UK Naphthalene Market Size & Outlook, 2023-2030
UK naphthalene market, 2018-2030 (US$M)
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UK naphthalene market highlights
- The UK naphthalene market generated a revenue of USD 39.3 million in 2023 and is expected to reach USD 48.6 million by 2030.
- The UK market is expected to grow at a CAGR of 3.1% 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 39.3 million |
| Market revenue in 2030 | USD 48.6 million |
| Growth rate | 3.1% (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, UK accounted for 2.5% 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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UK 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 56.74% in 2023. Horizon Databook has segmented the UK naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
In the UK, the demand for naphthalene is highly influenced by its construction industry. Naphthalenebased plasticizers play a crucial role in modern construction activities as they improve the workability and strength of concrete.
The growth of the construction industry in the UK has a positive impact on the naphthalene market in the country. According to the UK Construction, there was a 2% increase in the total annual output of the construction industry in the country in 2023, thereby marking the third consecutive year of this annual growth.
However, the construction industry in the UK is showing signs of decline, with the gross value added to construction activities decreasing in the last quarter of 2023 and the first quarter of 2024. This decline can be attributed to a rise in material costs and labor shortages, along with an uncertain economic environment.
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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 UK naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into UK naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK naphthalene market size, by product, 2018-2030 (US$M)
UK Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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