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Beta napthol, which is also commonly known, as 2-napthol is a colorless, fluorescent, crystalline solid compound. Beta napthol is soluble in a range of solvents including, diethyl ether, chloroform, benzene, short alcohols and acetone. However, it is scarcely soluble in water. Chemical properties of beta napthol are comparable to phenol, and it also extrudes a mildly phenolic odor. Beta napthol has a lot of industrial applications, where manufacturing of dyes and pigments are of foremost importance. Beta napthol is also used to manufacture fragrances and as an intermediate chemical for the production of compounds such as 2-hydroxynaphthalene-3-carbonic acid, 2-phenylnaphthylamine and 2-naphthylamine. Beta napthol is also widely used to manufacture 1,1’- binapthol (binol), which is extensively used in asymmetric synthesis of reductions, epoxidations and rearrangements.

Beta napthol is produced in high volume and the market has exhibited steady growth over the years owing to the rise in demand from end use industries. The main application of beta napthol is in the manufacturing of azo dyes, pigments, tanning agents, antiseptics, antioxidants and fluorescent whiteners. The lion’s share of the demand for beta napthol is derived from pigment and dye manufacturing industries where it is used as an intermediate chemical. Azo dyes are extensively used in textile dyeing. The pigments manufactured from beta napthol find high demand from the pharmaceutical manufacturing application. High demand growth from the end use industries augments the market for beta napthol on a global level. Beta napthols application as a precursor chemical for the manufacturing of binol, is another important driver for the market. Binols and its derivatives are one of the most widely used classes of ligands in molecular rearrangements, asymmetric synthesis and epoxidations. Demand for beta napthol from this application constitute considerable market share.

However, the global market for beta napthol is restrained by low production compared to market demand. The demand supply gap has caused the prices to shoot up in the recent times. Moreover, the global market is largely dependent of suppliers from Asia Pacific region, which make it vulnerable to price fluctuations and supply chain uncertainty. Beta napthol also posess environmental concerns and proper precautionary measures are required for the production plants.

Beta napthol has good future prospects as acceptance and demand for the material has exhibited significant rise over the past decade. Beta napthol’s use as an antiseptic is niche at present, and hold good future promise. Application of beta napthol in the manufacturing f fragrances is another important opportunity for the market. The growing rubber industry is also expected to account for considerable demand for beta naphol as it exhibits good capability as antioxidant for rubber and turpentine.

Asia Pacific accounts for the highest demand for beta napthol, followed by North America and Europe. Asia Pacific region is also estimated to grow at the fastest pace in the near future owing to the presence of several manufacturing economies with a range of product manufacturing capability. China is by far the largest manufacturer and exporter of beta napthol in the world. However, the production capacity in China depleted considerably owing to the closure of two of its largest manufacturing capacities in the recent past. This development in China has led to inflated price of beta napthol.

Some of the major companies involved in the beta napthol market are JSC Volzhsky Orgsynthese, Sun Chemical and China Overseas Science & Trade Co., Ltd among many others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Beta Napthol Market

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