Global Renewable Naphtha Market Research Report 2022

Global Renewable Naphtha Market Research Report 2022

Summary

Market Analysis and Insights: Global Renewable Naphtha Market
Due to the COVID-19 pandemic, the global Renewable Naphtha market size is estimated to be worth US$ 772.32 million in 2022 and is forecast to a readjusted size of US$ 1739.77 million by 2028 with a CAGR of 14.49% during the review period. Fully considering the economic change by this health crisis, Light accounting for 92.82% of the Renewable Naphtha global market in 2021, is projected to value US$ 1632.20 million by 2028, growing at a revised 14.68% CAGR in the post-COVID-19 period.
North America Renewable Naphtha market is estimated at US$ 167.21 million in 2021, while Europe is forecast to reach US$ 940.68 million by 2028. The proportion of the North America is 28.43% in 2021, while Europe percentage is 58.05%, and it is predicted that Europe share will reach 54.07% in 2028, trailing a CAGR of 13.54% through the analysis period. As for the Asia, CAGR is 15.28% respectively for the next 6-year period.
The global major manufacturers of Renewable Naphtha include Diamond Green Diesel, Neste, Renewable Energy Group, Inc, and etc. In terms of revenue, the global 3 largest players have a 43.92% market share of Renewable Naphtha in 2021.
Global Renewable Naphtha Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Renewable Naphtha Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
UPM Biofuels
Neste
Renewable Energy Group, Inc
Diamond Green Diesel

Segment by Type
Light
Heavy

Segment by Application
Biofuel
Green Plastic

Production by Region
North America
Europe
Asia

Consumption by Region
North America
U.S.
Canada
Mexico

Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia

Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe

South America
Brazil
Argentina
Columbia
Rest of South America