The Global Industrial Naphthalene Market was valued at USD 1.29 Billion in 2024 and is projected to reach USD 1.88 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2032). This growth is primarily driven by the expanding construction sector, rising demand for phthalic anhydride in plasticizer production, and the increasing adoption of coal-tar based processing technologies which account for over 90% of global supply.

As the chemical industry evolves toward more efficient and sustainable production methods, the focus shifts to the key producers driving innovation and market growth. In this blog, we profile the Top 10 Companies in the Industrial Naphthalene Industry—a combination of established chemical giants, specialized processors, and regional leaders shaping the future of this essential chemical intermediate.

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🔟 1. Baowu Carbon Material

Headquarters: Shanghai, China
Key Offering: Coal-Tar based Naphthalene, Refined Naphthalene, Phthalic Anhydride

Baowu Carbon Material, a subsidiary of the world’s largest steel producer China Baowu Steel Group, is the global leader in industrial naphthalene production. Leveraging its parent company’s extensive steel operations, Baowu has unparalleled access to coal tar feedstock, positioning it as a cost-competitive producer with significant market influence across Asia and beyond.

Strategic Initiatives:

• Vertical integration with steel production for stable raw material supply

• Continuous expansion of refining capacities to meet growing phthalic anhydride demand

• Investment in purification technologies for high-purity naphthalene applications

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9️⃣ 2. Rain Industries Limited

Headquarters: Hyderabad, India
Key Offering: Coal Tar Pitch, Naphthalene, Carbon Black

Rain Industries has established itself as a major global player through strategic acquisitions and vertical integration. The company’s 2022 acquisition of a coking plant in Germany significantly strengthened its European footprint, enabling it to serve diverse markets including construction chemicals, aluminum smelting, and carbon black production.

Strategic Initiatives:

• Global expansion through strategic acquisitions in Europe and North America

• Focus on high-value naphthalene derivatives for specialized applications

• Sustainable production practices and emissions control technology implementation

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8️⃣ 3. JFE Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Naphthalene, Naphthalene Sulfonates, Carbon Materials

JFE Chemical Corporation, part of the JFE Steel Group, specializes in high-purity naphthalene production for demanding applications in electronics and specialty chemicals. The company’s advanced purification technologies enable it to serve premium market segments where purity levels exceeding 99.9% are required.

Strategic Initiatives:

• Development of超高纯品 naphthalene for electronics and pharmaceutical applications

• Strategic partnerships with downstream chemical manufacturers

• Focus on environmentally compliant production processes

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7️⃣ 4. Nippon Steel Chemical & Material Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Naphthalene Derivatives, Carbon Fiber, Functional Chemicals

Nippon Steel Chemical & Material leverages its position within the Nippon Steel Group to maintain a strong presence in the Asian naphthalene market. The company focuses on value-added derivatives, particularly naphthalene sulfonates used in concrete superplasticizers, which are essential for modern construction applications.

Strategic Initiatives:

• Expansion of naphthalene sulfonate production capacity

• Development of specialty chemicals for construction and automotive sectors

• Investment in R&D for new application development

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6️⃣ 5. OCI Company Ltd.

Headquarters: Seoul, South Korea
Key Offering: Naphthalene, Phthalic Anhydride, Fine Chemicals

OCI Company has established a significant presence in the Asian naphthalene market through its integrated chemical operations. The company’s focus on downstream integration allows it to capture value across the naphthalene value chain, from basic production to high-value chemical intermediates.

Strategic Initiatives:

• Vertical integration into phthalic anhydride and plasticizer production

• Expansion of chemical intermediates portfolio

• Strategic positioning in emerging Asian markets

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Industrial Naphthalene Market – View in Detailed Research Report

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5️⃣ 6. Koppers Holdings Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Carbon Compounds, Naphthalene, Wood Treatment Products

Koppers is a leading integrated producer of carbon compounds and naphthalene in North America. The company’s 2023 commissioning of a 50,000-ton naphthalene unit in Australia demonstrates its strategic focus on expanding its global footprint, particularly in Southeast Asia’s growing construction market.

Strategic Initiatives:

• Geographic expansion into high-growth Asian markets

• Focus on construction chemicals and wood preservation applications

• Environmental compliance and sustainable operations

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4️⃣ 7. Himadri Speciality Chemical Ltd.

Headquarters: Kolkata, India
Key Offering: Speciality Carbon, Naphthalene, Advanced Carbon Materials

Himadri Speciality Chemical has emerged as India’s leading naphthalene producer, capitalizing on the country’s booming construction sector. The company’s focus on specialty applications, including lithium-ion battery anode materials, positions it for growth in both traditional and emerging markets.

Strategic Initiatives:

• Diversification into advanced carbon materials for energy storage

• Capacity expansion to meet domestic construction chemical demand

• Development of sustainable production technologies

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3️⃣ 8. Shanxi Hongte Coal Chemical

Headquarters: Shanxi, China
Key Offering: Coal Chemical Products, Naphthalene, Aromatic Compounds

As a major player in China’s coal-rich Shanxi province, Shanxi Hongte benefits from proximity to abundant raw materials. The company serves both domestic and export markets, with a particular focus on supplying the growing phthalic anhydride industry in Asia.

Strategic Initiatives:

• Expansion of coal chemical production capacities

• Focus on cost optimization through process improvements

• Development of export markets for naphthalene and derivatives

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2️⃣ 9. China Risun Coal Chemicals Holding Limited

Headquarters: Beijing, China
Key Offering: Coke, Naphthalene, Coal Tar Derivatives

China Risun operates integrated coal chemical facilities that produce naphthalene as a byproduct of coke production. The company’s strategy focuses on maximizing value from coal tar distillation, with naphthalene representing a significant revenue stream alongside other coal tar derivatives.

Strategic Initiatives:

• Optimization of coal tar distillation processes

• Expansion of downstream chemical operations

• Focus on environmental compliance and emission controls

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1️⃣ 10. Deza a.s.

Headquarters: Valašské Meziříčí, Czech Republic
Key Offering: Aromatic Hydrocarbons, Naphthalene, Phthalic Anhydride

Deza is a key European producer of naphthalene and phthalic anhydride, serving markets across the EU and Eastern Europe. The company’s strategic location and technical expertise make it an important supplier to the European construction and chemical industries.

Strategic Initiatives:

• Compliance with stringent EU environmental regulations

• Development of specialty naphthalene derivatives

• Strategic partnerships with European chemical manufacturers

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Industrial Naphthalene Market – View in Detailed Research Report

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🌍 Outlook: The Future of Industrial Naphthalene Is Efficient and Sustainable

The industrial naphthalene market is undergoing significant transformation. While coal-tar processing remains dominant, the industry is investing in cleaner production technologies, high-purity applications, and sustainable practices to meet evolving regulatory and market demands.

📈 Key Trends Shaping the Market:

• Increasing demand for high-purity naphthalene in pharmaceutical and electronic applications

• Expansion of construction activities driving naphthalene sulfonate consumption

• Technological advancements in coal tar processing and purification

• Growing emphasis on environmental compliance and sustainable production methods

Get Full Report Here:
Industrial Naphthalene Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemical intermediates—they’re driving the technological advancement of global chemical manufacturing.