India Naphthalene Market: Size and Growth Forecast – 4.70% CAGR by 2029

By | July 11, 2024

According to TechSci Research report, “India Naphthalene MarketBy 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.

Market Overview

The Indian government has undertaken several significant initiatives to boost the production and utilization of naphthalene and its derivatives. A notable measure is the substantial support extended to Bengal Chemical & Pharmaceuticals Limited, a Government of India Enterprise known for manufacturing a diverse range of chemicals, including naphthalene balls. This support exemplifies the direct involvement of the government in fostering the production of naphthalene-based products.

Additionally, the Indian government has actively encouraged research and development in naphthalene synthesis. A noteworthy achievement is the successful synthesis of a novel porous polyaminal-linked polymer comprising naphthalene and melamine (PAN-NA) building blocks. These visionary initiatives pave the way for new naphthalene-based solutions, catalyzing market growth and expansion.

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Key Market Drivers

Government Initiatives

The Indian government’s proactive measures and support have significantly influenced the market’s growth. State governments, particularly in regions with a strong industrial base, have provided substantial backing to local manufacturers. This has not only boosted production but also encouraged innovation and research in naphthalene applications.

Research and Development

Active encouragement and support for research and development endeavors in the domain of naphthalene synthesis have led to groundbreaking innovations. The successful synthesis of novel materials, such as the porous polyaminal-linked polymer, highlights the potential for discovering and applying new naphthalene-based solutions, driving market growth.

Industrial Applications

Naphthalene, a white crystalline volatile solid known for its characteristic smell, is widely used in the production of phthalic anhydride. Phthalic anhydride is a key raw material in manufacturing dyes and pigments, which are vital in the textile industry. These dyes and pigments add vibrant colors to fibers, fabrics, and garments, contributing to the overall aesthetic appeal and visual impact of the end products.

Applications of Naphthalene

Textile Industry

Naphthalene’s applications in the textile industry extend beyond coloration. Naphthalene-based superplasticizers, also known as water reducers, are extensively used to enhance the strength and durability of concrete structures within manufacturing plants. By incorporating these superplasticizers, textile manufacturers ensure their production facilities maintain robust and long-lasting infrastructure to support operations.

Chemical Manufacturing

Naphthalene plays a crucial role in chemical manufacturing, particularly in producing phthalic anhydride. This compound is essential for synthesizing various dyes and pigments used in multiple industries, including textiles, automotive, and consumer goods. The demand for high-quality dyes and pigments drives the naphthalene market.

Construction Industry

In the construction industry, naphthalene-based superplasticizers improve concrete mixtures’ workability and strength. These additives are vital in creating durable and resilient structures, particularly in large-scale construction projects. The construction boom in India, driven by urbanization and infrastructure development, fuels the demand for naphthalene-based products.

Pharmaceutical Industry

Naphthalene derivatives are used in pharmaceutical formulations, particularly in synthesizing active pharmaceutical ingredients (APIs). The pharmaceutical industry’s growth, driven by increasing healthcare needs and advancements in medical research, contributes to the rising demand for naphthalene.

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Recent Trends in the Market

Focus on Sustainability

The trend towards sustainability is influencing the naphthalene market. Companies invest in greener production methods and sustainable sourcing of raw materials. This focus on environmental responsibility aligns with global and national regulations aimed at reducing carbon footprints and promoting sustainable industrial practices.

Technological Advancements

Technological advancements are transforming the naphthalene market. Innovations in production processes, improved efficiency, and the development of new applications are driving market growth. The integration of smart technologies, such as IoT and AI, in manufacturing and distribution processes is expected to enhance operational efficiency and product quality.

Market Segmentation

By Source

  1. Coal Tar
  2. Petroleum

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 naphthalene production but also contributes to India’s overall energy needs.

By Grade

  1. Technical Grade
  2. Special Grade
  3. Reagent Grade
  4. Scintillation Grade

By End User

  1. Textile
  2. Agriculture
  3. Building & Construction
  4. Chemical
  5. Plastic
  6. Pharmaceutical
  7. Others

By Region

  1. North India
  2. South India
  3. East India
  4. West India

Based on region, the 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 the region significantly contributes to its market dominance. 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.

Competitive Analysis

Major Companies Operating in the India Naphthalene Market

  1. AVH Pvt Ltd.
  2. Kedia Carbon Pvt. Ltd.
  3. Palriwal Industries Pvt Ltd.
  4. Steel Authority of India Ltd.
  5. Himadri Speciality Chemical Ltd.
  6. Waltzer India Pvt. Ltd.

These companies leverage technological advancements and strategic initiatives to maintain their competitive edge. They focus on enhancing production efficiency, expanding their product portfolio, and adhering to stringent safety and environmental standards.

Benefits of the Research Report

The TechSci Research report offers numerous benefits for stakeholders:

  1. Comprehensive Market Analysis: Detailed insights into market size, growth potential, and key trends.
  2. Future Growth Projections: Forecasts of market growth and potential opportunities from 2019 to 2029.
  3. In-Depth Competitor Analysis: Evaluation of major players and their market strategies.
  4. Technological Advancements: Analysis of technological trends driving market growth.
  5. Segmentation Insights: Detailed segmentation by source, grade, end user, and region.
  6. Regulatory Impact Assessment: Insights into regulatory factors affecting the market.
  7. Investment Opportunities: Identification of potential investment areas and emerging market trends.
  8. Market Dynamics: Comprehensive analysis of market drivers, restraints, and challenges.
  9. Strategic Recommendations: Actionable recommendations for market participants.
  10. Customization Options: Availability of report customization to meet specific business needs.

The India Naphthalene Market is poised for significant growth in the coming years. Government initiatives, technological advancements, and the increasing demand from various end-user industries are driving this growth. The market’s comprehensive utilization across multiple sectors, from textiles to pharmaceuticals, showcases its versatility and indispensability.

The proactive measures and support from the Indian government, coupled with ongoing research and development, are setting the stage for continued innovation and expansion in the naphthalene market. Stakeholders can leverage the insights and strategic recommendations provided in the TechSci Research report to navigate and capitalize on the opportunities in this dynamic market.

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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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