Naphthalene Derivatives Market expected to grow by 2022, categorized by form, derivative, end-use industry, and region
2023-04-22 02:06:28 By : admin
The global naphthalene derivatives market is projected to reach $4.16 billion by 2022, growing at a CAGR of 3.5% during the forecast period. Naphthalene derivatives are widely used in various industries such as construction, agrochemicals, textiles, and others. In this blog post, we will focus on the market for sulphonated naphthalene formaldehyde powder, a derivative of naphthalene.
Sulphonated naphthalene formaldehyde powder (SNF) is a type of concrete admixture used to improve the workability and performance of concrete. SNF helps to reduce water content in the concrete mix, which results in a stronger and more durable finished product. It also improves the flow and pumpability of the concrete, making it easier to handle and place.
SNF is commonly used in the construction industry for various applications such as high-rise buildings, bridges, tunnels, and dams. The growing demand for infrastructure development and industrialization in emerging economies such as China and India is driving the demand for SNF in the construction industry.
The agrochemicals industry is another major end-user of SNF. It is used as a dispersant for pesticides and herbicides, which helps to improve the efficiency and effectiveness of these products. SNF also helps to reduce the amount of chemicals needed for pest control, making it an environmentally friendly option.
SNF is available as a powder or a liquid, and its properties and applications vary depending on the form. The powder form is more commonly used in the construction industry, while the liquid form is preferred in the agrochemicals industry.
The global market for SNF is highly competitive, with major players such as BASF, Arkema, and Huntsman Corporation dominating the market. These companies invest heavily in research and development to improve the performance and efficiency of SNF in different applications.
In conclusion, the demand for SNF is expected to grow in the coming years, driven by the growing infrastructure development and industrialization in emerging economies. The construction and agrochemicals industries are the major end-users of SNF, and its properties and applications vary depending on the form. Therefore, it is essential for companies to understand the market demand and invest in research and development to improve the performance and efficiency of SNF in different applications.