ๐—ฒ๐˜† ๐—ฝ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ฒ:

Haihang Industry Co. Ltd, Jigchem Universal, Leo Chemo Plast Pvt. Ltd., Merck KGaA, Merichem Company, Petrรณleos del Perรบ, Shenyang Zhang Ming Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd and Umicore Cobalt & Specialty Materials.

๐—ž๐—ฒ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป:

The report has segmented the naphthenic acid market bases on type, application and sales channel.

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

The report has been segmented the market into following categories:

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

The report has been segmented the market into following categories:

Breakup by Type:
Refined Naphthenic Acid
High-purity Naphthenic Acid

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

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

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐’๐š๐ฅ๐ž๐ฌ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ:

Direct Channel
Distributor

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

๐—”๐˜€๐—ธ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐Ÿญ๐Ÿฌ% ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐—ฐ๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฒ๐—ฑ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: https://www.imarcgroup.com/naphthenic-acid-market

๐—ž๐—ฒ๐˜† ๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

โ€ข Market Performance (2017-2022)
โ€ข Market Outlook (2023-2028)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข Impact of COVID-19
โ€ข Value Chain Analysis
โ€ข Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Ž๐ญ๐ก๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ-

Global Liquid Fertilizers Market Report- https://www.openpr.com/news/2970672/liquid-fertilizers-market-size-is-projected-to-reach-us-17-06

Global Silicon Fertilizer Market Research Report- https://www.openpr.com/news/2970710/silicon-fertilizer-market-report-2022-size-share-trends

Global Vaccine Delivery Market Report-https://www.openpr.com/news/2971991/vaccine-delivery-devices-market-worth-us-10-9-billion-by-2028

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐—ฆ:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 |
Europe & Africa: +44-753-713-2163 |
Asia: +91-120-433-0800

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release At CAGR 2.38%, Naphthenic Acid Market Size Worth US$ 79.5 Million by 2028: IMARC Group here

News-ID: 2973662 • Views: โ€ฆ

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig โ€ฆ
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafoodโ€ฆ
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 โ€ฆ
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Requestโ€ฆ
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex โ€ฆ
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARCโ€ฆ
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P โ€ฆ
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing aโ€ฆ

All 5 Releases


More Releases for Naphthenic

Naphthenic Oil Market Demand Analysis Report 2025
Global Info Research announces the release of the report "Global Naphthenic Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report provides a detailed overview of the Naphthenic Oil market scenario, including a thorough analysis of the Naphthenic Oil market size, sales quantity, average price, revenue, gross margin and market share.The Naphthenic Oil report provides an in-depth analysis of the competitive landscape, manufacturer's profiles, regional andโ€ฆ
Naphthenic Acid Market to Witness Robust Expansion by 2023
Naphthenic acid is mixtures of naturally occurring cycloaliphatic carboxylic acids. Crude naphthenic acids extracted from high acid crude oil are dark brown oily liquid. After refined, they become transparent yellow or orange liquid. In this report, we study the refined naphthenic acids and high-purity naphthenic acids. LPI (LP Information)' newest research report, the "Naphthenic Acid Industry Forecast" looks at past sales and reviews total world Naphthenic Acid sales in 2022, providingโ€ฆ
Naphthenic Base Oil Market Analysis On Trends and Need 2031
๐๐š๐ฉ๐ก๐ญ๐ก๐ž๐ง๐ข๐œ ๐๐š๐ฌ๐ž ๐Ž๐ข๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐ˆ๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง Transparency Market Research delivers key insights on the global naphthenic base oil market. In terms of revenue, the global naphthenic base oil market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global naphthenic base oil market. ๐•๐ข๐ž๐ฐ ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/naphthenic-base-oil-market.html The global naphthenic base oilโ€ฆ
Naphthenic Base Oil Market Future Adoption Overview 2031
Naphthenic Base Oil Market: Introduction Transparency Market Research delivers key insights on the global naphthenic base oil market. In terms of revenue, the global naphthenic base oil market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global naphthenic base oil market. Get Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=25412 The global naphthenicโ€ฆ
Naphthenic Base Oil Market to Reap Excessive Revenues by 2027
Key Highlights A recent research report published by Transparency Market Research projects the global naphthenic base oil market to expand at a CAGR of 5.5% during the period between 2019 and 2027. The report, titled "Naphthenic Base Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 - 2027," estimates the global naphthenic base oil to reach US$ 2.9 Bn by 2027, from US$ 1.8 Bn in 2018. Readโ€ฆ
Naphthenic Acid Market nalysis, Technical Study and Business Opportunities to 20 โ€ฆ
This Global Naphthenic Acid Market report provides an all-inclusive environment analysis and market estimates. Similarly, the report provides the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Global Naphthenic Acid Market growth. Along with the market overview, which includes the market dynamics theโ€ฆ