Asia Pacific Naphthalene Market Size & Outlook, 2023-2030
Asia Pacific naphthalene market, 2018-2030 (US$M)
Related Markets
Asia Pacific naphthalene market highlights
- The Asia Pacific naphthalene market generated a revenue of USD 1,003.5 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, refined naphthalene was the largest revenue generating product in 2023.
- Refined Naphthalene is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,003.5 million |
| Market revenue in 2030 | USD 1,289.7 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Refined naphthalene |
| Fastest growing segment | Refined Naphthalene |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Technical Naphthalene, Refined Naphthalene, Pure Naphthalene |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 63.2% of the global naphthalene market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,289.7 million by 2030.
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Naphthalene Market Scope
Naphthalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific naphthalene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to naphthalene market will help companies and investors design strategic landscapes.
Refined naphthalene was the largest segment with a revenue share of 58.89% in 2023. Horizon Databook has segmented the Asia Pacific naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific naphthalene market is driven by the demand for naphthalene derivatives across various applications including plastics, dyes, and pharmaceuticals. Naphthalene, a polycyclic aromatic hydrocarbon, is primarily derived from coal tar and petroleum.
Its derivatives are crucial in numerous industrial processes, making the market dynamic and essential for regional economic growth. These compounds are widely used as dispersants in concrete and as surfactants in various industrial applications.
They enhance the performance of concrete by improving workability and reducing water content. For instance, naphthalene sulfonate formaldehyde (NSF) condensates are commonly used as superplasticizers in construction industry.
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Target buyers of Asia Pacific naphthalene market databook
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Our clientele includes a mix of naphthalene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific naphthalene market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific naphthalene market size, by country, 2018-2030 (US$M)
Asia Pacific Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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