Title: Naphtha Market
1Naphtha Market Market size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
Contact Venkat Reddy sales_at_industryarc.com
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- The naphtha market size is estimated to reach
US232.3 billion by 2027 after growing at a CAGR
of 3.8 from 2022-2027. Naphtha is a flammable
liquid hydrocarbon mixture that is made from the
fractional distillation of crude oil or boiling
coal tar. - The drivers for the naphtha market are an
increase in feedstock demand by the petrochemical
industry, an increase in solvent demand by the
paints and coating sector, technological
advancements in naphtha reforming.
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- Key Takeaways
- Asia-Pacific dominates the naphtha market as the
region consists of some of the major end-users of
the naphtha like petrochemicals, agriculture,
plastics, rubber, etc. in countries like China,
India, Thailand, Indonesia, etc. - Naphtha is used in the production of gasoline
which is used as solvent and diluents in various
products like household cosmetics and chemicals,
pesticides, fuels, and essential oils - Naphtha consumption has risen in both emerging
and industrialized economies due to the
increasing demand for cost-effective fuel due to
rapid urbanization and a growing global
population.
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By Distribution Channel- Segment
Analysis Petrochemical feedstock held the
largest share in the naphtha market in 2021 with
a share of over 34. This owns to factor like
naphtha as feedstock is used for producing
petrochemicals like ethylene, propylene, and
naphtha chemicals like light naphtha are used for
generating petrochemicals containing gasoline
and butane.
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Naphtha Market Industry Outlook 1. Exxon Mobile
Corporation 2. Saudi Arabia Oil. Co 3. Formosa
Petrochemical Corporation 4. Chevron Philips
Chemical Company 5. Shell Chemicals 6. Mitsubishi
Chemicals
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Naphtha Market - Forecast(2022 - 2027) Learn
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.com/Research/Naphtha-Market-Research-509420
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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