Press release
Naphthalene Market Industry Growth Forecast from 2016 to 2024
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Robust growth in the textile industry is going to drive the naphthalene market in the forecasted time. Increasing usage of C10H8 in wall tiles for water proofing systems, improving interiors of commercial and residential spaces will boost the naphthalene market.
The product has a peculiar odor, easily converts from solid to gaseous state and is derived from coal tar and as a by-product of steel industry. It is known with different names which includes mothballs, white tar, tar camphor and moth flakes. Additionally, the product is used in pharmaceuticals industry to treat osteoarthritis, asthma, fungal infections, cold sores and minor burns which will boost naphthalene market size.
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U.S government has developed regulations and advisories to limit the camphor concentration in the environment. The regulation is developed by Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) which states that the C10H8 level in workplace air during eight hours’ workday cannot exceed over 10 parts per million (PPM).
The major restraints for the naphthalene market includes toxic nature of the product, fluctuations in price of crude oil and availability of alternate material in market to produce camphor derivatives which will affect the industry growth.
The Naphthalene Market Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Naphthalene Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2017 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Naphthalene Market Product Insights
5. Naphthalene Market Application Insights
6. Naphthalene Market Regional Insights
7. Competitor Profiles
Asia-Pacific region, led by India naphthalene market is the largest potential market for the product. major factors responsible for growth of product in this region include rising construction activities, investments from foreign countries and living standards.
North America and Europe will experience a moderate growth rate owing to strict rules and regulations in the region. Middle East & Africa and Latin America will register a sluggish growth rate in naphthalene market during the forecast time frame due to presence of less end user industries in regions.
The naphthalene market is consolidated with many companies manufacturing worldwide. The key market players for the product market include RUTGERS GROUP, BASF SE, Industrial Quimica del Nalon, Evonik Industries, PCC Rokita, Merck Group, Iwaki Seiyaku, Daikaffil Chemicals India, RUTGERS Belgium., Apin Chemicals, Arkema, Huntsman International, GIOVANNI BOZZETTO, AVH chemicals, SAIL, Koppers, King Industries, Cromogenia-Units, Kao Corporation and Clariant.
Recently companies have adopted several strategies to capture naphthalene market which include expansion, investments, merger and acquisitions. In July 2014, Koppers Inc decided to relocate C10H8 production plant to consolidate its tar distillation operation which will increase the production of camphor to meet the needs of the end user segment. The company is a global producer of treated wood products and carbon compounds. The products of company are traded under the symbol KOP.
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Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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