Europe Naphthalene Market Size & Outlook, 2023-2030
Europe naphthalene market, 2018-2030 (US$M)
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Europe naphthalene market highlights
- The Europe naphthalene market generated a revenue of USD 270.9 million in 2023.
- The market is expected to grow at a CAGR of 3.3% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 270.9 million |
| Market revenue in 2030 | USD 339.8 million |
| Growth rate | 3.3% (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, Europe region accounted for 17.1% 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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Europe 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 59.03% in 2023. Horizon Databook has segmented the Europe naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in Europe is primarily driven by demand for naphthalene from established industries such as pharmaceuticals, construction, and agriculture. However, the market in the region faced subdued demand for this compound, particularly during the first half of 2023 due to its reduced purchase for use in the manufacturing of downstream products such as plasticizers and dyes.
This resulted in a bearish sentiment, with prices for refined naphthalene in Germany reported at USD 1,280/MT by the end of 2023. Companies in Europe have made strategic adjustments in response to regulatory pressures and competition concerns in the region.
In July 2024, the American Chemistry Council (ACC) and the American Petroleum Institute (API) formed the Naphthalene Workgroup to address regulatory announcements and monitor decisions related to naphthalene.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe naphthalene market , including forecasts for subscribers. This continent databook contains high-level insights into Europe naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe naphthalene market size, by country, 2018-2030 (US$M)
Europe Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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