Naphtha Market Scope
Naphtha is referred to as a group of volatile, flammable mixtures of liquid hydrocarbons which are used mainly as diluents, solvents or raw materials for the process of gasoline conversion. There are numerous types of naphtha which vary in the types and amounts of hydrocarbons contained blend in their unique way. Refineries basically produce many forms of naphtha, and each of them has specific guidelines on how it can be handled and stored. The flammability and volatility of naphtha are basically taken into consideration because of significant safety hazards. Due to the rising demand for naphtha in the petrochemical industry as a feedstock, it is wholly driving the market of naphtha. While there are some factors like health concern related to chemical exposure is hindering the market growth.
The market study is being classified by Type (Light Naphtha and Heavy Naphtha), by Application (Petrochemical, Agriculture, Paints & Coatings and Aerospace) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Naphtha market throughout the predicted period.
Shell Chemicals (United States), Chevron Phillips Chemical Company (United States), BP plc (United Kingdom), Sinopec (China), ADNOC (United Arab Emirates), Exxon Mobil Corporation (United States), Formosa Petrochemical Co. (Taiwan), LG Chem Ltd. (South Korea) and Marjan Golden Trading (Iran) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Petroleos Mexicanos (United States), Mangalore Refinery and Petrochemicals Limited (India) and Kuwait Petroleum Corporation (Kuwait).
AdvanceMarketAnalytics has segmented the market of Global Naphtha market by Type, Application and Region.
On the basis of geography, the market of Naphtha has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In Aug 2019, South Korean petrochemical companies, such as LG Chem Ltd. and Lotte Chemical Corp., are expected to benefit from a simultaneous shutdown of three large naphtha crackers in Europe.
- Rising Demand for Naphtha in Petrochemical Industry as a Feedstock
- Increasing Applications of Naphtha in Various Industries, such as Agriculture, Aviation, etc., as a Fertilizer and Jet Fuel in Developing Countries
- Growth in Chemical Industry in Developing Countries
- Upsurging Refineries in Emerging countries
- Availability of Alternatives
- Stringent Government Regulation in the European Union
- Health Concern Related to Chemical Exposure
Key Target AudienceNaphtha Manufacturers, Naphtha Distributors/ Traders, Raw Material Suppliers, Potential Investors and End-User Industries
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase