Market Research Report
Asia-Pacific Naphthalene Market Analysis, 2013-2023
|Published by||Market Krystal||Product code||702326|
|Published||Content info||95 Pages
Delivery time: 1-2 business days
|Asia-Pacific Naphthalene Market Analysis, 2013-2023|
|Published: July 1, 2018||Content info: 95 Pages||
Naphthalene is an organic compound, and it is considered to be the simplest polycyclic aromatic hydrocarbon. It is a white solid chemical that evaporates readily and generally manufactured for commercial purposes using two different sources. It can be produced with the help of both coal tar and petroleum. But, it is usually manufactured from coal tar. It is used in the process of manufacturing phthalic anhydride and is also produced to be used as a surfactant, wetting agent and pesticide in many major end-use industries such as building and construction, agriculture, textile, etc.
Some of the essential factors that are encouraging businesses in this are technological advancement, growing urbanization, and the growth in the construction sector. Also, the need for good crop production is a factor for giving the market a push. The need for house sanitation and cleanliness have also contributed to the industry's growth. It is said that these factors will continue to boost the performance of the sector.
The constant fluctuation in the raw material prices is one of the most concerning issues to be tackled by the naphthalene market. Crude oil prices fluctuate constantly. Also, the material is based on a renewable resource which is depleting day by day, and this factor is expected to hinder the market growth.
The report on Asia-Pacific naphthalene market presents the crux of over 250 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the naphthalene industry value chain coupled with exhaustive secondary and primary research.
As per the report, Asia's naphthalene market is projected to grow at a CAGR of XX.X% by 2023 and will be a USD XXX.X million business by the end of the study period. It was a USD XX.X million business in 2017. The Asia-Pacific region is said to be the largest market for naphthalene, and it is closely followed by North America and Europe. High consumption from China is noted and it is accounting for about 67% of the global naphthalene production capacity.
Some of the key players in the market are CarbonTech Group, Rutgers Group, JFE Chemical Corporation, Epsilon Carbon, DEZA, and Koppers Inc.
At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.
Hence, the naphthalene market is classified based on source, application, end-use industries, and regions. Based on the source, it is split into coal tar and petroleum. Surfactant and wetting agent, pesticide, and others make up for the application and on the basis of end-use industries, it is divided into agriculture, construction, household cleaning, textile, and healthcare sector. Geographically, India, China, Japan, and Malaysia, is expected to drive the market for naphthalene in the region. Different applications of naphthalene in different end-use sectors were mapped in different countries within Asia-Pacific region. Findings were later integrated for a consolidated report.
Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations. This allowed a 3600 view of the industry dynamic.