The global naphthalene market is projected to grow steadily, driven by increasing demand across various industries. In 2023, the market was valued at USD 1,588.1 million and is anticipated to expand at a CAGR of 3.0% from 2024 to 2030.
One significant driver of this growth is the construction industry's growing reliance on naphthalene-based plasticizers, particularly naphthalene sulfonate formaldehyde, which is used in concrete admixtures to enhance workability and durability.
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Additionally, the demand for products containing naphthalene, such as mothballs, surfactants, and pesticides, is on the rise. Naphthalene's unique property of directly converting from a solid to a gas at room temperature makes it an effective moth repellent, safeguarding clothing and fabrics. This increasing demand for mothballs and other naphthalene-based products contributes to the overall market expansion.
Naphthalene is primarily derived from coal tar and petroleum. In the coal-tar processing method, naphthalene is obtained as a by-product during the carbonization of coal. Coal tar is heated in the absence of air, yielding coke, coal gas, and coal tar. Subsequent distillation of coal tar results in various fractions, including naphthalene. The crude naphthalene is further purified through processes like crystallization, distillation, or sublimation to eliminate impurities.
Source Segmentation Insights
Based on the source, the coal tar segment dominated the market in 2023, accounting for 62.80% of the total revenue. This significant market share is primarily driven by the rising demand for coal tar naphthalene in the textile industry. Coal tar naphthalene is a crucial ingredient in the production of dyes and pigments, which are essential for coloring fabrics.
Furthermore, the increasing utilization of coal tar naphthalene as a solvent in various industrial processes and its role in manufacturing asphalt additives are additional factors contributing to the growth of this segment.
Petroleum-based naphthalene, another key component, is extensively used in the production of mothballs and certain types of resins and dyes. The growing demand for mothballs, which safeguard clothing and other fabrics from insect damage, is a major factor driving the market's expansion. Moreover, the widespread use of naphthalene in the production of resins and dyes, which find applications in industries like textiles and plastics, further propels market growth.
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