Sodium Naphthalene Sulphonate Formaldehyde Market Customer Research, Mega Trends, Drive Growth – Analysis By 2028
Market Scope
MRFR
(Market Research Future) believes that the sodium naphthalene sulfonate
formaldehyde market can capture a striking growth rate from 2020 to 2027
(evaluation period).
Market Boosters and Restraints
Sodium
naphthalene sulfonate formaldehyde is generally utilized as a raw material for anti-freezing
agents, retarders, and compound accelerators, in a variety of construction applications.
The chemical’s significant purity level renders cement with properties such as high
range water reducing, more strengthening and low foaming. Additionally, it boosts
the cement’s workability and mobility. Apart from this, sodium naphthalene
sulfonate formaldehyde is known for its excellent solubility in diethylene
glycol, ethylene glycol, water and glycerol.
Sample
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Heightened
demand for the chemical in textile, construction, paper, oil, and plastics
industries should be favorable for the global market. Majority of the companies
are focused on technical integration during the value chain, which will amplify
the competition in the global industry. Rising deployment of the latest technologies
such as drones, Internet of Things (IOT), robotics, blockchain, artificial
intelligence and cloud computing should improve the overall manufacturing
process. The use of these technologies has increased majorly for bolstering the
safety level, fostering efficiency as well as reliability and facilitating
accurate monitoring across the supply chain.
Opportunities
Sodium
naphthalene sulphonate formaldehyde market finds several attractive
opportunities in Asia Pacific, by virtue of the significant growth of the
construction industry in the region. The construction industry in the region is
pushed by the government’s focus on spending considerably on residential
housing as well as public infrastructure. The residential construction sector
in the market stands to benefit from the government-led initiatives to build residences
for middle-and low-income population via its programs. The surge in the urbanization
rate has been equally favorable. India has a rapidly growing construction
industry that presents a host of investment opportunities to the global
players, as the country is inclining towards infrastructure upgradation, smart
city development and improvement in transportation routes. This scenario should
be quite opportune for the sodium naphthalene sulphonate formaldehyde market in
the future, considering that the demand is expected to mount significantly in
the region.
Segmental
Analysis
Sodium
naphthalene sulphonate formaldehyde industry has been primarily categorized
into form, application as well as end users.
The
main forms in which sodium naphthalene sulphonate formaldehydes are generally
available in the market are powder and liquid. powder. The powder form notes higher demand
compared to the liquid form, especially in the construction sector. Powder form
of sodium naphthalene sulphonate formaldehydes has highly solubility in water. The
powder form in the construction industry is used for preparing pumpable and free-flowing
concrete mixtures.
Sodium
naphthalene sulphonate formaldehydes’ major applications are wetting agent, water
reducer, oil rigging, dispersing agent, dying, and many more. The chemical is an extremely effective
water reducer, as it helps improve the strength of the mortar and concrete.
The
top market end users identified in the MRFR report are textile, agriculture,
oil, construction, paper, plastics & rubber, and others. In the
construction sector, sodium naphthalene sulphonate formaldehyde is used extensively
in bridges, highways, hydroelectric projects, tunnels, quays, ports, skyscrapers,
high range concrete and industrial civil buildings. Given the rapid expansion
of the construction industry worldwide, the resultant demand has also increased
at a fast pace and will foster business growth in the following years.
Regional Outlook
The
sodium naphthalene sulphonate formaldehyde industry has been regionally distributed
into Europe, Asia Pacific (APAC), North America as well as the rest of the
world (RoW).
With
the biggest share in the global market for sodium naphthalene sulphonate
formaldehyde, APAC will continue to lead in the next several years thanks to
the rising product use in the construction sector, mostly in China and India. Escalating
demand for construction, plastic, agriculture, and several other sectors in China,
Japan, India, South Korea, and Taiwan has enhanced the use of sodium
naphthalene sulphonate formaldehyde and will ensure that the APAC market
maintain its winning streak during the analysis period. China is experiencing
striking growth in the region, considering the heightened demand from the textile
sector due to lifestyle changes and the exploding urban population.
The
North American market benefits from the surging uptake of sodium naphthalene
sulfonate formaldehydes by various sectors including plastics & rubber, agriculture,
construction, paper, oil, textile, to mention a few. Niche industrial applications
like wetting agent, oil rigging, water reducer, dispersing agent and dying are
also increasing rapidly and can mean favorable prospects for the regional
market in the ensuing years.
Europe
has advanced rapidly and has emerged as a highly lucrative market. It is one of
the key consumers of sodium naphthalene sulfonate formaldehydes, given its
rising consumption in fabric manufacturing, paper manufacturing, paper
manufacturing and farming.
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