Accelerating Renewable Energy Goals to Drive the Global Bio-Based Naphtha Market

According to a new market research report launched by Inkwood Research, the Global Bio-Based Naphtha Market is expected to record a CAGR of 17.07% in terms of revenue and 16.19% in terms of volume over the forecasting period of 2023-2032.

Browse 62 Market Data Tables and 45 Figures spread over 210 Pages, along with an in-depth analysis of the Global Bio-Based Naphtha Market by Application, Source, & Geography.

Refer to the Report Summary Here: https://inkwoodresearch.com/reports/bio-based-naphtha-market/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR

Global Bio-Based Naphtha Market Scenario

Growing environmental concerns have been a major factor driving the global market for bio-based naphtha. Growing awareness of the need to combat climate change has led to massive initiatives to reduce greenhouse gas emissions. Products made from conventional fossil fuels, such as petroleum-derived naphtha, produce significant amounts of carbon dioxide emissions, which worsen global warming. Businesses have a practical way to significantly reduce their carbon footprint and lessen the effects of climate change by switching to bio-based naphtha from petroleum-based alternatives.

Furthermore, burning fossil fuels releases a lot of pollutants into the atmosphere, which has a negative effect on the environment and human health. When compared to its traditional equivalent made from petroleum, bio-based naphtha, which is derived from renewable feedstocks, usually results in fewer emissions of air pollutants. Utilizing bio-based naphtha in a variety of industrial sectors can be a proactive way to improve environmental quality and lessen the negative effects of air pollution.

The Global Bio-Based Naphtha Market report provides data tables and includes charts and graphs for visual analysis.

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Market Segmentation

Market by Application:
• Gasoline
• Plastic Production
• Other Applications

Market by Source:
• Used Cooking Oil
• Vegetable Oil
• Biomass
• Animal Fat
• Other Sources

Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2032, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2032

Companies Profiled
• CHEVRON RENEWABLE ENERGY GROUP
• BASF
• BOREALIS AG
• UPM CORPORATION
• SHELL PLC
• PREEM AB
• OMV GROUP
• KAIDI FINLAND
• ENI SPA
• DOW CHEMICAL COMPANY
• EUGLENA CO LTD
• NESTE OYJ
• PHILLIPS 66
• REPSOL SA
• TOTALENERGIES SE

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The global bio-based chemicals market is expected to grow at a CAGR of 14.51% during the forecast period, 2019 to 2028.

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This release was published on openPR.