Zinc Naphthenate Market Report | Global Forecast To 2028
The global zinc naphthenate market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2028. The growth of the market can be attributed to the increasing demand for zinc naphthenate in various applications such as furniture and decking, marine, and construction. The increasing demand for zinc naphthenate in furniture and decking application is due to its ability to provide protection against corrosion from salt water or other corrosive substances that may come into contact with it. In addition, it also provides a protective coating on wood surfaces which prevents them from being damaged by moisture or UV rays. Furthermore, the marine application segment is expected to witness significant growth owing to its use as an anti-fouling agent in ships’ hulls which prevents barnacles from attaching themselves onto ship hulls thereby reducing drag on ships’ engines and fuel consumption rates while also preventing corrosion of ship hulls caused by barnacles attaching themselves onto them. The global zinc naphthenate market has been segmented based on type into liquid and solid; based on application into furniture & decking, marine construction; based on region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
- Zinc Naphthenate is used in the production of paints, plastics, rubber and other industrial products.
- The demand for zinc naphthenate is expected to increase due to the increasing demand for paints and plastics in emerging economies such as China and India.
- The global population growth will also lead to an increased demand for zinc naphthenate as more people will need paint and plastic products which are made with this chemical compound.
- Increasing environmental awareness has led to a shift towards more sustainable practices which has led many companies to switch from using petroleum-based chemicals such as benzene or xylene in their manufacturing processes to using less toxic chemicals like zinc naphthenate instead, leading to an increased demand for this chemical compound over time.
- Zinc Naphthenate is a relatively inexpensive chemical compound that can be produced by any country with a large enough supply of raw materials.
Industry Growth Insights published a new data on “Zinc Naphthenate Market”. The research report is titled “Zinc Naphthenate Market research by Types (Liquid, Solid), By Applications (Furniture & Decking, Marine, Construction, Others), By Players/Companies American Elements, King Industries, Pentox Inc, Techniseal, Shepherd Chemical”.
The global Zinc Naphthenate market is segmented on the basis of:
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Furniture & Decking, Marine, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
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- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
Detailed Report: https://industrygrowthinsights.com/report/zinc-naphthenate-market/
We have studied the Zinc Naphthenate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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