Naphthalene Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1342
Naphthalene Market size is projected to register sustainable growth owning to rise in demand of C10H8 derivative, sulfonated naphthalene-formaldehyde in construction industry. The derivative is used as superplasticizer in concrete mixtures to improve consistency and quality of water to cement ratio. The products’ derivative alkyl naphthalene sulfonate is used as a wetting agent in the process of scouring and as a dyeing agent in textile industry.
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.
Increasing demand for paint & coatings and leather products will stimulate the market growth of the product market in the forecasted period. Additionally, the product is used in the synthesis of rubber, rising demand for rubber will drive the naphthalene market size.
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. Mothballs have many benefits which includes creation of artificial pores in manufacturing high porosity grinding wheels, prevents damage to the clothes by completely removing moths, used in engineering to study heat transfer during sublimation, preserve woolen clothes and produce agrochemicals. 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.
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).
In 2016, researchers in Sydney University created a new carbon material by burning camphor which enables quantum computers to work at room temperature rather than at absolute zero temperature, thus making quantum computing commercially feasible.
The new production technology of camphor relates to the processing of pyrolysis tar, a liquid residue from gasoline pyrolysis. This process helps in extraction of pure camphor and a useful by-product, scrubbing oil.
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.
High levels of exposure to the product is toxic to aquatic and wildlife organisms. Inhalation of air with elevated levels of camphor can cause adverse health effects which include nausea, blood disorder, eye & skin irritation, headache, convulsions, confusion, and coma. Exposure to C10H8 at normal levels have no adverse effects on human health.
Product exists in solid and liquid forms. Several types of C10H8 available in the market include naphthalene sulfonic acid, alkyl naphthalene sulfonate salts, naphthalene-formaldehyde condensates and naphthols. Naphthalene sulfonate holds the largest market share due to its wide usage in construction industry.
The product is used in different end-use industries named construction, paper & pulp, paints & coatings, agrochemicals, pharmaceuticals, leather tanning, rubber synthesis, textiles and detergents.
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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