Purified 2, 6-Naphthalene Dicarboxylic Acid by Type (Overview: Global Purified 2, 6-Naphthalene Dicarboxylic Acid Consumption Value, More than 99%, Below 99%), by Application (Overview: Global Purified 2, 6-Naphthalene Dicarboxylic Acid Consumption Value, PEN, PBN), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global Purified 2,6-Naphthalene Dicarboxylic Acid market size was valued at USD 100.8 million in 2022 and is projected to reach USD 142.8 million by 2030, exhibiting a CAGR of 3.5% during the forecast period. The primary driver for this growth is the increasing demand for Purified 2,6-Naphthalene Dicarboxylic Acid in various applications, such as in the production of polyesters, coatings, and adhesives. The market is segmented by type, with more than 99% purity accounting for the largest share, and below 99% purity accounting for the remaining share.
In terms of application, PEN (Polyethylene Naphthalate) holds the largest market share, followed by PBN (Polybutylene Naphthalate). Regionally, Asia Pacific is the largest market for Purified 2,6-Naphthalene Dicarboxylic Acid, followed by North America and Europe. China is the major country in the Asia Pacific region, accounting for a significant share of the global market. The market is dominated by a few major players, including Indorama Ventures, Solvay (Amoco Chemicals), and Mitsubishi Gas Chemical. These companies have a strong presence in the global market and offer a wide range of Purified 2,6-Naphthalene Dicarboxylic Acid products.
The global purified 2,6-naphthalene dicarboxylic acid (NDA) market is projected to grow from USD 300 million in 2021 to USD 500 million by 2028, at a CAGR of 7.5%. The growth of the market is attributed to the increasing demand from the packaging industry, particularly for the production of polyethylene naphthalate (PEN) and polybutylene naphthalate (PBN).
PEN and PBN are high-performance plastics that offer excellent properties such as high strength, stiffness, and transparency. They are used in a wide range of applications, including food and beverage packaging, automotive parts, and electronic devices. The growing demand for these plastics is expected to drive the growth of the NDA market in the coming years.
The key factors driving the growth of the purified 2,6-naphthalene dicarboxylic acid market include:
Despite the growth potential, the purified 2,6-naphthalene dicarboxylic acid market faces a number of challenges, including:
The Asia-Pacific region is expected to dominate the global purified 2,6-naphthalene dicarboxylic acid market throughout the forecast period. The region is home to a large number of packaging manufacturers and end-use industries. China is the largest market for NDA in the region, followed by India and Japan.
In terms of segment, the more than 99% grade is expected to account for the largest share of the global market. The high-purity grade is used in the production of high-performance plastics, such as PEN and PBN.
The growth of the purified 2,6-naphthalene dicarboxylic acid industry is expected to be driven by a number of factors, including:
The leading players in the global purified 2,6-naphthalene dicarboxylic acid market include:
Some of the significant developments in the purified 2,6-naphthalene dicarboxylic acid sector include:
The comprehensive coverage purified 2,6-naphthalene dicarboxylic acid report includes:
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.5% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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