The growing modernization and urbanization of the customers is encouraging them to opt for variety of fabrics to follow the latest fashion trends, which is driving the textile market in various developing regions.
New York, NY -- (SBWIRE) -- 03/10/2017 -- Naphthalene derivatives are of diverse importance as intermediate for pharmaceutical, agriculture, photographic, construction, textile chemicals, rubber, and tanning. Naphthalene derivatives in powered form is widely used and contributes largest market share in global naphthalene derivatives market on the basis of form. Packaging, organisation and shipment of powered form is easier as compared to the liquid form of naphthalene derivatives. This is one of the important factor for the wide use of powered form over liquid form naphthalene derivatives.
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Naphthalene Derivatives Market: Drivers and Restraints
The growing modernization and urbanization of the customers is encouraging them to opt for variety of fabrics to follow the latest fashion trends, which is driving the textile market in various developing regions. This demand for textile sector is driving the naphthalene derivatives market. Increasing production facilities, strong industrial base in the textile and construction applications, growth in the investments made by foreign companies, and the rise in standard of living are some the major factors contributing to the growth of global naphthalene derivatives market. The evolution in the textile industries which uses the naphthalene derivatives such as naphthols and naphthalene sulfonic acid as a precursors for the manufacturing of pigments and dyes, are driving the naphthalene derivatives market. Super plasticizers in concrete admixtures used in construction industry is driving the demand for naphthalene-formaldehyde condensates. Construction industry is presently one of the largest application segment in global naphthalene derivatives market. Naphthalene-formaldehyde condensates and naphthalene sulfonic acid are some the largest type of naphthalene derivatives in the global naphthalene derivatives market.
Naphthalene Derivatives Market: Region Wise Outlook
The global Naphthalene Derivatives Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ and Japan together leads the global Naphthalene Derivatives Market in terms of demand, followed by North America and Western Europe. China accounts for the major share in APEJ naphthalene derivatives as it has the largest textile and construction industries which uses naphthalene derivatives on large scale. The growin construction sector in APEJ region, increasing research and development activities by market leaders also the availability of raw material are some of the important factors driving the naphthalene derivatives market in APEJ region.
Naphthalene Derivatives Market: Key Players
Evonik Industries AG.
Giovanni Bozzetto S.P.A.
Huntsman International LLC.
King Industries, Inc.
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