Research Nester’s recent market research analysis on “Sulphonated Naphthalene Formaldehyde (SNF) Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global sulphonated naphthalene formaldehyde (SNF) market in terms of market segmentation by type, application, end-user, and by region.

Growing Prevalence of Chronic Diseases to Promote Global Market Share of Sulphonated Naphthalene Formaldehyde (SNF)

The growing prevalence of sulphonated naphthalene formaldehyde as a concrete additive in the building industry might be attributed to the market's rise. It is commonly used to make free-flowing, pumpable concrete mixtures. It is frequently used in the construction industry. Sulfonate naphthalene formaldehyde can be used as a raw component in the construction sector for anti-freezing intermediaries, compound catalysts, and retarders. In addition, an increase in the chemical industry is likely to drive the sulphonated naphthalene formaldehyde market.

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According to the Bureau of Economic Analysis, the value contributed by chemical products as a proportion of GDP in the United States in 2020 was roughly 1.9%. Furthermore, the World Bank reports that the chemical industry in the United States accounted for 16.43% of manufacturing value-added in 2018. The textile industry is driving up demand for Sulphonate Naphthalene Formaldehyde Market over the predicted period.In 2021, the Indian textile sector's market worth was 223 billion US dollars. This was an increase over the previous year, when India's market capitalization was $150 billion US dollars.

Some of the major growth factors and challenges that are associated with the growth of the global sulphonated naphthalene formaldehyde market are:

Growth Drivers:
 Increasing Demand for SNF for High Tolerance Concrete
 High Demand as a Dispersing Agent in Textile Industry

Challenges:
The availability of alternatives is anticipated to hamper the global market of sulphonated naphthalene formaldehyde. Sulphonated naphthalene formaldehyde is a prevalent superplasticizer in the concrete industry. However, other super plasticizing compounds available on the market are polycarboxylate ether, lignosulphonates, and sulphonated melamine product typealdehyde (SMF). Sodium and calcium lignosulphonate salts, hydroxycarboxylic acids, and carbohydrates are a few instances.

The global sulphonated naphthalene formaldehyde (SNF) market is also segmented and analyzed for demand and supply by type into powder, and liquid. Amongst these segments, the powder segment is expected to garner a significant share of around ~65% in the year 2035. Owing to its greater cost-to-performance, the powder sector commands a substantial market share. This is used in exceedingly large volumes. It outperforms liquid form but is more expensive. SNF powder is in high demand due to its growing application in agriculture, plastics, and other industries, as well as its use in the construction industry, and it is a significant contributor to the market's growth. Construction output is expected to rise by 85% to $15.5 trillion by 2030, with three countries - China, the United States, and India - leading the way and accounting for 57% of total global growth. As an outcome, enormous construction sector development is expected to contribute to segmented expansion over the coming decades.

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By region, the Asia Pacific region is expected to hold the biggest market share throughout the forecast period, as a result to the expanding construction sector in China and other emerging countries. In China, for instance, the construction business anticipates to be worth USD 1,050 billion in 2020. Furthermore, rising demand for homes and workplaces, fueled by rising populations in nations such as India, China, and Japan, is expected to drive market expansion. As a consequence of an increase in the number of international contractors, the Indian government approved and standardized its foreign direct investment (FDI) policy in the construction industry, which is enhancing profitability. The construction industry in India receives the second-highest FDI investment after the service sector.

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 Perry Impex, Trisha Speciality Chemicals Private Limited, Shandong Wanshan Chemical Co. Ltd., Wuhan Xinyingda Chemicals Co., Ltd., MUHU Co., Ltd., Chemsons Industrial Corporation, Sure Chemical Co., Ltd., Mangalore Chemicals & Fertilizers Limited, Endeavour Industries.

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