The Latest Naphthalene Industry Statistics Explained
Naphthalene is used in over 1 million homes in the United States every year to control pests.
The statistic that naphthalene is used in over 1 million homes in the United States every year to control pests indicates a widespread usage of this chemical compound for pest management. Naphthalene is commonly used as a moth repellent due to its strong odor, which deters pests from infesting clothes and other household items. The fact that it is used in such a large number of homes highlights the importance and prevalence of pest control practices among households in the United States. However, it is also crucial to consider potential health and environmental concerns associated with the use of naphthalene, as excessive exposure to this chemical may have adverse effects on human health and the ecosystem.
Global Naphthalene Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 3.3% through 2020 to 2026, reaching nearly US$ XX Bn.
The statistic indicates that the total revenue of the global naphthalene market was valued at US$ XX billion in 2019. It is projected that the market will experience a compound annual growth rate (CAGR) of 3.3% from 2020 to 2026, with the revenue expected to reach nearly US$ XX billion by the end of the forecast period. This suggests a positive growth trend in the naphthalene market over the specified time frame, reflecting increasing demand and potential expansion opportunities within the industry.
Asia Pacific led by India is poised to gain significantly by 2025 accounting a significant percent share in the overall naphthalene market.
This statistic suggests that the Asia Pacific region, with India at the forefront, is projected to experience substantial growth in the naphthalene market by the year 2025. This growth is expected to result in a significant percentage increase in Asia Pacific’s share of the overall naphthalene market. The specific details and factors driving this expansion are not provided in the statement, but it implies that India and other countries in the Asia Pacific region are likely to witness increased demand, production, and market presence of naphthalene products within the next few years, positioning them as key players in the global naphthalene market.
The construction industry demand of naphthalene is expected to grow at a CAGR of 3% from 2021 to 2027.
The statistic indicates that the demand for naphthalene in the construction industry is projected to increase at a Compound Annual Growth Rate (CAGR) of 3% over the period from 2021 to 2027. This suggests that there is anticipated growth in the use of naphthalene within the construction sector, likely due to factors such as expanding construction activities, infrastructure development, or technological advancements that require naphthalene-based products. The CAGR provides a standardized measure to assess the average annual growth rate over the specified time frame, offering insight into the expected steady growth trend in naphthalene demand within the construction industry.
The global naphthalene derivatives market was valued at $1.51 billion in 2019 and is projected to reach $1.85 billion by 2027.
The statistic suggests that the global naphthalene derivatives market experienced a value of $1.51 billion in 2019 and is expected to grow to $1.85 billion by the year 2027. This indicates a projected increase in market size over the forecast period. The growth in market value between 2019 and 2027 highlights the potential expansion and opportunities within the naphthalene derivatives industry. Factors such as increasing demand, technological advancements, and market dynamics may drive this growth, contributing to the overall positive outlook for the market segment.
North America accounts for 17.6% of the global market share in terms of naphthalene derivative production.
The statistic indicates that North America contributes 17.6% to the total global production of naphthalene derivatives, which are chemical compounds derived from naphthalene and used in various industries such as the production of dyes, plastics, and pharmaceuticals. This signifies that North American countries have a significant presence in the market for these derivatives, highlighting their role in the global supply chain and trade of such products. The statistic suggests that North America holds a substantial share of the market compared to other regions, further emphasizing the region’s importance as a producer and supplier in the naphthalene derivative industry.
The naphthalene market in Europe is projected to expand at a CAGR of 2.3% from 2020 to 2030.
This statistic indicates that the naphthalene market in Europe is expected to grow steadily at a Compound Annual Growth Rate (CAGR) of 2.3% over the period from 2020 to 2030. This projection suggests that the demand for naphthalene, a chemical compound commonly used in the production of dyes, plastics, and other industrial applications, is anticipated to increase over the next decade. The CAGR of 2.3% signifies a relatively moderate growth rate, indicating a stable and gradual expansion of the market rather than rapid or volatile fluctuations. This forecast could be influenced by factors such as economic trends, technological advancements, regulatory developments, and shifts in consumer preferences within the region’s chemical industry.
China and India are the leading contributors to the growth of the naphthalene market in the Asia Pacific.
The statement that China and India are the leading contributors to the growth of the naphthalene market in the Asia Pacific region indicates that these two countries are playing a significant role in driving the expansion of the market for naphthalene, which is a chemical compound primarily used in the production of phthalic anhydride for the manufacturing of plastics, dyes, and other industrial products. This statistic suggests that the demand for naphthalene is rising particularly in China and India, likely due to increasing industrial activities and a growing consumer market in these countries. As the leading contributors, China and India are likely influencing the overall market dynamics and trends in the Asia Pacific region for naphthalene, presenting opportunities and challenges for industry stakeholders to capitalize on this growth.
The largest use of naphthalene is as a starting material for the production of other chemicals, with approximately 90% being used in this way.
The statistic indicates that the primary purpose for utilizing naphthalene is as a key ingredient in the manufacturing process of various other chemicals. Specifically, around 90% of naphthalene production is allocated towards this end. This reflects the significant role that naphthalene plays as a foundational material in the chemical industry, serving as a precursor for the synthesis of diverse compounds and products. The statistic underscores the importance of naphthalene as a versatile and essential component in the production of a wide array of chemicals, highlighting its widespread industrial application and contribution to the overall manufacturing sector.
The overall market for naphthalene derivatives in Japan stood at $896 million in 2018.
The statistic indicates that the total market value of naphthalene derivatives in Japan in 2018 was $896 million. Naphthalene derivatives are chemical compounds derived from naphthalene, which is commonly used in the production of various products such as dyes, pharmaceuticals, and insecticides. This market value reflects the combined revenue generated from the sale of these derivatives within Japan during the specified year, serving as a key indicator of the size and importance of the naphthalene derivative industry in the country. Analyzing trends in this market value can provide insight into the demand for naphthalene derivatives, industry competitiveness, and economic conditions in Japan.
The biggest companies in the naphthalene market include RTGERS Group, Koppers Inc., and Arkema Group, among others.
This statistic highlights the key players in the naphthalene market, with RTGERS Group, Koppers Inc., and Arkema Group being identified as the biggest companies in the industry. The mention of “among others” indicates that there are additional significant players within the market as well. Identifying these major companies provides insight into the competitive landscape and market concentration in the naphthalene industry, suggesting that these companies likely have a significant market share and influence over pricing and competition within the sector. This information is valuable for stakeholders such as investors, policymakers, and industry analysts seeking to understand the market dynamics and key players shaping the naphthalene market.
The naphthalene market in Latin America and the Middle East & Africa is expected to expand at a moderate pace during the forecast period due to the rise in demand for naphthalene sulfonate-based superplasticizers in the construction industry in these regions.
The statistic highlights an anticipated growth in the naphthalene market in Latin America and the Middle East & Africa regions over the forecast period, driven by an increasing demand for naphthalene sulfonate-based superplasticizers within the construction industry in these areas. This growth is expected to be moderate, indicating a steady and gradual expansion rather than a sudden surge. The use of naphthalene sulfonate-based superplasticizers in construction is likely driven by factors such as urbanization, infrastructure development, and construction projects requiring high-performance concrete mixes. Overall, the statistic suggests a positive outlook for the naphthalene market in these regions due to the specific demand dynamics within the construction industry.
In terms of naphthalene production, China held the largest share in 2019, accounting for over 45% of the global market.
In 2019, China dominated the global naphthalene production market by holding the largest share, amounting to over 45%. This statistic highlights China’s significant role in the production and supply of naphthalene worldwide. Such a large market share indicates that China’s naphthalene production output surpasses that of other major producing countries, making it a key player in meeting global demand for this chemical compound. The high market share further suggests that China’s naphthalene industry is highly competitive and efficient in catering to both domestic and international markets, solidifying its stronghold in the global naphthalene production landscape.
The organic chemicals segment is projected to account for the largest share of the global market for naphthalene derivatives during the forecast period.
This statistic indicates that the organic chemicals segment is expected to dominate the global market for naphthalene derivatives in the foreseeable future. This suggests that products derived from naphthalene, such as dyes, resins, and pesticides, will experience high demand within the organic chemicals sector. The projection underscores the significance of naphthalene derivatives in various industrial applications, highlighting their versatility and widespread use. Factors such as increasing awareness and preference for eco-friendly products, as well as regulatory support for sustainable practices, may be driving the growth of the organic chemicals segment within the market for naphthalene derivatives. Companies operating in this sector may benefit from focusing on innovation and sustainability to capitalize on the expected market dominance of naphthalene derivatives in the organic chemicals segment.
The global market for naphthalene sulfonate superplasticizers was valued at nearly $891 million in 2020 and is expected to grow at a CAGR of approximately 4% between 2021 and 2026.
The statistic indicates that the global market for naphthalene sulfonate superplasticizers, a type of chemical additive used in construction materials like concrete to improve workability, was valued at $891 million in 2020. The projected Compound Annual Growth Rate (CAGR) of approximately 4% suggests that the market is expected to expand steadily over the forecast period from 2021 to 2026. This growth rate implies that the market value of naphthalene sulfonate superplasticizers is estimated to increase annually by around 4%, reaching a higher market valuation by the end of the forecast period in 2026. The positive growth outlook indicates potential opportunities for businesses operating in this industry and points towards increasing demand and adoption of these superplasticizers in construction applications worldwide.
The global market for naphthalene derivatives is expected to grow at a CAGR of around 3.5% between 2020 and 2025.
The statistic indicates that the global market for naphthalene derivatives is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 3.5% over the period from 2020 to 2025. This growth rate suggests a steady and moderate expansion in the market size for products derived from naphthalene during the specified time frame. The CAGR provides a measure of the annual growth rate that smoothens out fluctuations and gives a more comprehensive view of the market’s overall trend over the five-year period. The forecast of a 3.5% CAGR implies a positive outlook for the naphthalene derivatives market, signaling potential opportunities for industry players and stakeholders looking to capitalize on this growth trajectory.
The global market for naphthalene derivatives is highly competitive with major vendors such as Kao Corporation, BASF SE, Huntsman International LLC, among others, contributing significantly to the market revenue.
The statistic highlights that the market for naphthalene derivatives is fiercely competitive due to the existence of major players like Kao Corporation, BASF SE, and Huntsman International LLC, who make substantial contributions to the overall market revenue. These companies are leaders in the industry and play a significant role in shaping market dynamics through their products and strategies. Their presence signifies the intense competition within the market, as these well-established vendors continually strive to innovate, enhance product offerings, and capture market share. As a result, the market for naphthalene derivatives is characterized by a high level of competition and dynamic business environment driven by these key players.
By application, the surfactant in dye industry segment is expected to grow at a CAGR of 4.3% during 2021-2026.
The statistic stating that the surfactant in the dye industry segment is expected to grow at a compound annual growth rate (CAGR) of 4.3% during the period of 2021 to 2026 indicates the projected rate of increase in demand for surfactants within the dye industry. This growth rate suggests that there is a forecasted steady and consistent expansion in the utilization of surfactants by dye manufacturers over the specified five-year period. Factors such as increasing demand for dyed products, technological advancements in dye production processes, and the incorporation of surfactants to improve product quality and performance are likely contributing to this anticipated growth trend. This statistic is valuable for industry stakeholders, as it helps in understanding market dynamics and making informed decisions related to production capacity, investment opportunities, and strategic planning for the future.
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