Naphthalene Derivatives Market Scope and Growth by 2031
Naphthalene Derivatives Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 3.83 Billion |
Market Size by 2031 | US$ 5.04 Billion |
Global CAGR (2023 - 2031) | 3.5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Form
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Naphthalene Derivatives Market News and Recent Developments
The naphthalene derivatives market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the naphthalene derivatives market are listed below:
- BASF has signed a Memorandum of Understanding (MoU) with UPC Technology Corporation (UPC), marking a significant step in their longstanding collaboration. This strategic partnership aims to foster long-term regional cooperation for the supply of plasticizer alcohols and catalysts for phthalic anhydride (PA) and maleic anhydride (MA) production processes. (Source: BASF SE, Press Release, August 2024)
- KLJ Group, a leading player in the chemical/plasticizers industry, invested INR 1,200 crore (US$ 145 million) and commissioned a plasticizers and phthalic anhydride production facility (BIS certified) at the GIDC Jhagadia Industrial Estate, Bharuch, Gujarat. This integrated manufacturing facility represents a significant milestone in KLJ Group's commitment to expanding its product portfolio and meeting the growing demands of the market. The facility has a production capacity of 300,000 MT of phthalate plasticizers, 100,000 MT of phthalic anhydride, 3,500 MT of maleic anhydride, and 700 MT of benzoic acid annually. (Source: KLJ Group, Press Release, June 2023)
Naphthalene Derivatives Market Report Coverage and Deliverables
The "Naphthalene Derivatives Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Naphthalene derivatives market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Naphthalene derivatives market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Naphthalene derivatives market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the naphthalene derivatives market
- Detailed company profiles