Naphthalene Sulfonate Market
Naphthalene Sulfonate Market (Form - Liquid, Powder; End use Industry - Building and Construction, Agriculture, Household Cleaning, Textile; Application - Dispersant and Wetting Agent, Surfactant, Plasticizer) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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Naphthalene Sulfonate Market – Snapshot
Naphthalene sulfonate is a derivative of sulfonic acid with naphthalene. It is one of the widely used chemicals for dispersant applications across the globe. Naphthalene sulfonate offers a favorable cost-to-performance ratio, as it provides faster setting time when mixed with concrete. It is also used as a surfactant in household cleaners.
Building & Construction Industry to Drive Naphthalene Sulfonate Market
The global naphthalene sulfonate market is anticipated to expand at a rapid pace during the forecast period driven by various factors such as increase in demand from building & construction and agriculture industries. Naphthalene sulfonate is used as a concrete additive in the building & construction industry, as it enhances the overall performance of concrete admixtures. Concrete admixtures that contain naphthalene sulfonate possess superior flow and quick curing time. Rapid urbanization in developing countries such as China and India is anticipated to boost the demand for concrete in these countries. This, in turn, is projected to drive the naphthalene sulfonate market during the forecast period.
Naphthalene sulfonate also plays a vital role in the agriculture industry, as it is used as a primary dispersing agent. It helps active ingredients dissolve in agricultural chemicals. This enables chemicals to spread, thereby resulting in better performance. Rise in population is expected to propel the agriculture industry in Asia Pacific, thus fueling the demand for agricultural chemicals. This, in turn, is anticipated to drive the naphthalene sulfonate market in the region during the forecast period.
Availability of substitutes is expected to hamper the naphthalene sulfonate market during the forecast period. Several substitutes are available for naphthalene sulfonate. Major substitutes include melamine-formaldehyde condensates and polycarboxylate superplasticizer. Melamine-formaldehyde condensates offer superior performance as compared to naphthalene sulfonate. Melamine-formaldehyde condensates are available in large quantities. These chemicals offer good cost-to-performance ratio; therefore, these are highly preferred substitutes for naphthalene sulfonate. However, several concrete manufacturers are shifting toward polycarboxylate superplasticizer, which provides better performance than naphthalene sulfonate. It is slightly expensive than naphthalene sulfonate; however, it has better cost-to-performance ratio than naphthalene sulfonate-based superplasticizers. Hence, increase in competition from these substitutes is anticipated to hinder the global naphthalene sulfonate market in the near future.
Leading Players Focusing on Geographical Expansion
Key players profiled in the naphthalene sulfonate market include Enaspol a.s., GCP Applied Technologies Inc., Kao Corporation, Giovanni Bozzetto S.p.A, Himadri Speciality Chemical Limited, Huntsman Corporation, Koppers Inc., Akzo Nobel N.V., Nease Co. LLC, MUHU (China) Construction Materials Company Limited, PCC SE, BASF SE, and Acar Kimya VE Tekstil Sanayi Ticaret Ltd Sti. Production capacity expansions, geographical expansion, and new product developments are strategies implemented by major players. For instance, in February 2016, Nease Co. LLC announced expansion of its manufacturing site in Harrison, Ohio (the U.S.), to cater to the needs of its expanding specialty chemical business. Additionally, in 2016, BASF SE launched a new brand called Master Builders Solutions. The launch of this new brand is intended to enable easy access to the company’s comprehensive portfolio of various specialty brands for the construction industry.
Demand for Powdered Form of Naphthalene Sulfonate to Increase
Naphthalene sulfonate is primarily used in the powder form, as it is easy to carry and store. It also dissolves quickly. In terms of value, the powder segment accounted for significant share of the global naphthalene sulfonate market in 2017 due to its superior cost-to-performance ratio. The powder form is used when high concentration is required. It offers better performance and is more expensive than the liquid form.
Emerging Economies to Create Opportunities in Naphthalene Sulfonate Market
In terms of volume, Asia Pacific and Europe are leading regions of the naphthalene sulfonate market. In terms of value, the market in Asia Pacific is projected to expand at a substantial pace during the forecast period, followed by that in Latin America and Europe. In terms of market capitalization, Asia Pacific and Europe are expected to dominate the naphthalene sulfonate market during the forecast period. However, the market in Latin America is estimated to expand considerably due to the rise in demand from the building & construction industry and growth in the agriculture industry. Rise in demand for household cleaning products is increasing in the region. This, in turn, is driving the naphthalene sulfonate market in Latin America. In terms of country, the market in China, India, France, and Mexico is anticipated to expand at a significant pace during the forecast period due to the increase in demand from various end-use industries such as building & construction, agriculture, household cleaning, and textile.
High Demand from Construction and Building Industry to Boost Naphthalene Sulfonate Market
Naphthalene sulfonate refers to a derivative of sulfonic acid that comes with naphthalene as well. Across the globe, this chemical is extensively utilized for the purpose of dispersion, which is expected to bolster growth of the global naphthalene sulfonate market in the years to come. Naphthalene sulfonate provides favorable ratio of cost-to-performance. In addition to that, it offers rapid setting time once it is blended with concrete. This mixture is utilized in the form of a surfactant in several household cleaners, which is estimated to drive the demand for naphthalene sulfonate in the forthcoming years.
Properties of the Chemical Makes it a Popular Choice for Concrete Admixtures
A surge in the demand for this chemical from the agriculture and building and construction industry is anticipated to create ample growth opportunities for the global naphthalene sulfonate market in the near future. This chemical is utilized in the form of an additive in the building and construction sector. Once it is mixed with concrete, this chemical offers much improved flow along with faster time of setting. It is also utilized in the form of a surfactant in several household cleaners. Such multiple uses of this chemical is likely to foster growth of the global naphthalene sulfonate market in the near future. In the Asia Pacific region, this market is likely to expand at a considerably high speed owing to surging demand from the building and construction sector.
The construction industry is expanding at an accelerated pace due to the expanding footprint of urbanization across the globe, particularly in the developing countries. This development is expected to trigger the demand for ready-mix concrete, which is likely to bolster growth of the global naphthalene sulfonate market. Utilization of naphthalene sulfonate in concrete improves the characteristics of concrete admixtures, thereby ensuring better flow and quick spread across the surface. The growing demand for naphthalene sulfonate in the form of an additive in concrete admixtures is determined by the properties it posses. This factor is likely to play an important role in shooting demand for naphthalene sulfonate in the years to come.
Naphthalene Sulfonate Market - Overview
This report analyzes and Forecast the naphthalene sulfonate market at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (tons) from 2018 to 2026. The study includes drivers and restraints of the global naphthalene sulfonate market. It also covers the impact of these drivers and restraints on the demand for naphthalene sulfonate during the forecast period. The report also highlights opportunities in the naphthalene sulfonate market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global naphthalene sulfonate market. The Porter’s Five Forces model for the naphthalene sulfonate market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global naphthalene sulfonate market by segmenting it in terms of form, application, and end-use industry. The segments have been analyzed based on present and future trends. Regional segmentation includes the current and projected demand for naphthalene sulfonate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual form, application, and end-use industry segments in all the regions. Key players operating in the naphthalene sulfonate market include Enaspol a.s., GCP Applied Technologies Inc., Kao Corporation, Giovanni Bozzetto S.p.A, Himadri Speciality Chemical Limited, Hunstman Corporation, Koppers Inc., Akzo Nobel N.V., Nease Co. LLC, MUHU (China) Construction Materials Company Limited, PCC SE, BASF SE, and Acar Kimya VE Tekstil Sanayi Ticaret Ltd Sti. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the market size of naphthalene sulfonate for 2017 and forecast for the next nine years. The size of the global naphthalene sulfonate market has been provided in terms of revenue and volume. Market numbers have been estimated based on form, application, and end-use industry of naphthalene sulfonate. Market size and forecast for each product by form, application, and end-use industry have been provided for the global and regional market.
We conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders to compile the research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players operating in various end-use industries, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
- An extensive analysis of the naphthalene sulfonate market trends and shares from 2017 to 2026 to identify market opportunities and analyze industry developments
- A list of key developments in the naphthalene sulfonate market made by key players
- A list of key factors responsible for building the upcoming opportunistic roadmap for the naphthalene sulfonate market at a global, regional, and country level
- Comprehensive analysis regarding investments and price trends that impact the outlook of the global naphthalene sulfonate market between 2017 and 2026
- Insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level
- Porters’ Five Forces model highlights the potency of buyers and suppliers and enables stakeholders to make profit-oriented business decisions. It helps analyze their strengths and weaknesses to gain strategic position in the market.