Refined Naphthalene Market Projected to Reach USD 2.908 Billion by 2035 with a 5.16% CAGR During 2025–2035

The Refined Naphthalene Market was valued at USD 1.672 billion in 2024 and is projected to expand from USD 1.758 billion in 2025 to USD 2.908 billion by 2035, registering a compound annual growth rate (CAGR) of 5.16% during the forecast period 2025–2035.The Refined Naphthalene Market includes the production and sale of purified naphthalene used in industries like chemical manufacturing, dyes, agrochemicals, and resins. Refined naphthalene is valued for its high carbon content, volatility, and chemical stability. Market growth is fueled by increasing industrial chemical production, rising demand for adhesives and coatings, and expansion of the rubber and resin industries. Key product types include furnace oil-grade and coal tar-derived naphthalene, catering to different industrial specifications.

Key Drivers of Market Growth

1. Industrial Chemical Demand: Expanding use in dye, resin, and chemical production drives consumption.
2. Pesticide Industry Growth: Refined naphthalene is essential in manufacturing certain insecticides and pesticides.
3. Rubber and Resin Applications: Used in producing phenolic resins, adhesives, and molding compounds.
4. Technological Advancements: Improved refining processes enhance quality and efficiency.
5. Global Infrastructure Development: Rising construction and industrial activities increase demand for chemical intermediates.

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Types of Refined Naphthalene

1. Furnace Oil-Based Naphthalene: Derived from heavy oil fraction, suitable for industrial applications.
2. Coal Tar-Based Naphthalene: Extracted from coal tar, widely used in resin and chemical manufacturing.
3. Powdered Naphthalene: Used in formulations like pesticides and air fresheners.
4. Flake Naphthalene: Convenient for industrial handling and storage.

Regional Insights

• Asia-Pacific: Dominates the market due to large chemical manufacturing and industrial production in China and India.
• North America: Growth driven by specialty chemicals and resin industries.
• Europe: Demand from automotive, adhesives, and coatings industries.
• Middle East & Africa: Expanding industrial sectors support moderate growth.
• Latin America: Increasing chemical production and industrialization contribute to steady market demand.

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• Major Players
• Shenzhen Jiete Chemical Co. Ltd., Jiangsu Jichun Chemical Co. Ltd., Alfa Aesar, BASF SE, Eastman Chemical Company, Shandong Huayi Chemical Co. Ltd., Linke Chemical GmbH, Huntsman Corporation, Solvay S.A., SABIC, Kraton Corporation, AkzoNobel N.V., Koppers Holdings Inc., Olin Corporation

Future Outlook

The Refined Naphthalene Market is expected to grow steadily with industrial expansion, increasing demand in chemical manufacturing, and adoption of advanced refining technologies. Emerging applications in adhesives, resins, and specialty chemicals will further drive market growth.

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