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Press Release:

Global Naphtha Market to Reach 379.8 Million Tons by 2027, Bolstered by Significant Growth of Petrochemical Industry

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Naphtha Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global naphtha market is expected to exhibit a CAGR of XX% 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.

Global Naphtha Market Drivers:

  • Olefin-rich naphtha is majorly employed as a feedstock for economic high-octane fuel production. Proliferating demand for cost-effective fuel owing to rapid urbanization and growing global population has increased the consumption of naphtha in both the developing and developed economies.
  • In the petrochemical industry, naphtha is used for manufacturing aromatics and olefins like benzene, butadiene, ethylene, toluene and propylene. Continuous growth in the industry has been proactive in maintaining the growth of the naphtha market.
  • Naphtha-derived components are utilized in the formulation of a wide range of plastics, industrial chemicals and synthetic fiber precursors. Rising usage of these end-products across the globe has helped in creating an attractive market for naphtha.
  • Progress in technology has led to the emergence of advanced furnace materials and enhanced distillation processes. This coupled with the expanding chemical industry, particularly in the Asia Pacific region, is further boosting the consumption of naphtha.
     

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global naphtha market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on application.

Breakup by Application:

  • Petrochemical Feedstock
  • Gasoline Blending
  • Others
     

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.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
     

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.

Competitive Landscape:

The competitive landscape of the global naphtha market has also been analyzed with some of the leading players being:

  • BP
  • Chevron
  • ExxonMobil
  • Lotte Chemical Corporation
  • Mangalore Refinery and Petrochemicals Limited
  • OAO Novatek
  • SABIC
  • Shell Chemicals
  • Sinopec
  • Total S.A.
  • Vitol
  • Mitsubishi Chemical
  • Reliance Industries Limited
  • Indian Oil Corporation


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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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, Chevron, ExxonMobil, Lotte Chemical Corporation, Mangalore Refinery and Petrochemicals Limited, OAO Novatek, SABIC, Shell Chemicals, Sinopec, Total S.A., Vitol, 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:

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

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5   Global Naphtha Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Application
    5.5    Market Breakup by Region
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Raw Material Procurement
        5.8.4    Manufacturing
        5.8.5    Marketing
        5.8.6    Distribution
        5.8.7    End-Use
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
6   Market Breakup by Application
    6.1    Petrochemical Feedstock
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Gasoline Blending
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Region
    7.1    Asia Pacific
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    North America
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Europe
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Middle East and Africa
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Latin America
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Naphtha Manufacturing Process
    8.1    Product Overview
    8.2    Raw Material Requirements
    8.3    Manufacturing Process
    8.4    Key Success and Risk Factors
9   Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
    9.3    Profiles of Key Players
        9.3.1 BP
           9.3.1.1    Company Overview
           9.3.1.2    Description
           9.3.1.3    Product Portfolio
           9.3.1.4    Financials
           9.3.1.5    SWOT Analysis
        9.3.2 Chevron
           9.3.2.1    Company Overview
           9.3.2.2    Description
           9.3.2.3    Product Portfolio
           9.3.2.4    Financials
           9.3.2.5    SWOT Analysis
        9.3.3 ExxonMobil
           9.3.3.1    Company Overview
           9.3.3.2    Description
           9.3.3.3    Product Portfolio
           9.3.3.4    Financials
           9.3.3.5    SWOT Analysis
        9.3.4 Indian Oil Corporation
           9.3.4.1    Company Overview
           9.3.4.2    Description
           9.3.4.3    Product Portfolio
           9.3.4.4    Financials
           9.3.4.5    SWOT Analysis
        9.3.5 Lotte Chemical Corporation
           9.3.5.1    Company Overview
           9.3.5.2    Description
           9.3.5.3    Product Portfolio
           9.3.5.4    Financials
           9.3.5.5    SWOT Analysis
        9.3.6 Mangalore Refinery and Petrochemicals Limited
           9.3.6.1    Company Overview
           9.3.6.2    Description
           9.3.6.3    Product Portfolio
           9.3.6.4    Financials
           9.3.6.5    SWOT Analysis
        9.3.7 Mitsubishi Chemical
           9.3.7.1    Company Overview
           9.3.7.2    Description
           9.3.7.3    Product Portfolio
           9.3.7.4    Financials
           9.3.7.5    SWOT Analysis
        9.3.8 OAO Novatek
           9.3.8.1    Company Overview
           9.3.8.2    Description
           9.3.8.3    Product Portfolio
           9.3.8.4    Financials
           9.3.8.5    SWOT Analysis
        9.3.9 Reliance Industries Limited
           9.3.9.1    Company Overview
           9.3.9.2    Description
           9.3.9.3    Product Portfolio
           9.3.9.4    Financials
           9.3.9.5    SWOT Analysis
        9.3.10 SABIC
           9.3.10.1    Company Overview
           9.3.10.2    Description
           9.3.10.3    Product Portfolio
           9.3.10.4    Financials
           9.3.10.5    SWOT Analysis
       9.3.11 Shell Chemicals
           9.3.11.1    Company Overview
           9.3.11.2    Description
           9.3.11.3    Product Portfolio
           9.3.11.4    Financials
           9.3.11.5    SWOT Analysis
       9.3.12 Sinopec
           9.3.12.1    Company Overview
           9.3.12.2    Description
           9.3.12.3    Product Portfolio
           9.3.12.4    Financials
           9.3.12.5    SWOT Analysis
       9.3.13 Total S.A.
           9.3.13.1    Company Overview
           9.3.13.2    Description
           9.3.13.3    Product Portfolio
           9.3.13.4    Financials
           9.3.13.5    SWOT Analysis
       9.3.14 Vitol
           9.3.14.1    Company Overview
           9.3.14.2    Description
           9.3.14.3    Product Portfolio
           9.3.14.4    Financials
           9.3.14.5    SWOT Analysis
 
List of Figures

Figure 1: Global: Naphtha Market: Major Drivers and Challenges
Figure 2: Global: Naphtha Market: Sales Volume (in Million Tons), 2016-2021
Figure 3: Global: Naphtha Market: Sales Value (in Billion US$), 2016-2021
Figure 4: Global: Naphtha Market: Breakup by Application (in %), 2021
Figure 5: Global: Naphtha Market: Breakup by Region (in %), 2021
Figure 6: Global: Naphtha Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Naphtha Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 8: Global: Naphtha Industry: SWOT Analysis
Figure 9: Global: Naphtha Industry: Value Chain Analysis
Figure 10: Global: Naphtha Industry: Porter’s Five Forces Analysis
Figure 11: Global: Naphtha (Applications in Petrochemical Feedstock) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Naphtha (Applications in Petrochemical Feedstock) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Naphtha (Applications in Gasoline Blending) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Naphtha (Applications in Gasoline Blending) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Naphtha (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Naphtha (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Asia Pacific: Naphtha Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Asia Pacific: Naphtha Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: North America: Naphtha Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: North America: Naphtha Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Europe: Naphtha Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Europe: Naphtha Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Middle East and Africa: Naphtha Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Middle East and Africa: Naphtha Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Latin America: Naphtha Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Latin America: Naphtha Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Naphtha Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Naphtha Market: General Properties
Table 2: Global: Naphtha Market: Key Industry Highlights, 2021 and 2027
Table 3: Global: Naphtha Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Naphtha Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Naphtha Manufacturing: Raw Material Requirements
Table 6: Global: Naphtha Market: Competitive Structure
Table 7: Global: Naphtha Market: Key Players

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