Romania Naphthalene Market Size & Outlook, 2023-2030
Romania naphthalene market, 2018-2030 (US$M)
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Romania naphthalene market highlights
- The Romania naphthalene market generated a revenue of USD 7.4 million in 2023 and is expected to reach USD 8.6 million by 2030.
- The Romania market is expected to grow at a CAGR of 2.1% 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 7.4 million |
| Market revenue in 2030 | USD 8.6 million |
| Growth rate | 2.1% (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, Romania accounted for 0.5% of the global naphthalene market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany naphthalene market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 113.5 million by 2030.
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Naphthalene Market Scope
Naphthalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Romania 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 56.76% in 2023. Horizon Databook has segmented the Romania naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
Naphthalene derivatives play a crucial role in Romania's construction sector, being used extensively for plasticizers and concrete admixtures to enhance performance. This is especially significant as Romania is heavily investing in its infrastructure development.
According to the European Construction Industry, Romania's construction activity surged by 14.2% in gross terms in 2023, marking a record level in the past decade. This remarkable growth is a result of amplified investments in the energy sector, aligned with the government's dedication to increasing the share of renewable energy.
As per Romania's National Energy Consumption Plan (NECP), the goal is to elevate the proportion of renewables to 30.7% by 2030. The escalating infrastructure plans in Romania are fueling the growth of the naphthalene market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Romania naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into Romania naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Romania naphthalene market size, by product, 2018-2030 (US$M)
Romania Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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