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Naphthenic Acid Market Report by Type, Application, Sales Channel, and Region 2024-2032

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    Report

  • 138 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5753439
The global naphthenic acid market size reached US$ 70.2 Million in 2023. Looking forward, the market is projected to reach US$ 85.0 Million by 2032, exhibiting a growth rate (CAGR) of 2.15% during 2023-2032.

Naphthenic Acid (CnH2n-z O2) refers to a light-yellowish to dark-colored, insoluble complex compound that is identified as the mixture of predominant carboxylic and a small amount of acyclic acids present in crude oil or sand bitumen. It is obtained from the caustic extraction of petroleum distillation procedure wherein the product is removed from refinery streams through caustic washing. Naphthenic acid can act as a surfactant, causing emulsion formulation and stabilization, and it can necessitate high levels of treatment to meet product specifications.

Consequently, naphthenic acid finds extensive applications in metal synthesis, paint dryers, detergents, solvents, organic peroxides, corrosion inhibitors, metal naphthenates, ink driers, and rubber reclaiming. At present, it is commercially available in refined and high-quality product types, which are used in diverse industries based on requirements.

Naphthenic Acid Market Trends

The increasing need to protect various wood products, such as fences, poles, furniture, and other timber surfaces, has facilitated the widespread adoption of naphthenic acid as a preservative across the residential and commercial sectors, which is primarily driving the market growth. Naphthenic acid is used with copper salts, zinc naphthenate, and naphthenic acid to protect cellulosic materials from decay and extreme temperatures or humidity. In line with this, the rising usage of naphthenic acid as fuel additives in jet engines and locomotives to increase engine life is acting as another growth-inducing factor.

It is further influenced by the extensive product usage in the aerospace industry as an anti-corrosive agent in the production of jet fuels. Additionally, naphthenic acid finds applications in lubricants, adhesives, sealants, coatings, pesticides, emulsifier intermediates, and anti-scaling agents, which, in turn, is supporting the market growth. Apart from this, the emergence of naphthenic acid as an ideal alternative to phosphate ester in industrial coatings, owing to its anti-scaling properties and strategic collaborations among key players, are creating a positive outlook for the market.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global naphthenic acid market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, application and sales channel.

Breakup by Type:

  • Refined Naphthenic Acid
  • High-purity Naphthenic Acid

Breakup by Application:

  • Paint and Ink Driers
  • Wood Preservatives
  • Fuel and Lubricant Additives
  • Rubber Additives
  • Others

Breakup by Sales Channel:

  • Direct Channel
  • Distributor

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Haihang Industry Co. Ltd, Jigchem Universal, Leo Chemo Plast Pvt. Ltd., Merck KGaA, Merichem Company, Petróleos del Perú, Shenyang Zhang Ming Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd and Umicore Cobalt & Specialty Materials.

Key Questions Answered in This Report

1. What was the size of the global naphthenic acid market in 2023?
2. What is the expected growth rate of the global naphthenic acid market during 2024-2032?
3. What are the key factors driving the global naphthenic acid market?
4. What has been the impact of COVID-19 on the global naphthenic acid market?
5. What is the breakup of the global naphthenic acid market based on the type?
6. What is the breakup of the global naphthenic acid market based on the application?
7. What are the key regions in the global naphthenic acid market?
8. Who are the key players/companies in the global naphthenic acid market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Naphthenic Acid Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Refined Naphthenic Acid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 High-purity Naphthenic Acid
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Paint and Ink Driers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wood Preservatives
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fuel and Lubricant Additives
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Rubber Additives
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Sales Channel
8.1 Direct Channel
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Distributor
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Haihang Industry Co. Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Jigchem Universal
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Leo Chemo Plast Pvt. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Merck KGaA
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Merichem Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Petróleos del Perú
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Shenyang Zhang Ming Chemical Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Tokyo Chemical Industry Co. Ltd
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Umicore Cobalt & Specialty Materials
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
List of Figures
Figure 1: Global: Naphthenic Acid Market: Major Drivers and Challenges
Figure 2: Global: Naphthenic Acid Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Naphthenic Acid Market: Breakup by Type (in %), 2023
Figure 5: Global: Naphthenic Acid Market: Breakup by Application (in %), 2023
Figure 6: Global: Naphthenic Acid Market: Breakup by Sales Channel (in %), 2023
Figure 7: Global: Naphthenic Acid Market: Breakup by Region (in %), 2023
Figure 8: Global: Naphthenic Acid (Refined Naphthenic Acid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Naphthenic Acid (Refined Naphthenic Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Naphthenic Acid (High-purity Naphthenic Acid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Naphthenic Acid (High-purity Naphthenic Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Naphthenic Acid (Paint and Ink Driers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Naphthenic Acid (Paint and Ink Driers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Naphthenic Acid (Wood Preservatives) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Naphthenic Acid (Wood Preservatives) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Naphthenic Acid (Fuel and Lubricant Additives) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Naphthenic Acid (Fuel and Lubricant Additives) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Naphthenic Acid (Rubber Additives) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Naphthenic Acid (Rubber Additives) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Naphthenic Acid (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Naphthenic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Naphthenic Acid (Direct Channel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Naphthenic Acid (Direct Channel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Naphthenic Acid (Distributor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Naphthenic Acid (Distributor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: United States: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: United States: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Canada: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Canada: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Asia-Pacific: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Asia-Pacific: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: China: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: China: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Japan: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Japan: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: India: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: India: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: South Korea: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: South Korea: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Australia: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Australia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Indonesia: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Indonesia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Europe: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Europe: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Germany: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Germany: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: France: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: France: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: United Kingdom: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: United Kingdom: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Italy: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Italy: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Spain: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Spain: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Russia: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Russia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Latin America: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Latin America: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Brazil: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Brazil: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Mexico: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Mexico: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Middle East and Africa: Naphthenic Acid Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Middle East and Africa: Naphthenic Acid Market: Breakup by Country (in %), 2023
Figure 74: Middle East and Africa: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Global: Naphthenic Acid Industry: SWOT Analysis
Figure 76: Global: Naphthenic Acid Industry: Value Chain Analysis
Figure 77: Global: Naphthenic Acid Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Naphthenic Acid Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Naphthenic Acid Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Naphthenic Acid Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Naphthenic Acid Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
Table 5: Global: Naphthenic Acid Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Naphthenic Acid Market: Competitive Structure
Table 7: Global: Naphthenic Acid Market: Key Players

Companies Mentioned

  • Haihang Industry Co. Ltd
  • Jigchem Universal
  • Leo Chemo Plast Pvt. Ltd.
  • Merck KGaA
  • Merichem Company
  • Petróleos del Perú
  • Shenyang Zhang Ming Chemical Co. Ltd.
  • Tokyo Chemical Industry Co. Ltd
  • Umicore Cobalt & Specialty Materials.

Methodology

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Table Information