Middle East & Africa Naphthalene Market Size & Outlook
Middle East & Africa naphthalene market, 2018-2030 (US$M)
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MEA naphthalene market highlights
- The MEA naphthalene market generated a revenue of USD 49.3 million in 2023.
- The market is expected to grow at a CAGR of 2.3% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 49.3 million |
| Market revenue in 2030 | USD 57.8 million |
| Growth rate | 2.3% (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, MEA region accounted for 3.1% 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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Middle East & Africa 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 62.88% in 2023. Horizon Databook has segmented the Middle East & Africa naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for naphthalene in the Middle East & Africa (MEA) is primarily fueled by its applications in the petrochemical industry, where it is used to produce phthalic anhydride, which is essential for manufacturing plasticizers and resins.
The construction and automotive sectors are also significant contributors to naphthalene consumption, as they require various chemical products that utilize naphthalene as a precursor.
Moreover, the personal care & cosmetics industry is witnessing growth, with an increasing focus on formulations that incorporate naphthalene derivatives. As consumer preferences shift toward highquality and innovative products, manufacturers are adapting their offerings to meet these demands.
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Target buyers of Middle East & Africa 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 Middle East & Africa naphthalene market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA naphthalene market size, by country, 2018-2030 (US$M)
Middle East & Africa Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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