Russia Naphthalene Market Size & Outlook, 2023-2030
Russia naphthalene market, 2018-2030 (US$M)
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Russia naphthalene market highlights
- The Russia naphthalene market generated a revenue of USD 8.9 million in 2023 and is expected to reach USD 10.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 1.6% 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 8.9 million |
| Market revenue in 2030 | USD 10.0 million |
| Growth rate | 1.6% (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, Russia accounted for 0.6% 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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Russia 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 59.55% in 2023. Horizon Databook has segmented the Russia naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
According to Coal Hub Russia, although the coal production of the country increased by 1.4% in the first half of 2023 to reach 438 million tons, it was 1.26% less than the coal produced in Russia in 2022. Coal exports from the country in 2023 were 213 million tons, thereby witnessing a 1% increase from 2022.
This solidified the position of Russia as a key domestic and international producer of naphthalene due to its abundant natural resources. The demand for naphthalene in Russia is driven by several key industries such as construction, textiles, and pharmaceuticals. In the construction industry, naphthalene is used for producing high-performance concrete and other building materials to improve their workability and durability.
The growth of this industry is fueled by large-scale infrastructure developments, residential investments, transportation projects, and renewable energy projects being carried out in the country. In the fourth quarter of 2023, the GDP of Russia from the construction industry increased to USD 28.75 billion that was up from USD 17.86 billion witnessed in the country during the third quarter of the same year.
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Our clientele includes a mix of naphthalene market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Russia naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into Russia naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia naphthalene market size, by product, 2018-2030 (US$M)
Russia Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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