PUBLISHER: IMARC | PRODUCT CODE: 1468231
PUBLISHER: IMARC | PRODUCT CODE: 1468231
Naphthenic Acid Market Report by Type, Application, Sales Channel, and Region 2024-2032
The global naphthenic acid market size reached US$ 70.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 85.0 Million by 2032, exhibiting a growth rate (CAGR) of 2.08% during 2024-2032.
Naphthenic Acid (CnH2n-z O2) refers to a light-yellowish to dark-colored, insoluble complex compound that is identified as the mixture of predominant carboxylic and a small amount of acyclic acids present in crude oil or sand bitumen. It is obtained from the caustic extraction of petroleum distillation procedure wherein the product is removed from refinery streams through caustic washing. Naphthenic acid can act as a surfactant, causing emulsion formulation and stabilization, and it can necessitate high levels of treatment to meet product specifications. Consequently, naphthenic acid finds extensive applications in metal synthesis, paint dryers, detergents, solvents, organic peroxides, corrosion inhibitors, metal naphthenates, ink driers, and rubber reclaiming. At present, it is commercially available in refined and high-quality product types, which are used in diverse industries based on requirements.
Naphthenic Acid Market Trends:
The increasing need to protect various wood products, such as fences, poles, furniture, and other timber surfaces, has facilitated the widespread adoption of naphthenic acid as a preservative across the residential and commercial sectors, which is primarily driving the market growth. Naphthenic acid is used with copper salts, zinc naphthenate, and naphthenic acid to protect cellulosic materials from decay and extreme temperatures or humidity. In line with this, the rising usage of naphthenic acid as fuel additives in jet engines and locomotives to increase engine life is acting as another growth-inducing factor. It is further influenced by the extensive product usage in the aerospace industry as an anti-corrosive agent in the production of jet fuels. Additionally, naphthenic acid finds applications in lubricants, adhesives, sealants, coatings, pesticides, emulsifier intermediates, and anti-scaling agents, which, in turn, is supporting the market growth. Apart from this, the emergence of naphthenic acid as an ideal alternative to phosphate ester in industrial coatings, owing to its anti-scaling properties and strategic collaborations among key players, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global naphthenic acid market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application and sales channel.
Breakup by Type:
Refined Naphthenic Acid
High-purity Naphthenic Acid
Breakup by Application:
Paint and Ink Driers
Wood Preservatives
Fuel and Lubricant Additives
Rubber Additives
Others
Breakup by Sales Channel:
Direct Channel
Distributor
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Haihang Industry Co. Ltd, Jigchem Universal, Leo Chemo Plast Pvt. Ltd., Merck KGaA, Merichem Company, Petroleos del Peru, Shenyang Zhang Ming Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd and Umicore Cobalt & Specialty Materials.
Key Questions Answered in This Report
- 1. What was the size of the global naphthenic acid market in 2023?
- 2. What is the expected growth rate of the global naphthenic acid market during 2024-2032?
- 3. What are the key factors driving the global naphthenic acid market?
- 4. What has been the impact of COVID-19 on the global naphthenic acid market?
- 5. What is the breakup of the global naphthenic acid market based on the type?
- 6. What is the breakup of the global naphthenic acid market based on the application?
- 7. What are the key regions in the global naphthenic acid market?
- 8. Who are the key players/companies in the global naphthenic acid market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Naphthenic Acid Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Refined Naphthenic Acid
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 High-purity Naphthenic Acid
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Paint and Ink Driers
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Wood Preservatives
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Fuel and Lubricant Additives
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Rubber Additives
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Sales Channel
- 8.1 Direct Channel
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Distributor
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Haihang Industry Co. Ltd
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Jigchem Universal
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Leo Chemo Plast Pvt. Ltd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Merck KGaA
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Merichem Company
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Petroleos del Peru
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Shenyang Zhang Ming Chemical Co. Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Tokyo Chemical Industry Co. Ltd
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Umicore Cobalt & Specialty Materials
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.1 Haihang Industry Co. Ltd
List of Figures
- Figure 1: Global: Naphthenic Acid Market: Major Drivers and Challenges
- Figure 2: Global: Naphthenic Acid Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Naphthenic Acid Market: Breakup by Type (in %), 2023
- Figure 5: Global: Naphthenic Acid Market: Breakup by Application (in %), 2023
- Figure 6: Global: Naphthenic Acid Market: Breakup by Sales Channel (in %), 2023
- Figure 7: Global: Naphthenic Acid Market: Breakup by Region (in %), 2023
- Figure 8: Global: Naphthenic Acid (Refined Naphthenic Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Naphthenic Acid (Refined Naphthenic Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Naphthenic Acid (High-purity Naphthenic Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Naphthenic Acid (High-purity Naphthenic Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Naphthenic Acid (Paint and Ink Driers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Naphthenic Acid (Paint and Ink Driers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Naphthenic Acid (Wood Preservatives) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Naphthenic Acid (Wood Preservatives) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Naphthenic Acid (Fuel and Lubricant Additives) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Naphthenic Acid (Fuel and Lubricant Additives) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Naphthenic Acid (Rubber Additives) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Naphthenic Acid (Rubber Additives) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Naphthenic Acid (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Naphthenic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Naphthenic Acid (Direct Channel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Naphthenic Acid (Direct Channel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Naphthenic Acid (Distributor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Naphthenic Acid (Distributor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: North America: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: North America: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: United States: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: United States: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Canada: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Canada: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Asia-Pacific: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Asia-Pacific: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: China: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: China: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Japan: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Japan: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: India: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: India: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: South Korea: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: South Korea: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Australia: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Australia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Indonesia: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Indonesia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Europe: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Europe: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Germany: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Germany: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: France: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: France: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: United Kingdom: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: United Kingdom: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Italy: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Italy: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Spain: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Spain: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Russia: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Russia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Latin America: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Latin America: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Brazil: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Brazil: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Mexico: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Mexico: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Middle East and Africa: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Middle East and Africa: Naphthenic Acid Market: Breakup by Country (in %), 2023
- Figure 74: Middle East and Africa: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Global: Naphthenic Acid Industry: SWOT Analysis
- Figure 76: Global: Naphthenic Acid Industry: Value Chain Analysis
- Figure 77: Global: Naphthenic Acid Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Naphthenic Acid Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Naphthenic Acid Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Naphthenic Acid Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Naphthenic Acid Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
- Table 5: Global: Naphthenic Acid Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Naphthenic Acid Market: Competitive Structure
- Table 7: Global: Naphthenic Acid Market: Key Players
