Saudi Arabia Naphthalene Market Size & Outlook, 2023-2030
Saudi Arabia naphthalene market, 2018-2030 (US$M)
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Saudi Arabia naphthalene market highlights
- The Saudi Arabia naphthalene market generated a revenue of USD 14.8 million in 2023 and is expected to reach USD 17.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 2.2% 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 14.8 million |
| Market revenue in 2030 | USD 17.3 million |
| Growth rate | 2.2% (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, Saudi Arabia accounted for 0.9% of the global naphthalene market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa naphthalene market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 22.2 million by 2030.
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Naphthalene Market Scope
Naphthalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 65.54% in 2023. Horizon Databook has segmented the Saudi Arabia 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 Saudi Arabia is largely influenced by its applications in the construction, automotive, and textile industries. The ongoing expansion of these industries, fueled by government initiatives and investments, is expected to bolster naphthalene consumption.
The Vision 2030 initiative, aimed at diversifying the economy and reducing dependence on oil, is contributing to the growth of the chemical sector, thereby increasing the demand for naphthalene and its derivatives.
Additionally, the personal care & cosmetics market in Saudi Arabia is expanding, with a growing focus on high-quality products that often incorporate naphthalene derivatives. As consumer preferences evolve, manufacturers are adapting their formulations to meet the rising demand for innovative and effective products.
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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 country-level data and insights on the Saudi Arabia naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia naphthalene market size, by product, 2018-2030 (US$M)
Saudi Arabia Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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