India Naphthalene Market to Grow with a CAGR of 4.70% through 2029
Growing demand of naphthalene in textile industry is
expected to drive the India Naphthalene Market growth in the forecast period,
2025-2029
According to TechSci Research report, “India
Naphthalene Market- By Region, Competition, Forecast and Opportunities,
2019-2029”, the India Naphthalene Market, by volume, stood at 21.21 million tonnes in 2023 and is
anticipated to grow with a CAGR of 4.70% in the forecast period, 2024-2029. Initiatives
taken by government based on naphthalene has led to favorable market conditions
for the India Naphthalene Market. Several factors contribute to the growth of
various naphthalene products.
The Indian government has undertaken several
significant initiatives pertaining to the production and utilization of
naphthalene and its derivatives. One notable measure is the substantial support
extended by the state government to Bengal Chemical & Pharmaceuticals
Limited, a Government of India Enterprise renowned for manufacturing a diverse
range of chemicals, including naphthalene balls. This commendable initiative
exemplifies the direct involvement of the government in fostering the
production of naphthalene-based products.
Furthermore, the Indian government has actively
encouraged and supported research and development endeavors in the domain of
naphthalene synthesis. A noteworthy achievement in this regard is the
successful synthesis of a novel porous polyaminal-linked polymer comprising
naphthalene and melamine (PAN-NA) building blocks. These visionary initiatives
have the potential to pave the way for the discovery and application of new
naphthalene-based solutions, thereby catalyzing its market growth and
expansion.
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Naphthalene, a white crystalline volatile solid known
for its characteristic smell, is widely used in the production of phthalic
anhydride. Phthalic anhydride, a key raw material in the manufacturing of dyes
and pigments, plays a vital role in the textile industry. These dyes and
pigments are not only essential for adding vibrant colors to fibers, fabrics,
and garments, but they also contribute to the overall aesthetic appeal and
visual impact of the end products.
Moreover, the applications of naphthalene in the
textile industry extend beyond coloration. Naphthalene-based superplasticizers,
also known as water reducers, find extensive use in enhancing the strength and
durability of concrete structures within manufacturing plants. By incorporating
these superplasticizers, textile manufacturers ensure that their production
facilities maintain robust and long-lasting infrastructure to support their
operations.
This comprehensive utilization of naphthalene in the
textile industry showcases its versatility and indispensability in various
aspects of textile manufacturing. From enhancing color vibrancy to reinforcing
structural integrity, naphthalene continues to play a crucial role in driving
innovation and efficiency in the textile sector.
The India Naphthalene Market is segmented into source,
grade, end user, regional distribution, and company.
Based on its source, the coal tar segment held the
largest market share in the forecast period. India, with its vast reserves of
coal, boasts a significant source of raw material for naphthalene production.
Coal tar, a byproduct of coal processing, is readily available and
cost-effective in the country. This abundance of coal not only supports the production
of naphthalene but also contributes to the overall energy needs of India.
Furthermore, India's well-established coal tar
distillation facilities, strategically located in regions with coal mining and
processing operations, have been successfully producing naphthalene for many
years. These facilities play a crucial role in meeting the growing demand for
naphthalene-based products, ensuring a steady supply of this versatile and
widely used compound in various industries.
Based on region, West India segment is expected to
grow during the forecast period.
The presence of well-established manufacturing
facilities for naphthalene and naphthalene-based products in a region
significantly contributes to its dominance in the market. These facilities,
equipped with state-of-the-art technology and advanced production processes,
ensure efficient and high-quality output, making the region a preferred choice
for customers worldwide. Moreover, the expertise and experience gained from
years of successful production further strengthen the region's position as a
leader in the naphthalene industry.
Proximity to abundant and reliable sources of raw
materials for naphthalene production, such as coal tar or petroleum, plays a
crucial role in determining a region's competitiveness in the market. Having
easy access to these essential feedstock resources not only ensures a stable
supply but also reduces transportation costs and potential disruptions in the
supply chain. This strategic advantage allows the region to maintain a competitive
edge, attracting more investments and fostering long-term growth in the
naphthalene industry.
Major companies operating in India Naphthalene Market
are:
- AVH Pvt Ltd.
- Kedia Carbon Pvt. Ltd.
- Palriwal Industries Pvt Ltd.
- Steel Authority of India Ltd.
- Himadri Speciality Chemical Ltd.
- Waltzer India Pvt. Ltd.
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“Growing application of naphthalene in various end
user industries are key drivers of the naphthalene market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of naphthalene with every
passing year are anticipated to register an impressive growth to India
Naphthalene Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“India Naphthalene Market By Source
(Coal Tar, Petroleum), By
Grade (Technical Grade, Special Grade, Reagent Grade,
Scintillation Grade), By End User (Textile, Agriculture, Building & Construction,
Chemical, Plastic, Pharmaceutical, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated
the future growth potential of India Naphthalene Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Naphthalene Market.
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