Naphtha Market Set for Steady Growth with a 3.51% CAGR, Expected to Reach US$ 233.46 Billion by 2029

20.09.2023: Naphtha Market Report Scope and Research Methodology

Naphtha, a colorless, flammable, and volatile hydrocarbon, is primarily derived from petroleum refineries through fractional distillation of crude oil or by processing boiling coal tar. Its versatile applications include serving as a solvent to reduce the viscosity of heavy crude oil.

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What are Naphtha Market Dynamics?

The Naphtha Market has experienced substantial growth, particularly due to its usage in jet fuel and petrochemicals, where approximately xx% of the produced naphtha is consumed. While new demand for naphtha, around xx Megaton, is expected from upcoming crackers and reformers, this is partially offset by a demand loss of about xx Megaton due to cracker shutdowns. Additionally, the Naphtha Market has become increasingly competitive and price-sensitive. Cheaper alternatives like shale gas and LPG have become readily available, pressuring manufacturers to focus on competitive pricing strategies to maintain significant market share. Furthermore, strategic mergers, acquisitions, and technological advancements play crucial roles in the industry.

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What is Naphtha Market Segmentation?

Application: The global naphtha market is segmented into chemicals, petrochemicals, fertilizers, gasoline, and others based on application. The chemicals segment is poised for the highest xx% CAGR growth during the forecast period, driven by rising demand from the chemical industry. Naphtha finds application in the chemical sector as a solvent, diluting agent in bitumen extraction, medicinal product component, and a shoe polish additive.
Type: The global naphtha market is bifurcated into heavy and light naphtha. The report covers differences in demand, supply, and trade data between these two types. Heavy Naphtha analysis encompasses naphtha with high aromatic and naphthenic content, ideal for reforming. Light and heavy naphtha balances and prices are closely intertwined despite their distinct applications.

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Who are Naphtha Market Key Players?

1. British Petroleum
2. Chevron
3. ExxonMobil
4. Shell
5. CNPC
6. Huarui Coal Chemicals Co., Ltd.
7. Keisham Global Trading
8. Typical General Trading (L.L.C)
9. Jch International Co., Ltd.
10.Arham Petrochem Private Limited (APPL)
11.Qingdao Yonghui Petroleum Chemical CO., LTD
12.Premier Commodities, LLC
13.Softplus General Trading L.L.C.
14.Anglo Gulf Limited
15.Indian Oil Corporation Ltd
16.Lotte Chemical Corporation
17.Mangalore Refinery and Petrochemicals Limited
18.Mitsubishi Chemical Corporation
19.Novatek
20.Reliance Industries Limited
21.SABIC
22.China Petrochemical Corporation

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Table of content for the Naphtha Market includes:

Part 01: Executive Summary

Part 02: Scope of the Naphtha Market Report

Part 03: Global Naphtha Market Landscape

Part 04: Global Naphtha Market Sizing

Part 05: Global Naphtha Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

h a projected demand of over 70 million tons by 2029. The increased focus on deploying renewable energy sources and government promotion of biomass pellet use in power generation will fuel regional market growth.
North America: The North American Naphtha market benefits from price competitiveness with propane and heating oil. Favorable climatic conditions, the replacement of conventional burners with automatic feed-in systems, and the rising need for heating in residential and commercial buildings are key factors propelling market growth.
Asia Pacific: Asia Pacific is expected to experience the fastest growth rate of 14.4% from 2022 to 2029. Growing renewable energy industries in countries like China, Japan, and India, along with government pro-power generation policies, are driving the demand for Naphtha s in the region.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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