Naphthalene Derivatives Market Size, Share, Industry, Forecast and outlook (2024-2031)

Naphthalene Derivatives Market is Segmented By Source(Coal Tar, Petroleum-Based Feedstock), By Form(Liquid Form, Powder Form), By Derivatives(Sulphonated Naphthalene Formaldehyde (SNF), Phthalic Anhydride, Naphthalene Sulphonic Acid, Alkyl Naphthalene Sulphonates Salts (ANS), Naphthols, Others), By End-User(ConstructionTextiles, Agrochemicals, Pharmaceuticals, Oil & Gas, Paints & Coatings, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Naphthalene Derivatives Market Overview

The Report analyses the Global Naphthalene Derivatives Market is expected to reach at a CAGR of 3.5% during the forecast period (2023-2030). Global Naphthalene Derivatives Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Agrochemicals, Paints & Coatings, Pharmaceuticals, Textiles, Oil & Gas in Asia Pacific is rising. Competitive rivalry intensifies with Koppers, Carbon Tech Group, Clariant and others operating in the market.

Naphthalene derivatives are utilized as chemical intermediates in various sectors, including textiles, medicines, rubber, photography, agrochemicals, detergents and construction. In the textile business, naphthalene compounds are employed in the dyeing process. Naphthalene derivatives are useful substances in agriculture because of their insecticidal qualities. They also serve as plasticizers or dispensers in producing high-quality concrete and plasterboards.

Naphthalene derivatives in the powered form are widely employed and account for the biggest market share in the worldwide naphthalene derivatives market. Powered naphthalene derivatives are easier to package, organize and ship than liquid naphthalene derivatives.

Naphthalene Derivatives Market Scope

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Naphthalene Derivatives Market Dynamics

The market's rise can be attributed to the development of biobased and more ecologically acceptable naphthalene derivatives. A progressive shift toward developing ecologically acceptable naphthalene derivatives can enhance corrosion inhibitor acceptance among long-term end-users and propel the market toward long-term growth. The strong expansion of the construction sector and paints & coatings globally is the key factor driving the global naphthalene derivatives market size over the forecast timeframe.

Growing textile industry in developing countries

Because of their wetting and defoaming qualities, alkyl naphthalene sulfonates are widely employed in the textile industry for bleaching and dying operations. Azo dyes, which make up many commercial dyes, are widely utilized in the textile industry. The dyes utilize alkyl naphthalene sulfonates as a precursor. They come in several colors and can be used for various materials. 

Naphthalene derivatives can also be used as color intermediates, such as naphthylamines and sulfuric acid salts. Asia-Pacific contains the world's largest population and is a significant hub for the textile and garment industries, with China dominating since the 1980s. Because of the economy's development, the textiles industry's growth is increasing. 

Wide applications of naphthalene derivatives

Building and construction, agrochemicals, textiles, detergent, oil & gas, paints & coatings, pulp & paper and pharmaceuticals are just a few industries that employ naphthalene derivatives. Among the industries, the building & construction industry is quickly expanding in emerging markets worldwide and it will play a major role in offering future growth potential for naphthalene derivatives.

Insecticides and pesticides made from naphthalene derivatives are widely utilized in the agrochemical industry. One of the most common insecticides in agriculture is 1-naphthyl-N-methylcarbamate (carbaryl). Naphthalene acetic acid is used in plants as a growth regulator to increase wheat production.

Wetting agents such as alkyl naphthalene sulfonates (ANS) effectively disperse colloidal systems in aqueous mediums. The textiles sector, which exploits the wetting and defoaming capabilities of ANS for bleaching and dying operations, is ANS's most common commercial application. Many synthetic colors use amino naphthalene sulfonic acids as intermediates, substituted with amines and sulfonic acids.

1-naphthol and 2-naphthol, precursors for numerous pigments, dyestuffs, rubber processing chemicals and other chemical & pharmaceutical products, are synthesized using naphthalene sulfonic acids. In Croatia, naphthalene is extracted from natural mineral oil and used to treat skin conditions such as eczema. As a result, the growing use of naphthalene derivatives in many end-use sectors would increase demand.

Toxicity of naphthalene derivatives

Naphthalene and its derivatives can be released into the air by moth repellent, cigarette smoke, wood-burning and accidental spills, posing environmental dangers. Naphthalene and its derivatives are quickly absorbed into the water by soil particles. Because of their volatility, they can easily evaporate into the air. In the presence of moisture and sunshine, naphthalene is quickly transformed into 1 naphthol or 2-naphthol, which can raise the amount of toxicity in the air, posing several health risks.

Acute inhalation, ingestion and skin contact with naphthalene can cause hemolytic anemia and liver & brain damage. Chronic naphthalene exposure in humans and rats can cause cataracts and retinal impairment. A pregnant woman's exposure to naphthalene can cause anemia, passing on to the unborn child. Breastfeeding can also transfer naphthalene from the mother's blood to the baby's. Naphthalene and its derivatives have been shown to cause reproductive harm in animals and are carcinogenic. Naphthalene and coal tar vapors can cause laryngeal carcinomas, pylorus and cecum neoplasms.

Because of naphthalene derivatives' increased toxicity and carcinogenic effect, different government bodies and associations enact more stringent laws and restrictions. The International Agency for Research on Cancer (IARC), the American Conference of Governmental Industrial Hygienists (ACGIH) and the National Institute for Occupational Safety and Health are some of the primary organizations that regulate toxicological standards for naphthalene and its derivatives (NIOSH). As a result, the market's expansion is being stifled by the harmful nature of these derivatives.

COVID-19 Impact on Naphthalene Derivatives Market

Construction, textiles, agrochemicals, pharmaceuticals, oil & gas, paints & coatings and other end-use industries employ naphthalene derivatives. The proliferation of COVID-19 in key worldwide economies in 2020 resulted in nationwide lockdowns, affecting various businesses. During the epidemic, construction and agriculture were among the hardest hit businesses. Manufacturing operations were temporarily shut down, causing supply chain disruptions. It has negatively influenced naphthalene demand in the first half of 2020.

Naphthalene Derivatives Market Segmentation Analysis

By end-user, the naphthalene derivatives market is segmented into construction, textiles, agrochemicals, pharmaceuticals, oil & gas, paints & coatings and others.

The rising demand from the construction segment

Because of their odorless nature and low volatility, the construction industry is expected to be the leading user of naphthalene derivatives. The construction industry is driving demand for naphthalene derivatives such as SNF and phthalic anhydride, which are utilized as superplasticizers in concrete and the manufacturing of PVC plastics in infrastructure development.

Development is also predicted to become the largest end-use industry in the naphthalene derivatives market due to a rise in repair and maintenance operations, expanding construction of residential complexes to suit the growing population and a growth in the service sector economy.

Global Naphthalene Derivatives Market Geographical Share

Growing textile industry in Asia-Pacific

Asia-Pacific had the largest market for naphthalene derivatives. The region's thriving industrial sector, plentiful labor supply, competitive cost base and rising consumer demand are projected to propel the market for naphthalene derivatives. Furthermore, due to trade penalties between China and U.S., China's textile industry has been experiencing limited growth.

Sharp gains in the manufacture of clothing, home textiles and chemical fiber have propelled the country's textile industry's expansion. According to IBEF, India's textile sector is one of the country's oldest, accounting for over 7% of total output. In 2019, the Indian textiles industry was expected to be worth US$250 billion. 

Naphthalene derivative consumption is rapidly expanding because of increased manufacturing facilities across numerous industries such as chemicals, pharmaceuticals, paints & coatings and others. Furthermore, nations such as China, India and Vietnam, among others, are expanding and redesigning their infrastructure, boosting the demand for naphthalene derivatives.

Naphthalene Derivatives Market Companies and Competitive Landscape

The competitive landscape in the market is moderately consolidated, with many key companies and high end-user demand. Key firms focus on customized production using current technology and execute new strategic initiatives such as long-term alliances and mergers to strengthen their foundation and produce more money shortly.

Major global naphthalene derivatives market companies include Koppers, BASF SE, Rütgers, Evonik Industries AG, Cromogenia Units, King Industries, Inc., Carbon Tech Group and JFE Chemical, Clariant and Huntsman Corporation.

Koppers

Overview: Koppers is a global provider of treated wood products, wood treatment chemicals and carbon compounds with headquarters in Pittsburgh, Pennsylvania. Its goods and services are used in many end markets, including railroads, specialty chemicals, utilities, residential timber, agricultural, aluminum, steel, rubber and construction. It services its customers through a global manufacturing and distribution network with North America, South America, Australasia, China and Europe, employing over 1,800 people.

Product Portfolio: Roofing, tires, telephone poles, railroad ties and other manufactured goods are available from Koppers. Aluminum, steel, polymers, resins, treated wood and rubber products all require carbon sources and chemicals from Koppers. Carbon materials and chemicals also improve the longevity of many items, including railroad ties, utility & transmission poles and marine pilings. Koppers manufactures carbon pitch, refined tar, creosote, black carbon feedstock and chemical oils as a prominent distiller of coal tar, a by-product of coal processing into coke. Distillation produces chemical oils that make naphthalene and phthalic anhydride (PAA).

Key Development: Koppers revealed ambitions to enter the copper naphthenate wood preservative industry in February 2020. The technique is in line with the company's plan to expand its footprint in the wood preservation sector. To strengthen its vertical integration business strategy, Koppers is constantly examining options to establish in-house manufacturing capabilities of copper naphthenate. In addition, when needed, the organization may consider entering into supply agreements with one or more sources. The initiative largely fills a void left by Cabot Microelectronics' (Cabot) decision to stop producing pentachlorophenol earlier this year (Penta).