North America Naphthalene Market Size & Outlook, 2023-2030
North America naphthalene market, 2018-2030 (US$M)
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North America naphthalene market highlights
- The North America naphthalene market generated a revenue of USD 243.3 million in 2023.
- The market is expected to grow at a CAGR of 2.8% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 243.3 million |
| Market revenue in 2030 | USD 296.2 million |
| Growth rate | 2.8% (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, North America region accounted for 15.3% 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 |
|---|
North America 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 61.32% in 2023. Horizon Databook has segmented the North America naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
The North American naphthalene market is driven by its diverse applications across various industries and strategic initiatives undertaken by key players in the sector. Naphthalene, a polycyclic aromatic hydrocarbon primarily derived from coal tar, is utilized in numerous applications, including chemical manufacturing, plastics, textiles, and pharmaceuticals.
Its most notable application is in the production of phthalic anhydride, which serves as a precursor for plastics, resins, and dyes. In the chemical manufacturing sector, the demand for naphthalene as an intermediate is on the rise.
Companies such as Koppers, Inc. and BASF are actively investing in advanced technologies to optimize the extraction and processing of naphthalene, thereby enhancing operational efficiencies to meet the increasing demand from downstream applications.
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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 continent-level data and insights on the North America naphthalene market , including forecasts for subscribers. This continent databook contains high-level insights into North America naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America naphthalene market size, by country, 2018-2030 (US$M)
North America Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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