DUBLIN, Oct. 31, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "India Naphthalene Market Forecast and Opportunities, 2019" report to their offering.
Naphthalene is an aromatic organic compound, derived from crude oil or coal tar during steel production. Since 1990, major industry players have been using coal tar for producing naphtha instead of crude oil. In India, naphthalene is majorly used in pharmaceutical, textiles, chemicals and construction industries. However, due to limited production base, India largely relies on imports for addressing the demand of naphtha in these industries. In India, naphthalene is not directly produced by a company. Rather, it is extracted by distillation of coal tar, a major by-product of steel industry in India. In general, distillation of coal tar leads to production of around 8-10% naphthalene by volume. Despite these challenges, the demand for naphthalene in India is increasing at a rapid pace on account of growing textile exports, increasing use of naphtha in construction industry and rising production of sulfonated naphthalene formaldehyde, which is added to construction chemicals.
According to India Naphthalene Market Forecast & Opportunities, 2019, India's naphthalene market is expected to witness high double-digit growth at a CAGR 18% during 2014-19. Textile industry is the leading end-user industry for naphthalene in India. In 2013, Steel Authority of India Limited was the single largest naphthalene producer in the country. Over the forecast period, the company is expected to continue dominating, holding the largest market share in volume terms in the overall market. Other small scale players that are engaged in producing naphtha in India include AVH chemicals, Kedia Carbon, etc. India Naphthalene Market Forecast & Opportunities, 2019 discusses the following aspects related to Naphthalene market in India:
- India Naphthalene Market Size, Share & Forecast
- Market Drivers & Challenges
- Import & Export Analysis
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Naphthalene Market Overview
4. India Naphthalene Market Outlook
5. Market Dynamics
6. Recent Industry Trend
7. India Economic Profile
8. Competitive Landscape
9. Strategic Recommendations
10. About Us & Disclaimer
- AVH Pvt Ltd.
- Kedia Carbon Pvt. Ltd.
- Palriwal Industries Pvt Ltd.
- Steel Authority of India Ltd.
For more information visit http://www.researchandmarkets.com/research/57px3d/india_naphthalene
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SOURCE Research and Markets