Naphthalene Derivatives Market Outlook 2027 By Size, Share, Trends, Growth And Demand
Global naphthalene derivatives market is projected to surpass USD21.97 billion by the end of 2027, exhibiting robust growth at a CAGR of 6.18%, in value terms, during 2023-2027. The growth in the global naphthalene derivatives market can be attributed to the surging industrial as well as commercial applications in umpteen end-user industries. The low volatility and odor features of naphthalene derivatives are widely escalating the demand for defense & military grade naphthalene derivatives. In addition to this, rising application of naphthalene derivatives in a variety of finishes such as high gloss, matte/satin, textured, suede is promulgating applications of naphthalene derivatives in the medical products, toys, etc. Increasing consumption of construction chemicals in developing countries and growing use of naphthalene derivatives across various end-user industries such as construction, agrochemicals, textiles, oil & gas, pulp & paper, etc. Growing modernization and ur...