Global Naphtha Market 2024-2028
Global Naphtha Market 2024-2028
The naphtha market is forecasted to grow by USD 44.3 bn during 2023-2028, accelerating at a CAGR of 3.72% during the forecast period. The report on the naphtha market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for naphtha in petrochemical industry, rising adoption of naphtha in agricultural industry, and rising demand for petrochemical feedstock.
Technavio's naphtha market is segmented as below:
- By Type
- Heavy naphtha
- Light naphtha
- By Application
- Chemicals
- Energy/fuel
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increase in investment in extraction of naphtha as one of the prime reasons driving the naphtha market growth during the next few years. Also, rising exploration of unconventional petroleum resources and adoption of blockchain in the oil and gas refining industry will lead to sizable demand in the market.
The report on the naphtha market covers the following areas:
- Naphtha market sizing
- Naphtha market forecast
- Naphtha market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading naphtha market vendors that include 2M Holdings Ltd., Alexandria Mineral Oils Co., Bajrang Petrochemicals Pvt. Ltd., Basin Electric Power Cooperative, Chevron Corp., China Petrochemical Corp., Exxon Mobil Corp., Formosa Petrochemical Corp., Ganga Rasayanie Pvt. Ltd., Indian Oil Corp. Ltd., LG Chem Ltd., Mitsubishi Chemical Corp., PAO NOVATEK, Pyroplast Energy Ltd., QatarEnergy, Reliance Industries Ltd., Sasol Ltd., Saudi Arabian Oil Co., Shell plc, and UPM Kymmene Corp.. Also, the naphtha market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.