Naphtha Market Worth US$ 242410 Million By 2024 | CAGR 4%

Global Naphtha Market

This report studies the Naphtha market, from angles of players, regions, product types and end industries, to analyze the status and the future.

Naphtha is a term used to refer to a group of volatile, flammable mixtures of liquid hydrocarbons that are used mainly as solvents, diluents, or raw materials for gasoline conversion. It is a lightweight Energy & Additives that is separated from crude oil in the fractional distillation process along with kerosene and jet fuel.

There are many specific types of naphtha that vary in the amounts and types of hydrocarbons contained in their unique blend. Refineries can produce various forms of naphtha, and each has specific guidelines on how it should be handled and stored. Generally speaking, the flammability and volatility of naphtha should be taken into consideration as they are significant safety hazards.

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Asia-Pacific is the leading consumer of Naphtha, the volume of which reached 153402.4 K MT in 2018, accounting for about 38.49% of the total global market. China, Europe, and Northeast Asia are also important to supply region of the solvent.

Chemicals accounted for the largest market with about 86.10% of the global consumption for Naphtha in 2018, and are anticipated to grow at a CAGR of 2.51%, in terms of consumption, during the forecast period. With over 13.90% share of in the Naphtha market, Energy & Additives was the second largest application market in 2018 and is anticipated to grow at a CAGR of 1.81%, in terms of consumption, during the forecast period.

According to this study, over the next five years, the Naphtha market will register a 4.0% CAGR in terms of revenue, the global market size will reach US$ 242410 million by 2024, from US$ 199700 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Naphtha business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Naphtha market by product type, application, key manufacturers and key regions and countries.

This study considers the Naphtha value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Light Naphtha
Heavy Naphtha

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Chemicals
Energy & Additives

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa
GCC Countries

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Shell Chemicals
Total
Sinopec
BP
ADNOC
ARAMCO
PEMEX
Mangalore Refinery and Petrochemicals Limited
Kuwait Petroleum Corporation
Hindustan Petroleum Corporation Limited
ONGC

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Naphtha consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Naphtha market by identifying its various sub-segments.
Focuses on the key global Naphtha manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Naphtha with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Naphtha submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Content Covers the Topics mentioned below

2019-2024 Global Naphtha Consumption Market Report

Scope of the Report
Executive Summary
Global Naphtha by Players
Naphtha by Regions
Americas Market
APAC Market
Europe Market
Middle East & Africa Market
Market Drivers, Challenges and Trends
Marketing, Distributors and Customer
Global Naphtha Market Forecast
Key Players Analysis
Research Findings and Conclusion

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