Research Nester published a report titled “Sulphonated Naphthalene Formaldehyde (SNF) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global sulphonated naphthalene formaldehyde (SNF) market in terms of market segmentation by type, application, end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global sulphonated naphthalene formaldehyde (SNF) market is estimated to witness growth at a robust CAGR over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of end-use industry into plastics & rubber, paper, construction, textile, and others. Among these, the construction segment is estimated to gain the noteworthy market share over the forecast period, owing to the increasing construction activities across the globe, backed by the growing urban population. As per the data by the World Bank, 56.156% of the global population lived in urban areas in 2020.
The global sulphonated naphthalene formaldehyde (SNF) market is anticipated to grow on the back of various applications of SNF, such as, water reduction in concrete, and dispersing agent in dyeing. Owing to its water reduction properties, sulphonated naphthalene formaldehyde is extensively used in the construction sector, as an additive for concrete. As a result, the growing demand for concrete is estimated to significantly boost the market growth. Moreover, the growing application of SNF in the textile industry is projected to boost the market growth.
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On the basis of geographical analysis, the global sulphonated naphthalene formaldehyde (SNF) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to hold the largest market share over the forecast period owing to the growing construction industry in the region. For instance, the construction industry in China amounted to USD 1,050 billion in 2020. Moreover, the presence of major market players in the region is estimated to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Application in Construction Sector to Propel the Market Growth
Sulphonated naphthalene formaldehyde, commonly known as SNF, is a condensed polymer product, mainly used for water reduction applications in the construction sector. SNF basically increases water reduction in concrete, and even produces concrete with 15% less water content. Such uses of SNF in the construction industry are expected to boost the market growth.
However, poor adaptability among few types of cements, and bleeding and slump loss issues associated with SNF are expected to operate as key restraint to the growth of global sulphonated naphthalene formaldehyde (SNF) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global sulphonated naphthalene formaldehyde (SNF) market which includes company profiling of MUHU Co., Ltd., Chemsons Industrial Corporation, Sure Chemical Co., Ltd., Mangalore Chemicals & Fertilizers Limited, Endeavour Industries, Perry Impex, Trisha Speciality Chemicals Private Limited, Shandong Wanshan Chemical Co. Ltd., Wuhan Xinyingda Chemicals Co., Ltd., and Arihant Dyechem. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global sulphonated naphthalene formaldehyde (SNF) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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