Global Refined Naphthalene for Mothballs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Refined Naphthalene for Mothballs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Naphthalene is the simplest condensed ring aromatic hydrocarbon. Its molecular formula is C10H8. It is formed by the fusion of two benzene rings sharing two adjacent carbon atoms. It is colorless, toxic, easy to sublimate and has a special smell of flake crystals. It is produced in large quantities from the by-products of coking, coal tar and petroleum distillation, and is mainly used to synthesize phthalic anhydride. Naphthalene is the most important fused-ring aromatic hydrocarbon in industry. The pure product is white crystals with the smell of camphor wood, with a melting point of 80-82°C. Mainly used in the production of phthalic anhydride, dye intermediates, rubber additives and pesticides.

Market Overview:

The latest research study on the global Refined Naphthalene for Mothballs market finds that the global Refined Naphthalene for Mothballs market reached a value of USD 68.84 million in 2022. It’s expected that the market will achieve USD 90.87 million by 2028, exhibiting a CAGR of 4.74% during the forecast period.

Influence of COVID-19 Outbreak on Refined Naphthalene for Mothballs Industry Development

The COVID-19 epidemic spread to more than 210 countries and regions around the world in three months, affecting nearly 7 billion people. The coronavirus epidemic has impacted all aspects of human health, economic growth, social development, national security, and international relations. It is a comprehensive challenge. The epidemic has drastically reversed expectations of moderate growth in the world economy in early 2020. After the outbreak, the employment situation in various countries has become more severe. Global investors panic, triggering turmoil in the financial and capital markets. The epidemic has caused huge losses to related industries and international trade. From the perspective of the general background, exports, consumption, and investment are driving the economy. After the outbreak of the epidemic, consumption, exports, and investment have all been affected to some extent. Therefore, the global economic downturn is inevitable.

More than one million lives have been lost to COVID-19 since the start of 2020 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.

Market SWOT Analysis

Strength
Refined naphthalene used in Mothballs has a good insect repellent effect, and the insect repellent effect is better than camphor.
The development of global industry and agriculture.

Weakness

Naphthalene is highly toxic, harmful to the human body, and has a risk of cancer.
Many countries have regulations and restrictions on the use of naphthalene.

Opportunity

Expand downstream applications and expand downstream markets.
The rapid development of the construction industry increases downstream demand.

Threat

Increasingly strict government policies.
The occurrence of security issues.
Fluctuations in raw material prices and refined naphthalene prices.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects

Company Overview:

Ansteel Group, Sunlight coking, COPYRIGHT FULLTIME, Baowu Carbon Material and China Steel Chemical are the five key players in the global Refined Naphthalene for Mothballs market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Refined Naphthalene for Mothballs market in the past 5 years.

Segmentation Overview:

By type, Purity ≥99% segment accounted for the largest share of market in 2021.

Key Companies in the global Refined Naphthalene for Mothballs market covered in Chapter 3:

Zhejiang Wulong Chemical
Industrial Quimica del Nalon
Ansteel Group
Shandong Gude Chemical
Sunlight coking
Baowu Carbon Material
COPYRIGHT FULLTIME
Himadri
Carbon Tech Group
Pingdingshan Aosida Technology
JFE Chemical
Deza a.s.
China Steel chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the Refined Naphthalene for Mothballs market from 2018 to 2029 is primarily split into:

Purity<99%
Purity ≥99%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Refined Naphthalene for Mothballs market from 2018 to 2029 covers:

Petroleum
Coal Tar

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)