What is Global Methyl Naphthalene Market?
The Global Methyl Naphthalene Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of Methyl Naphthalene, a polycyclic aromatic hydrocarbon. This market is a significant part of the global economy, with a value of US$ 94 million in 2023. It is projected to reach US$ 118.4 million by 2030, growing at a compound annual growth rate (CAGR) of 3.3% during the forecast period from 2024 to 2030. The Asia-Pacific region is the largest consumer of Methyl Naphthalene, accounting for nearly 62% of the global consumption.
1-Methylnaphthalene, 2-Methylnaphthalene, Others in the Global Methyl Naphthalene Market:
The Global Methyl Naphthalene Market is segmented into three main categories: 1-Methylnaphthalene, 2-Methylnaphthalene, and others. 1-Methylnaphthalene and 2-Methylnaphthalene are the most common types of Methyl Naphthalene, with the latter accounting for about 33% of the market. These substances are primarily used in organic synthesis, which accounts for about 60% of Methyl Naphthalene's consumption. The remaining portion of the market is made up of other types of Methyl Naphthalene, which are used in a variety of applications.
Important Intermediate, Organic Synthesis in the Global Methyl Naphthalene Market:
Methyl Naphthalene is widely used as an important intermediate in various industries, particularly in organic synthesis. It plays a crucial role in the production of a wide range of chemicals and materials, making it an indispensable part of the global economy. The demand for Methyl Naphthalene is primarily driven by its extensive use in organic synthesis, which accounts for about 60% of its total consumption. Other significant uses of Methyl Naphthalene include its application in the production of dyes, resins, plastics, and pharmaceuticals, among others.
Global Methyl Naphthalene Market Outlook:
In 2023, the global Methyl Naphthalene market was valued at US$ 94 million. It is expected to grow at a CAGR of 3.3% from 2024 to 2030, reaching a projected value of US$ 118.4 million by the end of the forecast period. The Asia-Pacific region is the largest consumer of Methyl Naphthalene, accounting for nearly 62% of the global market. The 2-Methylnaphthalene segment makes up about 33% of the market, while the majority of Methyl Naphthalene is used in organic synthesis, accounting for about 60% of its consumption.
| Report Metric | Details |
| Report Name | Methyl Naphthalene Market |
| Accounted market size in 2023 | US$ 94 million |
| Forecasted market size in 2030 | US$ 118.4 million |
| CAGR | 3.3% |
| 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 | Koppers Inc, Ruetgers, Nippon Steel Chemical, JFE Chemical, Hualun, SxtyChem, SinoChem Hebei, BaoChem, WanshidaChem, SinocoalChem, Baoshun, Flint Hills Resources, Crowley Chemical Company |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
