US Naphthalene Market Size study, by Source (Coal Tar, Petroleum) by Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides, Other Applications) Forecasts 2022-2032

US Naphthalene Market Size study, by Source (Coal Tar, Petroleum) by Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides, Other Applications) Forecasts 2022-2032

US Naphthalene Market is valued at approximately USD 560 million in 2023 and is anticipated to grow with a healthy growth rate of more than 3.01% over the forecast period 2024-2032. Naphthalene is an aromatic hydrocarbon that is crystalline and made up of two fused benzene rings. It is frequently found in petroleum and coal tar. Naphthalene is frequently used as a raw material to make a variety of compounds, such as lubricants, dyes, and pesticides. solid naphthalene balls are often employed as a moth repellent, which involves placing them in closets or storage areas to keep pests like moths away. The US naphthalene manufacturing is becoming more efficient and cost-effective due to ongoing developments in production technology and procedures. Accordingly, the increasing technological advancements in production is a key trend that is supporting the growth of the US Naphthalene Market during the studies period of 2022–2032.

The US market benefits from the strong demand for various naphthalene derivatives. Phthalic anhydride, a key derivative used in plasticizers, resins, and films, is a major consumer of naphthalene in the US. Also, there is a continuous need for construction materials such as naphthalene-based concrete additives with ongoing infrastructure projects such as roads, bridges, and buildings. Government investments in infrastructure further boost demand. Naphthalene's effectiveness as a moth repellent makes it valuable in pest control applications. Consumers use naphthalene-based mothballs to protect clothes and fabrics from damage. Furthermore, companies are investing in research and development to innovate new naphthalene-based products and formulations. This includes developing sustainable and eco-friendly alternatives to meet market demand and regulatory requirements. However, it is anticipated that strict environmental laws regulating VOC emissions and the health risks connected to naphthalene use is expected to hinder US Naphthalene Market growth throughout the studied period of 2022–2032.

Major market player included in this report are:
Rain Carbon Inc
ExxonMobil Corporation
Koppers Inc
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Source
Coal Tar
Petroleum

By Application
Phthalic Anhydride
Naphthalene Sulfonates
Low-Volatility Solvents
Moth Repellent
Pesticides
Other Applications

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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