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
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.
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)
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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
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