The adoption of concrete is increasing significantly owing to factors such as the rapid urbanization, an increasing number of construction projects, and new highway projects. Naphthalene is used as a superplasticizer to produce high-strength concrete. Thus, the increasing adoption of concrete is expected to increase the demand for naphthalene, thereby, fueling the market growth during the forecast period. Furthermore, this industry research report also presents a competitive analysis of the market by application (naphthalene sulfonates, phthalic anhydride, and others) and geography (APAC, Europe, MEA, North America, and South America).
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Technavio has released a new market research report on the global naphthalene market from 2019-2023 (Graphic: Business Wire)
Competitive vendor landscape
The global naphthalene market is highly competitive with major vendors such as Himadri Specialty Chemical Ltd, JFE Holdings, Inc., Koppers Inc., NIPPON STEEL SUMITOMO METAL CORPORATION., and Rain Industries Limited, competing based on price, quality, and market presence.
"Naphthalene is increasingly being used to manufacture chemical intermediates such as phthalic anhydride, alkylated naphthalene solvents, naphthalene sulfonates, and azo dyes. These intermediates are used to manufacture various drugs which are utilized in the prevention of microbial infections. Thus, the rising use of naphthalene for manufacturing intermediates is expected to fuel the growth of the market during the forecast period," says a senior analyst at Technavio
Top five naphthalene market vendors
Himadri Specialty Chemical Ltd
Himadri Specialty Chemical Ltd. is one of the leading manufacturers of carbon materials and chemicals such as carbon black, coal tar pitch, and naphthalene derivatives. The company offers various naphthalene derivatives such as technical-grade naphthalene flakes, special-grade naphthalene flakes, super refined naphthalene, and naphthalene mothballs.
JFE Holdings, Inc.
JFE Holdings, Inc. owns and operates businesses in three major segments, including steel, engineering, and trading. JFE Steel Corporation, one of the group companies of JFE Holdings, produces naphthalene. JFE Steel Corporation's subsidiary, JFE Chemical Corporation, produces 95% naphthalene, refined naphthalene, and phthalic anhydride.
Koppers Inc.
Koppers Inc. has its operations in various segments, including railroad and utility products and services; performance chemicals; and carbon materials and chemicals. The company produces creosote, carbon pitch, naphthalene, and phthalic anhydride. The company derives naphthalene from coal tar at production plants in North America, Europe, Australia, and China.
NIPPON STEEL SUMITOMO METAL CORPORATION.
NIPPON STEEL SUMITOMO METAL CORPORATION manufactures and distributes pitch coke, pitch, naphthalene, and phthalic anhydride. The company also operates in other segments such as new materials, system solutions, steelmaking and steel fabrication, and engineering and construction. C-Chem CO. Ltd, the company's subsidiary, produces 95% naphthalene and phthalic anhydride.
Rain Industries Limited
Rain Industries Limited is one of the most established manufacturers of naphthalene, benzene, carbolic oil, resins and modifiers, aromatic chemicals, superplasticizers, and other specialty products. Rain Carbon Inc., a subsidiary of the company, and RÜTGERS work together to produce naphthalene used for producing phthalic anhydride and PNS/PCE liquids.
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