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Naphthenic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global naphthenic acid market size reached US$ 66.38 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 77.62 Million by 2027, exhibiting a growth rate (CAGR) of 2.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Naphthenic Acid (CnH2n-z O2) refers to a light-yellowish to dark-colored, insoluble complex compound that is identified as the mixture of predominant carboxylic and a small amount of acyclic acids present in crude oil or sand bitumen. It is obtained from the caustic extraction of petroleum distillation procedure wherein the product is removed from refinery streams through caustic washing. Naphthenic acid can act as a surfactant, causing emulsion formulation and stabilization, and it can necessitate high levels of treatment to meet product specifications. Consequently, naphthenic acid finds extensive applications in metal synthesis, paint dryers, detergents, solvents, organic peroxides, corrosion inhibitors, metal naphthenates, ink driers, and rubber reclaiming. At present, it is commercially available in refined and high-quality product types, which are used in diverse industries based on requirements.

Naphthenic Acid Market Trends:

The increasing need to protect various wood products, such as fences, poles, furniture, and other timber surfaces, has facilitated the widespread adoption of naphthenic acid as a preservative across the residential and commercial sectors, which is primarily driving the market growth. Naphthenic acid is used with copper salts, zinc naphthenate, and naphthenic acid to protect cellulosic materials from decay and extreme temperatures or humidity. In line with this, the rising usage of naphthenic acid as fuel additives in jet engines and locomotives to increase engine life is acting as another growth-inducing factor. It is further influenced by the extensive product usage in the aerospace industry as an anti-corrosive agent in the production of jet fuels. Additionally, naphthenic acid finds applications in lubricants, adhesives, sealants, coatings, pesticides, emulsifier intermediates, and anti-scaling agents, which, in turn, is supporting the market growth. Apart from this, the emergence of naphthenic acid as an ideal alternative to phosphate ester in industrial coatings, owing to its anti-scaling properties and strategic collaborations among key players, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global naphthenic acid market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and sales channel.

Breakup by Type:

  • Refined Naphthenic Acid
  • High-purity Naphthenic Acid
     

Breakup by Application:

  • Paint and Ink Driers
  • Wood Preservatives
  • Fuel and Lubricant Additives
  • Rubber Additives
  • Others
     

Breakup by Sales Channel:

  • Direct Channel
  • Distributor
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Haihang Industry Co. Ltd, Jigchem Universal, Leo Chemo Plast Pvt. Ltd., Merck KGaA, Merichem Company, Petróleos del Perú, Shenyang Zhang Ming Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd and Umicore Cobalt & Specialty Materials.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Application, Sales Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Haihang Industry Co. Ltd, Jigchem Universal, Leo Chemo Plast Pvt. Ltd., Merck KGaA, Merichem Company, Petróleos del Perú, Shenyang Zhang Ming Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd and Umicore Cobalt & Specialty Materials.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global naphthenic acid market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global naphthenic acid market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the sales channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global naphthenic acid market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Naphthenic Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Refined Naphthenic Acid
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    High-purity Naphthenic Acid
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Application
    7.1    Paint and Ink Driers
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Wood Preservatives
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Fuel and Lubricant Additives
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Rubber Additives
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Sales Channel
    8.1    Direct Channel
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Distributor
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Haihang Industry Co. Ltd
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Jigchem Universal
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Leo Chemo Plast Pvt. Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Merck KGaA 
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Merichem Company
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Petróleos del Perú
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Shenyang Zhang Ming Chemical Co. Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Tokyo Chemical Industry Co. Ltd
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Umicore Cobalt & Specialty Materials
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis

List of Figures

Figure 1: Global: Naphthenic Acid Market: Major Drivers and Challenges
Figure 2: Global: Naphthenic Acid Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Naphthenic Acid Market: Breakup by Type (in %), 2021
Figure 5: Global: Naphthenic Acid Market: Breakup by Application (in %), 2021
Figure 6: Global: Naphthenic Acid Market: Breakup by Sales Channel (in %), 2021
Figure 7: Global: Naphthenic Acid Market: Breakup by Region (in %), 2021
Figure 8: Global: Naphthenic Acid (Refined Naphthenic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Naphthenic Acid (Refined Naphthenic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Naphthenic Acid (High-purity Naphthenic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Naphthenic Acid (High-purity Naphthenic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Naphthenic Acid (Paint and Ink Driers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Naphthenic Acid (Paint and Ink Driers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Naphthenic Acid (Wood Preservatives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Naphthenic Acid (Wood Preservatives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Naphthenic Acid (Fuel and Lubricant Additives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Naphthenic Acid (Fuel and Lubricant Additives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Naphthenic Acid (Rubber Additives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Naphthenic Acid (Rubber Additives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Naphthenic Acid (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Naphthenic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Naphthenic Acid (Direct Channel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Naphthenic Acid (Direct Channel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Naphthenic Acid (Distributor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Naphthenic Acid (Distributor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Naphthenic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Naphthenic Acid Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Naphthenic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Naphthenic Acid Industry: SWOT Analysis
Figure 76: Global: Naphthenic Acid Industry: Value Chain Analysis
Figure 77: Global: Naphthenic Acid Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Naphthenic Acid Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Naphthenic Acid Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Naphthenic Acid Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Naphthenic Acid Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 5: Global: Naphthenic Acid Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Naphthenic Acid Market: Competitive Structure
Table 7: Global: Naphthenic Acid Market: Key Players


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