Naphthalene Market Projected to Reach USD 6.04 Billion by 2032 | Expanding Construction and Textile Industries Driving Market Growth
The naphthalene market is experiencing substantial growth, driven by its increasing construction, textiles, and chemical manufacturing utilization.
Austin, April 01, 2025 (GLOBE NEWSWIRE) — The naphthalene market is projected to reach a valuation of USD 6.04 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.53% from 2024 to 2032. Naphthalene is an important intermediate chemical used in the synthesis of phthalic anhydride, naphthalene sulfonates, and many more industrial applications. For instance, the rising need for high-performance plasticizers used in concrete admixtures and the use of methacrylate butadiene styrene in dye and resin production are expected to drive the growth of the market. Furthermore, increasing infrastructural developments and innovations in processes used for the production of textile dyes are impacting the dynamics of the market.
The development of the environmental naphthalene production process, as well as the technique of deep coal tar distillation, are contributing to the production of naphthalene with a high economic efficiency. Additionally, rising expenditure on r&D towards developing biodegradable naphthalene-based products is influencing the market landscape. This, coupled with the increasing use of various naphthalene-derived intermediates in agrochemicals, and pharmaceuticals, is projected to continue driving the global market.
Download PDF Sample of Naphthalene Market @ https://www.snsinsider.com/sample-request/5861
Key Players:
- Rain Carbon Inc. (Calcined Petroleum Coke, Coal Tar Pitch)
- JFE Chemical Corporation (Naphthalene, Phthalic Anhydride)
- ExxonMobil Corporation (Crude Oil, Petrochemicals)
- CARBOTECH (Activated Carbon, Carbon Solutions)
- Epsilon Carbon Private Limited (Hard Carbon Black, Coal Tar Pitch)
- Koppers Inc. (Carbon Materials, Wood Treatment Chemicals)
- Rütgers Group (Aromatic Chemicals, Resins)
- Nippon Steel Chemical Co., Ltd. (Naphthalene, Benzene)
- Baoshan Iron & Steel Co., Ltd. (Steel Products, Naphthalene)
- Haldia Petrochemicals Limited (Polymers, Chemicals)
- Daejung Chemicals & Metals Co., Ltd. (Naphthalene, Chemical Reagents)
- Himadri Speciality Chemical Ltd. (Advanced Carbon Materials, Naphthalene)
- Formosa Petrochemical Corporation (Petrochemical Products, Naphtha)
- WUXI HENGLI PETROCHEMICALS CO., LTD. (Petrochemical Products, Naphthalene)
- JFE Shoji Trade Corporation (Chemicals, Naphthalene)
- Shandong Sanwei Trade Co., Ltd. (Chemical Products, Naphthalene)
- RÜTGERS Belgium NV (Chemical Intermediates, Naphthalene)
- Aum Chemicals (Naphthalene Balls, Industrial Chemicals)
- Sinobioway Group Co., Ltd. (Biochemicals, Naphthalene)
- Mangalore Chemicals & Fertilizers Limited (Sulphonated Naphthalene Formaldehyde, Urea)
Naphthalene Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 4.42 Billion |
| Market Size by 2032 | USD 6.04 Billion |
| CAGR | CAGR of 3.53% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Source (Coal Tar, Petroleum) • By Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides, Others) |
| Key Drivers | • Volatility in feedstock prices which drives market growth. |
If You Need Any Customization on Naphthalene Market Report, Inquire Now @ https://www.snsinsider.com/enquiry/5861
Which Region Leads the Naphthalene Market Growth?
Asia Pacific dominated the naphthalene market, accounting for approximately 42% of the total market share by value in 2023. The region’s leadership is attributed to the high consumption of naphthalene sulfonates in the construction sector, particularly in China, India, and Japan. China’s rapid urbanization and government-led infrastructure projects have increased the demand for naphthalene-based superplasticizers in concrete admixtures. India’s robust textile industry, supported by initiatives such as the Production-Linked Incentive (PLI) scheme, has further propelled naphthalene consumption in dye production.
Furthermore, key players like Koppers Inc. and Nippon Steel Chemical & Material Co., Ltd. are expanding their production facilities across the Asia Pacific to capitalize on the growing demand. The cost-effective production processes and easy availability of coal tar as a primary raw material contribute to the region’s stronghold in the global naphthalene market.
Market Segmentation
By Source
In 2023, the coal tar segment accounted for 68% of the naphthalene market share. Coal tar-derived naphthalene remains the primary source due to its high purity and cost efficiency. The presence of major coal tar distillation facilities, particularly in China and Europe, supports this segment’s dominance.
Meanwhile, the petroleum-derived naphthalene segment is witnessing moderate growth, driven by advancements in petroleum-refining technologies. The increasing focus on sustainable and less carbon-intensive extraction processes is expected to fuel demand for petroleum-based naphthalene in the coming years.
By Application
In 2023, the largest market share was determined by phthalic anhydride manufacturing, approximately 32%. Because of its high dosage in the manufacture of plasticizers, unsaturated polyester resins (UPRs), and alkyd resins. One of its intermediates, phthalic anhydride, is essential for the production of flexible polyvinyl chloride (PVC), coatings, paints, and adhesives used in the construction, automotive, and packaging industries. Consumption patterns of phthalic anhydride have, in a large part, been driven by the booming growth in infrastructure projects in major economies and industrial regions, particularly in the Asia-Pacific region. Finally, it employs high-purity naphthalene-based phthalic anhydride (which is selected for performance applications that demand high performance and long service life). Though there are alternatives available and strict regulations being enforced, phthalic anhydride remains the leading product in the market, supported by increasing investments in plastics, resins, and polymer industries.
Recent Developments
- In 2023, Koppers Inc. expanded its naphthalene production capacity to cater to the rising demand from the construction and chemical industries, strengthening its supply chain capabilities.
- In 2023, Rain Carbon Inc. announced an investment in advanced coal tar distillation technology, aiming to enhance the sustainability and efficiency of naphthalene extraction processes.
- In 2023, JFE Chemical Corporation launched a new line of high-purity naphthalene products designed for use in premium-quality dye and resin applications, catering to the evolving needs of the textile and coatings industries.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Naphthalene Market Segmentation, By Source
8. Naphthalene Market Segmentation, By Application
9. Regional Analysis
10. Company Profiles
11. Use Cases and Best Practice
12. Conclusion
Buy Full Research Report on Naphthalene Market 2024-2032 @ https://www.snsinsider.com/checkout/5861
Buying Options
- 5 Reports Pack (USD 7500)
- 10 Report Pack (USD 12000)
- Vertical Subscription (150 Reports Pack Valid for 1 Year)
- Use this link to Purchase above packs @ https://www.snsinsider.com/subscription
[For more information or need any customization research mail us at info@snsinsider.com]
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
CONTACT: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.