Pharmaceutical, agricultural, photography, construction, textile chemicals, rubber, and tanning all use naphthalene derivatives as an intermediary. On the basis of form, naphthalene derivatives in powered form are widely employed and account for the biggest market share in the worldwide naphthalene derivatives market. Powered naphthalene derivatives are easier to package, organise, and ship than liquid naphthalene derivatives. One of the major reasons for the widespread adoption of powered form naphthalene derivatives over liquid form naphthalene derivatives is this.
Increased use of naphthalene derivatives in construction chemicals, rising demand for naphthalene derivatives from a variety of end-use industries, and a growing number of naphthalene derivative applications are some of the factors expected to drive the Naphthalene Derivatives Market during the forecast period of 2022 to 2029. In contrast, the increasing investment by major corporations in naphthalene derivatives R&D would open up a slew of opportunities for the naphthalene derivatives market to expand over the forecast period.
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