This report titled “Naphtha Market - Growth, Future Prospects, and Competitive Analysis, 2023 – 2030” offers strategic insights into the trends in naphtha market along with the market size and forecast for the duration 2023 to 2030. The said research study incorporates in-depth analysis of multiple market segments based on product type, application, and geographical distribution.

The global naphtha market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America and Asia Pacific.  

Based on product type, the global naphtha market is categorized into light naphtha and heavy naphtha. In addition, Naphtha manufacturing companies, construction companies and academic organizations form the major client types for naphtha market. Market size (Mn Tons) (US$ Bn) and forecast for all the considered segmentation is presented in this report for the period 2020-2030 along with their respective CAGRs (%) for the forecast period 2023-2030.

In terms of geographical distribution, the global naphtha is study for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. 

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global naphtha market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of naphtha market.

Global naphtha market is categories on the basis of product type. Among product type, heavy naphtha segment was the most dominant segment in 2020 and anticipated to continue its dominance of over the forecast period. Wide array of application of heavy naphtha such as feedstock for petrochemical industry, as fuel and for gasoline blending is projected to drive the growth of the segment during the forecast period. Light naphtha segment is expected to be the fastest growing segment during the forecast period. Increasing demand for plastics materials such as polypropylene and polyethylene, synthetic fibers like acrylonitrile, and other industrial chemicals such as glycols are anticipated to fuel the growth of the segment over the forecast period (2023-2030).

Global naphtha market is categories on the basis of application. Among Application, Chemical segment was the most dominant segment in 2020 and anticipated to continue its dominance of over the forecast period. Increasing use of naphtha in petrochemical industry for the production of various olefins and aromatics used in manufacturing of plastic products coupled with rising demand for plastic products in key consumption economies of Asia Pacific and Europe is anticipated to drive the growth of the segment during the forecast period. The segment is anticipated to witness high growth during the forecast period. Followed by it, Energy/ Fuels segment was the second largest segment in global naphtha market owing to increase use of naphtha as for blending in gasoline. Growing consumption of gasoline is anticipated to drive the demand of the segment over the forecast period (2023-2030).

Asia Pacific is projected to be the largest region in global naphtha market during the forecast period. Growing automobile and construction industry is fueling the demand for plastic products resulting growth of plastic industry in the region which in turn is projected to drive the demand for the naphtha over the forecast period. China and Japan are the largest consumer in the region and projected to maintain their dominance during the forecast period (2023-2030). India is projected to be the fastest growing market for naphtha in region over the forecast period. Further, favorable regulatory policies supporting the growth of industries especially in China and India are anticipated to fuel the consumption of naphtha in the region.  Followed by it, Europe is expected to be the second largest market in global naphtha market. Russia is anticipated to be the largest country in the region in terms of naphtha consumption. U.K, Poland and other countries of Eastern Europe are anticipated to witness high growth during the forecast period (2023-2030).

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Naphtha market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Naphtha market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Naphtha market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Naphtha market?
• Which is the largest regional market for Naphtha market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Naphtha market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Naphtha market worldwide?