Naphtha Market- Global Industry Analysis and Forecast (2024 to 2030)

Naphtha Market CAGR is expected to be 3.51% during the forecast period and the market size is expected to reach nearly US$ 241.45 Bn. by 2030.

Naphtha is colorless, flammable, and a volatile hydrocarbon usually isolated from the petroleum refineries through fractional distillation of crude oil or boiling coal tar. Naphtha is generally used as a solvent for dilute heavy crude oil to decrease its viscosity.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.To know about the Research Methodology:-Request Free Sample Report
Naphtha Market Drivers and Restrains
The Naphtha Market has witnessed considerable growth in recent years because its use in jet fuel and about xx% of the naphtha produced is used in the petrochemical industry. The new naphtha demand of around xx Megaton forthcoming from the new cracker and reformer is largely countered by the demand loss of around xx Megaton due to the cracker shutdown. The Naphtha Market has become more competitive and price-sensitive because of the high potential, steady growth and abundant availability of cheaper alternatives such as shale gas and LPG of the naphtha market. Manufacturers in the naphtha are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological revolutions are also the key application areas of the manufacturers.
Naphtha Market Segmentation Analysis
In terms of application, the global naphtha market is segmented into chemicals, petrochemicals, fertilizers, gasoline and others. Chemicals segment is expected to grow at the highest xx% CAGR during the forecast period, because of increasing demand from chemical industry. Naphtha is used in the chemical industry as a solvent for cleaning, diluting agent in bitumen extraction, in medicinal products and as a shoe polish additive.

On the basis of type, the global naphtha market is bifurcate into heavy and light naphtha. The report covers differentiates light and heavy naphtha demand, supply, and trade data. The Heavy Naphtha analysis covers naphtha with high aromatic and naphthenic content that is proper feed for reforming. While with significantly different applications light and heavy naphtha balances and prices are closely tangled.
Naphtha Market Regional Analysis
On the basis of region Naphtha market divided into five regions such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. Among all the regions, the Asia Pacific had the xx% market share in 2022 and is projected to lead the market during the forecast period, due to increasing demand of naphtha in enormous construction and manufacturing activities as well as for plastic in industries such as construction, automotive, and electronics.

The North America regional naphtha market is expected to expand at xx % CAGR, while the Europe market is expected to increase at a xx % CAGR during the forecast period. The growing demand for naphtha from the petrochemical and oil industries in these regions.

The objective of the report is to present comprehensive analysis of Naphtha Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Naphtha Market dynamics, structure by analyzing the market segments, and project the Naphtha Market size. Clear representation of competitive analysis of key players by Naphtha Type, price, financial position, product portfolio, growth strategies, and regional presence in the Naphtha Market make the report investor’s guide.
Scope of the Naphtha Market: Inquire before buying



Naphtha Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 189.65 Bn.


Forecast Period 2024 to 2030 CAGR:
3.51%
Market Size in 2030:
US $ 241.45 Bn.


 Segments Covered:
by Application
Chemicals
Petrochemicals
Fertilizers
Gasoline
Others


by Type
Heavy
Light


by Process
Gasoline Blending
Naphtha Reforming
Steam Cracking
Others



Naphtha Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Naphtha Market, by Key Players:
1. British Petroleum
2. Chevron
3. ExxonMobil
4. Shell
5. CNPC
6. Huarui Coal Chemicals Co., Ltd.
7. Keisham Global Trading
8. Typical General Trading (L.L.C)
9. Jch International Co., Ltd.
10.Arham Petrochem Private Limited (APPL)
11.Qingdao Yonghui Petroleum Chemical CO., LTD
12.Premier Commodities, LLC
13.Softplus General Trading L.L.C.
14.Anglo Gulf Limited
15.Indian Oil Corporation Ltd
16.Lotte Chemical Corporation
17.Mangalore Refinery and Petrochemicals Limited
18.Mitsubishi Chemical Corporation
19.Novatek
20.Reliance Industries Limited
21.SABIC
22.China Petrochemical Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: Asia Pacific region holds the highest share in 2023.

2. What is the growth rate of Global Naphtha Market?
Ans: The Global Naphtha Market is growing at a CAGR of 3.51% during forecasting period 2024-2030.

3. What is scope of the Global Naphtha market report?
Ans: Global Naphtha Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Naphtha market?
Ans: The important key players in the Global Naphtha Market are – British Petroleum, Chevron, ExxonMobil, Shell, CNPC, Huarui Coal Chemicals Co., Ltd., Keisham Global Trading, Typical General Trading (L.L.C), Jch International Co., Ltd., Arham Petrochem Private Limited (APPL).

5. What is the study period of this market?
Ans: The Global Market is studied from 2023 to 2030.