PUBLISHER: The Business Research Company | PRODUCT CODE: 1532023
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532023
Naphthalene sulfonates are a group of organic compounds derived from naphthalene, characterized by the presence of sulfonic acid functional groups attached to their structure. These compounds are known for their high water solubility and surfactant properties, which make them valuable in a variety of industrial applications. They are primarily employed as dispersing agents in concrete, dyes, and pesticides to enhance material dispersion and solubility.
The main types of naphthalene sulfonates include naphthalene sulfonic acid, sodium naphthalene sulfonate, calcium naphthalene sulfonate, and others. Naphthalene sulfonic acid, for instance, serves as a chemical compound utilized widely as a dispersant, dye intermediate, or concrete admixture.
The naphthalene sulfonate research report is one of a series of new reports from The Business Research Company that provides naphthalene sulfonate market statistics, including the naphthalene sulfonate industry's global market size, regional shares, competitors with a naphthalene sulfonate market share, detailed naphthalene sulfonate market segments, market trends and opportunities, and any further data you may need to thrive in the naphthalene sulfonate industry. This naphthalene sulfonate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The naphthalene sulfonate market size has grown strongly in recent years. It will grow from $0.85 billion in 2023 to $0.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. Historical growth can be credited to expansion in the construction sector, rapid urbanization, a burgeoning textile industry, rising consumer demand for household cleaning products, increased utilization of surfactants, and greater incorporation in concrete admixtures.
The naphthalene sulfonate market size is expected to see strong growth in the next few years. It will grow to $1.20 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. Anticipated growth is anticipated due to heightened demand for dispersants, expanding applications in pesticides and plasticizers, rising usage in personal care items, growing incorporation into industrial detergents, and increased demand for moth repellents. Key trends in the forecast period include advancements in household cleaning products, enhancements in the manufacturing of detergents and cleaning agents, improvements in production processes, the development of more efficient and environmentally friendly products, and advancements in synthetic detergents.
The growth of the naphthalene sulfonate market is expected to be driven by the expanding building and construction industry. This sector encompasses the planning, development, and construction of residential, commercial, and industrial structures and infrastructure. Factors fueling the growth of the building and construction industry include population growth, urbanization, infrastructure development, and renovation activities. Naphthalene sulfonate is utilized as a superplasticizer in construction to enhance the workability and strength of concrete mixes. For example, from the first quarter of 2022 to the first quarter of 2023, the construction industry in Northern Ireland saw a 6.5% overall expansion, with the housing sector increasing by 11.1% and infrastructure by 3.7%. Thus, the burgeoning building and construction industry are key drivers for the naphthalene sulfonate market.
Leading companies in the naphthalene sulfonate market are focusing on innovation to strengthen their market presence and gain competitive advantages. One such innovation is architectural powder coating, a finishing method where dry powder is applied and cured to enhance the efficiency and durability of concrete structures. This process improves the performance and compatibility of naphthalene sulfonate-based products in concrete applications. For instance, in November 2023, Akzo Nobel N.V. introduced Interpon D1036 Low-E, a low-energy powder coating that can be cured at temperatures as low as 150°C, significantly reducing energy consumption by up to 20% compared to traditional coatings. This product, enriched with naphthalene sulfonate, offers a greener alternative by eliminating TGIC.
In March 2023, Aimia Inc., a Canadian investment holding company, acquired Giovanni Bozzetto S.p.A. for $328 million. This acquisition is expected to bolster Aimia's position in the ESG-focused specialty chemicals sector, expand its global footprint, and establish a solid platform for future growth and profitability. Giovanni Bozzetto S.p.A., based in Italy, specializes in manufacturing chemical specialties such as naphthalene sulfonates for various industrial sectors.
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 Speciality 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.
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.
The countries covered in the naphthalene sulfonate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The naphthalene sulfonate market consists of sales of sodium naphthalene sulfonate, calcium naphthalene sulfonate, and potassium naphthalene sulfonate. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Naphthalene Sulfonate Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on naphthalene sulfonate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for naphthalene sulfonate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The naphthalene sulfonate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.