Naphthalene Derivatives Market | Key players operating in the market include Koppers, BASF, Rütgers, Evoni-k, Cromogenia Units
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Sulfonated Naphthalene Formaldehyde (SNF): The largest segment of the naphthalene derivatives market, by derivative
SNF was the largest segment of the global naphthalene derivatives market, by derivative in 2016, followed by phthalic anhydride. This segment holds the maximum market share due to the increasing use of SNF in construction and textile industries. Its consumption as superplasticizer and dispersing agent in concrete formulation due to its outstanding water reducing properties is also expected to drive its demand globally.
Powder: The largest form of naphthalene derivatives
Powdered form was the largest segment of naphthalene derivatives, by form, in 2016. Powder form is easy to transport in comparison to liquid form. Naphthalene derivatives are toxic in nature and their spillage in liquid form can be hazardous. Therefore, the powder form of naphthalene derivatives is more preferred than liquid form which is responsible for its high market share.
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Construction: The largest end-use industry of the naphthalene derivatives market
Construction was the largest segment of the global naphthalene derivatives market, by end-use industry, in 2016. The growth in building and infrastructure activities across the globe leads to a rise in the demand for high quality concrete. Naphthalene derivatives are used as superplasticizers in the construction industry to enhance the durability of concrete.
APAC: The largest naphthalene derivatives market, by region
The APAC region was the largest market for naphthalene derivatives, in terms of both value and volume, in 2016. The large market size of the Asia Pacific region is due to the manufacturing facilities being shifted by large players from mature markets such as Europe and North America to Asia Pacific. China's slow economic growth in recent years and initiatives to decarbonize the economy to promote sustainable development is resulting in a reduction of coal production and subsequently affecting the market of naphthalene derivatives in the country. However, extensive consumption of naphthalene derivatives in major end-use industries such as construction, agrochemicals, textile, oil & gas, pulp & paper, pharmaceuticals, paints & coatings, and others is expected to drive its demand in future. Furthermore, abundant availability of raw materials and consumers as well as affordable labor is also attracting market players to establish their production facilities in the region.
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Naphthalene derivatives manufacturers, such as Koppers (US), BASF (Germany), Rütgers (Belgium), Evoni-k (Germany), Cromogenia Units (Spain), King Industries, Inc. (US), Carbon Tech Group (Iran), JFE Chemical Corporation (Japan), Clariant (Switzerland), and Huntsman Corporation (US) are profiled in the report.
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