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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Synthesis of naphthalene derivatives require naphthalene compound as a basic precursor. Naphthalene is one of the most important members of the class of organic compounds, wherein two or more benzene rings are fused together at ortho-position. Naphthalene derivatives are synthesized in two stages, namely, ring closure by cyclization reaction, followed by aromatization process. However, various other modifications can be carried out to synthesize different types of naphthalene derivatives. 1, 6-dihydroxynaphthalene, 1-methylnaphthalene, 1-naphthol and 2-naphthol are some of the examples of naphthalene derivatives commercially available in the market. These derivatives are available in powder and liquid form, of which, the powder form finds prominent use. CMI forecasts the global naphthalene derivatives market to grow at a healthy growth rate over the forecast period (2016-2024), owing to factors such as ever rising demand for naphthalene derivatives such as naphthalene formaldehyde in the construction industry across the world.

Rising construction industry and textile industry along with increasing application of naphthalene derivatives in production facilities across various industries such as chemicals, pharmaceuticals, paints and coatings, and others are major driving factors for growth of the global naphthalene derivatives industry. Rising living standards supported by high discretionary income translates to spending on fabrics and textiles wherein, it is used in material dyeing and bleaching, which in turn catalyzes the growth of naphthalene market. Apart from textile and construction industries, a significant rise in demand from the agrochemical industry also contributes to the increasing demand for global naphthalene market.

However, the toxic nature of naphthalene derivatives can be a major restraint for the growth of the naphthalene derivatives market.

Naphthalene Derivatives Market Taxonomy

By Form

On the basis of form, the global market is classified into:

  • Liquid
  • Powder

By Type

Based on type, the global market is segmented as:

  • Alkyl Naphthalene Sulfonate Salts
    • Sodium Polynaphthalene
    • Calcium Polynaphthalene
  • Naphthalene Sulfonic Acid
  • Naphthalene-Formaldehyde Condensates (SNF)
  • Naphthols
    • 1-Naphthol
    • 2-Naphthol
  • Others (Amino Naphthalene, etc.)

By End-Use Industry

On the basis of end-use industry, the global market is classified into:

  • Agrochemicals
  • Construction
  • Textiles
  • Detergent
  • Pharmaceuticals
  • Paints & Coating
  • Rubber Synthesis
    • Styrene Butadiene Rubber (SBR)
    • Nitrile Butadiene Rubber (NBR)
  • Others (Pulp & Paper and Leather Tanning, etc.)

Owing to the growing textile and construction industry along with growing production facilities, the naphthalene derivatives market is expected to witness a robust growth during the forecast period. Increasing development plans in the market, continuous urbanization associated with rising living standards, in turn drives growth of supporting industries such as textile and construction., Significant utilization of naphthalene in the construction industry to increase the fluidity of concrete mixtures to strengthen the building infrastructure, is in turn expected to fuel growth of the naphthalene derivatives market over the forecast period.

Market Outlook – Increasing construction and textile industry in Asia Pacific is expected to boost the growth for naphthalene derivatives market

Asia Pacific is expected to be the most lucrative market for naphthalene derivatives market, owing to rising economy, strong growth of construction and textile sectors to support the increasing population, along with increasing number of production facilities due to the foreign investments and increasing FDI, especially in China and India. North America and Europe are expected to witness a moderate growth in the market due to implementation of stringent regulations pertaining to the application of the same. For instance, use of naphthalene derivatives is prohibited in cosmetics since it is considered harmful for skin. For instance, in the EU, it is categorized as a carcinogenic, mutagenic, reprotoxic (CMR) substance, while the U.S. FDA has banned its use in cosmetics.

Some of the companies operating in the global naphthalene derivatives market include BASF SE, RÜTGERS Group, Huntsman International LLC, Evonik Industries AG, Koppers Inc., Arkema Group, Kao Corporation, Giovanni Bozzetto Spa, Cromogenia-Units S.A., and Clariant etc. Key players existing in the global naphthalene derivatives industries are currently focusing on geographical expansion, particularly in the emerging economies of China, India, South East Asia, and Brazil etc. With the increase in population and rapid urbanization, construction and textiles industries in particular are expected to witness a significant rise in demand, which in turn would fuel demand for naphthalene derivatives.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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