Canada Naphthalene Market Size & Outlook, 2023-2030
Canada naphthalene market, 2018-2030 (US$M)
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Canada naphthalene market highlights
- The Canada naphthalene market generated a revenue of USD 17.5 million in 2023 and is expected to reach USD 20.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.4% 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 17.5 million |
| Market revenue in 2030 | USD 20.6 million |
| Growth rate | 2.4% (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, Canada accounted for 1.1% of the global naphthalene market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. naphthalene market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 261.0 million by 2030.
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Naphthalene Market Scope
Naphthalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 63.43% in 2023. Horizon Databook has segmented the Canada naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
The naphthalene market in Canada is experiencing significant growth due to its diverse applications across various industries. Naphthalene, a polycyclic aromatic hydrocarbon, is primarily used in the production of paints, coatings, pharmaceuticals, and agricultural products.
Its unique properties, such as high solubility and stability, make it essential in many formulations. For example, in the paint industry, naphthalene acts as a solvent that enhances coating performance, providing excellent adhesion and durability, which is crucial for automotive applications.
In agriculture, naphthalene derivatives are vital in formulating pesticides and herbicides, contributing to effective crop protection and enhancing agricultural productivity. Additionally, naphthalene is utilized in construction materials as a plasticizer, improving the workability and durability of concrete.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into Canada naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada naphthalene market size, by product, 2018-2030 (US$M)
Canada Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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