Naphthalene Market: The Role of Sustainability and Environmental Regulations
The global naphthalene market is projected to grow steadily, driven by its diverse applications. In 2023, it was valued at USD 1,588.1 million and is anticipated to expand at a CAGR of 3.0% from 2024 to 2030. One significant driver for this growth is the construction industry's increasing reliance on naphthalene-based plasticizers, particularly naphthalene sulfonate formaldehyde. These additives enhance the workability and durability of concrete, leading to improved construction efficiency and structural integrity. Additionally, the demand for naphthalene-containing products like mothballs, surfactants, and pesticides is on the rise. Naphthalene's unique property of sublimation, where it directly transitions from a solid to a gas, makes it an effective moth repellent. This characteristic, combined with its ability to protect fabrics and clothing, has contributed to increased demand. Gather more insights about the market drivers, restrains and growth of the Naphthal