Naphthenic acid is an acid composed of a mixture of cyclopentyl and cyclohexyl carboxylic acids. Its molecular mass ranges from 120 to 700 atomic mass units. It has a carbon backbone that contains nine to twenty carbons. Naphthenic acid is released from the oil sands during extraction processes, which causes a variety of environmental effects including contamination of ground and surface water.
Growing demand for naphthenic acid from the textile and wood industries will fuel market growth. Growth in the global naphthenic acid market is also expected to continue to be driven by rising demand in the automobile, pharmaceutical, and household cleaning industries. Increasing concern about skin and hair problems among youth will also contribute to the growth in this market. Furthermore, rising demand for anti-aging products is further expected to drive the market during the forecast period. However, environmental degradation is likely to hinder market growth.
Key features of the study:
- This report provides in-depth analysis of the global Naphthenic Acid market, and provides market size (US$ Thousand) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global Naphthenic Acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Anhui Fulltime Specialized Solvent & Reagent Co., Ltd, haihang industry co., ltd., Karvan – l, Merck KGaA, Merichem Company, Midas Chemical Company Limited, Shanghai Changfeng Chemical Industrial Factory, Shenyang Zhang Ming Chemical Co. Ltd, Tokyo Chemical Industry Co., Ltd., and Umicore Cobalt & Specialty Materials (CSM)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global Naphthenic Acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Naphthenic Acid market
- Global Naphthenic Acid Market, By Type
- Refined Naphthenic Acid
- High Purity Naphthenic Acid
- Global Naphthenic Acid Market, By Application
- Paint and Ink Driers
- Wood Preservatives
- Fuel and Lubricant Additives
- Rubber Additives
- Other Applications including Adhesion Promoters, Emulsifying agents for insecticides, and Metal Soaps, etc.
- Global Naphthenic Acid Market, By Geography
- North America
- Rest of the World
- Company Profiles
- Anhui Fulltime Specialized Solvent & Reagent Co., Ltd
- haihang industry co., ltd.
- Karvan – l
- Merck KGaA
- Merichem Company
- Midas Chemical Company Limited
- Shanghai Changfeng Chemical Industrial Factory
- Shenyang Zhang Ming Chemical Co. Ltd
- Tokyo Chemical Industry Co., Ltd.
- Umicore Cobalt & Specialty Materials (CSM)