Sodium Naphthalene Sulphonate Formaldehyde Market size to grow by USD 276.09 million from 2021 to 2026, Driven by the high efficacy of SNF - Technavio

NEW YORK, April 5, 2023 /PRNewswire/ -- The global sodium naphthalene sulphonate formaldehyde market size is estimated to grow by USD 276.09 million from 2022 to 2026, according to Technavio. The growth momentum of the market is estimated to decelerate at a CAGR of 3.59% during the forecast period. The high efficacy of SNF is one of the major factors driving the sodium naphthalene sulphonate formaldehyde market size growth. It is a highly effective water-reducing agent, which promotes rapid early development and strength in concrete and mortar. SNF is adaptable to a wide range of cement and is not corrosive to reinforcing bars. In addition, it is nonpoisonous and pollution-free and is used in highways, bridges, tunnels, and others. These factors will drive the growth of the market focus during the forecast period. For more insights on the forecast market size (2022 to 2026) - Request a sample report

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Sodium Naphthalene Sulphonate Formaldehyde Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on form (powder, liquid product) and geography (APAC, North America, Europe, South America, and MEA).

• The market share growth by the powder segment will be significant during the forecast period. SNF powder is a high-range water reducer with no air-entering component. It is suitable for making high-flowing concrete, precast, and reinforced concrete. It is a powerful water-reducing and dispersion agent for concrete and mortar. SNF is widely used to create building chemicals such as concrete and mortar and comes in the form of a brown powder. The powder is in high demand and is the major contributor to the growth of the market in focus due to its rising demand in agriculture, plastic, and other industries, along with its usage in the construction industry. 

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global sodium naphthalene sulphonate formaldehyde market.

• APAC is estimated to account for 64% of the global sodium naphthalene sulphonate formaldehyde market during the forecast period. China and India are the key markets for sodium naphthalene sulphonate formaldehyde in the region. Market growth in this region will be faster than the growth of the market in any other region. The region dominates the SNF market due to its increased use in the construction industry. Moreover, the rising demand in agriculture, construction, plastics, and other industries will propel the SNF segment throughout the forecast period. The rising focus on infrastructural development, rapid industrialization, and the growing automotive industry, especially in developing countries such as China and India, are expected to drive the demand for SNF in the region. 

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Sodium Naphthalene Sulphonate Formaldehyde Market – Vendor Analysis

While the disruption threats are strategic in nature, the operational risks for suppliers have been mapped based on their negative business impact and their probability of occurrence. Agrosyn, Carbosynth Ltd., Himadri Speciality Chemical Ltd., JFE Holdings Inc., Kao Corp., Kashyap Industries, MUHU China Construction Materials Co. Ltd., Palmer Holland, Sure Chemical Co. Ltd. Shijiazhuang, and Wuhan Xinyingda Chemicals Co. Ltd. are some of the major vendors in the market.

Sodium Naphthalene Sulphonate Formaldehyde Market – Market Dynamics

Major challenges hindering the market growth

• Stringent regulations on formaldehyde emissions are a key factor hindering the sodium naphthalene sulphonate formaldehyde market growth.
• Manufacturers face varying consequences in case of failure to follow the implemented regulations and limitations. 
• The International Agency for Research on Cancer classifies formaldehyde as a Group 1 known human carcinogen. 
• The US Department of Housing and Urban Development (HUD) has placed limits on formaldehyde emissions from non-structural plywood and particleboards used in manufactured housing applications. 
• The Occupational Safety and Health Administration (OSHA) Formaldehyde Standard (29 CFR 1910.1048) stated following the limitations for formaldehyde in workplaces and the permissible exposure limit (PEL) for formaldehyde in the workplace is 0.75 ppm, measured as an 8-hour time-weighted average (TWA).

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What are the key data covered in this Sodium Naphthalene Sulphonate Formaldehyde Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the sodium naphthalene sulphonate formaldehyde market between 2022 and 2026
• Precise estimation of the size of the sodium naphthalene sulphonate formaldehyde market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the sodium naphthalene sulphonate formaldehyde market across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of sodium naphthalene sulphonate formaldehyde market vendors

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Table of Contents   

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Form

• Market segments
• Comparison by Form
• Powder - Market size and forecast 2021-2026
• Liquid - Market size and forecast 2021-2026
• Market opportunity by Form

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2021-2026
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Agrosyn
• Carbosynth Ltd.
• Himadri Speciality Chemical Ltd.
• JFE Holdings Inc.
• Kao Corp.
• Kashyap Industries
• MUHU China Construction Materials Co. Ltd.
• Palmer Holland
• Sure Chemical Co. Ltd. Shijiazhuang
• Wuhan Xinyingda Chemicals Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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