U.S. Naphthalene Market Size & Outlook, 2023-2030
U.S. naphthalene market, 2018-2030 (US$M)
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U.S. naphthalene market highlights
- The U.S. naphthalene market generated a revenue of USD 212.7 million in 2023 and is expected to reach USD 261.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3% 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 212.7 million |
| Market revenue in 2030 | USD 261.0 million |
| Growth rate | 3% (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, U.S. accounted for 13.4% of the global naphthalene market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. naphthalene market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 261.0 million by 2030.
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Naphthalene Market Scope
Naphthalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 61.12% in 2023. Horizon Databook has segmented the U.S. naphthalene market based on technical naphthalene, refined naphthalene, pure naphthalene covering the revenue growth of each sub-segment from 2018 to 2030.
The application of floor coatings in construction, particularly industrial settings, serves multiple critical functions, enhancing durability, safety, and aesthetics. The U.S. construction sector is expanding significantly owing to rising state and federal funding for institutional buildings and public works.
For instance, in March 2023, the U.S. government announced an investment worth USD 2 trillion develop infrastructure, including hospital buildings, roads, and other infrastructure. The naphthalene market in the U.S. is currently experiencing significant growth, driven by its diverse applications across various sectors.
One of the primary uses of naphthalene is in chemical manufacturing, where it plays a crucial role in producing phthalic anhydride. This compound serves as a precursor for essential products such as plasticizers, resins, and coatings, which are increasingly in demand from the automotive and construction industries.
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Our clientele includes a mix of naphthalene market companies, investment firms, advisory firms & academic institutions.
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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 U.S. naphthalene market , including forecasts for subscribers. This country databook contains high-level insights into U.S. naphthalene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. naphthalene market size, by product, 2018-2030 (US$M)
U.S. Naphthalene Market Outlook Share, 2023 & 2030 (US$M)
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