Naphthalene Market - By Source (Coal Tar & Petroleum), By Form (Flakes, Cake, Powder, & Crystals), By Purity (Less than 99% & 99% & Above), By Grade (Technical Grade, Special Grade, Reagent Grade, & Scintillation Grade), By Application (Plasticizer, Pesticides, Synthetic Resin, Dye Intermediate, Phthalic Anhydride, Wood Preservative, Fuel Additive, Lubricants, Mothball, & Others), By End Use Industry (Textile, Agriculture, Building & Construction, Chemical, Plastic, Pharmaceutical, & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030

Report Code: CMR 23821 Report Format: PDF + Excel

Naphthalene Market Overview

Naphthalene market size is estimated to reach US$ 1.2 billion by 2027 and it is projected to grow at a CAGR of 3.5% during 2022-2027. Naphthalene is mainly found in petroleum and coal tar and it is volatile, white, crystalline solid type of aromatic hydrocarbon containing two fused benzene rings. It is also known as camphor tar, white tar, naphthene, and naftalen. It owns strong odor of coal tar and is insoluble in water. It is extensively used in several applications such as synthetic resins, plasticizer, phthalic anhydride, dyes, lubricants, and plastic inducing others. It is widely used in mothballs and toilet deodorant cakes which is remarkably used in several applications. These are also utilized as fuel additive and wood preservative. However, it acts as a human carcinogen which may hamper its market growth during the forecast period.

Naphthalene Market

COVID-19 Impact

Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The industries such as building and construction, agriculture, and textile including many others have experienced pitfalls. Many projects in such industries have been halted due to an interrupted supply chain and employee shortages due to quarantines. Also, the production and demand in plastic industry has declined due to an interrupted supply chain and cessation in transportation of raw materials. Moreover, there was a sharp decrease in the construction projects due to unavailability of labor. Thus, the global pause in industrial production and distribution, the demand and consumption of naphthalene has hampered to an extent in several industries. 

Report Coverage

The report: “Naphthalene Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the naphthalene industry .

By Source: Coal Tar and Petroleum
By Form: Flakes, Cake, Powder, and Crystals
By Purity: Less than 99% and 99% and Above
By Grade: Technical Grade, Special Grade, Reagent Grade, and Scintillation Grade
By Application: Plasticizer, Pesticides, Synthetic Resin, Dye Intermediate, Phthalic Anhydride, Wood Preservative, Fuel Additive, Lubricants, Mothball, and Others
By End Use Industry: Textile, Agriculture, Building and Construction, Chemical, Plastic, Pharmaceutical, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), and South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

  • Asia Pacific is the leading region in the global naphthalene market. This growth is mainly attributed to the increased demand for naphthalene in plastic and agriculture industry. 
  • Phthalic anhydride is expected to be the significant segment owing to the surge in demand for naphthalene in its production.
  • Naphthalene plays an important role in several industries especially in the plastic, pharmaceutical, and textile which is expected to provide significant growth opportunity for the global market.

Figure: Asia Pacific Naphthalene Market Revenue, 2021-2027 (US$ Billion)

Naphthalene Market

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Naphthalene Market Segment Analysis – By Form

The cake segment held the largest share in the naphthalene market share in 2021 and it is expected to grow with a CAGR of around 3.9% during the forecast period. Naphthalene is also known as camphor tar or white tar which is widely used in range of applications. It has a distinctive odor and it is a white solid material. The cake form of naphthalene is remarkably used in mothballs and toilet deodorant cakes. This form is used to store clothes, toilets, and wash basins. It is also utilized as animal repellent and kill insects. However, such use of naphthalene can cause health issues such as damaging of blood cells and it is recommended to restrict the use of mothballs around the children.

Naphthalene Market Segment Analysis – By Application

The phthalic anhydride segment is expected to grow at the fastest CAGR of 4.2% during the forecast period in the global naphthalene market. Naphthalene is widely produced from coal tar or petroleum and owns a distinctive odor. It is significantly used in several applications such as synthetic resin, lubricants, fuel additive, and plasticizers including many others. Phthalic anhydride is the major application of naphthalene where it is widely used in its production. The world demand for phthalic anhydride is in millions of tons every year. It is further used in the production of dyes, resins, insect repellents, and plasticizers as an intermediate. It is considered as one of the most vital industrial chemicals used in the extensive production of plasticizers for plastics. It also has increase in demand for the production of polyester resin. Thus, high demand of phthalic anhydride is boosting the demand for naphthalene. However, currently o-xylene is acting as a substitute material for the production of phthalic anhydride which may hamper the market demand for naphthalene.

Naphthalene Market Segment Analysis – By Geography

The Asia Pacific is the leading region accounts for the largest share in the naphthalene market in 2021 and held nearly 35% of market share. This growth is mainly attributed to the increase in demand for naphthalene in several end use industries in this region such as building and construction, textile, agriculture, and plastic including others. Naphthalene is widely utilized in the production of plasticizers, dyestuff, phthalic anhydride, and pesticide. Phthalic anhydride is the major application of naphthalene and it is further used in the production of plastic. Plastic is one of the most significant industries in Asia Pacific which is increasing the demand for naphthalene in it. According to research by Plastics Europe, world market for plastic valued at USD 568.9 billion in 2019 and Asia Pacific accounted for nearly half market share in terms of production and 38% share in terms on consumption. Thus, the increase in production of plastic in this region, in turn, increases the demand for naphthalene.

Naphthalene Market Drivers

Wide Range of Applications of Naphthalene

Naphthalene is considered as one of simplest form of aromatic hydrocarbons containing two benzene rings and mainly produced using petroleum or coal tar. It is commonly used as traditional mothball in household and as deodorizing cake in toilets. It is recommended to use for both indoor and outdoor residential use. It further utilized as carbamate insecticides, lubricants, and fuel additive. Synthetic resin, plastics, textile dyes, and fuel additive are few of the major applications of naphthalene. It is also employed as beta blocking agent in the manufacturing of nadoxolol drug. Sulphonated naphthalene is utilized as a surfactant. Thus, aforementioned wide range of applications of naphthalene is driving the growth of global market.

Surge in Demand as an Intermediate in Several Industries

Naphthalene is used in numerous industries such as textile, agriculture, building and construction, chemical, and plastic including many others in different applications. Phthalic anhydride is one of the most significant applications of naphthalene where large quantity of naphthalene is consumed. Further, phthalic anhydride is used to produce plasticizers to produce plastic. Phthalic anhydride is further used as an intermediate in the production of resins, insect repellent, and pharmaceuticals including many others. According to research by Plastics Europe, world produces around 359 million tons of plastic annually. The global plastic market in 2019 was valued at USD 568.9 billion and by 2035, it is estimated to reach to the value of USD 1 trillion. Further, naphthalene is also utilized as an intermediate in the dye manufacturing, as a synthetic tanning agent, surface active agent, and used in numerous miscellaneous organic chemicals. Thus, increase in demand for naphthalene as an intermediate is fueling the global market growth.

Naphthalene Market Challenges

Health Hazards Associated with the Use of Naphthalene

Over the years, naphthalene is commonly been used in household as mothballs to store clothes and a toilet deodorizing cake. However, it is recommended that naphthalene should be used under controlled condition as swallowing or inhalation of naphthalene can damage red blood cells which further causes paleness, fatigue, nausea, and vomiting. Dermal contact and ingestion of naphthalene can damage liver, neurological system, and cause anemia. It has also been reported that human acutely exposed by ingestion or inhalation of naphthalene can cause cataracts. Further, skin exposure to naphthalene can cause redness, weeping, itching, and scaling of the skin. Thus, the threats related to health associated with the use of naphthalene may hamper the market during the forecast period.

Naphthalene Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the naphthalene market. Naphthalene market top 10 companies include -

1. Bengal Chemicals & Pharmaceuticals Ltd.
2. DEZA a.s
3. Epsilon Carbon Private Limited
4. Exxon Mobil Corporation
5. Gautam Zen International
6. Industrial Quimica del Nalon SA
7. JFE Chemical Corporation
8. Koppers Inc.
9. PCC Rokita SA
10. Rain Carbon Inc.

Recent Developments

  • In December 2021, Exxon Mobil Corporation announced the acquisition of Materia Inc., a California based company. The company has previously collaborated to produce novel hydrocarbon-based materials.
  • In July 2019, Bengal Chemicals & Pharmaceuticals Ltd., India’s first pharmaceutical company has announced its strategic sale. However, company’s products such as naphthalene balls, aqua ptychotis, and cantharidine hair oil would be distributed through company’s own retail outlets and e-commerce sites.
  • In June 2019, Koppers Inc., a subsidiary of Koppers Holdings Inc. has announced its plan to cease the production activities of its facility in Follansbee, West Virginia. The company stated that it has ceased its naphthalene refining activities at the Follansbee facility in 2018.

Relevant Reports

Aroma Chemicals Market Analysis - Forecast(2022 - 2027)

Report Code: CMR 0330

 Plasticizers Market - Forecast(2022 - 2027)

Report Code: CMR 0146

Global Phthalic Anhydride Market - Forecast(2022 - 2027)

Report Code: CMR 81157

For more Chemicals and Materials Market reports, please click here

1. Naphthalene Market- Market Overview
    1.1 Definitions and Scope
2. Naphthalene Market - Executive Summary
    2.1 Key Trends by Source
    2.2 Key Trends by Form
    2.3 Key Trends by Purity
    2.4 Key Trends by Grade
    2.5 Key Trends by Application
    2.6 Key Trends by End Use Industry
    2.7 Key Trends by Geography
3. Naphthalene Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Naphthalene Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Naphthalene Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Naphthalene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Naphthalene Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Naphthalene Market – By Source (Market Size -$Million/Billion)
    8.1 Coal Tar
    8.2 Petroleum
9. Naphthalene Market – By Form (Market Size -$Million/Billion)
    9.1 Flakes
    9.2 Cake
    9.3 Powder
    9.4 Crystals
10. Naphthalene Market – By Purity (Market Size -$Million/Billion)
    10.1 Less than 99%
    10.2 99% and Above
11. Naphthalene Market – By Grade (Market Size -$Million/Billion)
    11.1 Technical Grade
    11.2 Special Grade
    11.3 Reagent Grade
    11.4 Scintillation Grade
12. Naphthalene Market – By Application (Market Size -$Million/Billion)
    12.1 Plasticizer
    12.2 Pesticides
    12.3 Synthetic Resin
    12.4 Dye Intermediate
    12.5 Phthalic Anhydride
    12.6 Wood Preservative
    12.7 Fuel Additive
    12.8 Lubricants
    12.9 Mothball
    12.10 Others
13. Naphthalene Market – By End Use Industry (Market Size -$Million/Billion)
    13.1 Textile
    13.2 Agriculture
    13.3 Building and Construction
    13.4 Chemical
    13.5 Plastic
    13.6 Pharmaceutical
    13.7 Others
14. Naphthalene Market - By Geography (Market Size -$Million/Billion)
    14.1 North America
        14.1.1 USA
        14.1.2 Canada
        14.1.3 Mexico
    14.2 Europe
        14.2.1 UK
        14.2.2 Germany
        14.2.3 France
        14.2.4 Italy
        14.2.5 Netherlands
        14.2.6 Spain
        14.2.7 Russia
        14.2.8 Belgium
        14.2.9 Rest of Europe
    14.3 Asia-Pacific
        14.3.1 China
        14.3.2 Japan
        14.3.3 India
        14.3.4 South Korea
        14.3.5 Australia and New Zeeland
        14.3.6 Indonesia
        14.3.7 Taiwan
        14.3.8 Malaysia
        14.3.9 Rest of APAC
    14.4 South America
        14.4.1 Brazil
        14.4.2 Argentina
        14.4.3 Colombia
        14.4.4 Chile
        14.4.5 Rest of South America
    14.5 Rest of the World
        14.5.1 Middle East
        14.5.2 Africa
15. Naphthalene Market – Entropy
    15.1 New Product Launches
    15.2 M&As, Collaborations, JVs and Partnerships
16. Naphthalene Market – Industry/Competition Segment Analysis Premium
    16.1 Company Benchmarking Matrix – Major Companies
    16.2 Market Share at Global Level - Major companies
    16.3 Market Share by Key Region - Major companies
    16.4 Market Share by Key Country - Major companies
    16.5 Market Share by Key Product Type/Product category - Major companies
17. Naphthalene Market – Key Company List by Country Premium Premium
18. Naphthalene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    18.1 Company 1
    18.2 Company 2
    18.3 Company 3
    18.4 Company 4
    18.5 Company 5
    18.6 Company 6
    18.7 Company 7
    18.8 Company 8
    18.9 Company 9
    18.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"

LIST OF TABLES

1.Global Naphthalene Market, by Type Market 2023-2030 ($M)
2.Global Naphthalene Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Naphthalene Market, by Type Market 2023-2030 (Volume/Units)
4.Global Naphthalene Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Naphthalene Market, by Type Market 2023-2030 ($M)
6.North America Naphthalene Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Naphthalene Market, by Type Market 2023-2030 ($M)
8.South America Naphthalene Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Naphthalene Market, by Type Market 2023-2030 ($M)
10.Europe Naphthalene Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Naphthalene Market, by Type Market 2023-2030 ($M)
12.APAC Naphthalene Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Naphthalene Market, by Type Market 2023-2030 ($M)
14.MENA Naphthalene Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)

LIST OF FIGURES

1.US Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
2.Canada Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
3.Mexico Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
4.Brazil Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
5.Argentina Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
6.Peru Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
7.Colombia Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
8.Chile Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
10.UK Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
11.Germany Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
12.France Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
13.Italy Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
14.Spain Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
16.China Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
17.India Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
18.Japan Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
19.South Korea Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
20.South Africa Global Naphthalene Industry Market Revenue, 2023-2030 ($M)
21.North America Global Naphthalene Industry By Application
22.South America Global Naphthalene Industry By Application
23.Europe Global Naphthalene Industry By Application
24.APAC Global Naphthalene Industry By Application
25.MENA Global Naphthalene Industry By Application