Global Outlook on the Naphthalene Derivatives Market 2017-2022: A $1.85 Billion Opportunity – ResearchAndMarkets.com

The “Naphthalene
Derivatives Market by Form (Powder, Liquid), Derivative (SNF, Phthalic
Anhydride, Naphthalene Sulfonic Acid, Alkyl Naphthalene Sulfonates,
Naphthols), End-Use Industry (Construction, Agrochemicals), and Region –
Global Forecast to 2022” report has been added to ResearchAndMarkets.com’s
offering.

The global naphthalene derivatives market is estimated at USD 1.53
billion in 2017 and is projected to reach USD 1.85 billion by 2022, at a
CAGR of 3.8% between 2017 and 2022.

The market is witnessing growth due to the growing demand from the
textile industry, especially in the emerging countries of Asia Pacific,
and increasing consumption of construction chemicals in developing
countries. Other end-use industries such as construction, agrochemicals,
textile, oil & gas, paints & coating, pulp & paper, and pharmaceuticals
are also expected to offer lucrative opportunities for the growth of the
naphthalene derivatives market.

Toxicity associated with naphthalene derivatives and preference for
alternate feedstock for phthalic anhydride are some of the major factors
restraining the growth of the market. Fluctuating energy prices and
overcapacity issues in China are challenging the growth of the global
naphthalene derivatives market globally.

Powder is estimated to be the fastest-growing form segment of the
naphthalene derivatives market during the forecast period. The demand
for powder form naphthalene derivatives has been stimulated due to the
growth in textile industry and increasing construction activities. Easy
availability of powdered form of naphthalene derivatives at room
temperature and their convenient transportation and packaging in
comparison to liquid form are the key factors responsible for the rapid
demand for powdered form of naphthalene derivatives.

SNF is estimated to be the fastest-growing segment, by derivative,
during the forecast period (2017-2022). The rapid growth of this segment
is attributed to its excellent water reducing ability in concrete
admixtures. SNF is used as a superplasticizer in concrete admixtures.
The increase in demand for high-grade concrete which provides stability,
tensile strength, and is cost effective in nature is expected to lead to
a rapid growth of this segment in the future.

Textile is projected to be the fastest-growing end-use industry segment
of the naphthalene derivatives market during the forecast period.
Extensive consumption of naphthalene derivatives such as alkylated
naphthalene sulphonated salts as surfactants, and naphthols and
naphthylamines as intermediates for synthesis of dyes and pigments is
expected to drive the growth of the textile end-use industry segment of
the naphthalene derivatives market.

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