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 ReportNaphtha 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.
1. Global Naphtha Market: Research Methodology 2. Global Naphtha Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Naphtha Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Naphtha Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Naphtha Market Segmentation 4.1 Global Naphtha Market, by Application (2023-2030) • Chemicals • Petrochemicals • Fertilizers • Gasoline • Others 4.2 Global Naphtha Market, by Type (2023-2030) • Heavy • Light 4.3 Global Naphtha Market, by Process (2023-2030) • Gasoline Blending • Naphtha Reforming • Steam Cracking • Others 5. North America Naphtha Market(2023-2030) 5.1 North America Naphtha Market, by Application (2023-2030) • Chemicals • Petrochemicals • Fertilizers • Gasoline • Others 5.2 North America Naphtha Market, by Type (2023-2030) • Heavy • Light 5.3 North America Naphtha Market, by Process (2023-2030) • Gasoline Blending • Naphtha Reforming • Steam Cracking • Others 5.4 North America Naphtha Market, by Country (2023-2030) • United States • Canada • Mexico 6. Europe Naphtha Market (2023-2030) 6.1. European Naphtha Market, by Application (2023-2030) 6.2. European Naphtha Market, by Type (2023-2030) 6.3. European Naphtha Market, by Process (2023-2030) 6.4. European Naphtha Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Naphtha Market (2023-2030) 7.1. Asia Pacific Naphtha Market, by Application (2023-2030) 7.2. Asia Pacific Naphtha Market, by Type (2023-2030) 7.3. Asia Pacific Naphtha Market, by Process (2023-2030) 7.4. Asia Pacific Naphtha Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Naphtha Market (2023-2030) 8.1 Middle East and Africa Naphtha Market, by Application (2023-2030) 8.2. Middle East and Africa Naphtha Market, by Type (2023-2030) 8.3. Middle East and Africa Naphtha Market, by Process (2023-2030) 8.4. Middle East and Africa Naphtha Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Naphtha Market (2023-2030) 9.1. South America Naphtha Market, by Application (2023-2030) 9.2. South America Naphtha Market, by Type (2023-2030) 9.3. South America Naphtha Market, by Process (2023-2030) 9.4 South America Naphtha Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 British Petroleum 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Chevron 10.3 ExxonMobil 10.4 Shell 10.5 CNPC 10.6 Huarui Coal Chemicals Co., Ltd. 10.7 Keisham Global Trading 10.8 Typical General Trading (L.L.C) 10.9 Jch International Co., Ltd. 10.10 Arham Petrochem Private Limited (APPL) 10.11 Qingdao Yonghui Petroleum Chemical CO., LTD 10.12 Premier Commodities, LLC 10.13 Softplus General Trading L.L.C. 10.14 Anglo Gulf Limited 10.15 Indian Oil Corporation Ltd 10.16 Lotte Chemical Corporation 10.17 Mangalore Refinery and Petrochemicals Limited 10.18 Mitsubishi Chemical Corporation 10.19 Novatek 10.20 Reliance Industries Limited 10.21 SABIC 10.22 China Petrochemical Corporation