Market Scope
MRFR (Market Research Future) believes that the sodium naphthalene sulfonate formaldehyde market can capture a striking growth rate from 2022 to 2030(evaluation period).
Market Boosters and Restraints
Sodium naphthalene sulfonate formaldehyde is generally utilized as a raw material for anti-freezing agents, retarders, and compound accelerators, in a variety of construction applications. The chemical’s significant purity level renders cement with properties such as high range water reducing, more strengthening and low foaming. Additionally, it boosts the cement’s workability and mobility. Apart from this, sodium naphthalene sulfonate formaldehyde is known for its excellent solubility in diethylene glycol, ethylene glycol, water and glycerol.
Heightened demand for the chemical in textile, construction, paper, oil, and plastics industries should be favorable for the global market. Majority of the companies are focused on technical integration during the value chain, which will amplify the competition in the global industry. Rising deployment of the latest technologies such as drones, Internet of Things (IOT), robotics, blockchain, artificial intelligence and cloud computing should improve the overall manufacturing process. The use of these technologies has increased majorly for bolstering the safety level, fostering efficiency as well as reliability and facilitating accurate monitoring across the supply chain.
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Opportunities
Sodium Naphthalene Sulphonate Formaldehyde Market finds several attractive opportunities in Asia Pacific, by virtue of the significant growth of the construction industry in the region. The construction industry in the region is pushed by the government’s focus on spending considerably on residential housing as well as public infrastructure. The residential construction sector in the market stands to benefit from the government-led initiatives to build residences for middle-and low-income population via its programs. The surge in the urbanization rate has been equally favorable. India has a rapidly growing construction industry that presents a host of investment opportunities to the global players, as the country is inclining towards infrastructure upgradation, smart city development and improvement in transportation routes. This scenario should be quite opportune for the sodium naphthalene sulphonate formaldehyde market in the future, considering that the demand is expected to mount significantly in the region.
Competitive Landscape:
The Prominent Key Players in the Sodium Naphthalene Sulphonate Formaldehyde Market Trends are the following:
- SHANDONG WANSHAN CHEMICAL CO., LTD. (China)
- Wuhan Xinyingda Chemicals Co., Ltd (China)
- Huntsman International LLC. (US)
- MUHU Construction Materials Co., Ltd (China)
- CHEMSONS INDUSTRIAL CORPORATION (India)
- Sure Chemical Co., Ltd. Shijiazhuang (China)
- Kao Corporation (Taiwan)
- Kashyap Industries (India)
- Viswaat Chemicals Limited (India)
- Mangalore Chemicals Fertilizers and others
Segmental Analysis
Sodium naphthalene sulphonate formaldehyde industry has been primarily categorized into form, application as well as end users.
The main forms in which sodium naphthalene sulphonate formaldehydes are generally available in the market are powder and liquid. powder. The powder form notes higher demand compared to the liquid form, especially in the construction sector. Powder form of sodium naphthalene sulphonate formaldehydes has highly solubility in water. The powder form in the construction industry is used for preparing pumpable and free-flowing concrete mixtures.
Sodium naphthalene sulphonate formaldehydes’ major applications are wetting agent, water reducer, oil rigging, dispersing agent, dying, and many more. The chemical is an extremely effective water reducer, as it helps improve the strength of the mortar and concrete.
The top market end users identified in the MRFR report are textile, agriculture, oil, construction, paper, plastics rubber, and others. In the construction sector, sodium naphthalene sulphonate formaldehyde is used extensively in bridges, highways, hydroelectric projects, tunnels, quays, ports, skyscrapers, high range concrete and industrial civil buildings. Given the rapid expansion of the construction industry worldwide, the resultant demand has also increased at a fast pace and will foster business growth in the following years.
Regional Outlook
The sodium naphthalene sulphonate formaldehyde industry has been regionally distributed into Europe, Asia Pacific (APAC), North America as well as the rest of the world (RoW).
With the biggest share in the global market for sodium naphthalene sulphonate formaldehyde, APAC will continue to lead in the next several years thanks to the rising product use in the construction sector, mostly in China and India. Escalating demand for construction, plastic, agriculture, and several other sectors in China, Japan, India, South Korea, and Taiwan has enhanced the use of sodium naphthalene sulphonate formaldehyde and will ensure that the APAC market maintain its winning streak during the analysis period. China is experiencing striking growth in the region, considering the heightened demand from the textile sector due to lifestyle changes and the exploding urban population.
The North American market benefits from the surging uptake of sodium naphthalene sulfonate formaldehydes by various sectors including plastics rubber, agriculture, construction, paper, oil, textile, to mention a few. Niche industrial applications like wetting agent, oil rigging, water reducer, dispersing agent and dying are also increasing rapidly and can mean favorable prospects for the regional market in the ensuing years.
Europe has advanced rapidly and has emerged as a highly lucrative market. It is one of the key consumers of sodium naphthalene sulfonate formaldehydes, given its rising consumption in fabric manufacturing, paper manufacturing, paper manufacturing and farming.
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