What Has Been the Growth of the Naphthalene Sulfonate Market So Far?
The naphthalene sulfonate market has seen considerable growth due to a variety of factors.
• The naphthalene sulfonate market has experienced robust growth in recent years. It will grow from $0.91 billion in 2024 to $0.98 billion in 2025, at a CAGR of 7.2%.
The growth is driven by the expansion of the construction industry, urbanization, the growth of the textile industry, rising demand for household cleaning products, and the use of naphthalene sulfonate in concrete admixtures.
What Is the Forecasted Market Size and Growth Rate for The Naphthalene Sulfonate Market Size In The Coming Years?
The naphthalene sulfonate market is expected to maintain its strong growth trajectory in upcoming years.
• The naphthalene sulfonate market is projected to grow to $1.28 billion by 2029 at a CAGR of 6.9%.
This growth is due to rising demand for dispersants, increasing use of pesticides and plasticizers, and growing applications in personal care and industrial detergents. Trends include the development of household cleaning products, more efficient production processes, eco-friendly products, and synthetic detergent innovations.
What Factors Are Driving Growth In The Naphthalene Sulfonate Market?
The expanding building and construction industry is expected to drive the growth of the naphthalene sulfonate market. The construction industry is thriving due to population growth, urbanization, and infrastructure development. Naphthalene sulfonate is used as a superplasticizer in concrete, improving its strength and workability. In June 2023, the Northern Ireland Statistics and Research Agency reported a 6.5% increase in the overall construction industry, with significant growth in the housing and infrastructure sectors. This expanding construction activity is contributing to the demand for naphthalene sulfonate.
What Are The Main Segments Of The Global Naphthalene Sulfonate Market?
The naphthalene sulfonate market covered in this report is segmented –
1) By Product Type: Naphthalene Sulfonic Acid, Sodium Naphthalene Sulfonate, Calcium Naphthalene Sulfonate, Other Product Types
2) By Form: Liquid, Powder
3) By Application: Dispersant Agent, Concrete Admixture, Dye Intermediate, Wetting Agent, Emulsifier, Other Applications
4) By End-Use Industry: Construction, Textile, Agrochemicals, Ceramics, Plastics, Other End-User Industries
Subsegments:
1) By Naphthalene Sulfonic Acid: Liquid Naphthalene Sulfonic Acid, Solid Naphthalene Sulfonic Acid
2) By Sodium Naphthalene Sulfonate: Sodium Naphthalene Sulfonate Powder, Sodium Naphthalene Sulfonate Solution
3) By Calcium Naphthalene Sulfonate: Calcium Naphthalene Sulfonate Powder, Calcium Naphthalene Sulfonate Granules
4) By Other Product Types: Potassium Naphthalene Sulfonate, Ammonium Naphthalene Sulfonate
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What New Trends Are Influencing The Naphthalene Sulfonate Market?
Leading businesses in the naphthalene sulfonate market are concentrating on the creation of innovative solutions, such as architectural powder coating, to bolster their market position and achieve competitive advantage. This finishing technique, where a dry powder is applied and cured, boosts the effectiveness and longevity of concrete structures by improving the naphthalene sulfonate-based products' performance and compatibility with concrete applications. For example, in November 2023, Akzo Nobel N.V., a specialty chemical business based in the Netherlands, introduced Interpon D1036 Low-E, a low-energy powder coating that cures at temperatures as low as 150 °C, dramatically reducing energy consumption. Being fortified with naphthalene sulfonate, it lowers usage by up to 20% when compared to standard coatings, and it excludes TGIC to offer a more environmentally friendly option.
Who Are the Key Players In The Naphthalene Sulfonate Market?
Major companies operating in the naphthalene sulfonate market are:
• BASF SE
• Thermo Fisher Scientific
• Solvay S.A.
• Mitsui Chemicals Inc
• Kao Corporation
• Akzo Nobel N.V.
• Sika AG
• Nouryon
• GCP Applied Technologies Inc
• Himadri Specialty Chemical Ltd
• Mapei S.p.A.
• GEO Specialty Chemicals
• Nease Co. LLC
• TCI Chemicals (India) Pvt. Ltd.
• Bisley & Company
• MUHU Construction Materials Company Limited
• Alpha Chemical Corp
• Hubei Aging Chemical Co. Ltd.
• Shandong Wanshan Chemical Co. Ltd.
• Vizag chemical
• Yahska Polymer Pvt. Ltd.
What Is The Most Dominant Region In The Naphthalene Sulfonate Market?
Asia-Pacific was the largest region in the naphthalene sulfonate market in 2023. The regions covered in the naphthalene sulfonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
