Naphthalene sulfonate helps to optimize material and time, while still providing cost-effective solutions. This has led to an increase in the use of naphthalene sulfonate in end-use applications such as construction and pesticides. The increasing applications of naphthalene sulfonate as a surfactant in textile and detergent industries is also gaining traction in the recent years.
The global naphthalene sulfonate market is expected to grow at a CAGR of ~3.5% during the forecast period.
The global naphthalene sulfonate market is segmented by form, application, function, and geography.
On the basis of the form, the market is segmented into solution and powder. The powder form is projected to witness rapid growth in the naphthalene sulfonate market owing to it’s added benefits such as faster solubility, uniform and homogeneous mixing, ease of handling, ease of availability and better performance over the solution form.
On the basis of the application, the market is segmented into construction, textile, agriculture, cleaning agents, and others. The construction industry is projected to witness the fastest growth in the naphthalene sulfonate market during the forecast period, 2018–2025. This rapidly increasing use of naphthalene sulfonate in the construction industry is attributed to the growing demand for plasticizers, which are capable of providing densely packed reinforcement, vibration damping, high strength, and a good textured surface finish to the building structure. The continuously increasing world population, increasing urbanization, and improvement in the lifestyle of people are also likely to propel the growth of the construction industry further.
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The agriculture industry is also likely to witness significant growth owing to the ability of naphthalene sulfonate to effectively disperse and homogeneously spread pesticides and other chemicals on crops during agricultural activities. The increasing demand from several downstream industries such as textile, dyes, detergents, and printing is expected to drive the growth of the market.
Based on the function, the market is segmented into dispersant and wetting agent, surfactant, and plasticizer. The dispersant and wetting agent is projected to witness significant growth in the naphthalene sulfonate market owing to its numerous applications as a dispersing agent in several end-use industries such as construction and agriculture.
The ability of naphthalene sulfonate to improve the surface properties and surface finish of products is projected to provide promising applications as a surfactant in several end-use applications such as textile, detergents, dyes, pigments, and printing inks.
The Asia Pacific is expected to dominate the global naphthalene sulfonate market owing to the rapid growth of the construction industry in the region. The increase in agricultural activities coupled with the gradual growth of the textile industry is expected to fuel the growth of the market further. North America and Europe are expected to witness remarkable growth in the market owing to the rapid growth of the detergent industry in both the regions. Latin America and the Middle East & Africa (LAMEA) are expected to witness gradual growth in the market owing to the growing agriculture and oil and gas industries in the region.
Some of the key players in the market: Akzo Nobel N.V. (Netherlands), Nease Performance Chemicals (U.S.), Enaspol a.s. (Czech Republic), Huntsman Corporation (U.S.), Kao Corporation (Japan), GIOVANNI BOZZETTO S.p.A. (Italy), BASF SE (Germany), Himadri Speciality Chemical Ltd. (India), Acar Kimya ve Tekstil San.Tic.Ltd.Sti (Turkey), and MUHU (China) Construction Materials Co., Ltd. (China).