Global Naphthalene Sulfonate Market Information- by Form (Liquid and Powder), by Application (Dispersant & Wetting Agent, Plasticizer, Surfactant, and others), by End Use Industry (Agriculture, Building & Construction, Household Cleaning, Textile and others) and by Region- Forecast till 2023

Pune, India -- (SBWire) -- 03/30/2018 --Asia Pacific is predicted to dominate the market during the forecast period due to increasing consumption of Naphthalene Sulfonate in end use industries such as agriculture, building & construction, household cleaning, textile and others. Asia Pacific will continue to see significant growth in demand driven by increasing construction activities in countries such as India, China, Malaysia, Vietnam, and Bangladesh. Increasing population coupled with increasing consumption of household cleaners such as bathroom cleaner and detergent is expected to drive market growth over the forecast period. Additionally, major players operating in the market has increased investment in emerging economies due to low setting up production plant cost and easy availability of raw materials. Furthermore, availability of cheap labor, favorable weather condition, and governmental support to the farmers are some other factors driving the Naphthalene Sulfonate Market.

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Asia Pacific holds the largest market for Naphthalene Sulfonate followed by North America and Europe. North America is anticipated to witness significant growth in the use of naphthalene sulfonate owing to the increasing R&D activities and innovations in textile business. Moreover, more consumers looking for the "Made in the USA" label in textile goods which in turn fuel the market growth. U.S and Canada are among the major contributors in the regional growth and is expected to dominate in region in next few years. Furthermore, North America and Europe are anticipated to account for a combined market share of around 38% due to concentration of large number of textile and agrochemical companies in these regions. European countries such as Italy, France, Germany, and Spain dominated the region in 2016. However, countries in East Europe such as Romania, Bulgaria, Poland, and Hungary are expected to witness a significant growth due to rising investment in the agricultural sector and better water preservation techniques. These factors will contribute in rising agricultural activities in this region, consequently will boost up the demand of Naphthalene Sulfonate based agrochemicals. Furthermore, increasing working professionals coupled with rising disposable income are encouraging consumers to follow latest fashion trends, thus increasing the consumption of textile fabrics which in turn drive the market growth. Apart from this, amid rising construction and textile industry in Middle East & Africa and Latin America, the regions are also predicted to account for significant growth in consumption of Naphthalene Sulfonate in the next few years.

Segmentation

Global Naphthalene Sulfonate Market has been segmented on the basis of form, application, end use industries and region. On the basis of form, the market is segmented into liquid and powder. Based on application, market is segmented into dispersant & wetting agent, plasticizer, surfactant, and others. Based on the end use industry, the market is categorized into agriculture, building & construction, household cleaning, textile and others. On the basis of region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.

Key Players

BASF SE (Germany)
GCP Applied Technologies Inc. (U.S)
Huntsman International LLC (U.S)
Himadri Speciality Chemical Ltd (India)

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