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Sulphonated naphthalene formaldehyde is a condensed polymer product. It is mainly used as powerful water reducing agent in concrete and also known as superplasticizer. It produces concrete with exceptionally workable characteristic referred to as high slump. It helps to keep the minimum water to cement ratio without compromising the degree of workability. It is also a very good dispersing agent. The India sulphonated naphthalene formaldehyde market is estimated to surpass US$ 218.5 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 9.3% during the forecast period (2021 to 2028).

Drivers

One of the key factors expected to stimulate market growth during the forecast period are the advantages of sulphonated naphthalene formaldehyde over other plasticizers. Blending sulphonated naphthalene formaldehyde with lignosulfonates improves its slump retention characteristics. Use of sulphonated naphthalene formaldehyde enables fast mixing of concrete by improving flow properties. It is a non-hazardous and environment-friendly product. Sulphonated naphthalene formaldehyde is known as a second-generation superplasticizer, a versatile product for formulation and compatible with admixtures. It improves rheological properties of concrete such as flexural strength, modulus of elasticity, and compressibility, as well as used as a dispersing agent. The relative cost of sulphonated naphthalene formaldehyde is low and it supports the use of fly ash, silica, and slag as cementious supplementaries, making it most widely used superplasticizer in India as well internationally.

Market Restraints

Availability of substitute products can restrict the market growth. Sulphonated naphthalene formaldehyde is most commonly used as superplasticizer in the cement industry. However, other super plasticizing chemicals such as polycarboxylate ether, lignosulphonates, and sulphonated melamine product typealdehyde (SMF) are available in the market. Lignosulphonates produces high range water reduction at high doses. Lignosulphonate salts of sodium and calcium, hydroxycarboxylic acids, and carbohydrates are few examples in this category. Sulphonated melamine product typealdehyde (SMF) produces high initial slump and are suitable for cold climate and also suitable where concreting time is short like in case of precast concrete. The costs of sulphonated melamine formaldehyde and polycarboxylic ether are almost similar, followed by sulphonated naphthalene formaldehyde. In terms of relative cost, lignosulphonates are cheaper than sulphonated naphthalene formaldehyde. Thus, availability of different alternatives for sulphonated naphthalene formaldehyde is restraining growth of the market.

Figure 1. Market Dynamics of India Sulphonated Naphthalene Formaldehyde Market

India Sulphonated Napthalene Formaldehyde  | Coherent Market Insights

Market Trends

Growing demand from the construction industry is a major trend in the sulphonated napthalene formaldehyde market. India is the second fastest-growing economy in the world and the construction sector is the one of the largest sectors contributing to India’s economy, after agriculture. For instance, a report published by DMG Events India, in 2015, mentioned that construction sector has a 10% share in India’s GDP and the Planning Commission stipulated US$ 1 trillion investment in infrastructure for the 2012-17 period. The Indian government liberalized and simplified foreign direct investment (FDI) policy in the construction sector, which is enhancing the industry’s performance, owing to increasing presence of international contractors. In India, construction industry, accounts for second-highest inflow of FDI after the service sector. Moreover, Pradhan Mantri Awas Yojana (PMAY) or the Housing for all by 2022 launched in 2015, aimed to provide affordable housing to all citizens by 2022, and as per government speculation this could entail construction of 20 million houses by 2022.

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India Sulphonated Naphthalene Formaldehyde Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 106.1 Mn
Historical Data for: 2017, 2018 and 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 9.3% 2028 Value Projection: US$ 218.5 Mn
Geographies covered:
  • India
Segments covered:
  • By Product Type: Solid, Liquid
  • By Construction Industry: Residential, Infrastructure, Non-residential
Companies covered:

Koppers, BASF, Rütgers, Evonik, Cromogenia Units, King Industries, Inc., Carbon Tech Group, JFE Chemical Corporation, Clariant, and Huntsman Corporation

Growth Drivers:
  • Advantages of sulphonated naphthalene formaldehyde over other plasticizers
  • Growing demand from the construction industry
Restraints & Challenges:
  • Availability of substitute products

Figure 2. India Sulphonated Naphthalene Formaldehyde Market Revenue Share (%), By Construction Industry, 2020

India Sulphonated Napthalene Formaldehyde  | Coherent Market Insights

On the basis of construction industry, in 2020, residential sector accounts for the highest market share of 34.7% in the India sulphonated naphthalene formaldehyde market. Increasing use of naphthalene derivatives such as Sulphonated naphthalene formaldehyde (SNF) and phthalic anhydride which are used as superplasticizers in concreting and manufacturing of PVC plastics in infrastructural development is driving the demand from the construction industry.

India Sulphonated Napthalene Formaldehyde Market - Impact of Coronavirus (COVID-19) Pandemic

Chemicals & materials is one of the key industries experiencing severe disruptions due to the discontinuation of supply chains and plant operations. The shutdown of manufacturing plants in regions such as North America, Europe, and APAC has hampered the India supply chains, thereby affecting manufacturing processes, distribution schedules, and product sales. The consequences of COVID-19 pandemic have also led to the slowdown of sulphonated napthalene formaldehyde production, demand, and trade. The shutdown of national and international boundaries have affected business development strategies of various companies. However, with the economies planning to revive their operations, relaxing lockdown measures, and conducting mass vaccination drives, the sulphonated napthalene formaldehyde market is likely to bounce back in the coming months.

Competitive Section

Key players operating in the India sulphonated napthalene formaldehyde market include Koppers, BASF, Rütgers, Evonik, Cromogenia Units, King Industries, Inc., Carbon Tech Group, JFE Chemical Corporation, Clariant, and Huntsman Corporation.

Sulphonated naphthalene formaldehyde condensate (SNF) also called polynaphthalene sulphonate (PNS) is derived from the chemical industry. Petroleum or coal tar naphthalene is sulphonated using very concentrated sulphuric acid at high temperature and is then polymerized with formaldehyde and neutralized to the sodium (Na) or calcium (Ca) salt. The polymers have a low molecular weight, with the sulphonated naphthalene repeating unit typically ranging from 2 to 10, resulting in molecular weights of 500–2500. The higher molecular weights generally give better properties.

Government of India is investing significantly on infrastructure development. Government of India is undertaking several initiatives for rural and smart urban infrastructure development such as Smart Cities Mission, The Amrut Project, Public & Private Partnership projects, and incentives for developing Special Economic Zone (SEZs). India sulphonated naphthalene formaldehyde market is characterized by presence of large number of unorganized public and private players. Therefore, the competition is high in the market.

Several alternatives to sulphonated naphthalene formaldehyde are available in the market such as polycarboxylic ether and lignosulfonates. Fluctuating raw material prices and stringent trade regulations such as anti-dumping duty, imposed on sulphonated naphthalene formaldehyde products adversely affects profit margins. These factors are likely expected to hamper the growth of sulphonated naphthalene formaldehyde market. However, sulphonated naphthalene formaldehyde is effective and shows superior superplasticizer properties as compared to other super plasticizers.

Sulphonated naphthalene formaldehyde is a derivative of naphthalene. Naphthalene derivatives are used in a wide variety of end-use industries such as building & construction, agrochemicals, textiles, detergent, oil & gas, paints & coating, pulp & paper, pharmaceuticals, rubber synthesis, and leather tanning. Among these industries, the building & construction industry is growing rapidly in the emerging countries such as India, which will play a significant role in providing growth opportunities to the naphthalene derivatives in the future. The growth of naphthalene derivative eventually helps in the growth of sulphonated naphthalene formaldehyde market.

Key features of the study:

  • This report provides in-depth analysis of India sulphonated naphthalene formaldehyde market, and provides market size (US$ Million & Kilotons) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the India sulphonated naphthalene formaldehyde market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Koppers, BASF, Rütgers, Evonik, Cromogenia Units, King Industries, Inc., Carbon Tech Group, JFE Chemical Corporation, Clariant, and Huntsman Corporation
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The India sulphonated naphthalene formaldehyde market report caters to various stakeholders in this industry including investors, suppliers, extruded aluminum profiles manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India sulphonated naphthalene formaldehyde market

Detailed Segmentation:

  • India Sulphonated Naphthalene Formaldehyde Market, By Product Type:
    • Solid
    • Liquid
  • India Sulphonated Naphthalene Formaldehyde Market, By Construction Industry:
    • Residential
    • Infrastructure
    • Non-residential
  • Company Profiles
    • Koppers *
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BASF
    • Rütgers
    • Evonik
    • Cromogenia Units
    • King Industries, Inc.
    • Carbon Tech Group
    • JFE Chemical Corporation
    • Clariant
    • Huntsman Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The India sulphonated napthalene formaldehyde market is estimated to surpass US$ 218.5 million by 2028 and is expected to exhibit a CAGR of 9.3% between 2021 and 2028.
Advantages of sulphonated naphthalene formaldehyde over other plasticizers is anticipated to drive the market growth during the forecast period.
Growing demand from the construction industry is one of the major driving factor in the market.
Availability of substitute products is anticipated to restrain the market growth in the coming years.
Major players operating in the market include Koppers, BASF, Rütgers, Evonik, Cromogenia Units, King Industries, Inc., Carbon Tech Group, JFE Chemical Corporation, Clariant, and Huntsman Corporation.
The market was valued at US$ 106.1 million in terms of revenue in 2020.

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