What is Global 2,6-Naphthalene Dicarboxylic Acid Market?
The Global 2,6-Naphthalene Dicarboxylic Acid Market is a specialized sector within the chemical industry that focuses on the production and distribution of 2,6-Naphthalene Dicarboxylic Acid, a compound used in various applications. This market is a significant part of the global economy, with its value and influence extending to numerous industries. The market's value was estimated at US$ 254.8 million in 2022, and it is projected to grow to US$ 287.1 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 1.7% from 2023 to 2029. The market is dominated by Ferro Corporation, which held a significant market share of 94.74% in 2019. However, the market is not static, and changes are expected as new players enter the market and existing ones expand their operations.
≥99%, <99% in the Global 2,6-Naphthalene Dicarboxylic Acid Market:
The Global 2,6-Naphthalene Dicarboxylic Acid Market is segmented based on the purity of the product, with two main segments being ≥99% and <99%. The ≥99% segment refers to 2,6-Naphthalene Dicarboxylic Acid products that have a purity level of 99% or higher. These products are of high quality and are used in applications that require a high degree of purity. On the other hand, the <99% segment refers to products that have a purity level of less than 99%. These products are typically cheaper and are used in applications where a lower degree of purity is acceptable. The market dynamics for these two segments can vary significantly, with factors such as price, quality, and application requirements playing a key role in determining market trends.
PEN, PBN, Others in the Global 2,6-Naphthalene Dicarboxylic Acid Market:
The Global 2,6-Naphthalene Dicarboxylic Acid Market finds its usage in various areas such as PEN, PBN, and others. PEN refers to Polyethylene Naphthalate, a type of polyester used in food packaging, electronics, and other applications. 2,6-Naphthalene Dicarboxylic Acid is a key ingredient in the production of PEN. PBN, on the other hand, refers to Polybutylene Naphthalate, another type of polyester used in engineering plastics and other applications. 2,6-Naphthalene Dicarboxylic Acid is also used in the production of PBN. The "Others" category includes various other applications of 2,6-Naphthalene Dicarboxylic Acid in different industries. The usage of 2,6-Naphthalene Dicarboxylic Acid in these areas is driven by factors such as the properties of the compound, the requirements of the application, and the trends in the respective industries.
Global 2,6-Naphthalene Dicarboxylic Acid Market Outlook:
The Global 2,6-Naphthalene Dicarboxylic Acid Market is a dynamic and evolving sector. As of 2022, the market was valued at US$ 254.8 million, and it is expected to grow to US$ 287.1 million by 2029, representing a CAGR of 1.7% during the forecast period of 2023-2029. This growth is driven by various factors, including increasing demand for the product in various applications, technological advancements in production processes, and the expansion of key players in the market. One of the key players in this market is Ferro Corporation, which held a significant market share of 94.74% in 2019. However, the market landscape is expected to change as new players enter the market and existing ones expand their operations. Despite these changes, the market is expected to continue its growth trajectory in the coming years.
| Report Metric | Details |
| Report Name | 2,6-Naphthalene Dicarboxylic Acid Market |
| Accounted market size in 2023 | US$ 254.8 million |
| Forecasted market size in 2030 | US$ 287.1 million |
| CAGR | 1.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 | Solvay (Amoco Chemicals), Ferro Corporation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
