Nephthalene Derivatives Global Market Size, Share, Future Trends, Comprehensive Analysis, Opportunity Assessment By 2033 | Koppers Inc., Arkema SA, Clariant AG, King Industries Inc., Covestro AG

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Nephthalene Derivatives Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.05 billion In 2028 At A CAGR Of 9.5% :

The nephthalene derivatives market size has grown strongly in recent years. It will grow from $9.05 billion in 2023 to $9.79 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to historical growth in chemical industry, expansion in dye and pigment industries, application in plasticizers and polymers, role in pesticides and agrochemicals, contributions to construction industry.

The nephthalene derivatives market size is expected to see strong growth in the next few years. It will grow to $13.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growth in textile dyeing industry, innovation in construction materials, increasing demand in electronics, rise in green chemistry initiatives, exploration in pharmaceutical applications. Major trends in the forecast period include innovative solutions, strategic collaborations, focus on healthcare and pharmaceuticals, exploration in agrochemicals, emergence of high-performance polymers.

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Nephthalene Derivatives Market Major Segments
The nephthalene derivatives market covered in this report is segmented -
1) By Product Type: Sulphonated Naphthalene Formaldehyde, Phthalic Anhydride, Naphthalene Sulphonic Acid,Naphthols,Alkyl Naphthalene Sulphonates Salts, Other Product Types
2) By Form Type: Liquid Naphthalene Derivatives, Powder Naphthalene Derivatives
3) By Source Type: Coal Tar, Petroleum, Other Source Types
4) By End-Use Industry Type: Construction, Agro-Chemicals, Textiles, Oil and Gas, Paints and Coatings, Pulp and Paper, Pharmaceuticals, Other End-Users

Key Driver - Naphthalene Derivatives Market Thrives On Surging Demand From The Growing Textile Industry

The growing textile industry is expected to drive the naphthalene derivatives market going forward. The textile industry refers to the fields of research, design, development, production, and distribution of textiles, fabrics, and apparel. The market for naphthalene is growing as a result of rising living standards supported by high discretionary income, which translates to spending on fabrics and textiles where it is utilized in material dyeing and bleaching. For instance, in May 2023, according to National Council of Textile Organizations (NCTO) is a US-based trade association that representing textile industry, in 2022, the estimated value of U.S. shipments in the man-made fiber, textile, and apparel sector reached $65.8 billion, showing an increase from the $64.04 billion recorded in 2021. Notably, U.S. exports in textiles and apparel to the Western Hemisphere experienced a significant rise of 14.9 percent, reaching a total of $18 billion in 2022. Therefore, increasing demand from the textile industry drives the naphthalene derivatives market.

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Prominent Trend - Ecofining Technology Pioneers Sustainable Naphthalene Derivatives In Petrochemical Manufacturing

Technology advancement is a key trend gaining popularity in the naphthalene derivatives market. Major companies in the naphthalene derivatives market are advancing with their new technology, such as Ecofining technology, in the naphthalene derivatives market. For instance, Honeywell, a US-based company operating in naphthalene derivatives introduced UOP Ecofining, a new technology that produces renewable naphtha for petrochemical manufacturing. The novel route may produce high yields of naphtha by utilizing environmentally friendly feedstocks such as recycled cooking oil and animal fats. The created Naphtha is an important petrochemical feedstock used to make plastics, notably olefins which serve as the basis for other chemicals and aromatics that are used to make polyester and other packaging materials.

Nephthalene Derivatives Market Players
Major companies operating in the nephthalene derivatives market report are Rutgers Chemicals GmbH, BASF SE, Huntsman International LLC, Koppers Inc., Arkema SA, Evonik Industries AG, Kao Corporation, Cromogenia-Units SA, Clariant AG, King Industries Inc., Carbon Tech Group Ltd., JFE Chemical Corporation, Rain Carbon Inc., Giovanni Bozzetto Spa, Covestro AG, Himadri Specialty Chemical Ltd., Nippon Steel Chemical & Material Co. Ltd., Merck Co. & KGaA, Sinopec Shanghai Petrochemical Company Limited, Shandong Hongyuan Chemical Co. Ltd., Asahi Kasei Corporation, Biosynth Carbosynth Ltd., Nouryon Chemicals (Jiaxing) Co. Ltd., LG Chem Ltd., Eastman Chemical Company, Wanhua Chemical Group Co. Ltd, Saudi Basic Industries Corporation, Chevron Phillips Chemical Company

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the naphthalene derivatives market share in 2023. The regions covered in the nephthalene derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nephthalene Derivatives Market Report Structure
3. Nephthalene Derivatives Market Trends And Strategies
4. Nephthalene Derivatives Market - Macro Economic Scenario
5. Nephthalene Derivatives Market Size And Growth
…..
27. Nephthalene Derivatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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