世界のナフサ市場 - 2031 年までの業界動向と予測

ナフサ市場の分析と規模

石油化学業界では、ナフサは蒸気分解プロセスによるエチレンやその他のオレフィンの生産のための主要な原料として重要な役割を果たしています。エチレンは、プラスチック、樹脂、合成繊維など、幅広い化学製品の基本構成要素です。炭化水素を豊富に含むナフサの成分は、蒸気分解の理想的な前駆物質です。蒸気分解では、高温と蒸気を使用して分子をエチレンなどのより小さく価値の高い成分に分解します。

世界のナフサ市場規模は2023年に1,709.4億米ドルと評価され、2024年から2031年の予測期間中に3.94%のCAGRで成長し、2031年には2,328.7億米ドルに達すると予測されています。市場価値、成長率、セグメンテーション、地理的範囲、主要プレーヤーなどの市場シナリオに関する洞察に加えて、Data Bridge Market Researchがまとめた市場レポートには、詳細な専門家の分析、地理的に表された企業別の生産量と生産能力、販売業者とパートナーのネットワークレイアウト、詳細で最新の価格動向分析、サプライチェーンと需要の不足分析も含まれています。

レポートの範囲と市場セグメンテーション

Market Definition

Naphtha is a flammable liquid hydrocarbon mixture primarily derived from crude oil refining or natural gas processing. It consists of various hydrocarbons, typically with carbon numbers ranging from five to twelve, and serves as a feedstock for petrochemical production, including the manufacture of plastics, solvents, and fuels. Naphtha is characterized by its volatility and versatility in industrial processes.

Naphtha Market Dynamics

Drivers

• Changing Refining Industry Dynamics Increases the Demand for Naphtha

The capacity and configuration of refineries determine the production levels of naphtha. Refineries with high naphtha yields contribute to ample supply, while those with lower yields may experience supply constraints. Moreover, shifts in crude oil prices and availability affect refining economics, influencing naphtha production and pricing. Thus, understanding and responding to refining industry dynamics is essential for stakeholders in the naphtha market to anticipate supply fluctuations and pricing trends.

• Growing Technological Advancements in Refining Processes Increases the Naphtha Utilization

Innovations in refining technologies, such as improved catalysts and process optimization techniques, enhance naphtha yield and quality, thereby boosting its competitiveness as a feedstock for petrochemical production. Advancements in steam cracking and other conversion technologies enable more efficient and cost-effective conversion of naphtha into high-value olefins such as ethylene. Technological progress drives efficiency, flexibility, and sustainability in naphtha utilization, shaping the market's evolution and competitiveness in the petrochemical industry.

Opportunities

• Naphtha as Solvent in Various Industries Increases its Demand among Consumers

As a solvent, naphtha finds application in paint and coatings, industrial cleaning, and the manufacturing of specialty chemicals. Its ability to dissolve a wide range of substances, coupled with its relatively low cost, makes it a preferred choice for many solvent-based processes. The expanding construction, automotive, and manufacturing sectors contribute to the steady demand for naphtha as a solvent. Additionally, ongoing research and development efforts to enhance naphtha's solvent properties and environmental sustainability further bolster its market presence and attractiveness to end-users.

• Increasing Demand for Olefin-Rich Naphtha among the Consumers

Olefin-rich naphtha contains higher concentrations of ethylene and other valuable olefins, making it a preferred feedstock for petrochemical production, particularly in steam cracking processes. Industries such as plastics manufacturing, automotive, and construction rely heavily on ethylene-derived products, driving the need for olefin-rich naphtha. As these sectors experience continued growth globally, the demand for this high-value naphtha variant is expected to rise, influencing market dynamics, pricing trends, and investment decisions within the naphtha industry.

 Restraints/Challenges

• Growing Environmental Concerns limits the Adoption of Naphtha

Naphtha production and consumption contribute to air pollution, greenhouse gas emissions, and ecological damage, prompting regulatory authorities to impose stringent environmental regulations. Compliance with these regulations necessitates costly investments in emission control technologies and cleaner production processes, which can increase operational expenses for naphtha producers and users, potentially affecting the naphtha market price.

• Competition from Alternative Feedstocks limits the Use of Naphtha

Natural gas liquids (NGLs), liquefied petroleum gas (LPG), and coal-derived products offer viable alternatives to naphtha in petrochemical production. These feedstocks may have cost advantages, availability in abundance, or lower environmental impacts compared to naphtha. As a result, naphtha faces intensified competition, impacting its market share, pricing dynamics, and long-term viability in the petrochemical industry.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In November 2021, Exxon Mobil's investment in a multi-billion-dollar chemical complex in Guangdong province, China, signifies a strategic move to bolster its production capacity by 1.6 million tonnes/year. This expansion aligns with the company's goal to capitalize on growing demand for petrochemicals in the region, particularly amid China's burgeoning industrial landscape
• In October 2022, LG Chem's decision to temporarily shut down its naphtha crackers in South Korea for seven weeks aims to conduct essential maintenance. While this measure disrupts the supply of petrochemicals in the region during the maintenance period, it underscores the company's commitment to ensuring operational efficiency and long-term reliability, ultimately safeguarding product quality and safety

Naphtha Market Scope

The market is segmented on the basis of type, process, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Light Naphtha
• Heavy Naphtha

 Process

• Gasoline Blending
• Naphtha Reforming    
• Steam Cracking
• Others

Application

• Chemicals
• Energy and Fuel
• Others

End-User

• Petrochemical
• Agriculture
• Paints and Coatings
• Aerospace
• Others

Naphtha Market Analysis/Insights

The market is analysed and market size insights and trends are provided by country, type, process, application and end-user as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates in the market, both in terms of revenue and market share. This dominance stems from the region's surging demand for naphtha, fueled by its robust industrial growth and expanding chemical sector. Moreover, technological advancements, particularly in advanced distillation processes and chemical development, further bolster the region's leadership in the naphtha market, enabling enhanced efficiency and product innovation to meet evolving market needs.

North America is expected to emerge as the fastest-developing region in the petrochemical industry, driven by several factors. The region is experiencing a surge in gasoline consumption, fueled by economic growth and increased industrial activity. Additionally, North America boasts the presence of prominent market players, fostering innovation, investment, and infrastructure development within the petrochemical sector. These dynamics position the region as a key hub for growth and opportunity in the global petrochemical market landscape.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

競争環境とナフサ市場シェア分析

市場競争環境では、競合他社ごとの詳細が提供されます。詳細には、会社概要、会社の財務状況、収益、市場の可能性、研究開発への投資、新しい市場への取り組み、世界的なプレゼンス、生産拠点と施設、生産能力、会社の強みと弱み、製品の発売、製品の幅と広さ、アプリケーションの優位性などが含まれます。提供される上記のデータ ポイントは、市場に関連する会社の焦点にのみ関連しています。

市場で活動している主要企業は次のとおりです。

• シェブロン社（米国）
• リライアンス インダストリーズ リミテッド (インド)
• シェルケミカルズ（米国）
• SABIC（サウジアラビア）
• BP PLC（英国）
• エクソンモービルコーポレーション（米国）
• 中国石油化工集団（中国）
• インド石油公社（インド）
• ノバテク（ロシア）
• 三菱ケミカル株式会社（日本）
• ロッテケミカル株式会社（韓国）
• マンガロール製油所・石油化学会社（インド）
• NOVAケミカルズコーポレート（カナダ）
•  フォルモサプラスチックスコーポレーション（台湾）
•  LG化学（韓国）
• メキシコ石油会社（メキシコ）
•  ヴィトル（オランダ）

SKU-57334