Market Highlights:
The refined naphthenic acid market has high growth prospects on account of increasing demand from the end-user industries including paint driers, wood preservatives, fuel and lubricant additives, rubber additives, and others. Moreover growing chemical industry globally and rising demand from the developing economies expected to fuel the market growth during the forecasted period. The market study is being classified by Type (High-purity Naphthenic Acid and Low-purity Naphthenic Acid), by Application (Paint Driers, Wood Preservatives, Fuel and Lubricant Additives, Rubber Additives and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Refined Naphthenic Acids are Merichem (United States), Umicore (Belgium), Zhangming (China), Midas Chemical Company Limited (China), Shanghai Changfeng Chemical Industrial Factory (China) and Shenyang Zhang Ming Chemical Co., Ltd. (China).

The Sales Channel, such as Direct, is boosting the Refined Naphthenic Acids market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

Major Market Development Highlights
In January 2020 Corporate restructuring by way of the Merger of two Umicore entities in India viz., Umicore Anandeya India Private Limited (Transferor Company) and Umicore Autocat India Private Limited (Transferee Company) is in process. As required in Indian Law, the Scheme of the merger was filed with National Company Law Tribunal (NCLT) to seek its approval for the proposed scheme of Merger.
In July 2022 Umicore announced its plans to construct a manufacturing facility for cathode active battery materials (CAM) and their precursor materials (pCAM) in Ontario, Canada. For Umicore, this investment represents the final step in establishing a truly global production presence with battery material value chains that are regionally fully integrated to support its customers in their fast transformation towards sustainable electric mobility.

Key Questions Answered in the Report
What will the Refined Naphthenic Acids Market size and the growth rate be in Future?
What are the key factors driving the Refined Naphthenic Acids Market?
What are the key market trends and macro-economic impacting the growth of the Refined Naphthenic Acids Market?
What are the challenges to market growth?
Who are the key vendors in the Refined Naphthenic Acids Market?
What are the market opportunities and threats faced by the vendors in the Refined Naphthenic Acids Market?
Trending factors influencing the market shares of the Vendors.
What are the key outcomes of the five forces analysis of the Refined Naphthenic Acids Market?

Refer complete Table of Content of Refined Naphthenic Acids Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Refined Naphthenic Acids market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Refined Naphthenic Acids market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Refined Naphthenic Acids Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.