Naphthalene Sulfonate Market 2017: Research, Share, Competitor Strategy, Industry Trends, Forecast to 2023

Market Synopsis:

Naphthalene Sulfonate are a class of derivatives of sulfonic acid which contain a naphthalene functional unit. They are used to increase the viscosity or plasticity of a material and are widely used as plasticizer and dispersants. It improves concrete mixture by dispersing cement particles and enables the rapid mixing of concrete and finds extensive application scope in building & construction sector. Additionally, it is used as a plasticizer, surfactant and wetting agent in end use industries such as agriculture, building & construction, household cleaning, textile among others. Furthermore in the textile sector, Naphthalene Sulfonate plays significant role in the process of dyeing.

The Global Naphthalene Sulfonate Market is predicted to grow at a moderate CAGR over the forecast period. Rising demand from the growing construction industry is expected to drive market growth over the forecast period. Moreover, increasing investment in the building & construction industry as well as expansion of household cleaning sector in developing regions is predicted to fuel market growth. Growing use of Naphthalene Sulfonate as a dispersing agent in agriculture sector is anticipated to positively influence demand patterns. However, this industry is dependent upon the crude oil, hence raw material price fluctuation is the main concern governing revenues for Naphthalene Sulfonate Market players. Furthermore, slight toxic nature may act as a minor restraint to the Global Naphthalene Sulfonate Market.

Naphthalene Sulfonate are the subsidiary of sulfonic acid that contain a Naphthalene functional unit. These are available in liquid as well as powder form. It enhances flow properties and permits the fast mixing of the concrete. It also offers high resistance to concrete by improving various rheological properties such as compressive, modulus elasticity, and flexural strength. It is used as a surfactant, dispersant & wetting agent, and plasticizer in numerous end use industries such as agriculture, textile, household cleaning, building & construction among others.

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Speedy growth of construction sector is predicted to drive the market for Naphthalene Sulfonate during the forecast period. Rising disposable income, constant urbanization, and improving living standards are expected to remain key driving factors Naphthalene Sulfonate demand over the next few years. Robust investment in the ongoing R&D projects by the manufacturers and strong acceptance within the end use industries is set to positively influence Naphthalene Sulfonate demand. However, level of toxicity associated with the use of Naphthalene Sulfonate and fluctuations in oil prices might prove to be the restraints for the market growth in the near future.

Market Segmentation:
Naphthalene Sulfonate Market is segmented on the basis of form, application, and end use industry. On the basis of form, the market is bifurcated into liquid and powder. The powdered form of Naphthalene Sulfonate holds the dominant position over the liquid form owing to its ease of packaging and transportation in comparison to the liquid form. On the basis of application, Naphthalene Sulfonate Market is segmented into dispersant & wetting agent, plasticizer, surfactant, and others. Based on end use industries, the market is segmented into agriculture, building & construction, household cleaning, textile and others. Building & Construction emerged as the largest end use industry for Naphthalene Sulfonate among others as it is used as a plasticizer for concrete admixture, fluidizer for ready mixed concrete, super-plasticizer for cement mortar, water reducing agent for gypsum board, under water concrete. These are used in the manufacturing of pigment and dyes and are prominently used in textile industry. They are furthers utilized as an anti-caking agent for fertilizer and wetting agent in the formulation of agrochemicals. Apart from this, gradually rising demand from the household cleaning industry, is also helping driving revenues in the Global Naphthalene Sulfonate Market.

Regional Analysis:
Asia Pacific is projected to be the largest market for Naphthalene Sulfonate followed by North America and Europe on account of increasing demand from building & construction, agriculture, and household cleaning among others. Emerging countries such as China, India, and Malaysia are the fastest growing market for naphthalene sulfonate, and is predicted to grow with the same pace in the near future. Ease in the availability of raw material, increasing economic growth rate, and competitive production costs are also the important factors further improving the growth of Naphthalene Sulfonate Market in the Asia Pacific region. North America Naphthalene Sulfonate Market is expected to witness a steady growth with U.S. and Canada being major contributor due to textile and household cleaning industry expansion. Europe is anticipated to witness a substantial growth over the forecast period due to growing demand for plasticizer in construction sector.

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Segmentation:
The Global Naphthalene Sulfonate Market is segmented on the basis of form, application, end use industries, and regions. Based on the form, the market is segmented into liquid and powder. On the basis of application, the market is segmented into dispersant & wetting agent, plasticizer, surfactant, and others. On the basis of end use industries, the market is categorized into agriculture, building & construction, household cleaning, textile and others. On the basis of regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players:
Some of the prominent players operating in the Naphthalene Sulfonate Market are BASF SE (Germany), GCP Applied Technologies Inc. (U.S), Huntsman International LLC (U.S), Himadri Speciality Chemical Ltd (India), AkzoNobel NV (Netherlands), Giovanni Bozzetto S.p.A (Italy), Koppers Inc. (U.S.) and others.                       

Key Points from Table of Contents:

12.    Company Profiles

12.1       BASF SE
12.1.1    Company Overview
12.1.2    Product/Business Segment Overview
12.1.3    Financial Updates
12.1.4    Key Developments

12.2       GCP Applied Technologies Inc.
12.2.1    Company Overview
12.2.2    Product/Business Segment Overview
12.2.3    Financial Updates
12.2.4    Key Developments

12.3       Huntsman International LLC
12.3.1    Company Overview
12.3.2    Product/Business Segment Overview
12.3.3    Financial Updates
12.3.4    Key Developments

12.4       Himadri Speciality Chemical Ltd
12.4.1    Company Overview
12.4.2    Product/Business Segment Overview
12.4.3    Financial Updates
12.4.4    Key Developments      

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