From GlobeNewswire: 2025-04-01 10:00:00

The naphthalene market is expected to reach $6.04 billion by 2032, with a 3.53% CAGR from 2024 to 2032. Key drivers include the demand for high-performance plasticizers and innovations in textile dye production. The market is influenced by environmental production processes and rising R&D investments towards biodegradable products.

Asia Pacific leads the naphthalene market, with 42% of the total market share in 2023. China and India’s construction and textile industries drive demand for naphthalene-based products. Key players are expanding production facilities in the region due to cost-effective production processes and easy availability of raw materials.

In 2023, coal tar accounted for 68% of the naphthalene market share, while petroleum-derived naphthalene is growing due to advancements in refining technologies. Phthalic anhydride manufacturing holds the largest market share, driven by its use in plasticizers, resins, and coatings. Investments in naphthalene production capacity and technology advancements are key developments in the market. 1. Naphthalene market research report for 2024-2032 is now available for purchase. Get in-depth analysis and insights by visiting https://www.snsinsider.com/checkout/5861.

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