Japan Naphthalene Market Size & Outlook, 2023-2030
Japan naphthalene market, 2018-2030 (US$M)
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Japan naphthalene market highlights
- The Japan naphthalene market generated a revenue of USD 119.5 million in 2023 and is expected to reach USD 150.3 million by 2030.
- The Japan 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.
Naphthalene market data book summary
| Market revenue in 2023 | USD 119.5 million |
| Market revenue in 2030 | USD 150.3 million |
| Growth rate | 3.3% (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, Japan accounted for 7.5% of the global naphthalene market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China naphthalene market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 803.2 million by 2030.
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Naphthalene Market Scope
Naphthalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 57.74% in 2023. Horizon Databook has segmented the Japan naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, the demand for naphthalene in Japan has been shaped by several trends. The shift toward sustainable and eco-friendly products is notable, as consumers and industries alike are increasingly prioritizing environmentally friendly alternatives.
This trend has led to a growing interest in bio-based chemicals, which may impact the traditional naphthalene market. The Japanese economy's recovery post-pandemic has spurred industrial activity, leading to an uptick in demand for naphthalene in manufacturing processes.
However, METI's outlook projections indicate that Japan's overall naphtha demand, which includes naphthalene, is expected to decline by approximately 3.25% by 2025-26 due to shifts in energy consumption and production methods.
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Our clientele includes a mix of naphthalene market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into Japan naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan naphthalene market size, by product, 2018-2030 (US$M)
Japan Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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