According to TechSci Research report, “India Naphthalene Derivatives Market– By Region, Competition, Forecast and Opportunities, 2020-2030F”, the India Naphthalene Derivatives Market was reached reach USD 115.56 million by 2024 and is anticipated to project robust growth in the forecast period with a CAGR of 3.42% through 2030.
Initiatives taken by government based on naphthalene derivatives has led to favorable market conditions for the India Naphthalene Derivatives Market. Several factors contribute to the growth of various naphthalene derivatives products.
The Indian government has been consistently supportive of scientific research, recognizing the potential of studies involving naphthalene derivatives. One notable example is the active involvement of Indian researchers in the structure-based drug designing of naphthalene-based SARS-CoV PLpro inhibitors, a promising avenue for the treatment of COVID-19. This collaborative effort showcases the government’s commitment to fostering innovation and addressing the pressing healthcare needs of the nation.
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The government’s dedication to environmental sustainability is evident through the implementation of stringent regulations that directly affect the production and use of chemical compounds like naphthalene derivatives. In India, studies on the microbial degradation of naphthalene and substituted naphthalene have been conducted, driven by the need to comprehend the environmental impact of these substances and comply with the evolving regulatory framework. This comprehensive approach reflects the government’s proactive stance in safeguarding the environment while promoting scientific advancements.
The Indian government has been consistently supportive of scientific research, which in turn has had a positive impact on the naphthalene derivatives industry. By implementing policies and initiatives to actively encourage and promote research and development (R&D), the government is creating an environment that is highly conducive to fostering innovation and advancements in the chemical sector. This commitment to R&D not only stimulates growth and competitiveness within the industry but also paves the way for new discoveries and breakthroughs that can potentially revolutionize various applications and sectors reliant on naphthalene derivatives.
The India Naphthalene Derivatives Market is segmented into derivative, end user, regional distribution, and company.
Based on End User, the construction segment is projected to experience rapid growth during the forecast period. Naphthalene derivatives, particularly Sulphonated Naphthalene Formaldehyde (SNF), are extensively used as superplasticizers in the production of concrete and cement mixtures. They play a crucial role in enhancing the workability and strength of these mixtures, ultimately contributing to the overall durability and structural integrity of buildings. By dispersing cement particles more effectively and reducing water content, SNF superplasticizers optimize the flowability and cohesiveness of concrete, allowing for easier placement and compaction during construction. This improved workability not only facilitates the creation of intricate architectural designs but also enhances the bonding between different components, resulting in a more robust and long-lasting construction. Naphthalene derivatives are highly favored in the construction industry for their exceptional properties beyond their low volatility and odorless nature. Their unique molecular structure enables them to effectively reduce the amount of water required in concrete mixtures, leading to reduced shrinkage and increased resistance to cracking. Their compatibility with various cement types and admixtures makes them versatile and adaptable to different construction scenarios. This adaptability allows for greater flexibility in designing and constructing buildings that meet specific performance requirements, such as high-strength concrete for skyscrapers or self-compacting concrete for intricate architectural elements. The use of naphthalene derivatives in residential and commercial buildings not only ensures structural reliability but also enhances the overall quality and longevity of the constructed environment, providing a safe and comfortable space for occupants while minimizing maintenance and repair costs in the long run.
Based on region, In the India Naphthalene Derivatives Market, the South region is expected to be the second-fastest growing region after the West during the forecast period. This growth can be attributed to the region’s expanding industrial base, particularly in sectors such as textiles, construction, and agriculture, which are key end-users of naphthalene derivatives. The South region, home to several industrial hubs in states like Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, is witnessing increased demand for these derivatives due to their widespread application in the production of dyes, concrete admixtures, and pesticides. The rapid growth of the construction sector in the South region is a major driver, as naphthalene derivatives are extensively used in superplasticizers to enhance the quality of concrete. The thriving textile industry in states like Tamil Nadu contributes to the demand for naphthalene-based dyes and intermediates. The agricultural sector, which relies on pesticides made from naphthalene derivatives, further boosts regional demand. The South region’s well-established chemical manufacturing facilities and strong logistics infrastructure support the efficient production and distribution of naphthalene derivatives. Initiatives to improve industrial policies and attract investments in the chemical sector also bolster the market’s expansion in this region.
Major companies operating in India Naphthalene Derivatives Market are:
- BASF India Ltd.
- Sika India Pvt. Ltd.
- CICO Technologies Limited
- Choksey Chemicals Pvt. Ltd.
- Chembond Chemicals Limited
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“With India being one of the largest textile producers globally, the demand for naphthalene-based intermediates, such as naphthols and sulfonates, is rising steadily. These compounds are extensively used in the production of azo dyes, which are vital for coloring fabrics and achieving vibrant, long-lasting shades. The shift towards high-quality and durable dyes to meet both domestic and export market requirements is fueling the demand for naphthalene derivatives. The increasing preference for sustainable and eco-friendly textile processes is driving the adoption of advanced naphthalene-based products that comply with international environmental standards. The expanding textile hubs in regions like Tamil Nadu, Gujarat, and Maharashtra further amplify this demand, as manufacturers seek efficient and reliable intermediates to enhance their production capabilities. The government’s focus on boosting the textile sector through initiatives like Production Linked Incentive (PLI) schemes and export promotion policies is indirectly contributing to the growth of the naphthalene derivatives market. This trend highlights the critical role of naphthalene derivatives in supporting India’s textile industry, positioning them as essential components in the supply chain for high-performance and sustainable fabric production”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“India Naphthalene Derivatives Market By Derivative (Sulphonated Naphthalene Formaldehyde (SNF), Phthalic Anhydride, Alkyl Naphthalene Sulphonates Salts (ANS), Naphthalene Sulphonic Acid, Others), By End User (Textiles, Construction, Pharmaceutical, Paints & Coatings, Pulp & Paper, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Naphthalene Derivatives 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 Derivatives Market.
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