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Naphthalene Market Size impressive growth rate will be stimulated by personal care sector by 2024

Author : Ronak Bora | Published Date : 2019-05-30 

The major restraints for the naphthalene market size includes toxic nature of the product, fluctuations in price of crude oil and availability of alternate material in market to produce camphor derivatives which will affect the industry growth.

High levels of exposure to the product is toxic to aquatic and wildlife organisms. Inhalation of air with elevated levels of camphor can cause adverse health effects which include nausea, blood disorder, eye & skin irritation, headache, convulsions, confusion, and coma. Exposure to C10H8 at normal levels have no adverse effects on human health.

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Increasing demand for paint & coatings and leather products will stimulate the market growth of the product market in the forecasted period. Additionally, the product is used in the synthesis of rubber, rising demand for rubber will drive the naphthalene market size.

Naphthalene Market size is projected to register sustainable growth owning to rise in demand of C10H8 derivative, sulfonated naphthalene-formaldehyde in construction industry. The derivative is used as superplasticizer in concrete mixtures to improve consistency and quality of water to cement ratio. The products’ derivative alkyl naphthalene sulfonate is used as a wetting agent in the process of scouring and as a dyeing agent in textile industry.

Robust growth in the textile industry is going to drive the naphthalene market in the forecasted time.  Increasing usage of C10H8 in wall tiles for water proofing systems, improving interiors of commercial and residential spaces will boost the naphthalene market.

Asia-Pacific region, led by India naphthalene market is the largest potential market for the product. major factors responsible for growth of product in this region include rising construction activities, investments from foreign countries and living standards.

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North America and Europe will experience a moderate growth rate owing to strict rules and regulations in the region. Middle East & Africa and Latin America will register a sluggish growth rate in naphthalene market during the forecast time frame due to presence of less end user industries in regions.

The naphthalene market is consolidated with many companies manufacturing worldwide. The key market players for the product market include RUTGERS GROUP, BASF SE, Industrial Quimica del Nalon, Evonik Industries, PCC Rokita, Merck Group, Iwaki Seiyaku, Daikaffil Chemicals India, RUTGERS Belgium., Apin Chemicals, Arkema, Huntsman International, GIOVANNI BOZZETTO, AVH chemicals, SAIL, Koppers, King Industries, Cromogenia-Units, Kao Corporation and Clariant.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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