South Korea Naphthalene Market Size & Outlook, 2023-2030
South Korea naphthalene market, 2018-2030 (US$M)
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South Korea naphthalene market highlights
- The South Korea naphthalene market generated a revenue of USD 15.3 million in 2023 and is expected to reach USD 17.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 1.5% 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 15.3 million |
| Market revenue in 2030 | USD 17.1 million |
| Growth rate | 1.5% (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 Korea accounted for 1.0% of the global naphthalene market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China naphthalene market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 803.2 million by 2030.
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Naphthalene Market Scope
Naphthalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 66.01% in 2023. Horizon Databook has segmented the South Korea naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, the demand for naphthalene is closely linked to the growth of the petrochemical industry. As the country continues to expand its petrochemical production capabilities, the need for naphthalene as a feedstock is expected to rise.
For instance, a significant development in the South Korean petrochemical landscape is the groundbreaking of the Shaheen project by Aramco's S-OIL, which represents a $7 billion investment.
This project aims to produce up to 3.2 million tons of petrochemicals annually and is part of Aramco's broader strategy to enhance its presence in the South Korean market and maximize the crude-to-chemicals value chain.
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Target buyers of South Korea naphthalene market databook
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Our clientele includes a mix of naphthalene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into South Korea naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea naphthalene market size, by product, 2018-2030 (US$M)
South Korea Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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