Naphthalene Market Analysis, Key Player, Business Opportunities, Current Trends and Forecast by 2030

Chemanalyst03 Mar, 2023News

According to ChemAnalyst report, ?Global Naphthalene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030?, global naphthalene market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 3.35% during the forecast period. Growing consumption of naphthalene sulfonate formaldehyde in construction coupled with the growth of other application areas including phthalic anhydride, low volatility solvents etc. is expected to drive the demand of naphthalene during the forecast period. Additionally, the use of naphthalene derivatives in textile dyeing is also going to push the demand of naphthalene during the forecast period. Various government regulations regarding the volatile organic compound (VOC) emissions are expected to hamper the demand growth during the forecast period.