Press release
Steady Expansion Forecast for Naphthalene Sulfonate Market, Projected to Reach $1.28 Billion by 2029
Naphthalene Sulfonate Market Size
Naphthalene Sulfonate Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the naphthalene sulfonate market has experienced substantial growth. The market is projected to rise from $0.91 billion in 2024 to $0.98 billion in 2025, representing a compound annual growth rate (CAGR) of 7.2%. The historical growth can be linked to the expansion of the construction industry, quick urbanization, the upward trend in the textile industry, increased need for household cleaning items, rising demand for surfactants, and widespread usage in concrete admixtures.
Naphthalene Sulfonate Market Size Forecast: What's the Projected Valuation by 2029?
There is a prediction for robust expansion in the naphthalene sulfonate market in the upcoming years. The market is set to reach $1.28 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this growth during the forecast period may be rising demand for dispersants, increased usage of pesticides and plasticizers, and the escalating use in personal care items, industrial detergents, and moth repellent products. The forecast period also signals some key trends like the creation of household cleaning products, the manufacturing of cleaning agents and detergents, advancements in production methods, the making of more efficient and environmentally-friendly products, and the inception of synthetic detergents.
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What Are the Drivers Transforming the Naphthalene Sulfonate Market?
Growth in the building and construction sector is anticipated to fuel the expansion of the naphthalene sulfonate market. This sector incorporates the design, building, and establishment of structures and infrastructure for residential, commercial, and industrial applications. Factors such as population growth, urbanization, infrastructure enhancements, and demand for renovation are propelling growth in the building and construction sector. Naphthalene sulfonate, as a superplasticizer, is utilized in the construction sector to enhance the workability and potency of concrete mixes. For instance, in June 2023, the Northern Ireland Statistics and Research Agency, a public authority based in the UK, published a quarterly construction survey indicating that from the first quarter of 2022 to the first quarter of 2023, the total construction sector grew by 6.5%. Additionally, the housing segment of construction increased by 11.1% and the infrastructure segment by 3.7%. Thus, the expansion of the construction and building sector is propelling the naphthalene sulfonate market's growth.
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What Long-Term Trends Will Define the Future of the Naphthalene Sulfonate Market?
Key players within the naphthalene sulfonate market are concentrating on the creation of novel solutions, such as architectural powder coating, to boost their prominence in the market and gain a competitive advantage. Architectural powder coating, a method where a dry powder is utilized and cured, enhances the robustness and efficacy of concrete structures by boosting the compatibility and performance of products based on naphthalene sulfonate in concrete operations. For example, in November 2023, Akzo Nobel N.V., a specialty chemical corporation based in the Netherlands, introduced Interpon D1036 Low-E. This innovative low-energy powder coating, which can be cured at temperatures as low as 150 °C, significantly reduces energy consumption. It is enhanced with naphthalene sulfonate, which enables it to lower consumption by up to 20% in comparison to traditional coatings, making it a more sustainable choice as it also drops the use of TGIC.
Which Segments in the Naphthalene Sulfonate Market Offer the Most Profit Potential?
The naphthalene sulfonate market covered in this report is segmented -
1) By Product Type: Naphthalene Sulfonic Acid, Sodium Naphthalene Sulfonate, Calcium Naphthalene Sulfonate, Other Product Types
2) By Form: Liquid, Powder
3) By Application: Dispersant Agent, Concrete Admixture, Dye Intermediate, Wetting Agent, Emulsifier, Other Applications
4) By End-Use Industry: Construction, Textile, Agrochemicals, Ceramics, Plastics, Other End-User Industries
Subsegments:
1) By Naphthalene Sulfonic Acid: Liquid Naphthalene Sulfonic Acid, Solid Naphthalene Sulfonic Acid
2) By Sodium Naphthalene Sulfonate: Sodium Naphthalene Sulfonate Powder, Sodium Naphthalene Sulfonate Solution
3) By Calcium Naphthalene Sulfonate: Calcium Naphthalene Sulfonate Powder, Calcium Naphthalene Sulfonate Granules
4) By Other Product Types: Potassium Naphthalene Sulfonate, Ammonium Naphthalene Sulfonate
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Which Firms Dominate the Naphthalene Sulfonate Market by Market Share and Revenue in 2025?
Major companies operating in the naphthalene sulfonate market are BASF SE, Thermo Fisher Scientific, Solvay S.A., Mitsui Chemicals Inc, Kao Corporation, Akzo Nobel N.V., Sika AG, Nouryon, GCP Applied Technologies Inc, Himadri Specialty Chemical Ltd, Mapei S.p.A., GEO Specialty Chemicals, Nease Co. LLC, TCI Chemicals (India) Pvt. Ltd., Bisley & Company, MUHU Construction Materials Company Limited, Alpha Chemical Corp, Hubei Aging Chemical Co. Ltd., Shandong Wanshan Chemical Co. Ltd., Vizag chemical, Yahska Polymer Pvt. Ltd.
Which Regions Offer the Highest Growth Potential in the Naphthalene Sulfonate Market?
Asia-Pacific was the largest region in the naphthalene sulfonate market in 2023. The regions covered in the naphthalene sulfonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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