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On a commercial basis, the use of naphthalene in pharmaceutical industry will grow due to its unique
characteristics. Therefore, naphthalene market is bound to grow during the fore cast period. The key driving
factors attributing to the growth of global naphthalene market includes rise in standards of living, rapid
urbanization and extensive R&D activities. Additionally, speedy growth of textile industry contributes to the
growth of naphthalene market during the forecast period. Construction segment is anticipated to be one of
the driving factors for the market growth. However, variations in prices of crude oil and associated toxicity
with the intense use of naphthalene are among the major limitations for the market growth.
On the basis of derivatives, the global naphthalene market is segmented into 1-Naphthol, 2-Naphthol and
Phthalic anhydride. On the basis of application, the global naphthalene market is segmented into paints &
coatings, agrochemicals and fumigant. On the basis of end-user, the global naphthalene market is segmented
into construction, agriculture, chemicals, food & beverages and healthcare.
On the basis of geographic segmentation, the global naphthalene market spans N orth America, Latin
America, Europe, Asia-Pacific, Middle-East and Africa. APAC regions are anticipated to grow at a higher CAGR
during the forecast period owing to emerging economies such as China and increasing investments by foreign
countries. Rising demands from textile and construction industries are anticipated to drive the naphthalene
market in APAC regions during the forecast period.
North American and European market is estimated to grow at a moderate CAGR owing to associated rules
and regulations with the use of naphthalene& also the market for phthalic anhydride in these regions is
anticipated to grow at a higher CAGR. Latin America, Middle-East and African markets are anticipated to grow
at a lower CAGR owing to minimum presence of end-user industries in these regions. The key players in the
global naphthalene market include BASF SE, Arkema Group, Clariant, Koppers Inc., Evonik Industries AG, King
Industries Inc., KAO Corporation, RUTGERS N.V., and Huntsman International LLC.
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