Naphthalene Price Trend

Naphthalene Prices December 2023

Naphthalene prices fell by 8.07% in Q4 2023, with limited trading and bearish market fundamentals driving a quarterly decrease of 15%, although prices remained stable year-over-year. The Refined naphthalene FOB Hamburg price in Germany closed the quarter at 12700 USD/MT, influenced by high supply, slow offtakes, and declining energy prices.

Naphthalene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Naphthalene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of naphthalene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of naphthalene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of naphthalene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing naphthalene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Naphthalene Market Analysis

The global naphthalene market size reached US$ 1.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.6 Billion, at a projected CAGR of 3.80% during 2023-2032.

• The increasing demand for naphthalene-derived surfactants in the agrochemical industry for producing pesticides and herbicides is further bolstering market growth.
• Rapid expansion of the textile and clothing industries, particularly in emerging economies, is expected to propel the demand for naphthalene used in synthetic fibers.
• The rising inclination towards sustainable and eco-friendly products, prompting manufacturers to invest in the development of bio-based naphthalene alternatives that comply with environmental regulations and reduce reliance on fossil fuels.
• Strategic alliances and mergers in the chemical manufacturing sector are poised to optimize production processes and expand the reach of naphthalene products into new markets, ensuring sustained growth amidst changing global economic and regulatory landscapes.
• Shifting trends towards integrated pest management (IPM) strategies in agricultural practices increasingly incorporate naphthalene as a biopesticide, given its effectiveness in pest control without the environmental and health risks associated with traditional pesticides.
• Continuous innovations in industrial processes and the rising adoption of naphthalene in niche applications are opening new avenues for market expansion.
• The heightened demand for raw materials like naphthalene used in construction, agriculture, and manufacturing, this expansion into these new geographic areas represents a significant growth opportunity for the naphthalene industry.
• Naphthalene is used as a raw material in the production of certain pigments and as a solvent in paints and coatings, in construction and automotive sectors it directly influences the paints and coatings industry, subsequently prompting naphthalene demand.
• The emerging trend towards the development of bio-based chemicals as a sustainable alternative to their fossil-based counterparts.
• As the electronics industry continues to grow, naphthalene derivatives that are used in the production of certain electronic components, such as semiconductors and insulating materials, could see increased demand.
• Specialty chemicals markets are rapidly evolving, and naphthalene's versatility makes it suitable for use in creating high-value, specialized products for niche markets, which often yield higher profit margins.

Naphthalene News

The report covers the latest developments, updates, and trends impacting the global naphthalene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in naphthalene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the naphthalene price trend.

Latest developments in the naphthalene industry:

• On April 15, 2024, BASF is expanding its EcoBalanced product range, enhancing its commitment to environmentally friendly solutions for detergent and cleaning product manufacturers and industrial formulators. In partnership with customers, BASF aims to accelerate the shift from fossil-based to renewable raw materials through its Care Chemicals division's "Care 360° – Solutions for Sustainable Life".
• On April 15, 2024, Evonik introduced Ancamine® 2880, a fast-curing, UV-resistant epoxy curing agent with superior mechanical properties and abrasion resistance, ideal for flooring applications due to its low color and high gloss. This new, globally available agent allows for ambient and low-temperature curing, rapid hardness development, and early walk-on times.
• On March 26, 2024, Merck expanded its M Lab™ Collaboration Center in Shanghai with a €14 million investment, adding a biology application lab, a process development training center, and an upstream application lab, making it the largest in its global network. This expansion supports the biopharmaceutical industry in China by offering enhanced capabilities and services to accelerate the development and manufacturing of novel drug therapies.

Product Description

Naphthalene is an organic substance with a strong and distinctive mothball-like aroma which is a member of the class of polycyclic aromatic hydrocarbons (PAHs); its molecular formula is C10H8. It is an annellation of two bonded benzene rings, thus, belonging to the category of minimum chemical compounds containing it. Naphthalene is mainly obtained by the distillation of coal tar, a by-product of the steelmaking process, but it can also be gained from petroleum.

The advantage of naphthalene in industrial applications lies in its ability to be applied in many fields. It acts as an initial compound of a lot of other chemicals, and phthalic anhydride is the most common example, which virtually every thermal corrosion inhibitor depends on. On top of that, naphthalene, which is the major component of mothball formation, can be also used as a pesticide since it releases a gas that is a poison for insects and pests.

Not only in medical applications that naphthalene comes in handy, but also in the construction industry where it is added to concrete as a plasticizer to slow down the curing process, thus, ensuring better properties that improve the material’s strength and durability. For instance, we can take another example from the chemistry laboratory, where it is employed as a solvent for multiple chemical reactions, providing a medium in which reacting substances can react more efficiently.

Regional Coverage

The report provides a detailed analysis of the naphthalene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the naphthalene price trend.

Global Naphthalene Price

The report offers a holistic view of the global naphthalene pricing trends in the form of naphthalene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of naphthalene but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed naphthalene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Naphthalene Price

In Q4 2023, the European naphthalene market faced challenges due to an oversupply and weak demand from the chemical and dye sectors, which pushed prices downward. Low-cost coal feedstock also influenced market dynamics, contributing to the price decline. Germany notably experienced the most significant price changes during this period.

This analysis can be extended to include detailed naphthalene price information for a comprehensive list of countries.

North America Naphthalene Price

In Q4 2023, the naphthalene market in North America saw a significant downturn compared to the previous quarter, with trade occurring only as necessary. Demand from the downstream plastic and resin sectors was sluggish, reflecting end-of-year purchasing dynamics. Despite steady coal prices, the feedstock market experienced weak trading. Major manufacturers increased their coal purchases later in the year, substituting liquified natural gas with thermal coal to boost power generation for the Northern Hemisphere winter.

Specific naphthalene historical data within the United States and Canada can also be provided.

Middle East and Africa Naphthalene Price

The report explores the naphthalene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on naphthalene prices for countries can also be provided.

Asia Pacific Naphthalene Price

In Q4 2023, naphthalene prices in the Asia Pacific region dropped due to slow market offtakes and sluggish purchases. Japan's exports declined amid low demand and limited supply, compounded by retailers' surplus inventory from early imports. Decreased consumer trading and economic concerns led to a decline in naphthalene consumption. Major manufacturers saw reduced revenue and profit margins because of slowing demand, lower manufacturing costs, and reduced netbacks.

This naphthalene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Naphthalene Price

The analysis of naphthalene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of naphthalene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting naphthalene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The naphthalene price charts ensure our clients remain at the forefront of the industry.