Sodium Naphthalene Sulphonate Formaldehyde Market Analysis

Global Sodium Naphthalene Sulphonate Formaldehyde Market Overview

Sodium naphthalene sulphonate formaldehyde market size was valued at USD 2.62 Billion in 2023. The sodium naphthalene sulphonate formaldehyde industry is projected to grow from USD 2.75 Billion in 2024 to USD 3.84 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.27% during the forecast period (2024 - 2032). The increase in the construction industry, the growth of the development in the population and urbanization, and an increase in the research and development of sodium naphthalene sulphonate formaldehyde are the key market drivers enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Sodium Naphthalene Sulphonate Formaldehyde Market Trends

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  Wide-scale applications of naphthalene derivatives are driving the market growth

  
  

Market CAGR for sodium naphthalene sulphonate formaldehyde is being driven by the growing applications of naphthalene derivatives. Naphthalene derivatives are used in various end-use industries such as building & construction, textiles, detergent, agrochemicals, paints & coating, pulp & paper, oil & gas, rubber synthesis, pharmaceuticals, and leather tanning. The building & construction industry is increasing rapidly in emerging countries globally, which will play a major role in delivering growth opportunities to the naphthalene derivatives. Naphthalene derivatives are extensively utilized in agrochemical industries as insecticides and pesticides. 1-naphthyl-N-methylcarbamate (carbaryl) is one of the prominent insecticides utilized in the agricultural industry. Naphthalene acetic acid is used as a growth regulator in plants, enhancing the yield of cereals.

Moreover, sodium naphthalene sulphonate formaldehyde is a wetting agent that effectively disperses colloidal systems in aqueous media. The major commercial applications of sodium naphthalene sulphonate formaldehyde are in the textiles industry, which uses sodium naphthalene sulphonate formaldehyde's wetting and defoaming properties for bleaching and dying operations. The amino naphthalene sulfonic acids, replaced with amines and sulfonic acids, are intermediates to prepare many synthetic dyes. Naphthalene sulfonic acids synthesize 1-naphthol and 2-naphthol, the precursors for various pigments, rubber processing chemicals, dyestuffs, and other chemical products. In Croatia, naphthalene sulfonic acids derived from a natural mineral oil after distillation is utilized to treat skin diseases, including eczema. Therefore, the growing use of naphthalene derivatives in various end-use industries will create high growth opportunities for the market.

Additionally, sulfonated naphthalene formaldehyde enables fast mixing of concrete by improving flow properties. It is a non-hazardous and environment-friendly product. Sulphonated naphthalene formaldehyde is known as a second-generation superplasticizer, a versatile product for formulation and compatible with admixtures. It improves the rheological properties of concrete, such as flexural strength, modulus of elasticity, and compressibility, and is used as a dispersing agent. The relative cost of sulfonated naphthalene formaldehyde is low, and it supports the use of fly ash, silica, and slag as cementitious supplementary, making it the most widely used superplasticizer in India as well internationally.

The stringent environmental regulatory norms regarding emissions reduction are attributed to play a crucial role in driving the adoption of alkylated naphthalene. Alkylated naphthalene is considered a more environmentally friendly alternative than traditional lubricant additives. This is due to the low toxicity and biodegradability, making it a preferred choice over conventional additives with potentially low health and environmental impacts. Furthermore, the rapid urbanization and industrialization in emerging economies have increased the demand for lubricants and related products, driving the sodium naphthalene sulphonate formaldehyde market revenue.

Sodium Naphthalene Sulphonate Formaldehyde Market Segment Insights

Sodium Naphthalene Sulphonate Formaldehyde Form Insights

The sodium naphthalene sulphonate formaldehyde market segmentation, based on form, includes liquid and powder. The powder segment dominated the market, accounting for 35% of market revenue (0.92 Billion). In developing economies, category growth is driven by the easy availability of powdered forms of naphthalene derivatives at room temperature and their suitable transportation and packaging. However, the liquid is the fastest-growing category because the growing demand for liquid form naphthalene derivatives has been stimulated owing to the growth in the textile industry and increasing construction activities.

Figure 1: Sodium Naphthalene Sulphonate Formaldehyde Market, by Form, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Sodium Naphthalene Sulphonate Formaldehyde Application Insights

The sodium naphthalene sulphonate formaldehyde market segmentation, based on application, includes water reducer, wetting agent, dying, dispersing agent, oil rigging, and others. The water reducer category generated the most income (70.4%) due to the increase in the concrete business, and government regulations are driving the growth of this market. However, the wetting agent is the fastest-growing category as it helps reduce the surface tension of the water to allow it to spread drops onto a surface, thus increasing the spreading abilities of a liquid.

Sodium Naphthalene Sulphonate Formaldehyde End-User Insights

The sodium naphthalene sulphonate formaldehyde market segmentation, based on end-user, includes agriculture, plastics & rubber, construction, paper, textile, oil, and others. The construction category generated the most income due to the rise in utilization in the construction industry. However, textile is the fastest-growing category due to the growing utilization of sodium naphthalene sulphonate formaldehyde in textile sectors.

Sodium Naphthalene Sulphonate Formaldehyde Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American sodium naphthalene sulphonate formaldehyde market will dominate due to the construction industry's rise in utilization. Furthermore, the increase in the need for agriculture, construction, plastic, and other industries will boost market growth in this region. Further, the US sodium naphthalene sulphonate formaldehyde market held the largest market share, and the Canadian sodium naphthalene sulphonate formaldehyde market was the fastest-growing market in the North American region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SODIUM NAPHTHALENE SULPHONATE FORMALDEHYDE MARKET SHARE BY REGION 2022 (USD Billion) Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's sodium naphthalene sulphonate formaldehyde market accounts for the second-largest market share due to the growing focus of governments on sustainable development. The governments in the region are actively focusing on reducing carbon emissions. Further, the German sodium naphthalene sulphonate formaldehyde market held the largest market share, and the UK sodium naphthalene sulphonate formaldehyde market was the fastest-growing market in the European region.

The Asia-Pacific sodium naphthalene sulphonate formaldehyde market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the growing construction and agriculture industries of Asian countries like China and India. Moreover, China’s sodium naphthalene sulphonate formaldehyde market held the largest market share, and the Indian sodium naphthalene sulphonate formaldehyde market was the fastest-growing market in the Asia-Pacific region.

Sodium Naphthalene Sulphonate Formaldehyde Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the sodium naphthalene sulphonate formaldehyde market grow even more. Market participants are also undertaking numerous strategic activities to enhance their footprint, with important market developments including contractual agreements, new product launches, higher investments, mergers and acquisitions, and collaboration with other enterprises. To expand and survive in a more competitive and rising market climate, the sodium naphthalene sulphonate formaldehyde industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the sodium naphthalene sulphonate formaldehyde industry to benefit clients and increase the market sector. Major players in the Sodium Naphthalene Sulphonate Formaldehyde market, including SHANDONG WANSHAN CHEMICAL CO., LTD. (China), Wuhan Xinyingda Chemicals Co., Ltd (China), Huntsman International LLC. (US), MUHU Construction Materials Co., Ltd (China) and others are attempting to increase market demand by investing in research and development operations.

Sulzer Chemtech Ltd is a leading provider of separation, mixing, and application technology solutions for the chemical, petrochemical, pharmaceutical, and food industries. The company is a subsidiary of Sulzer Ltd, a Swiss industrial engineering and manufacturing firm. In November 2022, Sulzer Chemtech Ltd. will provide process engineering and essential equipment to the Dong-Suh company in Indonesia for the growth of the naphthalene downstream industry. With the installation of a cutting-edge separation unit at the Dong-Suh plant in Serang, Indonesia, it will be easier to make pure naphthalene.

Epsilon Carbon is a leading Indian manufacturer and supplier of carbon products and solutions. The company produces high-quality carbon black, coal tar pitch, and specialty carbon products. Epsilon Carbon is committed to providing sustainable and innovative carbon solutions to various industries, including rubber, plastics, coatings, construction, and automotive. In September 2022, Epsilon Carbon will increase its carbon black production capacity from 115,000 tons to 215,000 tons annually, with a new investment of approximately USD 71 million in Karnataka. Naphthalene from black carbon feedstock can make phthalic anhydrides, pesticides, and concrete plasticizers.

Key Companies in the Sodium Naphthalene Sulphonate Formaldehyde market include

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  SHANDONG WANSHAN CHEMICAL CO., LTD. (China)

  
  


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  Wuhan Xinyingda Chemicals Co., Ltd (China)

  
  


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  Huntsman International LLC. (US)

  
  


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  MUHU Construction Materials Co., Ltd (China)

  
  


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  CHEMSONS INDUSTRIAL CORPORATION (India)

  
  


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  Sure Chemical Co., Ltd. Shijiazhuang (China)

  
  


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  Kao Corporation (Taiwan)

  
  


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  Kashyap Industries (India)

  
  


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  Viswaat Chemicals Limited (India)

  
  

Sodium Naphthalene Sulphonate Formaldehyde Industry Developments

In 2022, Agrosyn announced the launch of its new line of SNF products for the construction industry. The products are designed to improve the performance of concrete and other building materials.

Sodium Naphthalene Sulphonate Formaldehyde Market Segmentation

Sodium Naphthalene Sulphonate Formaldehyde Form Outlook

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  Liquid

  
  


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  Powder

  
  

Sodium Naphthalene Sulphonate Formaldehyde Application Outlook

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  Water Reducer

  
  


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  Wetting Agent

  
  


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  Dying

  
  


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  Dispersing Agent

  
  


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  Oil Rigging

  
  


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  Others

  
  

Sodium Naphthalene Sulphonate Formaldehyde End-User Outlook

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  Agriculture

  
  


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  Plastics & Rubber

  
  


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  Paper

  
  


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  Construction

  
  


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  Textile

  
  


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  Oil

  
  


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  Others

  
  

Sodium Naphthalene Sulphonate Formaldehyde Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  

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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

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  Rest of the World

  
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America