PUBLISHER: The Business Research Company | PRODUCT CODE: 1712796
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712796
Sulfonated naphthalene formaldehyde, also known as poly naphthalene sulfonates (PNS), is a type of naphthalene derivative that exhibits minimal interaction with clay minerals. This particular derivative is available in liquid and powder forms sourced from coal tar, petroleum, and other origins. Its applications span across construction, agrochemicals, textiles, oil and gas, paints and coatings, pulp and paper, pharmaceuticals, among other industries.
Naphthalene derivatives encompass various types such as phthalic anhydride, naphthalene sulphonic acid, naphthols, alkyl naphthalene sulphonates salts, and other product variations. These derivatives, derived from sources like coal tar and petroleum, find extensive use in multiple industries including construction, agrochemicals, textiles, oil and gas, paints and coatings, pulp and paper, pharmaceuticals, and more.
The naphthalene derivatives market research report is one of a series of new reports from The Business Research Company that provides naphthalene derivatives market statistics, including naphthalene derivatives industry global market size, regional shares, competitors with a naphthalene derivatives market share, detailed naphthalene derivatives market segments, market trends and opportunities, and any further data you may need to thrive in the naphthalene derivatives industry. This naphthalene derivatives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The naphthalene derivatives market size has grown strongly in recent years. It will grow from $9.74 billion in 2024 to $10.44 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to historical growth in chemical industry, expansion in dye and pigment industries, application in plasticizers and polymers, role in pesticides and agrochemicals, contributions to construction industry.
The naphthalene derivatives market size is expected to see strong growth in the next few years. It will grow to $13.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growth in textile dyeing industry, innovation in construction materials, increasing demand in electronics, rise in green chemistry initiatives, exploration in pharmaceutical applications. Major trends in the forecast period include innovative solutions, strategic collaborations, focus on healthcare and pharmaceuticals, exploration in agrochemicals, and emergence of high-performance polymers.
The growth expected in the naphthalene derivatives market is closely tied to the expansion of the textile industry. This sector encompasses research, design, production, and distribution of textiles and apparel. Increasing living standards and higher discretionary income drive spending in fabrics and textiles, utilizing naphthalene derivatives for dyeing and bleaching. As per the National Council of Textile Organizations (NCTO) report in May 2023, the U.S. textile sector witnessed a notable increase in shipments, reaching $65.8 billion in 2022 from $64.04 billion in 2021. The surge in U.S. exports of textiles and apparel to the Western Hemisphere notably contributed to the rising demand propelling the naphthalene derivatives market.
The burgeoning construction sector is poised to significantly impact the naphthalene derivatives market. These derivatives, instrumental in producing concrete additives like superplasticizers and plasticizers, enhance concrete's durability and workability, thereby fostering heightened demand in construction. Notably, a report by the UK's Office for National Statistics in March 2023 highlighted a 0.3% increase in quarterly construction production in Q4 2022 compared to Q3 2022. Moreover, after a remarkable 12.8% growth in 2021, the annual construction production witnessed a 5.6% rise in 2022 over 2021. This growth trajectory in construction directly fuels the expansion of the naphthalene derivatives market.
Technology advancement is a key trend gaining popularity in the naphthalene derivatives market. Major companies in the naphthalene derivatives market are advancing with their new technology, such as Ecofining technology, in the naphthalene derivatives market. For instance, Honeywell, a US-based company operating in naphthalene derivatives introduced UOP Ecofining, a new technology that produces renewable naphtha for petrochemical manufacturing. The novel route may produce high yields of naphtha by utilizing environmentally friendly feedstocks such as recycled cooking oil and animal fats. The created Naphtha is an important petrochemical feedstock used to make plastics, notably olefins which serve as the basis for other chemicals and aromatics that are used to make polyester and other packaging materials.
Major companies in the naphthalene derivatives market are pursuing strategic partnerships to enhance technology integration and broaden their market reach. A strategic partnership typically involves a collaborative relationship between two or more organizations that combine their resources, expertise, and efforts to achieve shared goals. For example, in November 2022, Sulzer Chemtech Ltd., a Switzerland-based chemical company, formed a strategic partnership with PT. Dongsuh Indonesia (DSI), an Indonesia-based manufacturing firm, to improve the naphthalene downstream sector. Sulzer is supplying process engineering and an advanced separation unit for DSI's plant in Serang, Indonesia, facilitating the production of high-purity naphthalene for demanding quality applications. This collaboration utilizes Sulzer's established falling film crystallization technology, widely used by leading naphthalene producers worldwide. Before the delivery, Sulzer conducted feasibility studies and pilot testing to ensure DSI could produce concentrations of up to 99.9 wt%, with an overall production capacity of 7,000 metric tons per annum.
In October 2022, Clariant, a Swiss chemical enterprise, finalized the acquisition of BASF's U.S. Attapulgite business assets for a sum of US$60 million. This strategic move bolsters Clariant's attapulgite chemicals portfolio, enhances production capabilities to cater to the escalating demand for renewable fuels and ensure reliability in the supply chain for edible oils. Additionally, it serves to expand Clariant's presence and operations in North America. BASF, headquartered in Germany, is a manufacturer of diverse chemicals, including naphthalene derivatives utilized across various industrial applications.
Major companies operating in the naphthalene derivatives market report are Rutgers Chemicals GmbH, BASF SE, Huntsman International LLC, Koppers Inc., Arkema SA, Evonik Industries AG, Kao Corporation, Cromogenia-Units SA, Clariant AG, King Industries Inc., Carbon Tech Group Ltd., JFE Chemical Corporation, Rain Carbon Inc., Giovanni Bozzetto Spa, Covestro AG, Himadri Specialty Chemical Ltd., Nippon Steel Chemical & Material Co. Ltd., Merck Co. & KGaA, Sinopec Shanghai Petrochemical Company Limited, Shandong Hongyuan Chemical Co. Ltd., Asahi Kasei Corporation, Biosynth Carbosynth Ltd., Nouryon Chemicals (Jiaxing) Co. Ltd., LG Chem Ltd., Eastman Chemical Company, Wanhua Chemical Group Co. Ltd., Saudi Basic Industries Corporation, Chevron Phillips Chemical Company
Asia-Pacific was the largest region in the naphthalene derivatives market share in 2023. The regions covered in the nephthalene derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the nephthalene derivatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The naphthalene derivatives market consists of sales of sulfonated melamine-formaldehyde condensates (SMF), modified lignosulfonates (MLS), sodium 1-naphthalenesulfonate, ethyl naphthalene sodium sulfonate, and propyl group sodium naphthalene. 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 Derivatives Global Market Report 2025 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 derivatives 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 derivatives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The naphthalene derivatives 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.