2,6-Dimethylnaphthalene Market - Forecast(2023 - 2028)

Report Code: CMR 45152 Report Format: PDF + Excel

2,6-Dimethylnaphthalene Market Overview

The 2,6-Dimethylnaphthalene Market size is forecasted to reach a value of US$1.1 billion by the end of 2027 after growing at a CAGR of 3.7% during the forecast period 2022-2027. 2,6-Dimethylnaphthalene (DMN) is a polycyclic aromatic hydrocarbon that is naturally available in water bodies and can be determined by gas chromatography. It is derived from naphthalene with the addition of two methyl groups and it is one of the ten isomers of Dimethylnaphthalene. It is considered a key intermediate compound in the production of polyethylene naphthalate. Different zeolites such as SAPO-11, HUSY and HZSM-5 are utilized during the manufacturing of 2,6-Dimethylnaphthalene. Among all the zeolites, SAPO-11 provides superior stability and shape-selectivity while producing 2,6-DNM from methylation of naphthalene. Polyethylene naphthalene exhibits superior properties as compared to polyethylene terephthalate.

COVID-19 Impact

Many industries across the globe have faced several challenges due to the COVID-19 pandemic. Several industries such as electrical and electronics, plastic, food, aviation and many others have experienced pitfalls. Many projects in such industries have been halted due to an interrupted supply chain and employee shortages amidst the lockdowns. Also, the production and demand in the electronics industry have declined due to an interrupted supply chain and cessation in transportation. According to the Japan Electronics and Information Technology Industries Association, the global production by Japanese electronics companies declined by 5% in 2020. Thus, the global pause in industrial production and distribution and the demand and consumption of 2,6-Dimethylnaphthalene has been hampered to an extent across several industries. Also, a decrease in the output of the electronics industry hindered the market growth during the pandemic.

Report Coverage

The “2,6-Dimethylnaphthalene Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the 2,6-Dimethylnaphthalene industry.

By Purity: Below 95%, 95% and Above 95%.
By Application: Food Containers, Insulation Material, Electronic Components, Aviation, Polyethylene Naphthalate Films and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

  • Asia-Pacific is the dominating region in the global 2,6-Dimethylnaphthalene Market. This growth is mainly attributed to the increased demand for 2,6-Dimethylnaphthalene in polyethylene naphthalate production.
  • The significant growth in the packaging industry is driving the global 2,6-Dimethylnaphthalene Market growth.
  • 2,6-Dimethylnaphthalene plays an important role in several applications such as aviation, insulation material and electrical component which is expected to significantly boost the global 2,6-Dimethylnaphthalene Market growth.

Figure: Asia Pacific 2,6-Dimethylnaphthalene Market Revenue, 2021-2027 (US$ Billion)
2,6-Dimethylnaphthalene Market
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2,6-Dimethylnaphthalene Market Segment Analysis – by Application

The polyethylene naphthalate films segment held the largest 2,6-Dimethylnaphthalene Market share (27%) in 2021. 2,6-Dimethylnaphthalene is considered one of the most suitable raw materials for the production of polyethylene naphthalene dicarboxylate which is a commercially valuable polymer. It is used as a functional polymer in a wide range of applications owing to its superior thermal and chemical stability, beneficial mechanical properties and gas barrier properties. It is further used in the formation of polyethylene naphthalate films. According to Plastic Europe, in 2021, the global production of plastic accounted for 367 million tons. Thus, an increase in global production of plastic provides the growth opportunity for polyethylene naphthalene, further boosting the market for 2,6-Dimethylnaphthalene.

2,6-Dimethylnaphthalene Market Segment Analysis – by Geography

Asia-Pacific held the largest 2,6-Dimethylnaphthalene Market share (35%) in 2021. This growth is mainly attributed to the increase in demand for 2,6-Dimethylnaphthalene in several applications such as electronic components, polyethylene naphthalate films, aviation and packaging among many others. The presence of various developing countries such as China, India, Indonesia, Malaysia and others is supporting the growth of the market. According to Plastic Europe, China accounted for 32% of the world's plastic production. Also, Future Agenda stated that according to The International Air Transport Association, the global number of passenger departures each year would reach $16 billion by 2050. Thus, the growth in plastic production and the aviation industry is fueling the demand for 2,6-Dimethylnaphthalene.

2,6-Dimethylnaphthalene Market Driver

Surge in Plastic Production and Significant Growth in Packaging Industry

Over the years, the packaging industry has evolved with the adoption of developed technologies, green practices and sustainable production across the globe. 2,6-Dimethylnaphthalene is used extensively in the production of polyethylene naphthalate (PEN) polymers and is remarkably utilized as a substitute for polyethylene terephthalate (PET). Environment regulation related to the use of sustainable material for packaging has further boosted the demand for 2,6-Dimethylnaphthalene in packaging. It is utilized as a packaging material for food packaging, specifically beverage packaging, such as beer and juice. Moreover, there is an increased production of plastic owing to the high demand from several end-use industries. According to the "Our World in Data" publication, on annual basis, the world produces more than 380 million tonnes of plastic every year. Thus, the increase in the production of plastic and growth in the packaging industry is boosting the growth of the global 2,6-Dimethylnaphthalene Market.

2,6-Dimethylnaphthalene Market Challenge

High-cost Requirement in the Production of 2,6-Dimethylnaphthalene

2,6-Dimethylnaphthalene is mainly used in the production of polyethylene naphthalate (PEN) polymer which is further used in a range of applications. It is referred to as a costly intermediate for the production of PEN through 2,6-naphthalene dicarboxylic acid monomer. Currently, 2,6-Dimethylnaphthalene is formulated through a four-step process from butadiene and o-xylene. However, this process is considered a bit complex. The starting agents are environmentally harmful, complicated and expensive. Thus, the expensive manufacturing process of 2,6-Dimethylnaphthalene is hampering the growth of the global market.

2,6-Dimethylnaphthalene Industry Outlook

The top 10 companies in the 2,6-Dimethylnaphthalene Market are -

  1. BP Amoco
  2. Maya High Purity Chemicals
  3. Chengdu XiYa Chemical Technology
  4. Mainchem Co. Ltd.
  5. Hangzhou Yuhao Chemical Technology
  6. ExxonMobil
  7. Optatech
  8. Chevron
  9. J&K Scientific Ltd.
  10. BOC Sciences

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1. 2,6-Dimethylnaphthalene Market - Market Overview
    1.1 Definitions and Scope
2. 2,6-Dimethylnaphthalene Market - Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Application 
    2.3 Key Trends by Geography
3. 2,6-Dimethylnaphthalene Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. 2,6-Dimethylnaphthalene Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. 2,6-Dimethylnaphthalene Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. 2,6-Dimethylnaphthalene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. 2,6-Dimethylnaphthalene Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. 2,6-Dimethylnaphthalene Market – by Purity (Market Size - $Million/Billion)
    8.1 Below 95%
    8.2 95%
    8.3 Above 95%
9. 2,6-Dimethylnaphthalene Market – by Application (Market Size - $Million/Billion)
    9.1 Food Containers
    9.2 Insulation Material
    9.3 Electronic Components
    9.4 Aviation
    9.5 Polyethylene Naphthalate Films
    9.6 Others 
10. 2,6-Dimethylnaphthalene Market - by Geography (Market Size - $Million/Billion)
    10.1 North America
        10.1.1 The USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 The UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 The Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 The Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zeeland
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 The Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 The Rest of South America
    10.5 The Rest of the World
        10.5.1 The Middle East
        10.5.2 Africa
11. 2,6-Dimethylnaphthalene Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. 2,6-Dimethylnaphthalene Market – Industry/Competition Segment Analysis Premium
    12.1 Company Benchmarking Matrix – Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
13. 2,6-Dimethylnaphthalene Market – Key Company List by Country Premium Premium
14. 2,6-Dimethylnaphthalene Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

LIST OF FIGURES

1.US 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
2.Canada 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
3.Mexico 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
4.Brazil 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
5.Argentina 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
6.Peru 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
7.Colombia 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
8.Chile 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
9.Rest of South America 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
10.UK 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
11.Germany 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
12.France 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
13.Italy 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
14.Spain 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
15.Rest of Europe 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
16.China 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
17.India 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
18.Japan 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
19.South Korea 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
20.South Africa 2,6-Dimethylnaphthalene Market Revenue, 2019-2024 ($M)
21.North America 2,6-Dimethylnaphthalene By Application
22.South America 2,6-Dimethylnaphthalene By Application
23.Europe 2,6-Dimethylnaphthalene By Application
24.APAC 2,6-Dimethylnaphthalene By Application
25.MENA 2,6-Dimethylnaphthalene By Application