Vietnam Naphtha Market Report by Application (Petrochemical Feedstock, Gasoline Blending, and Others), and Region 2024-2032

Vietnam Naphtha Market Report by Application (Petrochemical Feedstock, Gasoline Blending, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A19800
Buy Now

Market Overview:

Vietnam naphtha market size is projected to exhibit a growth rate (CAGR) of 4.30% during 2024-2032. The growing product utilization as a feedstock in the manufacturing of plastics and polymers, increasing product demand in the petrochemical industry, expanding automotive industry in Vietnam, and the establishment of new refinery projects represent some of the key factors driving the market.

Report Attribute
Key Statistics
Base Year
Forecast Years
Historical Years
Market Growth Rate (2024-2032) 4.30%

Naphtha refers to a clear or yellow-colored liquid hydrocarbon with a distinct odor. It is a mixture composed of alkanes, cycloalkanes, and aromatics. It is commercially produced from the fractional distillation of petroleum or coal tar, where it is separated based on boiling points. It exhibits various properties, such as high flammability, volatility, broad boiling point, and varying density. Naphtha is widely used in high-octane gasoline production, ethylene and propylene synthesis, paint thinners, metal cleaning and degreasing, shoe polish, fuel for camping stoves, the rubber industry, and waterproofing. It is known for its high calorific value, efficiency as a solvent, role in producing lighter plastic materials, and as a critical intermediate in various chemical processes. In addition, naphtha offers several advantages, such as easy transportability, cost-effectiveness, role in enhancing octane rating in fuels, and versatility in different industrial applications.

Vietnam Naphtha Market Trends:

The growing product utilization as a feedstock in the manufacturing of plastics and polymers is propelling the market growth. Additionally, the increasing product demand in the petrochemical industry for cracking processes is driving the market growth. Besides this, the expanding automotive industry in Vietnam, which requires naphtha in the production of high-octane gasoline, is boosting the market growth. Furthermore, the establishment of new refinery projects and expansion of existing ones, which increases naphtha production capabilities, are contributing to the market growth. In addition, the widespread product application as a solvent in the manufacturing of paints and coatings is catalyzing the market growth. Apart from this, the introduction of improved technologies in petrochemical cracking, which enhance the product's efficiency and attractiveness, is supporting the market growth. Moreover, rapid urbanization and industrialization in Vietnam, escalating the need for naphtha in various applications, is fostering the market growth. Along with this, Vietnam's strategic location and trade agreements with other countries, which open doors for naphtha export, are fueling the market growth. In addition to this, the expanding energy sector, which requires more naphtha for power generation and other processes, is stimulating the market growth. In line with this, the implementation of pro-industry policies and initiatives by the government is acting as another growth-inducing factor. Furthermore, the escalating foreign investments in the petrochemical sector in Vietnam are positively impacting the market growth. Besides this, recent technological advancements in naphtha processing and its applications are strengthening the market growth. Additionally, the rising consumer spending power, which leads to increased demand for naphtha-based products, is favoring the market growth. Moreover, the imposition of stricter environmental norms, pushing for cleaner and more efficient product usage, is providing a considerable boost to the market growth.

Vietnam Naphtha Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on application.

Application Insights:

Vietnam Naphtha Market Report

  • Petrochemical Feedstock
  • Gasoline Blending
  • Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes petrochemical feedstock, gasoline blending, and others.

Regional Insights:

Vietnam Naphtha Market Report

  • Northern Vietnam
  • Central Vietnam
  • Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Naphtha Market Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Application
  • Region
Applications Covered Petrochemical Feedstock, Gasoline Blending, Others
Regions Covered Northern Vietnam, Central Vietnam, Southern Vietnam
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the Vietnam naphtha market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Vietnam naphtha market?
  • What is the breakup of the Vietnam naphtha market on the basis of application?
  • What are the various stages in the value chain of the Vietnam naphtha market? 
  • What are the key driving factors and challenges in the Vietnam naphtha?
  • What is the structure of the Vietnam naphtha market and who are the key players?
  • What is the degree of competition in the Vietnam naphtha market? 

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam naphtha market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam naphtha market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam naphtha industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Vietnam Naphtha Market Report by Application (Petrochemical Feedstock, Gasoline Blending, and Others), and Region 2024-2032
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More