Beta Napthol Market for Manufacturing of dyes, pigments and antiseptics
Transparency Market Research has released a new market report entitled “Beta Napthol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”.
Transparency Market Research has released a new market report entitled “Beta Napthol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”.
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Transparency <strong>Market</strong> Research<br />
<strong>Beta</strong> <strong>Napthol</strong> <strong>Market</strong> - Global Industry<br />
Analysis, Size, Share, Growth, Trends<br />
<strong>and</strong> Forecast 2015 - 2023<br />
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REPORT DESCRIPTION<br />
<strong>Beta</strong> napthol, which is also commonly known, as 2-napthol is a colorless, fluorescent, crystalline solid compound. <strong>Beta</strong><br />
napthol is soluble in a range <strong>of</strong> solvents including, diethyl ether, chloro<strong>for</strong>m, benzene, short alcohols <strong>and</strong> acetone.<br />
However, it is scarcely soluble in water. Chemical properties <strong>of</strong> beta napthol are comparable to phenol, <strong>and</strong> it also<br />
extrudes a mildly phenolic odor. <strong>Beta</strong> napthol has a lot <strong>of</strong> industrial applications, where manufacturing <strong>of</strong> <strong>dyes</strong> <strong>and</strong><br />
<strong>pigments</strong> are <strong>of</strong> <strong>for</strong>emost importance. <strong>Beta</strong> napthol is also used to manufacture fragrances <strong>and</strong> as an intermediate<br />
chemical <strong>for</strong> the production <strong>of</strong> compounds such as 2-hydroxynaphthalene-3-carbonic acid, 2-phenylnaphthylamine <strong>and</strong> 2-<br />
naphthylamine. <strong>Beta</strong> napthol is also widely used to manufacture 1,1’- binapthol (binol), which is extensively used in<br />
asymmetric synthesis <strong>of</strong> reductions, epoxidations <strong>and</strong> rearrangements.<br />
<strong>Beta</strong> napthol is produced in high volume <strong>and</strong> the market has exhibited steady growth over the years owing to the rise in<br />
dem<strong>and</strong> from end use industries. The main application <strong>of</strong> beta napthol is in the manufacturing <strong>of</strong> azo <strong>dyes</strong>, <strong>pigments</strong>,<br />
tanning agents, <strong>antiseptics</strong>, antioxidants <strong>and</strong> fluorescent whiteners. The lion’s share <strong>of</strong> the dem<strong>and</strong> <strong>for</strong> beta napthol is<br />
derived from pigment <strong>and</strong> dye manufacturing industries where it is used as an intermediate chemical. Azo <strong>dyes</strong> are<br />
extensively used in textile dyeing.<br />
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The <strong>pigments</strong> manufactured from beta napthol find high dem<strong>and</strong> from the pharmaceutical manufacturing application. High<br />
dem<strong>and</strong> growth from the end use industries augments the market <strong>for</strong> beta napthol on a global level. <strong>Beta</strong> napthols<br />
application as a precursor chemical <strong>for</strong> the manufacturing <strong>of</strong> binol, is another important driver <strong>for</strong> the market. Binols <strong>and</strong><br />
its derivatives are one <strong>of</strong> the most widely used classes <strong>of</strong> lig<strong>and</strong>s in molecular rearrangements, asymmetric synthesis <strong>and</strong><br />
epoxidations. Dem<strong>and</strong> <strong>for</strong> beta napthol from this application constitute considerable market share.<br />
However, the global market <strong>for</strong> beta napthol is restrained by low production compared to market dem<strong>and</strong>. The dem<strong>and</strong><br />
supply gap has caused the prices to shoot up in the recent times. Moreover, the global market is largely dependent <strong>of</strong><br />
suppliers from Asia Pacific region, which make it vulnerable to price fluctuations <strong>and</strong> supply chain uncertainty. <strong>Beta</strong><br />
napthol also posess environmental concerns <strong>and</strong> proper precautionary measures are required <strong>for</strong> the production plants.
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<strong>Beta</strong> napthol has good future prospects as acceptance <strong>and</strong> dem<strong>and</strong> <strong>for</strong> the material has exhibited significant rise over the<br />
past decade. <strong>Beta</strong> napthol’s use as an antiseptic is niche at present, <strong>and</strong> hold good future promise. Application <strong>of</strong> beta<br />
napthol in the manufacturing f fragrances is another important opportunity <strong>for</strong> the market. The growing rubber industry is<br />
also expected to account <strong>for</strong> considerable dem<strong>and</strong> <strong>for</strong> beta naphol as it exhibits good capability as antioxidant <strong>for</strong> rubber<br />
<strong>and</strong> turpentine.<br />
Asia Pacific accounts <strong>for</strong> the highest dem<strong>and</strong> <strong>for</strong> beta napthol, followed by North America <strong>and</strong> Europe. Asia Pacific region<br />
is also estimated to grow at the fastest pace in the near future owing to the presence <strong>of</strong> several manufacturing economies<br />
with a range <strong>of</strong> product manufacturing capability. China is by far the largest manufacturer <strong>and</strong> exporter <strong>of</strong> beta napthol in<br />
the world. However, the production capacity in China depleted considerably owing to the closure <strong>of</strong> two <strong>of</strong> its largest<br />
manufacturing capacities in the recent past. This development in China has led to inflated price <strong>of</strong> beta napthol.<br />
Some <strong>of</strong> the major companies involved in the beta napthol market are JSC Volzhsky Orgsynthese, Sun Chemical <strong>and</strong><br />
China Overseas Science & Trade Co., Ltd among many others.<br />
This research report analyzes this market on the basis <strong>of</strong> its market segments, major geographies, <strong>and</strong> current market<br />
trends. Geographies analyzed under this research report include<br />
<br />
<br />
<br />
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North America<br />
Asia Pacific<br />
Europe<br />
Rest <strong>of</strong> the World<br />
This report provides comprehensive analysis <strong>of</strong><br />
<br />
<br />
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<strong>Market</strong> growth drivers<br />
Factors limiting market growth<br />
Current market trends
<strong>Market</strong> structure<br />
<strong>Market</strong> projections <strong>for</strong> upcoming years<br />
This report is a complete study <strong>of</strong> current trends in the market, industry growth drivers, <strong>and</strong> restraints. It provides market<br />
projections <strong>for</strong> the coming years. It includes analysis <strong>of</strong> recent developments in technology, Porter’s five <strong>for</strong>ce model<br />
analysis <strong>and</strong> detailed pr<strong>of</strong>iles <strong>of</strong> top industry players. The report also includes a review <strong>of</strong> micro <strong>and</strong> macro factors<br />
essential <strong>for</strong> the existing market players <strong>and</strong> new entrants along with detailed value chain analysis.<br />
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This report provides pin-point analysis <strong>for</strong> changing competitive dynamics<br />
It provides a <strong>for</strong>ward looking perspective on different factors driving or restraining market growth<br />
It provides a six-year <strong>for</strong>ecast assessed on the basis <strong>of</strong> how the market is predicted to grow<br />
It helps in underst<strong>and</strong>ing the key product segments <strong>and</strong> their future<br />
It provides pin point analysis <strong>of</strong> changing competition dynamics <strong>and</strong> keeps you ahead <strong>of</strong> competitors<br />
It helps in making in<strong>for</strong>med business decisions by having complete insights <strong>of</strong> market <strong>and</strong> by making in-depth<br />
analysis <strong>of</strong> market segments<br />
It provides distinctive graphics <strong>and</strong> exemplified SWOT analysis <strong>of</strong> major market segments<br />
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