Naphthalene Derivatives Market
naphthols are subdivided into 1-naphthol and 2-naphthol. On the basis of application, the global naphthalene derivatives market division is seen into construction, agrochemical, textile, detergent, oil and gas, paint and coating, pulp and paper, pharmaceutical, leather tanning and rubber synthesis which is subdivided into SBR and NBR. Diversification of the naphthalene derivatives market is seen into regions such as Western Europe, North America, Central and Eastern Europe, South America, Asia-Pacific, and the Middle East and Africa.
Global Naphthalene Derivatives Market: Growth Factors
The increasing speed with which the textile industry is growing is expected to be one of the major driving factors of the naphthalene derivatives market. The other major vertical contributing to this growth is the construction industry. Factors such as increasing developmental plans in the naphthalene derivatives market, constant urbanization, and rise in living standards, increased research and development activities, and extensive utilization of naphthalene formaldehyde condensates in the construction industry are anticipated to aid the growth of the naphthalene derivatives market. However, increasing toxicity level linked with the utilization of naphthalene derivatives and fluctuations in prices of crude oil may prove to be a major restraining factor for the growth of the market for naphthalene derivatives.
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