Naphtha Market is expected to rise at annual rate 3.60% in the forecast period of 2020 to 2027 due to the rising consumption of naphtha as a feedstock in the petrochemicals industry.
On the other hand, the shift in trends from the use of naphtha to cheaper alternatives such as LPG are expected to obstruct the market growth in the above mentioned forecast period. Volatile prices of crude oil is projected to challenge the naphtha market.
Naphtha Market Scenario
According to Data Bridge Market Research the markets for naphtha is accelerating because of the olefin-rich naphtha which is majorly utilized as a primary feedstock for the production of high-octane fuel, polymers, chemical intermediates and rubber and escalating demand for cost-effective fuel. Additionally, the rapid urbanization and growing global population in developed and developing nations positively affect the naphtha market.
Furthermore, technological advancements and expansion of chemical industries extend profitable opportunities for the market players.
Now the question is which are the other regions that naphtha market targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the expansion of chemical industries and technological advancement such as advanced distillation processes in the region. North America is expected to witness significant growth during the forecast period of2020- 2027 due to the presence of prominent market players, growth of regional market and rise in consumption of gasoline.
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Naphtha Market Scope
Naphtha market is segmented on the basis of countries into 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, Israel, Egypt, South Africa, 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.
- All country based analysis of naphtha market is further analyzed based on maximum granularity into further segmentation. Naphtha market is segmented on the basis of type, process, application and end-user industry. On the basis of type, the naphtha market is segmented into light naphtha and heavy naphtha. On the basis of process, the naphtha market is segmented into gasoline blending, naphtha reforming, steam cracking and others. On the basis of application, the naphtha market is segmented into chemicals, energy and fuel and others. On the basis of end-user industry, the naphtha market is segmented into petrochemical, agriculture paints and coatings, aerospace and others.
- Naphtha is a highly versatile, colorless and flammable hydrocarbon mixture found in refined petroleum or shale oil and coal tar. It is produced with the distillation process of organic substances such as, petroleum, shale or coal. The product is extremely volatile and displays insolubility in water.
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Key Pointers Covered in the Naphtha Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market by Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- NOVATEK
- NOVA Chemicals Corporate.
- Mangalore Refinery & Petrochemicals Ltd.
- Chevron Phillips Chemical Company.
- Exxon Mobil Corporation.
- bp p.l.c.
- Indian Oil Corporation Ltd
- LOTTE Chemical CORPORATION.
- Reliance Industries Limited.
- Mitsubishi Chemical Corporation
- SABIC
- Royal Dutch Shell PLC
- China Petrochemical Corporation.
- Formosa Plastics Corporation
- LG Chem.
- China National Petroleum Corporation
- Petróleos Mexicanos.
- MGTPetroil
- Vitol Netherlands Coöperatief.
- Total
Above are the key players covered in the report, to know about more and exhaustive list of naphtha companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-naphtha-market
Research Methodology of Naphtha Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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