South Africa Naphthalene Market Size & Outlook, 2023-2030
South Africa naphthalene market, 2018-2030 (US$M)
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South Africa naphthalene market highlights
- The South Africa naphthalene market generated a revenue of USD 18.6 million in 2023 and is expected to reach USD 22.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.6% 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 18.6 million |
| Market revenue in 2030 | USD 22.2 million |
| Growth rate | 2.6% (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, South Africa accounted for 1.2% 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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South Africa 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 63.44% in 2023. Horizon Databook has segmented the South Africa naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, the demand for naphthalene is significantly influenced by its applications in the petrochemical, construction, and textile industries. The petrochemical sector in the country is a major consumer of naphthalene, as it is used in the production of phthalic anhydride, which is crucial for creating plasticizers that enhance the properties of construction materials.
With ongoing infrastructure development projects and government initiatives aimed at boosting the construction sector, the demand for naphthalene is expected to rise. The textile industry in South Africa is a significant driver of naphthalene consumption.
Naphthalene derivatives are utilized in dye production and other chemical processes, hence, the demand for naphthalene grows as the market for high-quality textiles grows. Additionally, the personal care & cosmetics sector is emerging as a notable consumer of naphthalene derivatives, as manufacturers seek innovative formulations to meet evolving consumer preferences.
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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 South Africa naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into South Africa naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa naphthalene market size, by product, 2018-2030 (US$M)
South Africa Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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