Global Naphthalene Sulfonate Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

 

Overview and Scope
The naphthalene sulfonate market consists of sales of sodium naphthalene sulfonate, calcium naphthalene sulfonate, and potassium naphthalene sulfonate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sizing and Forecast
The naphthalene sulfonate market size has grown strongly in recent years. It will grow from $0.85 billion in 2023 to $0.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%.  The growth in the historic period can be attributed to growth in the construction industry, rapid urbanization, growing textile industry, increasing demand for household cleaning products, growing demand for surfactants, and growing use in concrete admixtures.

The naphthalene sulfonate market size is expected to see strong growth in the next few years. It will grow to $1.20 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.  The growth in the forecast period can be attributed to increasing demand for dispersants, growing use of pesticides, and plasticizers, growing use in personal care products, increasing use in industrial detergents, and growing demand for moth repellents. Major trends in the forecast period include the development of household cleaning products, the production of detergents and cleaning agents, improvements in production processes, development of more efficient and eco-friendly products​, and the development of synthetic detergents.

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Segmentation & Regional Insights
The naphthalene sulfonate market covered in this report is segmented –
1) By Product Type: Naphthalene Sulfonic Acid, Sodium Naphthalene Sulfonate, Calcium Naphthalene Sulfonate, Other Product Types
2) By Form: Liquid, Powder
3) By Application: Dispersant Agent, Concrete Admixture, Dye Intermediate, Wetting Agent, Emulsifier, Other Applications
4) By End-Use Industry: Construction, Textile, Agrochemicals, Ceramics, Plastics, Other End-User Industries

Asia-Pacific was the largest region in the naphthalene sulfonate market in 2023. The regions covered in the naphthalene sulfonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing building and construction industry is expected to propel the growth of the naphthalene sulfonate market going forward. The building and construction industry encompasses the design, development, and assembly of structures and infrastructure for residential, commercial, and industrial purposes. The increasing building and construction industry is driven by population growth, urbanization, infrastructure development, and renovation demands. Naphthalene sulfonate is used as a superplasticizer in the construction industry to improve the workability and strength of concrete mixes. For instance, in June 2023, according to the quarterly construction inquiry published by the Northern Ireland Statistics and Research Agency, a UK-based public authority, from the first quarter of 2022 to the first quarter of 2023, the overall construction industry expanded by 6.5%, with the housing sector of construction increasing by 11.1% and the infrastructure subsector by 3.7%. Therefore, the increasing building and construction industry is driving the naphthalene sulfonate market.

Key Industry Players
Major companies operating in the naphthalene sulfonate market are BASF SE, Thermo Fisher Scientific, Solvay S.A., Mitsui Chemicals Inc, Kao Corporation, Akzo Nobel N.V., Sika AG, Nouryon, GCP Applied Technologies Inc, Himadri Speciality Chemical Ltd, Mapei S.p.A., GEO Specialty Chemicals, Nease Co. LLC, TCI Chemicals (India) Pvt. Ltd., Bisley & Company, MUHU Construction Materials Company Limited, Alpha Chemical Corp, Hubei Aging Chemical Co. Ltd., Shandong Wanshan Chemical Co. Ltd., Vizag chemical, Yahska Polymer Pvt. Ltd.

The naphthalene sulfonate market report table of contents includes:
1. Executive Summary
2. Naphthalene Sulfonate Market Characteristics
3. Naphthalene Sulfonate Market Trends And Strategies
4. Naphthalene Sulfonate Market - Macro Economic Scenario
5. Global Naphthalene Sulfonate Market Size and Growth
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32. Global Naphthalene Sulfonate Market Competitive Benchmarking
33. Global Naphthalene Sulfonate Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Naphthalene Sulfonate Market
35. Naphthalene Sulfonate Market Future Outlook and Potential Analysis
36. Appendix