Press release
Naphtha Market to Reach USD 241.45 Billion by 2030 at 3.51% CAGR
► Naphtha Market Poised for Robust Growth, Projected to Reach USD 241.45 Billion by 2030The global naphtha market is on an upward trajectory, with projections indicating a market size of USD 241.45 billion by 2030, growing at a CAGR of 3.51% from 2024 to 2030. This growth is primarily driven by increasing demand in the petrochemical sector, particularly in Asia Pacific, which accounted for a significant 44.7% market share in 2023.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/41851/
► Competitive Landscape
Key players shaping the global naphtha market include ExxonMobil, Shell, Chevron, BP, Reliance Industries Limited, Indian Oil Corporation Ltd, SABIC, and China Petrochemical Corporation. These companies are focusing on strategic initiatives such as mergers and acquisitions, technological advancements, and capacity expansions to strengthen their market positions.
• United States: Growth and Consolidation
In the United States, the naphtha market is experiencing steady growth, supported by the resurgence of the petrochemical industry and increased shale gas production. Chevron Corporation's decision to restart oil operations in Venezuela aims to bolster naphtha supply chains and recover debts by 2025. Additionally, ExxonMobil's completion of a USD 2 billion expansion at its Beaumont refinery in March 2023 added 250,000 barrels per day capacity, enhancing energy product output to meet growing demand.
• Asia Pacific: Opportunities and Trends
Asia Pacific continues to dominate the global naphtha market, driven by rapid industrialization and urbanization in countries like China, India, and Japan. The region's petrochemical industry, especially in China, is expanding, with the government implementing policies to attract investments. ExxonMobil's investment in a multibillion-dollar chemical complex in Guangdong province exemplifies this trend. Furthermore, Japanese firms like Mitsui Chemicals and Sumitomo Chemical are exploring renewable chemicals and recyclable plastics, aligning with global sustainability goals.
Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/41851/
• Middle East and Africa: Consolidation and Updation
The Middle East and Africa region is witnessing consolidation in the naphtha market. Saudi Aramco's procurement agreements worth USD 6 billion with local suppliers aim to strengthen the domestic supply chain. Additionally, SABIC and ExxonMobil have announced plans to permanently shut some plants in Europe due to high costs, while retrofitting facilities to process more ethane, a cheaper alternative to naphtha. These strategic moves are indicative of the region's efforts to optimize operations amidst global market challenges.
• Europe: Trends and Consolidation
Europe's naphtha market is undergoing significant changes, with companies adapting to high energy costs and shifting demand patterns. SABIC is retrofitting facilities in Europe and the UK to process more ethane, reducing reliance on naphtha. Similarly, LyondellBasell sold its U.S. ethylene oxide and derivatives business in May, indicating a strategic shift in operations. These developments reflect Europe's focus on enhancing efficiency and sustainability in the petrochemical sector.
► Recent Developments
In September 2023, QatarEnergy signed a naphtha sales agreement with Marubeni Petroleum, a subsidiary of Japanese conglomerate Marubeni, strengthening trade relations between the Middle East and Asia.
In December 2023, Coolbrook successfully cracked naphtha in its large-scale pilot plant, validating its RotoDynamic Reactor Technology for electric steam cracking, potentially reducing CO2 emissions by 300 million tons annually.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/41851/
► Market Segmentation: In-Depth Analysis:
• by Application
Chemicals
Petrochemicals
Fertilizers
Gasoline
Others
The global naphtha market is divided into various segments based on its application, including chemicals, petrochemicals, fertilizers, gasoline, and others. Due to the growing demand from the chemical sector, the chemicals category is anticipated to increase at the greatest CAGR over the course of the projected period. In the chemical industry, naphtha is utilized as a cleaning solvent, a diluting agent in the extraction of bitumen, an ingredient in pharmaceuticals, and an additive for shoe polish.
• by Type
Heavy
Light
The worldwide naphtha market is divided into two segments based on type: heavy and light naphtha. Demand, supply, and trade data for light and heavy naphtha are distinguished in the report. Naphtha with a high aromatic and naphthenic concentration that is suitable for reforming is covered by the Heavy Naphtha analysis. Although light and heavy naphtha have quite distinct uses, their prices and balances are tightly related.
• by Process
Gasoline Blending
Naphtha Reforming
Steam Cracking
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-naphtha-market/41851/
► Learn about the top players driving innovation in the Market :
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
► Get Market Research Latest Trends :
♦ Recycled Glass Market https://www.maximizemarketresearch.com/market-report/recycled-glass-market/168069/
♦ Metal Fabrication Market https://www.maximizemarketresearch.com/market-report/metal-fabrication-market/13591/
♦ Refractories Market https://www.maximizemarketresearch.com/market-report/global-refractories-market/26727/
♦ Plant-Based Food Market https://www.maximizemarketresearch.com/market-report/global-plant-based-food-market/110463/
♦ Oligonucleotide Synthesis Market https://www.maximizemarketresearch.com/market-report/global-oligonucleotide-synthesis-market/31248/
♦ Fuel Oil Treatment & Conditioning Market https://www.maximizemarketresearch.com/market-report/global-fuel-oil-treatment-conditioning-market/103110/
♦ Wood Truss Market https://www.maximizemarketresearch.com/market-report/global-wood-truss-market/100679/
♦ Global Bamboo Leaf Extract Market https://www.maximizemarketresearch.com/market-report/global-bamboo-leaf-extract-market/108439/
♦ Global Extractables and Leachables Testing Services Market https://www.maximizemarketresearch.com/market-report/global-extractables-and-leachables-testing-services-market/82518/
♦ Sodium Methylate Market https://www.maximizemarketresearch.com/market-report/global-sodium-methylate-market/66007/
♦ Global Oil & Gas Sensors Market https://www.maximizemarketresearch.com/market-report/global-oil-gas-sensors-market/30484/
♦ Global Electric Vehicle Insulation Market https://www.maximizemarketresearch.com/market-report/global-electric-vehicle-insulation-market/96879/
♦ Linear Polymer Market https://www.maximizemarketresearch.com/market-report/linear-polymer-market/194660/
♦ Global Phosphate Rock Market https://www.maximizemarketresearch.com/market-report/global-phosphate-rock-market/33671/
♦ Global Decorative Paints and Coatings Market https://www.maximizemarketresearch.com/market-report/global-decorative-paints-coatings-market/33126/
► Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
                     Copy
                  
                 Please set a link in the press area of your homepage to this press release on openPR.  openPR disclaims liability for any content contained in this release. 
    You can edit or delete your press release Naphtha Market to Reach USD 241.45 Billion by 2030 at 3.51% CAGR here
News-ID: 3998947 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
 
                                            
                                                    Histopathology Services Market Analysis by Opportunities, Size, Share, Future Sc …                                                
                                            
                                        
                                            Histopathology Services Market size was valued at USD 25.90 Mn. in 2024 and the total Histopathology Services revenue is expected to grow by 8 % from 2025 to 2032, reaching nearly USD 47.95 Mn.
Histopathology Services Market Overview:
The Histopathology Services Market plays a critical role in disease diagnosis and medical research by examining tissue samples to detect abnormalities and assess the effects of treatment. Growing prevalence of cancer and chronic diseases,…  
                                        
                                     
                                            
                                                    UK Fertility Clinics Market Business Strategies, Revenue and Growth Rate                                                
                                            
                                        
                                            UK Fertility Clinics Market size was valued at USD 712 Million in 2024 and the total UK Fertility Clinics Market is expected to grow at a CAGR of 9.12 % from 2025 to 2032, reaching nearly USD 1431.25 Million.
UK Fertility Clinics Market Overview:
The UK Fertility Clinics Market is experiencing steady growth driven by the rising prevalence of infertility, increasing awareness about assisted reproductive technologies (ART), and the growing number of…  
                                        
                                     
                                            
                                                    Padel Rackets Market Valued at USD 129.99 Million in 2024, Showing Significant I …                                                
                                            
                                        
                                            Padel Rackets Market size was valued at USD 129.99 Million in 2024 and the total Padel Rackets Market is expected to grow at a CAGR of 12.65% from 2025 to 2032, reaching nearly USD 337.12 Million.
Padel Rackets Market Overview:
The Padel Rackets Market is experiencing rapid expansion globally, fueled by the sport's growing popularity as a social and accessible alternative to tennis. Padel, a mix of tennis and squash, has become…  
                                        
                                     
                                            
                                                    Automotive Haptic Technology Market Growth Forecast 2025-2032 Overview (USD 6.50 …                                                
                                            
                                        
                                            Automotive Haptic Technology Market size was valued at USD 4.30 Billion in 2024 and the total Global Automotive Haptic Technology Market revenue is expected to grow at a CAGR of 5.3% from 2025 to 2032, reaching nearly USD 6.50 Billion, rising demand for advanced infotainment systems.
Automotive Haptic Technology Market Overview:
The Automotive Haptic Technology Market is witnessing significant growth as automakers increasingly focus on enhancing driver engagement, safety, and comfort. Haptic…  
                                        
                                    More Releases for Naphtha
                                                    Naphtha Prices September 2025 | Global Trend Analysis                                                
                                            
                                        
                                            Northeast Asia Naphtha Prices Movement September 2025	
In September 2025, Naphtha Prices in Northeast Asia averaged 1.08 USD/KG, showing a 2.8% decline from the previous month. The downturn was driven by weak demand from the petrochemical sector and reduced cracker operating rates. Lower crude oil prices and sufficient regional supply further contributed to the overall market softness.
Regional Analysis: The price analysis can be expanded to include detailed Naphtha data for a…  
                                        
                                    
                                                    Bio Naphtha Market, Global Outlook & Forecast 2025-2032                                                
                                            
                                        
                                            Bio Naphtha refers to a bio-based fuel derived from renewable sources, such as vegetable oils, animal fats, and algae, through various processes like hydrotreating, gasification, pyrolysis, and fermentation. It serves as an alternative to conventional naphtha, offering a more sustainable option for industries such as chemicals, transportation, and energy. Bio Naphtha can be utilized for chemical feedstock, green plastic production, fuel blending, and as a solvent, significantly contributing to reducing…  
                                        
                                    
                                                    How to Setup a Naphtha Manufacturing Plant                                                
                                            
                                        
                                            Setting up a naphtha manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations. 
IMARC Group's report titled "Naphtha Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a naphtha manufacturing plant,…  
                                        
                                    
                                                    Global Solvent Naphtha Industry Professional 2019                                                
                                            
                                        
                                            The global Solvent Naphtha market is valued at 7200 million US$ in 2018 is expected to reach 10900 million US$ by the end of 2025, growing at a CAGR of 5.3% during 2019-2025.
This report focuses on Solvent Naphtha volume and value at global level, regional level and company level. From a global perspective, this report represents overall Solvent Naphtha market size by analyzing historical data and future prospect. Regionally, this…  
                                        
                                    
                                                    Naphtha Market Size, Share, Development by 2024                                                
                                            
                                        
                                            Global Info Research offers a latest published report on Naphtha Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-naphtha-market_p128678.html
 
This report studies the Naphtha market, from angles of…  
                                        
                                    
                                                    Global Naphtha Market Insights, Forecast to 2025                                                
                                            
                                        
                                            Market Research Report Store offers a latest published report on Naphtha Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.marketresearchreportstore.com/reports/620323/global-naphtha-market-insights
 
This report studies the Naphtha market, from angles…  
                                        
                                    