Naphthenic Acid Market, By Products (High-Purity Products and Refined Chemicals), By Application (Wood Preservatives, Fuel and Lubricant Additives and Paints & Ink Driers) and by Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) Analysis, Share, Trends, Size, & Forecast from 2019 2025
REPORT HIGHLIGHT
The Naphthenic Acid market was valued at USD 60.12 million by 2018, growing with 1.8% CAGR during the forecast period, 2019-2025.
Naphthenic acid is an un-functionalized alicyclic, aromatic, and aliphatic carboxylic acids. This chemical is a complex mixture of cycloaliphatic carboxylic acids derived from petroleum distillates. Naphthenic acid is generally obtained through caustic extraction of petroleum distillates boiling between 200 to 370 degree Celsius. The chemical is primarily extracted from crude oil such as kerosene and diesel streams in the refinery and used to improve the performance characteristics and storage properties of the finished products. This naturally occurring thick liquid ranges in color from pale yellow to dark amber, having low to moderate solubility in water.
Market Dynamics
Naphthenic acid is an important commercial chemical, mostly used as a compound to synthesize metal naphthenate salts. The substances extracted from refined naphthenic acids are majorly used as wood preservatives, amine derivatives for corrosion inhibitors, tire cord adhesion promoters and as oil-soluble metal soaps. On the flip side, this acid is intended to use only for industrial purpose in strict accordance with Material Safety Data Sheets (MSDS) guidelines. Direct contact with this chemical may cause heart and liver damage, brain haemorrhage, liver enlargement. At lethal doses, naphthenic acid can cause convulsion and respiratory arrest, nervous system depression and other serious side effects.
Products Takeaway
In terms of products, the industry is divided as high-purity products and refined chemicals. The demand for refined product was recorded over 50-kilo tons in 2018 and is projected to account for over 90% of worldwide industry share by the end of 2025. High-purity naphthenic acid is growing with promising growth rate owing to the rising demand from research labs of colleges and various industries including chemical and automotive.
Application Takeaway
Application segment is categorized into Wood Preservatives, Fuel and Lubricant Additives, Paints & Ink Driers, and others. Among which, paints application accounted for significant revenue share. The chief use of this chemical lies in the production of metallic naphthalene for cellulose preservatives and paint driers.
Key Vendors Takeaway
Companies namely Fulltime, Merichem Company, Midas, Umicore, Shenyang Zhangming Chemical Company Limited, Shanghai Changfeng Chemical and Karvan-L are actively operating in this industry. The worldwide market for naphthenic acid is consolidated. Merichem emerged as one of the leading player, hodling over 15% revenue share market share. Umicore and Midas follow the suits. Umicore is one of a prominent company in the European region and the largest suppliers of naphthenic acid to Asian countries.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 to 2017
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- High-Purity Products
- Refined Chemical
- Others
MARKET, BY APPLICATION
- Wood Preservatives
- Fuel and Lubricant Additives
- Paints & Ink Driers
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. NAPHTHENIC ACID MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. NAPHTHENIC ACID KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. NAPHTHENIC ACID INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. NAPHTHENIC ACID MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. NAPHTHENIC ACID MARKET – BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2018 & 2025 (%)
6.2. High-Purity Products
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Refined Chemical
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Others
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. NAPHTHENIC ACID MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2018 & 2025 (%)
7.2. Wood Preservatives
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Fuel and Lubricant Additives
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Paints & Ink Driers
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. NAPHTHENIC ACID MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2018 & 2025 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4. North America Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.5.5. Latin America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Fulltime
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Merichem Company
9.3. Midas
9.4. Umicore
9.5. Shenyang Zhangming Chemical Company Limited
9.6. Shanghai Changfeng Chemical
9.7. Karvan-L
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Naphthenic Acid market: Product snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product
TABLE Global Naphthenic Acid market, by Product 2014-2025 (USD Million)
TABLE Naphthenic Acid market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Naphthenic Acid market, by Application 2014-2025 (USD Million)
fTABLE Naphthenic Acid market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Naphthenic Acid market, by Region 2014-2025 (USD Million)
TABLE North America Naphthenic Acid market, by Country, 2014-2025 (USD Million)
TABLE North America Naphthenic Acid market, by Product, 2014-2025 (USD Million)
TABLE North America Naphthenic Acid market, by Application, 2014-2025 (USD Million)
TABLE Europe Naphthenic Acid market, by country, 2014-2025 (USD Million)
TABLE Europe Naphthenic Acid market, by Product, 2014-2025 (USD Million)
TABLE Europe Naphthenic Acid market, by Application, 2014-2025 (USD Million)
TABLE Asia Pacific Naphthenic Acid market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Naphthenic Acid market, by Product, 2014-2025 (USD Million)
TABLE Asia Pacific Naphthenic Acid market, by Application, 2014-2025 (USD Million)
TABLE Latin America Naphthenic Acid market, by country, 2014-2025 (USD Million)
TABLE Latin America Naphthenic Acid market, by Product, 2014-2025 (USD Million)
TABLE Latin America Naphthenic Acid market, by Application, 2014-2025 (USD Million)
TABLE Middle East and Africa Naphthenic Acid market, by country, 2014-2025 (USD Million)
TABLE Middle East and Africa Naphthenic Acid market, by Product, 2014-2025 (USD Million)
TABLE Middle East and Africa Naphthenic Acid market, by Application, 2014-2025 (USD Million)
List of Figures
FIGURE Naphthenic Acid market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product segment market share analysis, 2018 & 2025
FIGURE Product segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE High-Purity Products market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Refined Chemical market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2018 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Wood Preservatives application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Fuel and Lubricant Additives application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Paints & Ink Driers application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2018 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Naphthenic Acid market share and leading players, 2018
FIGURE Europe Naphthenic Acid market share and leading players, 2018
FIGURE Asia Pacific Naphthenic Acid market share and leading players, 2018
FIGURE Latin America Naphthenic Acid market share and leading players, 2018
FIGURE Middle East and Africa Naphthenic Acid market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Spain market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Italy market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE UK market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE France market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Japan market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE South Korea market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Singapore market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of APAC market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market share analysis by country, 2018
FIGURE Brazil market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mexico market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Argentina market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of LATAM market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market share analysis by country, 2018
FIGURE Saudi Arabia market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE United Arab Emirates market size, forecast and trend analysis, 2014 to 2025 (USD Million)
