GITNUX MARKETDATA REPORT 2024

Naphthalene Industry Statistics

Naphthalene industry statistics show trends in production, consumption, and market outlook for naphthalene-based products.

In this post, we will explore the intricate landscape of the naphthalene industry backed by a series of compelling statistics. From market size figures and production processes to end-use applications and regional consumption patterns, we delve into the key facets shaping this dynamic sector. Join us as we uncover the trends, challenges, and opportunities defining the present and future trajectory of the naphthalene market.

Statistic 1

"The global naphthalene market size was valued at approximately $751 million in 2020."

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Statistic 2

"The production process of naphthalene mainly involves the catalytic hydrogenation of coal tar."

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Statistic 3

"Naphthalene is also used as a fumigant in agriculture to protect stored products from pests."

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Statistic 4

"Naphthalene is commonly used in the production of phthalic anhydride, which accounts for about 75% of its consumption."

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Statistic 5

"Naphthalene is primarily derived from coal tar, where it constitutes about 10% of the total mass."

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Statistic 6

"In India, naphthalene balls are commonly used as a household moth repellent."

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Statistic 7

"China is the leading producer and consumer of naphthalene, driven by its robust construction and textile industries."

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Statistic 8

"The major end-use industries for naphthalene include construction, textiles, and agriculture."

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Statistic 9

"The demand for naphthalene-based superplasticizers in the construction industry is a significant driver for market growth."

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Statistic 10

"The stringent environmental regulations are a major challenge for the growth of the naphthalene market."

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Statistic 11

"Naphthalene-based insect repellents are widely used, though their use is declining due to health concerns."

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Statistic 12

"Despite being effective, the use of naphthalene in mothballs is regulated due to potential carcinogenic risks."

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Statistic 13

"In 2019, the production of naphthalene exceeded 700,000 tons globally."

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Statistic 14

"There have been various advancements in the recovery and purification technologies for naphthalene production."

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Statistic 15

"Europe is the second-largest market for naphthalene, driven by the chemical manufacturing sector."

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Statistic 16

"The naphthalene industry is expected to grow at a CAGR of 3.4% from 2021 to 2026."

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Statistic 17

"The price of naphthalene is influenced by the price of crude oil and coal, its primary raw materials."

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Statistic 18

"The textile industry uses naphthalene derivatives for the production of dyes and surfactants."

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Statistic 19

"Naphthalene sulfonates are widely used as dispersing agents in various applications such as concrete admixtures and agrochemicals."

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Statistic 20

"The Asia-Pacific region is the largest consumer of naphthalene, accounting for over 50% of the global demand."

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In conclusion, the naphthalene industry is a significant global market with diverse applications across construction, textiles, agriculture, and more. The industry is driven by key players like China and India, with a growing demand for naphthalene-based products in various sectors. Despite facing challenges like stringent environmental regulations and health concerns, advancements in production technologies and the increasing adoption of naphthalene derivatives indicate a positive outlook for market growth. The industry’s expected compound annual growth rate of 3.4% from 2021 to 2026 underscores the ongoing potential and opportunities in this sector, particularly in regions like the Asia-Pacific and Europe.

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