Naphthalene Derivatives Market Share

APAC Market Forecast

The Asia Pacific region is likely to dominate the naphthalene derivatives market over the projected timeframe and is estimated to have 35% market share. With the largest population in the world and a high concentration of garment sectors, APAC. The improvement in consumer purchasing power brought about by the economy's progress has increased per-capita consumption of goods, including textiles, which is fueling the expansion of the APAC textiles sector. In Asia Pacific region, consumer expenditure on apparel is anticipated to reach USD 756.84 billion in 2021, up 18% from the USD 647.26 billion spent in 2020.

European Market Statistics

The naphthalene derivatives market in Europe is anticipated to have a 25% revenue share during the forecasted year due to the significant presence of the medical and agrochemical industries in the area. Furthermore, it is projected that the market would expand as a result of the region's strict norms and restrictions regarding the use of naphthalene derivatives.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of naphthalene derivatives is evaluated at USD 18.4 Billion.

The naphthalene derivatives market size was valued at USD USD 16.28 Billion in 2023 and is set to cross USD 35.81 Billion by 2036, registering more than 6.5% CAGR during the forecast period i.e., between 2024-2036. The use of derivative in different industries such as construction, textiles, pharmaceuticals are the major factors driving the growth of the market.

Europe industry is anticipated to have a 25% revenue share by 2036, due to significant presence of the medical and agrochemical industries in the region.

Clariant AG, KOPPERS Inc., BASF SE, Arkema Group, Rutgers NV, Kao Corporation, Evonik Industries AG, King Industries, Inc., Carbon Tech Group, Huntsman Corporation, JFE Chemical Corporation, Kao Corporation, Nippon Paper Group, Sugai Chemical Industry Co., Ltd., Mitsui Chemicals, Inc.

Naphthalene Derivatives Market Share