Rise in Application as Chemical Intermediate to Promote Naphthalene Industry
Market Scope Market Research Future (MRFR) studied the global naphthalene market for the analysis period. As per MRFR findings, the global naphthalene market is expected to rise at a greatCAGR over the forecast period. During forecast period, the global naphthalene market value is anticipated to touch decent amount. Drivers and Restrains Impacting Naphthalene Market Naphthalene is an aromatic compound that is organic and appears as white crystalline. It is highly volatile and sublimes slowly at the room temperature. Naphthalene is extracted from petroleum and coal tar fractions during refining. Different artificially synthesized naphthalene compounds are deployed as precursors in the manufacturing of other chemicals. For example, acids of naphthalene sulfonic are used in the synthesis of pharmaceuticals, dyestuffs, and other chemicals. Moreover, it finds applications in other end-use industries, such as; rubber, textile, agrochemical, and building construction. The naphthal...