Mexico Naphthalene Market Size & Outlook, 2023-2030
Mexico naphthalene market, 2018-2030 (US$M)
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Mexico naphthalene market highlights
- The Mexico naphthalene market generated a revenue of USD 13.1 million in 2023 and is expected to reach USD 14.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 1.5% 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 13.1 million |
| Market revenue in 2030 | USD 14.6 million |
| Growth rate | 1.5% (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, Mexico accounted for 0.8% 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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Mexico 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 61.83% in 2023. Horizon Databook has segmented the Mexico 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 Mexico is experiencing significant growth, driven by various applications and strategic initiatives. Naphthalene, a polycyclic aromatic hydrocarbon, is primarily used in the production of phthalic anhydride, a precursor for plasticizers, resins, and dyes.
In addition, it is commonly found in mothballs and as a solvent in cleaning products, contributing to its demand in the consumer goods sector. The largest segment of naphthalene consumption in Mexico is in the manufacturing of chemicals, particularly phthalic anhydride, which is essential for producing plasticizers used in PVC and other plastics widely utilized in construction, automotive, and consumer goods.
Furthermore, naphthalene is prevalent in household products, and the growth of the consumer goods sector with an increasing focus on home care products is expected to further boost product demand. Naphthalene is also used in agricultural applications such as pesticides and some fertilizers, with expectations of growth in this area as agricultural practices evolve.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into Mexico naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico naphthalene market size, by product, 2018-2030 (US$M)
Mexico Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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