2-Hydroxy-3-naphthoic Acid Market Analysis: CAGR of 5.2% Predicted Between 2025–2032
2-hydroxy-3-naphthoic Acid market is demonstrating consistent growth as a key chemical intermediate, with its valuation reaching US$ 156.7 million in 2024 . According to latest industry projections, demand is expected to grow at a 5.2% CAGR , potentially reaching US$ 212.3 million by 2030 . This organic compound plays a crucial role in dye synthesis and pharmaceutical manufacturing, with increasing adoption across multiple industrial sectors. 2-hydroxy-3-naphthoic Acid serves as a critical building block for naphthol derivatives and pigment intermediates. Its chemical properties make it indispensable for colorant production, particularly in textile dyes and specialty coatings. The market is witnessing sustained demand despite raw material price fluctuations, with manufacturers focusing on process optimization and purity enhancement. Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/281895/global-hydroxynaphthoic-acid-market-2024-10 Market Overview ...