Synthesis
of naphthalene derivatives require naphthalene compound as a basic
precursor. Naphthalene is one of the most important members of the
class of organic compounds, wherein two or more benzene rings are
fused together at ortho-position. Naphthalene derivatives are
synthesized in two stages, namely, ring closure by cyclization
reaction, followed by aromatization process. However, various other
modifications can be carried out to synthesize different types of
naphthalene derivatives. 1, 6-dihydroxynaphthalene,
1-methylnaphthalene, 1-naphthol and 2-naphthol are some of the
examples of naphthalene derivatives commercially available in the
market. These derivatives are available in powder and liquid form, of
which, the powder form finds prominent use. CMI forecasts the global
naphthalene derivatives market to grow at a healthy growth rate over
the forecast period (2016-2024), owing to factors such as ever rising
demand for naphthalene derivatives such as naphthalene formaldehyde
in the construction industry across the world.
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Rising
construction industry and textile industry along with increasing
application of naphthalene derivatives in production facilities
across various industries such as chemicals, pharmaceuticals, paints
and coatings, and others are major driving factors for growth of the
global naphthalene derivatives industry. Rising living standards
supported by high discretionary income translates to spending on
fabrics and textiles wherein, it is used in material dyeing and
bleaching, which in turn catalyzes the growth of naphthalene market.
Apart from textile and construction industries, a significant rise in
demand from the agrochemical industry also contributes to the
increasing demand for global naphthalene market.
However,
the toxic nature of naphthalene derivatives can be a major restraint
for the growth of the naphthalene derivatives market.
Naphthalene
Derivatives Market Taxonomy
By
Form
On
the basis of form, the global market is classified into:
-
Liquid
-
Powder
By
Type
Based
on type, the global market is segmented as:
-
Alkyl Naphthalene Sulfonate Salts
-
Sodium Polynaphthalene
-
Calcium Polynaphthalene
-
-
Naphthalene Sulfonic Acid
-
Naphthalene-Formaldehyde Condensates (SNF)
-
Naphthols
-
1-Naphthol
-
2-Naphthol
-
-
Others (Amino Naphthalene, etc.)
By
End-Use Industry
On
the basis of end-use industry, the global market is classified into:
-
Agrochemicals
-
Construction
-
Textiles
-
Detergent
-
Pharmaceuticals
-
Paints & Coating
-
Rubber Synthesis
-
Styrene Butadiene Rubber (SBR)
-
Nitrile Butadiene Rubber (NBR)
-
-
Others (Pulp & Paper and Leather Tanning, etc.)
Owing
to the growing textile and construction industry along with growing
production facilities, the naphthalene derivatives market is expected
to witness a robust growth during the forecast period. Increasing
development plans in the market, continuous urbanization associated
with rising living standards, in turn drives growth of supporting
industries such as textile and construction., Significant utilization
of naphthalene in the construction industry to increase the fluidity
of concrete mixtures to strengthen the building infrastructure, is in
turn expected to fuel growth of the naphthalene derivatives market
over the forecast period.
Market
Outlook – Increasing construction and textile industry in Asia
Pacific is expected to boost the growth for naphthalene derivatives
market
Asia
Pacific is expected to be the most lucrative market for naphthalene
derivatives market, owing to rising economy, strong growth of
construction and textile sectors to support the increasing
population, along with increasing number of production facilities due
to the foreign investments and increasing FDI, especially in China
and India. North America and Europe are expected to witness a
moderate growth in the market due to implementation of stringent
regulations pertaining to the application of the same. For instance,
use of naphthalene derivatives is prohibited in cosmetics since it is
considered harmful for skin. For instance, in the EU, it is
categorized as a carcinogenic, mutagenic, reprotoxic (CMR) substance,
while the U.S. FDA has banned its use in cosmetics.
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Some
of the companies operating in the global naphthalene derivatives
market include BASF SE, RÜTGERS Group, Huntsman International LLC,
Evonik Industries AG, Koppers Inc., Arkema Group, Kao Corporation,
Giovanni Bozzetto Spa, Cromogenia-Units S.A., and Clariant etc. Key
players existing in the global naphthalene derivatives industries are
currently focusing on geographical expansion, particularly in the
emerging economies of China, India, South East Asia, and Brazil etc.
With the increase in population and rapid urbanization, construction
and textiles industries in particular are expected to witness a
significant rise in demand, which in turn would fuel demand for
naphthalene derivatives.
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