1,8-Diaminonaphthalene Market, By type (Industrial Grade and Pharmaceutical Grade), By Application (Solvent Red 135, Solvent Orange 60, Others Dye, Pharmaceutical Industry, Polymer Industry, and Others), and Regional Forecast to 2032

1,8-DIAMINONAPHTHALENE MARKET OVERVIEW

The global 1,8-Diaminonaphthalene Market size was USD 98.47 million in 2023 and is projected to touch USD 143.62 million by 2032, exhibiting a CAGR of 6.50% during the forecast period. 

It provide the user with a lot of features that make this particular product service work efficiently and effectively. A chemical having the formula C10H6(NH2)2 is 1,8-diaminonaphthalene. This naphthalenediamine is one of numerous isomeric forms. Oil soluble orange 60# and oil soluble red 135# are two of the synthetic compounds that are mostly made of 1,8-diaminonaphthalene, an essential pigment precursor. The other compound in the mixture is 1,5-diaminonaphthalene. This factor has augmented the 1,8-Diaminonaphthalene Market growth.

The anticipated rate of growth for this particular product service is due to quality level of assurance. Prosperity has been observed for this particular product market with amusing numbers. The construction industry's increased usage of it as a plasticizer in several concrete admixtures, particularly naphthalene sulfonate formaldehyde, is driving up demand for the product. This has ultimately outraged the sales and demand for this particular market growth and prosperity.

GLOBAL CRISES IMPACTING 1,8-DIAMINONAPHTHALENE MARKETCOVID-19 IMPACT

Market Growth Obstructed by Pandemic due to Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to chemicals and advanced materials. Therefore, a small influence from COVID-19 is anticipated on the 1,8-Diaminonaphthalene Market share.

LATEST TREND

"Mothballs to Drive Market Growth"

A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. Its anticipated that the market has augmented because of this particular trend. Products including insecticides, mothballs, and surfactants that include naphthalene are becoming more and more popular. Naphthalene, when exposed to room temperature, instantly transforms from a solid into a gas, releasing odors that deter moths and other insects, safeguarding textiles and clothing. Because of this, naphthalene is in higher demand. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.

1,8-DIAMINONAPHTHALENE MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Industrial Grade and Pharmaceutical Grade.

• Industrial Grade:  It is nothing but a type of surfactants with the Industrial Grade
• Pharmaceutical Grade: It is basically a type  that of surfactants with the Pharmaceutical Grade.

BY APPLICATION

Based on application, the global market can be categorized into Solvent Red 135, Solvent Orange 60, Others Dye, Pharmaceutical Industry, Polymer Industry, and Others.

• Solvent Red 135: It is just an application where it is used by Solvent Red 135.
• Solvent Orange 60: It is nothing but an application where it is used by Solvent Orange 60.
• Others Dye: It is just an application where it is used by Others Dye.
• Pharmaceutical Industry: It is nothing but an application where it is used by  Pharmaceutical Industry.
• Polymer Industry: It is just an application where it is used by Polymer Industry.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                

DRIVING FACTORS

"Formaldehyde to Boost the Market"

This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. Naphthalene sulfonates, which have a multitude of applications due to their ability to diffuse and moisten, are one of the most significant products of naphthalene. Formaldehyde of naphthalene sulphonate is made from naphthalene sulfonates (NSF). In polymer-concrete admixtures, NSF is used to counteract the surface charge on cement particles, which makes the paste and concrete less viscous and increases the quantity of water bound up in cement agglomerations. This particular product has recorded to be profiting for the market growth. This particular factor has been proved to a boon for this particular product market. These factors are anticipated to drive the market growth during the forecast period.

"Sulfonates to Expand the Market"

This is the second major factor attributing the growth of this particular  market and has resulted in the hike of revenue numbers so much so that they are touching the skies. Clients benefit from it. This particular product market has touched new levels of lucrative revenue numbers and has also recorded to be the boon for this particular product market growth. In order to produce surfactants, which are utilized in numerous personal care items, they are employed. Additionally, naphthalene sulfonates are utilized in water-based cleaners such industrial detergents, shampoos, and automatic dishwashing soaps. It is anticipated that naphthalene sulfonate would lead the market over the projection period due to all of these factors. This factor has attributed the overall growth of this market and helped with the hike of revenue numbers as well. These factors are anticipated to drive the market growth in the present times and also during the forecast period.

RESTRAINING FACTOR

"High Cost of Raw Materials to Impede Market Growth"

These particular solutions have been very helpful yet extremely costly as well. This particular restraining factor has caused the revenue numbers to impede with extremely low yields and declining the sales and demand for this market. For the duration of the projected period, strict environmental laws pertaining to VOC emissions are anticipated to impede market expansion. This particular factor is anticipated to restrain the market growth and drastically reduce the sales and demands of this particular product market. 

OPPORTUNITY

"Advancements in Technology  To Create Opportunity for the Product in the Market"

This particular opportunity has been attributing the market growth immensely. The market for 1,8-diaminenaphthalene is primarily driven by its widespread use in the textile sector for pigmenting and dyeing purposes. The need for premium dyes with superior colorfastness and durability has increased due to the strong expansion of the global textile sector, especially in emerging nations.

CHALLENGE

"HIgh Initial Investment Could Be a Potential Challenge for Consumers"

This particular factor has been drastically challenging for the market growth and has become another major restraining factor. High initial investment costs to hamper the market growth.

1,8-DIAMINONAPHTHALENE MARKET REGIONAL INSIGHTS

• NORTH AMERICA 

The North American region has augmented a lot in the past few years in this particular product market. The United States 3D 1,8-Diaminonaphthalene Market has anticipated to augment immensely over the forecast period. By revenue, the North American naphthalene market held a sizable portion of the industry. Naphthalene use in the building industry is on the rise, and pesticide use is also on the rise. Market expansion in North America has resulted from this.

• EUROPE

The european market for this particular market has been accounted for attributing the over all global shares for this particular product service market.

• ASIA

Asia-Pacific is anticipated to expand at the fastest rate during the projection period due to a rise in the demand for cutting-edge technologies. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue. The rising industrialization and urbanization of nations like China and India have led to Asia Pacific holding a sizable part of the worldwide 1,8-diaminonaphthalene market. The demand for 1,8-Diamine Naphthalene is being driven by the region's robust textile manufacturing hubs and expanding pharmaceutical industry. With a strong need for sophisticated medications and chemical intermediates, North America and Europe are also sizable marketplaces.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

LIST OF TOP COMPANIES 

• Nantong Haidi Chemicals (China)
• Changzhou Changyu Chemical (China)
• Nantong Longxiang Chemical (China)
• Jintai Lihua (China)
• Haimen Huanyu Chemical (China)

KEY INDUSTRY DEVELOPMENT

November 2022: This particular company has attributed the market growth in terms of revenue and shares system. This particular development and investment the global market has been recorded to be a boon for the market growth. To support the expansion of the downstream naphthalene market in Indonesia, Sulzer Chemtech Ltd. will supply Dong-Suh with equipment and process engineering. Making very pure naphthalene will be made easier with the installation of a state-of-the-art separation machine at the Dong-Suh factory in Serang, Indonesia.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.market affecting the forecasting period. With detailed studies done, it also offers a comprehensive.