[Latest] Global Naphthalene Derivative Market Size/Share Worth USD 10.52 Billion by 2034 at a 4.11% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
Austin, TX, USA, July 15, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Naphthalene Derivative Market Size, Trends and Insights By Source (Coal Tar, Petroleum, Other), By Form (Liquid, Powder), By Derivative (Phthalic Anhydride, Naphthalene Sulfonic Acid, Naphthols, Sulfonated Naphthalene Formaldehyde, Alkyl Naphthalene Sulfonate Salts, Others), By End User (Textile, Oil & Gas, Paints & Coatings, Pulp & Paper, Construction, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database.
'According to the latest research study, the demand of the global Naphthalene Derivative Market size & share was valued at approximately USD 7.05 Billion in 2024 and is expected to reach USD 7.32 Billion in 2025 and is expected to reach a value of around USD 10.52 Billion by 2034, at a compound annual growth rate (CAGR) of about 4.11% during the forecast period 2025 to 2034.'
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Overview
As per the industry experts at CMI, the naphthalene derivatives market is maturing rapidly, propelled by growing demand from construction, agrochemicals, textiles, and pharmaceuticals. Industry leaders such as INEOS, Hikal, Sinopec, and Reliance are increasing production volumes while implementing green chemistry practices designed to reduce their environmental impact. In North America emphasis falls on advanced downstream uses and production processes that align with evolving regulations.
European companies stress REACH compliance, pursue bio-based substitutes and weave their products into broader sustainable infrastructure plans. Asia-Pacific producers are expanding local capacity and pouring resources into lower-toxicity formulas that meet both industrial demand and rapid urban growth. Across all regions circular-economy initiatives, ESG targets and strategic collaborations remain key engines of innovation and of the market's upward trajectory.
Key Trends & Drivers
Growth in the Textile Sector: Growth in the global Textile sector continues to reinforce the requirement for naphthalene derivatives used as building blocks in dyes and pigments. These chemicals deliver colour strength, light-fastness, and compatibility with synthetic fibres, making them essential as modern fabric finishing agents. In February 2023 Huntsman finalized the sale of its Textile Effects division to Archroma, a move that enlarged Archroma's portfolio and underscored the former segments strength. This kind of transaction illustrates how chemicals for textiles are gaining strategic weight within the larger specialty-chemicals industry.
Moreover, across numerous emerging markets demand for high-performance, sustainable dyes continues to exceed available supply. Given that global clothing consumption is gradually increasing and that the industry is now placing a higher value on sustainable chemical input, it is not surprising that textiles continue to be a key consumer of naphthalene derivatives. In many emerging markets, demand for high-performance, eco-compliant dyes is still outpacing supply. As worldwide demand for clothing continues to rise, manufacturers increasingly seek consistent supplies of chemical precursors. For this reason, naphthalene derivatives remain a staple input in the textile value chain.
Industrialisation in Asia-Pacific: The Asia-Pacific bloc still absorbs the largest volume of naphthalene derivatives because living standards are rising, textile use is expanding, and sweeping infrastructure programs in India, Indonesia and similar markets are forging new demand. Construction activity is robust, chemical output is recovering, and consumers are buoyant across most of the region. Reflecting this trend, a joint venture announced in November 2022 will soon build a high-purity naphthalene plant in Indonesia, securing local feedstock and trimming import reliance.
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That decision illustrates a broader industrial shift toward regionally anchored production. Asia-Pacific also enjoys relatively low operating costs, government incentives, and geographic closeness to major consumers. Demand from housing, transport, and textiles adds further momentum. Accordingly, the region maintains its position as the world's largest and fastest-growing market for these specialty chemicals.
Focus on Water-Reducing Agents: Sulfonated naphthalene formaldehyde (SNF) is now a cornerstone of concrete admixtures, helping contractors cut water content while keeping the mix workable. With architects looking for more sustainable and more efficient buildings, the role of specialty chemical formulations, in construction called additives, is continuing to increase. In March 2023 Vinati Organics announced VINPLAST-245, a new superplasticizer that is a high-performance admixture that helps facilitate the concrete-mixing process.
By improving the durability of the overall material, delivery of the additive lowers the carbon footprint for every truckload that is placed on-site. Engineers worldwide-from bridge builders to high-rise contractors-now specify the sulfonated naphthalene formaldehyde blend to secure green project ratings. Fast urban growth and smart-city plans are driving that trend, and specialists see the product staying at the forefront. Consequently, SNF has solidified its position as the flagship option within the naphthalene derivative family.
Report Scope
Feature of the Report
Details
Market Size in 2025
USD 7.32 Billion
Projected Market Size in 2034
USD 10.52 Billion
Market Size in 2024
USD 7.05 Billion
CAGR Growth Rate
4.11% CAGR
Base Year
2024
Forecast Period
2025-2034
Key Segment
By Source, Form, Derivative, End User and Region
Report Coverage
Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options
Request tailored purchasing options to fulfil your requirements for research.
(A free sample of the Naphthalene Derivative report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology
(Please note that the sample of the Naphthalene Derivative report has been modified to include the COVID-19 impact study prior to delivery.)
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SWOT Analysis
Strengths: The market for naphthalene derivatives enjoys broad use in construction, textiles, agrochemicals, and pharmaceuticals, which fuels steady demand. Key intermediates such as superplasticizer SNF, phthalic anhydride, and naphthols serve high-volume segments where performance is critical. A well-established production network, concentrated in the Asia-Pacific region, keeps supply reliable and costs competitive. Mature processing technologies, supported by extensive logistics, provide dominant suppliers a durable edge in pricing and responsiveness. Vertically integrated companies like INEOS and Sinopec control feedstock through to finished products, insulating profits against market swings. The chemical versatility of naphthalene derivatives opens pathways for advanced performance materials and specialty formulations. Collectively, these advantages drive consistent global growth and reinforce market resilience.
Weaknesses: Even with a diverse customer base, the sector remains sensitive to fluctuations in coal tar and petroleum feedstock costs. Stringent regulations targeting VOC emissions and toxic by-products from some processes add layers of compliance expense. Smaller operators often struggle to meet sustainability benchmarks, which can narrow margins and limit investment. The slow evolution of bio-based substitutes keeps the industry anchored to fossil-derived feedstocks for the foreseeable future. Disruptions such as the COVID-19 pandemic revealed logistical chokepoints within global supply chains and highlighted just-in-time vulnerabilities. Furthermore, specialty derivatives demanding ultra-high purity raise capital and operational hurdles for many producers. Taken together, these challenges can decelerate innovation rates, particularly in regions with weaker regulatory oversight.
Opportunities: Global infrastructure ramp-ups keep pushing the need for naphthalene-based superplasticizers in concrete, making the market positively hungry for the product. Concurrently, greener reformulation and green chemistry breakthroughs are opening up space for bio-derived or low-emission naphthalene alternatives. Early-stage economies in Latin America and Southeast Asia represent largely untouched construction and textiles demand just waiting to be cultivated. Greater research on high-performance niches, from industrial coatings to pharmaceutical-grade uses, broadens the funnel for value-added sales stories. Forming strategic alliances with technology and specialty chemical firms could fast-track that product development. Securing environmental certificates and staying ahead of ESG targets further sharpens competitiveness in tightening regulatory arenas. Taken together, these opportunities open new revenue channels and expand the company's global footprint.
Threats: Harsh environmental rules, especially in Europe and North America, cast uncertainty on the future of coal-tar-derived grades and on the production processes that rely on them. At the same time, rival chemistries-polycarboxylate ethers and bio-based plasticizers-are becoming harder to ignore and harder to outsell. And because many feedstocks travel the crude-oil chain, wild fluctuations in crude prices inevitably wobble the cost structure of petroleum-derived raw materials and squeeze margins. Geopolitical friction and fresh trade barriers, from tariffs to export quotas, cloud forecasts and can abruptly change international supply-and-demand patterns. Project delays in infrastructure spending naturally pull through SNF volumes in the construction sector and stifle consumption. Moreover, consumers loud demands for biodegradable offerings may steer attention-and ultimately R&D dollars-away from traditional naphthalene chemistries. Collectively, these external headwinds risk putting long-term market stability on shaky ground.
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Key questions answered in this report:
What is the size of the Naphthalene Derivative market and what is its expected growth rate?
What are the primary driving factors that push the Naphthalene Derivative market forward?
What are the Naphthalene Derivative Industry's top companies?
What are the different categories that the Naphthalene Derivative Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Naphthalene Derivative market sample report and company profiles?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2025−2034
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Perspective
The Naphthalene Derivative Market can be divided across different regions such as North America, Europe, Asia-Pacific, and LAMEA. This is a cursory overview of each region:
North America: Growth across the North American naphthalene-derivative market comes primarily from the construction sector, the oil-and-gas industry, and specialty-chemical formulations, with the United States, Canada, and Mexico jointly driving innovation and consumption. The region's advantages include robust research-and-development activity, clear regulatory pathways, and steady increases in public-works funding, particularly in sulfonated naphthalene-formaldehyde (SNF) superplasticizers and next-generation, environmentally friendly coatings. In May 2023 an American company introduced its next-generation superplasticiser specifically engineered for 3D-printed concrete used in highway projects, a move that highlights the growing industry preference for high-performance materials in modern infrastructure. Because regulators and investors are pressuring builders to adopt smarter, more sustainable solutions, analysts expect steady year-on-year growth in demand for advanced chemical admixtures. Additional momentum stems from new green-building codes and the increasing use of digital construction tools, both of which strengthen the case for these naphthalene derivatives.
Europe: Europe's market for naphthalene derivatives is increasingly influenced by strict environmental rules, a push for sustainable practices, and rising demand from the automotive, coatings, and specialist construction industries. Germany, France, and the United Kingdom are among the first major economies to replace traditional chemicals with greener alternatives that meet REACH rules and align with circular-economy goals. In June 2023 Vinati Organics received an EcoVadis Gold rating for its sodium naphthalene formaldehyde exports, reflecting that the market now favors responsibly produced, low-carbon materials. That accolade enhanced the firms visibility among suppliers throughout EU construction markets. In addition, green certifications, ESG targets, and low-VOC trends continue to nudge manufacturers toward cleaner formulations. By setting the worlds toughest standard, Europe remains the driving force behind industry innovation and market change.
Asia-Pacific: Asia-Pacific remains the largest and fastest-growing market for naphthalene derivatives, a direction sustained primarily by China, India, and Southeast Asia. Their industrial push, rapid urbanization, and expanding textile production combine to increase demand year on year. The region not only manufactures these products at scale but also pioneers new downstream grades, evidence includes rising output of sodium naphthalene formaldehyde and phthalic anhydride. In March 2024 India commissioned a 200,000-ton-per-annum facility in Gujarat, improving the local supply of resins and plasticizers while gradually lowering imports. Chinese companies have meanwhile enlarged sodium naphthalene formaldehyde lines to service markets across Asia and into Africa. Cost-competitive production, supportive policy frameworks, and a broad internal customer base together cement the regions leadership position. The new production plants currently being planned are expected to sharpen the company's competitive edge and, at the same time, raise export volumes.
LAMEA: Latin America, the Middle East, and Africa are quickly becoming a lively market for naphthalene derivatives, thanks to major infrastructure projects, higher agricultural budgets, and greater use of these chemicals in oilfield operations. Brazil together with the Gulf Cooperation Council states now accounts for the lions share, applying the products to strengthen concrete, improve agrochemicals and create corrosion-resistant coatings. In November 2023 a Brazilian supplier rolled out an alkyl-naphthalene-sulfonate dispersant designed for pesticide mixes in soybean-growing regions, improving product stability in humid tropical weather. At the same time, Middle Eastern contractors are incorporating sodium-naphthalene-formaldehyde additives into landmark schemes like Saudi Arabias NEOM. Though regional output is still small, local demand is steady and gradually replacing imports as innovation centers take root.
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List of the prominent players in the Naphthalene Derivative Market:
INEOS
Hikal Limited
Sinopec Corp.
Reliance Industries Ltd.
Jubilant Pharmova Limited
Solvay SA
Evonik Industries AG
Saudi Aramco
LyondellBasell Industries Holdings B.V.
BASF SE
Capitol Chemical Corporation
Merck KGaA
Others
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The Naphthalene Derivative Market is segmented as follows:
By Source
Coal Tar
Petroleum
Other
By Form
Liquid
Powder
By Derivative
Phthalic Anhydride
Naphthalene Sulfonic Acid
Naphthols
Sulfonated Naphthalene Formaldehyde
Alkyl Naphthalene Sulfonate Salts
Others
By End User
Textile
Oil & Gas
Paints & Coatings
Pulp & Paper
Construction
Others
Regional Coverage:
North America
U.S.
Canada
Mexico
Rest of North America
Europe
Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
This Naphthalene Derivative Market Research/Analysis Report Contains Answers to the following Questions.
What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Naphthalene Derivative Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Naphthalene Derivative Market? What Was the Capacity, Production Value, Cost and PROFIT of the Naphthalene Derivative Market?
What Is the Current Market Status of the Naphthalene Derivative Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Naphthalene Derivative Market by Considering Applications and Types?
What Are Projections of the Global Naphthalene Derivative Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Naphthalene Derivative Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Naphthalene Derivative Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Naphthalene Derivative Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Naphthalene Derivative Industry?
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Reasons to Purchase Naphthalene Derivative Market Report
Naphthalene Derivative Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Naphthalene Derivative Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Naphthalene Derivative Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Naphthalene Derivative Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
The study provides a thorough overview of the global Naphthalene Derivative market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Naphthalene Derivative market analysis.
The competitive environment of current and potential participants in the Naphthalene Derivative market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Naphthalene Derivative market should find this report useful. The research will be useful to all market participants in the Naphthalene Derivative industry.
Managers in the Naphthalene Derivative sector are interested in publishing up-to-date and projected data about the worldwide Naphthalene Derivative market.
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Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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However, if you're only going to repurchase the same investments you sold to facilitate the RMD, you need not bother. You can simply request a transfer of assets from an IRA and into an ordinary brokerage account. Just instruct your broker/custodian to do what's called an in-kind transfer. It may take an extra day or two to complete, but you'll still get a precise distribution value figure for the day the transfer was officially done. That being said, while you're moving things around anyway, you might want to use the opportunity to make some smart changes to your portfolio. Just consider the new taxable status for any freed-up money or assets. Nothing that ever happened within your IRA was a taxable event. Now, everything this money could become presents a potential tax liability. If you want to keep your tax bill to a minimum, you probably won't want to invest your entire RMD in dividend stocks. While they're riskier, buy-and-hold growth stocks are also rather tax-efficient. 4. Start saving for a Roth conversion Finally, if you know taking taxable withdrawals out of your retirement account every year is going to be more of a drag than you care to deal with, you've always got the option of converting an ordinary IRA into a Roth IRA -- Roths aren't subject to RMDs. The downside to this move is that when you convert money from an ordinary IRA into a Roth, all the taxes on this withdrawal come due at once. This can get expensive, especially if doing so bumps you into a higher tax bracket for the year. That's why many people who opt for Roth conversions perform them over the course of multiple years, completing the conversion in tranches, each of which is a relatively small income-taxable event. Assuming you'd rather not leave any money out of the newly converted (but still tax-deferring) Roth when you don't have to, you can cover this tax bill with other funds ... including your RMD money. Just bear in mind that a Roth conversion doesn't satisfy your RMD for that year. And, paying taxes on one doesn't negate the tax bill for the other. Every year's required minimum distribution is already determined at the end of the prior year, and is owed whether you do a conversion that year or not. If you like this idea, you'll simply want to convert as much money as possible as quickly as possible to keep your RMDs -- and the number of years you must take them -- to their lowest-possible minimum. The $23,760 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known could help ensure a boost in your retirement income. One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Join Stock Advisor to learn more about these Motley Fool has a disclosure policy. Don't Need Your Required Minimum Distribution (RMD) Right Now? What Can You Do With the Cash Influx? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
5 Reasons You Should Cancel Your Walmart+ Membership
A Walmart+ membership can be a valuable tool for the right person, especially for those who regularly shop at Walmart and would like the convenience of free home delivery plus other money-saving perks. For those who are wondering whether to cancel after the free 30-day trial or whether to renew their current membership, here are a few things to think about. Check Out: Read Next: Your 30-Day Trial Is Up and You Hardly Used the Membership If you decided to give a Walmart+ membership a whirl and didn't use it much, that's a good reason to cancel it. Unless you have rock-solid plans to use it in the future, why pay $98 a year for something you'll barely use? You Don't Want To Tip the Delivery Driver If one of the reasons you wanted the membership was for the convenience of Walmart delivering purchases and prescriptions to your doorstep, but you don't want to tip the delivery driver, you'll probably want to cancel. Even though Walmart does not require shoppers to tip, drivers may expect tips and pass over your order if they know you aren't planning to tip. Unfortunately, this can delay your order, which is an inconvenience and not worth the membership fee. Discover More: The Mobile Scan-and-Go Feature Won't Work Consistently The mobile scan-and-go feature is one of the perks of the Walmart+ membership because it saves time. It allows shoppers to scan their items while shopping and skip scanning at the checkout kiosk. However, some shoppers complain it doesn't work consistently, leaving them to have to rescan all of their items before checkout — which was what they were trying to avoid in the first place. You might as well save time and check out as normal if you experience these issues. Your Items Don't Arrive on Time Look online and you'll find plenty of complaints from Walmart+ members who say their items don't arrive on time. Other complaints include getting the wrong order, having missing items or having their order misdirected. If during your 30-day trial you experience more than one instance like these, it's likely you will continue to experience more of the same. Why pay for a service that doesn't deliver on its promises? Save time and frustration by utilizing curbside pickup or shopping in-store to pick up your items. You're Not Interested in Any of the Other Perks A Walmart+ membership isn't only for free delivery; it also offers the following perks: Free shipping with no order minimum Free pharmacy delivery with no order minimum Save $0.10 per gallon on fuel at more than 13,000 stations nationwide Free Paramount+ subscription 25% off daily Burger King purchases and a free Whopper with purchase every three months While these are all valuable perks, if you're not interested in utilizing any of them, you should probably cancel your Walmart+ membership. More From GOBankingRates 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on 5 Reasons You Should Cancel Your Walmart+ Membership


Fox News
12 minutes ago
- Fox News
Workers praise Trump's ‘no tax on tips' policy
Sen. Markwayne Mullin, R-Okla., discusses President Donald Trump's economic policies in the One, Big Beautiful Bill Act and more on 'Fox & Friends Weekend.'