Brazil Naphthalene Market Size & Outlook, 2023-2030
Brazil naphthalene market, 2018-2030 (US$M)
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Brazil naphthalene market highlights
- The Brazil naphthalene market generated a revenue of USD 9.3 million in 2023 and is expected to reach USD 10.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 2.1% 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.
Naphthalene market data book summary
| Market revenue in 2023 | USD 9.3 million |
| Market revenue in 2030 | USD 10.7 million |
| Growth rate | 2.1% (CAGR from 2023 to 2030) |
| Largest segment | Refined naphthalene |
| Fastest growing segment | Refined Naphthalene |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Technical Naphthalene, Refined Naphthalene, Pure Naphthalene |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.6% of the global naphthalene market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil naphthalene market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 10.7 million by 2030.
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Naphthalene Market Scope
Naphthalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 62.37% in 2023. Horizon Databook has segmented the Brazil naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
In Brazil, the demand for naphthalene is primarily fueled by its applications in the production of phthalic anhydride, which is used in the manufacture of plasticizers, resins, and coatings. The expanding construction and automotive industries in the country are contributing to this demand, as they require various chemical products that utilize naphthalene as a precursor.
Additionally, the growth of the cosmetics and personal care sectors is driving the consumption of naphthalene, as it is used in the formulation of certain products. Several Brazilian manufacturers are actively exploring sustainable alternatives to traditional naphthalene applications.
For instance, Braskem, one of Brazil's largest petrochemical companies, has been investing in the development of bio-based chemicals. It focuses on producing sustainable plasticizers and other derivatives that can replace conventional naphthalene-based products.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into Brazil naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil naphthalene market size, by product, 2018-2030 (US$M)
Brazil Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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