Naphthalene Market to see good times ahead

(AmericaNewsHour via Comtex)

Product exists in solid and liquid forms. Several types of C10H8 available in the Naphthalene Market include naphthalene sulfonic acid, alkyl naphthalene sulfonate salts, naphthalene-formaldehyde condensates and naphthols.  Naphthalene sulfonate holds the largest market share due to its wide usage in construction industry.

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The product is used in different end-use industries named construction, paper & pulp, paints & coatings, agrochemicals, pharmaceuticals, leather tanning, rubber synthesis, textiles and detergents.

Asia-Pacific region, led by India naphthalene market is the largest potential market for the product. major factors responsible for growth of product in this region include rising construction activities, investments from foreign countries and living standards.

North America and Europe will experience a moderate growth rate owing to strict rules and regulations in the region. Middle East & Africa and Latin America will register a sluggish growth rate in naphthalene market during the forecast time frame due to presence of less end user industries in regions.

The naphthalene market is consolidated with many companies manufacturing worldwide. The key market players for the product market include RUTGERS GROUP, BASF SE, Industrial Quimica del Nalon, Evonik Industries, PCC Rokita, Merck Group, Iwaki Seiyaku, Daikaffil Chemicals India, RUTGERS Belgium., Apin Chemicals, Arkema, Huntsman International, GIOVANNI BOZZETTO, AVH chemicals, SAIL, Koppers, King Industries, Cromogenia-Units, Kao Corporation and Clariant.

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Recently companies have adopted several strategies to capture naphthalene market which include expansion, investments, merger and acquisitions. In July 2014, Koppers Inc decided to relocate C10H8 production plant to consolidate its tar distillation operation which will increase the production of camphor to meet the needs of the end user segment. The company is a global producer of treated wood products and carbon compounds. The products of company are traded under the symbol KOP.

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