What is Global 1,8-Diaminonaphthalene Market?
The Global 1,8-Diaminonaphthalene Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. The 1,8-Diaminonaphthalene is an organic compound that is primarily used in the production of various dyes and pharmaceuticals. This compound is derived from naphthalene, a polycyclic aromatic hydrocarbon, through a process known as nitration. The global market for 1,8-Diaminonaphthalene is growing due to its increasing demand in various industries such as pharmaceuticals, polymers, and others. However, the market is also facing certain challenges such as stringent environmental regulations and health hazards associated with the handling and usage of this compound. Despite these challenges, the market is expected to grow due to the increasing demand from emerging economies and advancements in the chemical industry.
Industrial Grade, Pharmaceutical Grade in the Global 1,8-Diaminonaphthalene Market Market:
The Global 1,8-Diaminonaphthalene Market is segmented into Industrial Grade and Pharmaceutical Grade. The Industrial Grade 1,8-Diaminonaphthalene is primarily used in the production of dyes such as Solvent Red 135 and Solvent Orange 60. These dyes are widely used in the textile, paper, and plastic industries. On the other hand, the Pharmaceutical Grade 1,8-Diaminonaphthalene is used in the production of various pharmaceutical products. The demand for Pharmaceutical Grade 1,8-Diaminonaphthalene is increasing due to the growing pharmaceutical industry globally. The growth of the pharmaceutical industry is driven by factors such as increasing population, rising prevalence of chronic diseases, and advancements in medical technology. However, the market for Industrial Grade 1,8-Diaminonaphthalene is larger due to its wide range of applications in various industries.
Solvent Red 135, Solvent Orange 60, Others Dye, Pharmaceutical Industry, Polymer Industry, Others in the Global 1,8-Diaminonaphthalene Market Market:
The Global 1,8-Diaminonaphthalene Market finds its usage in various areas such as Solvent Red 135, Solvent Orange 60, Other Dye, Pharmaceutical Industry, Polymer Industry, and Others. In the dye industry, it is used in the production of Solvent Red 135 and Solvent Orange 60. These dyes are widely used in the textile, paper, and plastic industries. In the pharmaceutical industry, it is used in the production of various pharmaceutical products. The demand for 1,8-Diaminonaphthalene in the pharmaceutical industry is increasing due to the growing pharmaceutical industry globally. In the polymer industry, it is used in the production of various polymers. The demand for 1,8-Diaminonaphthalene in the polymer industry is increasing due to the growing polymer industry globally. The growth of the polymer industry is driven by factors such as increasing demand for polymers in various industries such as automotive, construction, packaging, and others.
Global 1,8-Diaminonaphthalene Market Market Outlook:
The global 1,8-Diaminonaphthalene market has been witnessing significant growth over the past few years. In 2022, the market was valued at US$ 76 million and it is expected to reach US$ 118.7 million by 2029, growing at a CAGR of 6.5% during the forecast period 2023-2029. The market is dominated by a few key players, with Nantong Haidi Chemicals being the largest manufacturer, accounting for 29% of the global market revenue. Other major players in the market include Changzhou Changyu Chemical, Nantong Longxiang Chemical, Jintai Lihua, and Haimen Huanyu Chemical. These top 5 companies collectively accounted for 77% of the global market share. The market is highly competitive and these companies are focusing on strategies such as mergers and acquisitions, partnerships, and new product development to increase their market share.
| Report Metric | Details |
| Report Name | 1,8-Diaminonaphthalene Market |
| Accounted market size in 2022 | US$ 76 in million |
| Forecasted market size in 2029 | US$ 118.7 million |
| CAGR | 6.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Nantong Haidi Chemicals, Changzhou Changyu Chemical, Nantong Longxiang Chemical, Jintai Lihua, Haimen Huanyu Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
