The 1-naphthol market is an integral branch of the chemicals industry. This industry deals in the manufacturing and distribution of α-naphthol around the world. It is an organic compound that is indicated by a chemical formula of C10H7OH. These naphthols are white in color and insoluble in water. The growing use of 1-naphthol as a tanning agent due to its heat resistance capabilities has positively impacted the market. This market is expected to rise significantly with the growth in the pharmaceutical industry across the world.
The demand for α-naphthol has increased in the textile industry for silk, wool, coloring cotton, and leather, which has propelled the market expansion. Also, the applications of 1-naphthol have grown rapidly in the pharmaceutical sector for manufacturing various drugs such as sertraline, nadolol, atovaquone, antioxidants, antiseptics, and some others, which is significant for industrial expansion. Moreover, the growing use of these compounds in manufacturing insecticides, along with increased application of reagent grade 1-naphthol, is expected to drive the growth of the 1-naphthol market. The advancements in azo dye manufacturing techniques along with growing adoption of 1-naphthol in biological monitoring is expected to create ample growth opportunities for the market players in the future.
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Published by Saurabh Bidwai
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