Bio-Based Naphtha Market Growth at 18.3% CAGR: Recent Product Launches Transforming Bioplastic and Sustainable Aviation Fuel Industries | Major Companies are Neste Corporation, UPM Biofuels, INEOS

The Global Bio-Based Naphtha Market reached US$ 895.2 million in 2022 and is expected to reach US$ 3,338.7 million by 2030, growing with a CAGR of 18.3% during the forecast period 2024-2031

According to DataM Intelligence has published a new research report on "Bio-Based Naphtha Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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➣ Recent Developments:

United States: Recent Industry Developments

✅ In September 2025, LyondellBasell expanded its renewable naphtha sourcing agreements to support large-scale bioplastic production across its U.S. plants. The move aligns with its 2030 circularity goals and increases bio-feedstock integration in polymer manufacturing.

✅ In August 2025, ExxonMobil announced pilot runs of bio-based naphtha in its advanced recycling and steam-cracking units in Texas. Early results showed compatibility with existing infrastructure, enabling drop-in use for sustainable polymers.

✅ In July 2025, Chevron and Honeywell launched a joint demonstration of co-processing bio-naphtha in traditional refining systems. The project aims to reduce lifecycle emissions and support the production of renewable gasoline and sustainable aviation fuels (SAF).

Europe: Recent Industry Developments

✅ In September 2025, Neste (Finland) increased output of renewable naphtha at its Porvoo refinery as part of its push to supply European packaging and consumer goods manufacturers with fully traceable bio-feedstocks.

✅ In August 2025, Sweden's Preem began testing bio-naphtha derived from forest residues within its Lysekil refinery. The initiative supports Sweden's ambitions to become a fossil-free economy by 2045.

✅ In July 2025, TotalEnergies partnered with L'Oréal and LyondellBasell to scale bioplastic packaging solutions using certified bio-based naphtha. The collaboration targets reduced Scope 3 emissions in consumer goods packaging.

➣ Top Industry Players:

Neste Corporation, UPM Biofuels, INEOS, Gevo, Euglena co Ltd., AltAir Fuels, Preem, Shell Plc, Eni S.p.A and Diamond Green.

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➣ Key Segments:

By Source(Vegetable Oil, Biomass, Other)

By Application(Gasoline, Petrochemical, Aviation Fuel, Bio Benzene, Bio Phenol, Other)

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➣ Product Launches:

✅ In October 2025, Neste launched a new grade of ISCC PLUS-certified renewable naphtha designed specifically for high-performance bioplastics. The product offers improved cracking efficiency and enables brands to produce fully traceable, low-carbon PE and PP.

✅ In September 2025, LG Chem unveiled its Bio-Circular Naphtha Series, engineered for automotive, electronics, and packaging applications. The new line targets manufacturers seeking drop-in sustainable feedstocks without altering existing production systems.

✅ In August 2025, TotalEnergies Corbion introduced a bio-based naphtha solution for premium PLA manufacturing, enhancing material clarity and mechanical strength while reducing emissions across the polymer value chain.

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