Us Coal-Tar Processing Naphthalene Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Coal-Tar Processing Naphthalene Market was valued at USD 4.3 Billion in 2022 and is projected to reach USD 6.5 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
The U.S. coal-tar processing naphthalene market is experiencing notable shifts, influenced by various industrial demands and economic factors. Naphthalene, a primary component derived from coal tar, constitutes about 10% of coal tar's weight. Its extraction involves the distillation of coal tar, yielding an oil that contains approximately 50% naphthalene, alongside other aromatic compounds.
In the United States, naphthalene finds extensive applications across multiple industries:
Phthalic Anhydride Production: Naphthalene serves as a key raw material in producing phthalic anhydride, essential for manufacturing plasticizers, resins, and dyes. The surge in demand for these products, particularly in the automotive and construction sectors, has bolstered naphthalene consumption.
Construction Industry: Naphthalene-based superplasticizers are integral in enhancing concrete performance, improving workability, and reducing water content. This application is vital for infrastructure projects, including roads, bridges, and buildings.
Pest Control: Naphthalene's efficacy as a moth repellent has sustained its use in household products like mothballs, safeguarding textiles from insect damage.
However, the market faces challenges. In May 2023, naphthalene prices experienced a downturn, primarily due to decreased downstream demand from phthalic anhydride producers and other household applications. This decline was further exacerbated by a persistent fall in upstream crude oil values, affecting the overall pricing dynamics of naphthalene.
Health and safety regulations also play a pivotal role in shaping the market. Naphthalene handling necessitates strict adherence to safety protocols to mitigate potential risks. Proper training, use of personal protective equipment, and adequate ventilation are imperative to ensure safe operations in industries utilizing naphthalene.
Looking ahead, the U.S. naphthalene market is projected to grow at a compound annual growth rate (CAGR) of 3.01% from 2024 to 2032. This growth is attributed to ongoing technological advancements in production processes, enhancing efficiency and cost-effectiveness. Additionally, the increasing demand for naphthalene derivatives in various applications underscores the market's potential expansion.
In my professional experience, collaborating with industry stakeholders has highlighted the importance of innovation and compliance in navigating the complexities of the naphthalene market. Embracing sustainable practices and investing in research and development are crucial steps toward achieving long-term growth and resilience in this evolving landscape.
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Rain Industries
OCI
Baowu Carbon Material
Koppers
C-Chem CO.
Ltd
Baoshun
Sunlight Coking
Shandong Weijiao
JFE Chemical
Himadri
Evraz
Deza a.s.
Huanghua Xinnuo Lixing
Jining Carbon
Avdiivka Coke Plant
Shanxi Hongte
Ansteel Group
Kailuan Group
Shanxi Coal and Chemical
Shandong Gude Chemical
Jinneng Science
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Coal-Tar Processing Naphthalene Market
Crude Naphthalene
Refined Naphthalene
Plastic Additives
Pharmaceuticals
Textile Dyes
Production of Carbon Materials
Construction
Automotive
Pharmaceutical
Pesticides and Fertilizers
Consumer Goods
Liquid Naphthalene
Solid Naphthalene
High Purity Naphthalene (≥ 99%)
Medium Purity Naphthalene (90-99%)
Low Purity Naphthalene (< 90%)
Global (United States, Global 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 Coal-Tar Processing 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 Coal-Tar Processing Naphthalene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Coal-Tar Processing Naphthalene Market, By Type
6. Global Coal-Tar Processing Naphthalene Market, By Application
7. Global Coal-Tar Processing Naphthalene Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Coal-Tar Processing Naphthalene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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