Refined Naphthalene Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 1.8 Billion by 2033, growing at a CAGR of 5% from 2026 to 2033.
The global Refined Naphthalene Market was valued at approximately USD 5.2 billion in 2022, with an expected compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. The market is witnessing significant growth due to increasing demand in industries such as chemicals, plastics, and textiles. In terms of regional markets, North America held a substantial share in 2022, contributing around USD 1.1 billion, primarily driven by the presence of key manufacturing facilities and high consumption in the production of phthalates and other derivatives. Europe followed closely with a market size of about USD 1.0 billion, owing to the steady demand in the automotive and industrial sectors, which utilize refined naphthalene for various applications, including additives and lubricants. The Asia Pacific region, especially countries like China and India, is expected to dominate the market in the coming years due to rapid industrialization, population growth, and expanding textile and chemical industries.
The growth of the Refined Naphthalene Market in the Asia Pacific region is forecasted to grow at the highest CAGR of around 5.1% from 2023 to 2030. The demand for refined naphthalene in this region is largely driven by its use in the production of mothballs, as well as in the manufacture of dyes and pesticides. Latin America and the Middle East & Africa also represent emerging markets with substantial growth potential, particularly as industrial activities in these regions continue to expand. These regions together accounted for around 20% of the global market share in 2022. The increasing need for refined naphthalene in the petrochemical industry, as well as its use in the synthesis of other important chemicals, is expected to create significant opportunities for market expansion in these regions during the forecast period.
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Baowu Carbon Material
Rain Industries
OCI
JFE Chemical
Industrial Quimica del Nalon
Carbon Tech Group
Deza a.s.
Himadri
Ansteel Group
Jining Carbon
Jiangsu Huada Chemical Group
Zhejiang Wulong Chemical
Shandong Gude Chemical
Pingdingshan Aosida Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Refined Naphthalene Market
Pharmaceuticals
Colors and Dyes
Industrial Solvents
Agricultural Chemicals
Construction Chemicals
Chemicals
Oil & Gas
Textiles
Automotive
Food & Beverage
Solid Naphthalene
Liquid Naphthalene
Naphthalene Flakes
Naphthalene Granules
Coal Tar Distillation
Crude Oil Refinery
Natural Gas Processing
Direct Sales
Online Sales
Distributors
Retail Outlets
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Refined Naphthalene Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Refined Naphthalene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Refined Naphthalene Market, By Type
6. Global Refined Naphthalene Market, By Application
7. Global Refined Naphthalene Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Refined Naphthalene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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