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The global naphtha market size reached US$ 153.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 189.9 Billion by 2027, exhibiting a growth rate (CAGR) of 3.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Naphtha refers to a highly versatile hydrocarbon mixture which is colorless, flammable and extremely volatile in nature. It is produced by the distillation of organic substances including coal tar, petroleum, wood and shale. Naphtha is known by various names such as wood naphtha, petroleum spirits, coal tar naphtha, shellite and white gas, depending on its composition or source. There are two compositions of naphtha, based on the refinery process and hydrocarbon structure, namely, light (paraffinic) and heavy naphtha. Light naphtha plays a vital role in petrochemical steam crackers, whereas, heavy naphtha is commonly used in refinery catalytic reformers in order to enhance the performance of fuels. Apart from this, naphtha finds numerous applications in the manufacturing of cleaning fluids, fuel for portable stoves, gasoline, paints, etc.
IMARC Group provides an analysis of the key trends in each sub-segment of the global naphtha market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on application.
Breakup by Application:
The global naphtha market has been divided on the basis of application into petrochemical feedstock, gasoline blending and others. Amongst these, petrochemical feedstock dominates the market, holding the majority of the total market share.
On a geographical front, Asia Pacific enjoys the leading position in the global naphtha market on account of rising consumption of plastics in the region. Apart from Asia Pacific, other major regions include Europe, North America, Middle East and Africa, and Latin America.
The competitive landscape of the global naphtha market has also been analyzed with some of the leading players being:
This report provides a deep insight into the global naphtha market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the naphtha market in any manner.
|Base Year of the Analysis||2021|
|Units||Million Tons, US$ Billion|
|Segment Coverage||Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||BP plc, Chevron Corporation, Exxon Mobil Corporation, Lotte Chemical Corporation, Mangalore Refinery and Petrochemicals Limited, OAO Novatek, Saudi Basic Industries Corporation (SABIC), Shell International B.V., Sinopec Group, Total S.A., Vitol SA, Mitsubishi Chemical, Reliance Industries Limited, and Indian Oil Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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:
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