Press release
Naphthalene Market to see Huge Growth by 2031
Global naphthalene market is anticipated to grow at a CAGR of 8.4% during the forecast period (2024-2031). A major factor supporting the market growth is its versatile applications across various industries. Naphthalene serves as a crucial raw material in the production of a wide range of chemicals, including phthalic anhydride, naphthalene sulfonates, and low-volatility solvents. Additionally, it finds extensive use in moth repellents and pesticides. The diverse utility of naphthalene in these sectors, combined with its properties such as high purity and effectiveness, drives its demand globally.Global market players are driving the market through partnerships and expansions are also supporting market growth. For instance, in November 2022, Sulzer Chemtech Ltd. entered into a partnership with Dong-Suh company in Indonesia to advance the naphthalene downstream industry. Sulzer Chemtech will provide process engineering expertise and essential equipment to facilitate the establishment of a cutting-edge separation unit at Dong-Suh's plant in Serang, Indonesia. This strategic initiative aims to enhance the production of highly pure naphthalene, thereby bolstering the company's capabilities in the region's burgeoning naphthalene market.
In September 2022, Epsilon Carbon announced a significant expansion in its carbon black production capacity. With a new investment of approximately $71.0 million in Karnataka, India, Epsilon Carbon plans to increase its annual carbon black production capacity from 115,000 tons to 215,000 tons. This expansion project not only signifies Epsilon Carbon's commitment to meeting growing market demand but also underscores the versatile applications of naphthalene derived from carbon black feedstock, including the production of phthalic anhydrides, pesticides, and concrete plasticizers.
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Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Source
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Koppers Inc., Rain Industries Ltd., Himadri Speciality Chemical Ltd., EVRAZ plc, and Exxon Mobil Corporation, among others.
Naphthalene Market Report Segment
By Source
Coal Tar
Petroleum
By Application
Phthalic Anhydride
Naphthalene Sulfonates
Low-Volatility Solvents
Moth Repellent
Pesticides
Others (Concrete Admixtures, Dye Intermediates, Synthetic Resins, Tanning Agents, Lubricants, Disinfectants, Antiseptics, Emulsifying Agents, Wood Preservation Products and Specialty Chemicals)
A full Report of Naphthalene Market is Available @ https://www.omrglobal.com/industry-reports/naphthalene-market
Company Profiles
BASF SE
CARBOTECH
DEZA a. s.
Dong-Suh Chemical Ind. Co., Ltd
Epsilon Carbon Private Limited
EVRAZ plc
Gautam Zen International
Himadri Speciality Chemical Ltd.
Huanghua Xinnuo Lixing
JFE Chemical Corporation
Koppers Inc.
Merck KGaA
OCI Holdings Company Ltd.
PCC Rokita SA
Química del Nalón
Shandong Weijiao Group Co. Ltd.
TULSTAR PRODUCTS INC.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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