Naphthalene Sulfonate: Rising Demand in Building & Construction Industry will Boost the Global Market Growth

Pune, India, Aug 24, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Global Naphthalene Sulfonate Market.

Market Highlights:

Naphthalene sulfonate are the subsidiary of sulfonic acid that contain a naphthalene functional unit. These are available in liquid as well as powder form. It enhances flow properties and permits the fast mixing of the concrete. It also offers high resistance to concrete by improving various rheological properties such as compressive, modulus elasticity, and flexural strength. It is used as a surfactant, dispersant & wetting agent, and plasticizer in numerous end use industries such as agriculture, textile, household cleaning, building & construction among others.

Speedy growth of construction sector is predicted to drive the market for naphthalene sulfonate during the forecast period. Rising disposable income, constant urbanization, and improving living standards are expected to remain key driving factors naphthalene sulfonate demand over the next few years. Robust investment in the ongoing R&D projects by the manufacturers and strong acceptance within the end use industries is set to positively influence naphthalene sulfonate demand. However, level of toxicity associated with the use of naphthalene sulfonate and fluctuations in oil prices might prove to be the restraints for the market growth in the near future.

Competitive Analysis:

The major players operating in the naphthalene sulfonate market include BASF SE (Germany), GCP Applied Technologies Inc. (U.S), Huntsman International LLC (U.S), Himadri Speciality Chemical Ltd (India), AkzoNobel NV (Netherlands), Giovanni Bozzetto S.p.A (Italy), Koppers Inc. (U.S.) and others.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.

Market Segmentation:

Naphthalene sulfonate market is segmented on the basis of form, application, and end use industry. On the basis of form, the market is bifurcated into liquid and powder. The powdered form of naphthalene sulfonate holds the dominant position over the liquid form owing to its ease of packaging and transportation in comparison to the liquid form. On the basis of application, naphthalene sulfonate market is segmented into dispersant & wetting agent, plasticizer, surfactant, and others. Based on end use industries, the market is segmented into agriculture, building & construction, household cleaning, textile and others. Building & Construction emerged as the largest end use industry for naphthalene sulfonate among others as it is used as a plasticizer for concrete admixture, fluidizer for ready mixed concrete, super-plasticizer for cement mortar, water reducing agent for gypsum board, under water concrete. These are used in the manufacturing of pigment and dyes and are prominently used in textile industry. They are furthers utilized as an anti-caking agent for fertilizer and wetting agent in the formulation of agrochemicals. Apart from this, gradually rising demand from the household cleaning industry, is also helping driving revenues in the global naphthalene sulfonate market.

Regional Analysis:

Asia Pacific is projected to be the largest market for naphthalene sulfonate followed by North America and Europe on account of increasing demand from building & construction, agriculture, and household cleaning among others. Emerging countries such as China, India, and Malaysia are the fastest growing market for naphthalene sulfonate, and is predicted to grow with the same pace in the near future. Ease in the availability of raw material, increasing economic growth rate, and competitive production costs are also the important factors further improving the growth of naphthalene sulfonate market in the Asia Pacific region. North America naphthalene sulfonate market is expected to witness a steady growth with U.S. and Canada being major contributor due to textile and household cleaning industry expansion. Europe is anticipated to witness a substantial growth over the forecast period due to growing demand for plasticizer in construction sector.

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