North America Naphthalene Derivatives Market
The North America naphthalene derivatives market was valued at US$ 889.79 million in 2023 and is expected to reach US$ 1,123.03 million by 2031; it is estimated to register a CAGR of 3.0% from 2023 to 2031. Growth of Construction Industry Fuels North America Naphthalene Derivatives Market
Factors such as population increase, urbanization, and favorable economic conditions significantly drive the growth of the housing market. According to Redfin, 284,121 houses were sold in the US in January 2024, recording a 1.8% surge than the units sold in January 2023. Residential construction is a crucial component of the private sector. The US witnessed a noteworthy increase of US$ 856.3 billion to a seasonally adjusted annual rate in June 2023, marking a 0.9% rise from the revised estimate of US$ 848.6 billion for May 2023. In March 2023, the government of Canada launched the Housing Accelerator Fund worth US$ 2.96 billion as an aid to support the building of at least 100,000 homes across the country. According to the US Census Bureau, in November 2023, the number of privately-owned houses (at a seasonally adjusted annual rate) was 1.56 million units, with a rise of 9.3% compared to 1.43 million units in November 2022. A report released by the US Census Bureau also stated that the value of total construction (private and public) investment in 2023 was US$ 1,978.7 billion, i.e., a 7% increase from investments made in 2022 (US$ 1,848.7 billion).
Monthly New Residential Construction in Us (2022-2023)
Strategic insights for the North America Naphthalene Derivatives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Naphthalene Derivatives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Report Attribute
Details
Market size in 2023
US$ 889.79 Million
Market Size by 2031
US$ 1,123.03 Million
Global CAGR (2023 - 2031)
3.0%
Historical Data
2025-2031
Forecast period
2021-2023
Segments Covered
By Form
By Derivative Type
By End-use Industry
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Naphthalene Derivatives Regional Insights
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Source: US Census Bureau, and US Department of Housing and Urban Development (2023)
Factors such as population increase, urbanization, and favorable economic conditions significantly drive the growth of the construction industry.
Factors such as population increase, urbanization, and favorable economic conditions significantly drive the growth of the construction industry. In 2023, the Inter-American Development Bank approved a US$ 300 million loan for Brazil to enhance sustainable development in its northeastern region by addressing infrastructure bottlenecks affecting key production chains. This program will help states identify and advance crucial infrastructure projects. Additionally, Brazil's Minister of Ports and Airports, Silvio Costa Filho, announced a plan for a US$ 3.33 billion investment in the port sector for 2025 during a recent press session.
Naphthalene derivatives such as naphthalene sulphonates are used as superplasticizers in concrete. These compounds play a major role in improving the workability of concrete, facilitating more effective dispersion of cement particles. The demand for naphthalene compounds is fueled by the rising need for high-strength and durable concrete structures. Therefore, the growth of the global construction industry drives the naphthalene derivatives market.North America Naphthalene Derivatives Market Overview
According to the US Department of Transportation Federal Highway Administration, the US Government signed the Infrastructure Investment and Jobs Act in 2021, encompassing long-term infrastructure investment, providing US$ 550 billion over fiscal years 2022-2026 for the construction of roads, bridges, and mass transit, and water infrastructure. Further, a report by Statistics Canada states that commercial construction investment in Canada increased by 1.3% since 2021 to reach US$ 3.1 billion in 2022. The report published by the government of Canada in 2023 revealed that the investment in building construction rose to US$ 14.4 billion (CA$ 19.4 billion) in 2023, compared to 2020. Naphthalene derivatives such as sulfonated naphthalene formaldehyde are used in the preparation of a free-flowing and pumpable concrete mixture. It also serves as a superplasticizer in producing concrete admixtures of different plasticity values. According to the European Federation of Pharmaceutical Industries and Associations, North America accounted for 52.3% of world pharmaceutical sales in 2022. Naphthalene derivatives such as naphyrone, tolnaftate, naftifine, nafcillin, terbinafine, propranolol, nabumetone, nafimidone, and naproxen are approved by the Food and Drug Administration for their marketing as therapeutics. Thus, industries such as construction and pharmaceuticals propel the naphthalene derivatives market in North America.
North America Naphthalene Derivatives Market Revenue and Forecast to 2031 (US$ Million)
Strategic insights for the North America Naphthalene Derivatives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Naphthalene Derivatives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report North America Naphthalene Derivatives Strategic Insights
Get more information on this report North America Naphthalene Derivatives Report Scope
Report Attribute
Details
Market size in 2023
US$ 889.79 Million
Market Size by 2031
US$ 1,123.03 Million
Global CAGR (2023 - 2031)
3.0%
Historical Data
2025-2031
Forecast period
2021-2023
Segments Covered
By Form
By Derivative Type
By End-use Industry
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Naphthalene Derivatives Regional Insights
Get more information on this report
North America Naphthalene Derivatives Market Segmentation
The North America naphthalene derivatives market is categorized into form, derivative type, end-use industry, and country.
Based on form, the North America naphthalene derivatives market is bifurcated into powder and liquid. The powder segment held a larger market share in 2023.
In terms of derivative type, the North America naphthalene derivatives market is segmented into sulphonated naphthalene formaldehyde, phthalic anhydride, naphthalene sulphonic acid, alkyl naphthalene sulfonate salts, and others. The phthalic anhydride segment held the largest market share in 2023.
By end-use industry, the North America naphthalene derivatives market is segmented into building and construction, agrochemicals, textile, pharmaceuticals, oil and gas, dyes and pigments, and others. The building and construction segment held the largest market share in 2023.
By country, the North America naphthalene derivatives market is segmented into the US, Canada, and Mexico. The US dominated the North America naphthalene derivatives market share in 2023.
JFE holdings Inc; Stepan Co; Nouryon Chemicals Holding BV; Merck KGaA; Hefei TNJ Chemical Industry Co.,Ltd.; Himadri Speciality Chemical Ltd; Chempro Group; Methanol Chemicals Co; MUHU (China) Construction Materials Co., Ltd.; PCC SE; Rain Industries Ltd; King Industries, Inc.; MP Biomedicals; Shandong Jufu Chemical Technology Co., Ltd.; and Nan Ya Plastics Corp are among the leading companies operating in the North America naphthalene derivatives market.
The North America Naphthalene Derivatives Market is valued at US$ 889.79 Million in 2023, it is projected to reach US$ 1,123.03 Million by 2031.
As per our report North America Naphthalene Derivatives Market, the market size is valued at US$ 889.79 Million in 2023, projecting it to reach US$ 1,123.03 Million by 2031. This translates to a CAGR of approximately 3.0% during the forecast period.
The North America Naphthalene Derivatives Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Naphthalene Derivatives Market report:
The North America Naphthalene Derivatives Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Naphthalene Derivatives Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Naphthalene Derivatives Market value chain can benefit from the information contained in a comprehensive market report.
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