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Global Naphtha Market to Witness a Pronounce Growth During 2024– Top Key players like Shell Chemicals,Total,Sinopec,Inc.
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This report studies the Naphtha market, from angles of players, regions, product types and end industries, to analyze the status and the future.
Naphtha is a term used to refer to a group of volatile, flammable mixtures of liquid hydrocarbons that are used mainly as solvents, diluents, or raw materials for gasoline conversion. It is a lightweight Energy & Additives that is separated from crude oil in the fractional distillation process along with kerosene and jet fuel.
There are many specific types of naphtha that vary in the amounts and types of hydrocarbons contained in their unique blend. Refineries can produce various forms of naphtha, and each has specific guidelines in how it should be handled and stored. Generally speaking, the flammability and volatility of naphtha should be taken into consideration as they are significant safety hazards.
Asia-Pacific is the leading consumer of Naphtha, the volume of which reached 153402.4 K MT in 2018, accounting for about 38.49% of the total global market. China, Europe, and Northeast Asia are also important supply region of solvent.
Chemicals accounted for the largest market with about 86.10% of the global consumption for Naphtha in 2018, and are anticipated to grow at a CAGR of 2.51%, in terms of consumption, during the forecast period. With over 13.90% share of in the Naphtha market, Energy & Additives was the second largest application market in 2018, and is anticipated to grow at a CAGR of 1.81%, in terms of consumption, during the forecast period.
The global Naphtha market is valued at 204140 million US$ in 2018 is expected to reach 265220 million US$ by the end of 2025, growing at a CAGR of 3.8% during 2019-2025.
Market Segment by Manufacturers, this report covers
Shell Chemicals
Total
Sinopec
BP
ADNOC
ARAMCO
PEMEX
Mangalore Refinery and Petrochemicals Limited
Kuwait Petroleum Corporation
Hindustan Petroleum Corporation Limited
ONGC
Market Segment by Type, covers
Light Naphtha
Heavy Naphtha
Market Segment by Applications, can be divided into
Chemicals
Energy & Additives
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Related Information:
North America Naphtha Market Growth 2019-2024
United States Naphtha Market Growth 2019-2024
Asia-Pacific Naphtha Market Growth 2019-2024
Europe Naphtha Market Growth 2019-2024
EMEA Naphtha Market Growth 2019-2024
Global Naphtha Market Growth 2019-2024
China Naphtha Market Growth 2019-2024
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