Naphthalene Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Naphthalene Market Analysis:

Throughout the projected period, the naphthalene market is predicted to experience a compound annual growth rate exceeding 3%. Despite the negative impact of COVID-19 on the market in 2020, it has since rebounded to pre-pandemic levels and is expected to maintain steady growth in the future. The rising demand for naphthalene in the textile industry is expected to drive market growth during the forecast period. However, stringent regulations on volatile organic compound emissions may impede market growth. Additionally, the construction sector’s new applications of naphthalene are expected to present market opportunities in the years to come. The Asia-Pacific region dominates the global market, with India and China being the largest consumers.

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