Spain Naphthalene Market Size & Outlook, 2023-2030
Spain naphthalene market, 2018-2030 (US$M)
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Spain naphthalene market highlights
- The Spain naphthalene market generated a revenue of USD 9.3 million in 2023 and is expected to reach USD 11.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 3.2% 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 9.3 million |
| Market revenue in 2030 | USD 11.5 million |
| Growth rate | 3.2% (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, Spain 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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Spain 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 59.14% in 2023. Horizon Databook has segmented the Spain naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
The naphthalene market in Spain is a niche segment within its broad chemicals industry, primarily driven by the applications of naphthalene in the textiles, plastics, and pharmaceuticals industries. Naphthalene, a polycyclic aromatic hydrocarbon, is primarily derived from coal tar and is known for its use as a precursor for producing phthalic anhydride, which is essential for manufacturing plasticizers and resins.
The demand for naphthalene in Spain has been influenced by both domestic consumption and export opportunities, particularly within the European Union. In recent years, the naphthalene market in Spain has experienced fluctuations due to varying demand for this compound from key industries.
The textiles industry, which utilizes naphthalene in dye production, has shown resilience, although it faces competition from synthetic alternatives. Additionally, the growth of the construction industry in the country has spurred the demand for plasticizers derived from naphthalene as they are crucial for enhancing the properties of concrete and other building materials.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into Spain naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain naphthalene market size, by product, 2018-2030 (US$M)
Spain Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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