This report offers strategic insights into the trends in naphtha market along with the market size and forecast for the duration 2022 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 (million Tons) (US$ billion) 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 2022-2030.
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 (2022-2030).
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 (2022-2030).
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 (2022-2030). 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 (2022-2030).
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.
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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 (million Tons) (US$ billion) 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 2022-2030.
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 (2022-2030).
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 (2022-2030).
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 (2022-2030). 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 (2022-2030).
Historical & Forecast Period
This report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.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 generated 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.
- The 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.
Market Segmentation
Product
- Heavy Naphtha
- Light Naphtha
application
- Chemical
- Energy/Fuels
- Others
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 2030.
- 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?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Naphtha Market
2.2. Global Naphtha Market, by Product, 2021 (US$ Million)
2.3. Global Naphtha Market, by application, 2021 (US$ Million)
2.4. Global Naphtha Market, by Geography, 2021 (US$ Million)
2.5. Impact of COVID-19
2.6. Attractive Investment Proposition by Geography, 2021
2.7. Competitive Analysis
2.7.1. Market Positioning of Key Naphtha Market Vendors
2.7.2. Strategies Adopted by Naphtha Market Vendors
2.7.3. Key Industry Strategies
3. Naphtha Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Naphtha Market Value, 2020-2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat of Substitutes
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Naphtha Market: by Product, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Heavy Naphtha
4.3.2. Light Naphtha
5. Naphtha Market: by application, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Chemical
5.3.2. Energy/Fuels
5.3.3. Others
6. North America Naphtha Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Naphtha Market: by Product, 2020-2030, USD (Million)
6.3. Naphtha Market: by application, 2020-2030, USD (Million)
6.4. Naphtha Market: by Region, 2020-2030, USD (Million)
6.4.1. North America
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.1.3. Rest of North America
7. UK and European Union Naphtha Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Naphtha Market: by Product, 2020-2030, USD (Million)
7.3. Naphtha Market: by application, 2020-2030, USD (Million)
7.4. Naphtha Market: by Region, 2020-2030, USD (Million)
7.4.1. UK and European Union
7.4.1.1. UK
7.4.1.2. Germany
7.4.1.3. Spain
7.4.1.4. Italy
7.4.1.5. France
7.4.1.6. Rest of Europe
8. Asia Pacific Naphtha Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Naphtha Market: by Product, 2020-2030, USD (Million)
8.3. Naphtha Market: by application, 2020-2030, USD (Million)
8.4. Naphtha Market: by Region, 2020-2030, USD (Million)
8.4.1. Asia Pacific
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. India
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Rest of Asia Pacific
9. Latin America Naphtha Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Naphtha Market: by Product, 2020-2030, USD (Million)
9.3. Naphtha Market: by application, 2020-2030, USD (Million)
9.4. Naphtha Market: by Region, 2020-2030, USD (Million)
9.4.1. Latin America
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
10. Middle East and Africa Naphtha Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Naphtha Market: by Product, 2020-2030, USD (Million)
10.3. Naphtha Market: by application, 2020-2030, USD (Million)
10.4. Naphtha Market: by Region, 2020-2030, USD (Million)
10.4.1. Middle East and Africa
10.4.1.1. GCC
10.4.1.2. Africa
10.4.1.3. Rest of Middle East and Africa
11. Company Profiles
11.1. Siraf Refineries Infrastructure Company (SRIC)
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. ADNOC
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. BP p.l.c.
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. Chevron Corporation.
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. CNPC
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. Exxon Mobil Corporation
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Indian Oil Corporation Ltd.
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. PetroChina Company Limited
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. Reliance Industries
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. Saudi Aramco
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic Initiatives
11.11. Shell
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Portfolio
11.11.4. Strategic Initiatives
11.12. Sinopec Corp.
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Portfolio
11.12.4. Strategic Initiatives
11.13. Total S.A
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Portfolio
11.13.4. Strategic InitiativesList of Figures
Figure 1. Global Naphtha Market: Market Coverage
Figure 2. Research Methodology and Data Sources
Figure 3. Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4. Global Naphtha Market: Quality Assurance
Figure 5. Global Naphtha Market, By Product, 2021
Figure 6. Global Naphtha Market, By application, 2021
Figure 7. Global Naphtha Market, By Geography, 2021
Figure 8. Global Naphtha Market, By Product, 2021 vs 2030, %
Figure 9. Global Naphtha Market, By application, 2021 vs 2030, %
Figure 10. U.S. Naphtha Market (US$ Million), 2020-2030
Figure 11. Canada Naphtha Market (US$ Million), 2020-2030
Figure 12. Rest of North America Naphtha Market (US$ Million), 2020-2030
Figure 13. UK Naphtha Market (US$ Million), 2020-2030
Figure 14. Germany Naphtha Market (US$ Million), 2020-2030
Figure 15. Spain Naphtha Market (US$ Million), 2020-2030
Figure 16. Italy Naphtha Market (US$ Million), 2020-2030
Figure 17. France Naphtha Market (US$ Million), 2020-2030
Figure 18. Rest of Europe Naphtha Market (US$ Million), 2020-2030
Figure 19. China Naphtha Market (US$ Million), 2020-2030
Figure 20. Japan Naphtha Market (US$ Million), 2020-2030
Figure 21. India Naphtha Market (US$ Million), 2020-2030
Figure 22. Australia Naphtha Market (US$ Million), 2020-2030
Figure 23. South Korea Naphtha Market (US$ Million), 2020-2030
Figure 24. Rest of Asia Naphtha Market (US$ Million), 2020-2030
Figure 25. Brazil Naphtha Market (US$ Million), 2020-2030
Figure 26. Mexico Naphtha Market (US$ Million), 2020-2030
Figure 27. Rest of Latin America Naphtha Market (US$ Million), 2020-2030
Figure 28. GCC Naphtha Market (US$ Million), 2020-2030
Figure 29. Africa Naphtha Market (US$ Million), 2020-2030
Figure 30. Rest of Middle East and Africa Naphtha Market (US$ Million), 2020-2030List of Tables
Table 1 Global Naphtha Market by Product, 2020-2030, USD (Million)
Table 2 Global Naphtha Market by application, 2020-2030, USD (Million)
Table 3 North America Naphtha Market by Product, 2020-2030, USD (Million)
Table 4 North America Naphtha Market by application, 2020-2030, USD (Million)
Table 5 UK and European Union Naphtha Market by Product, 2020-2030, USD (Million)
Table 6 UK and European Union Naphtha Market by application, 2020-2030, USD (Million)
Table 7 Asia Pacific Naphtha Market by Product, 2020-2030, USD (Million)
Table 8 Asia Pacific Naphtha Market by application, 2020-2030, USD (Million)
Table 9 Latin America Naphtha Market by Product, 2020-2030, USD (Million)
Table 10 Latin America Naphtha Market by application, 2020-2030, USD (Million)
Table 11 Middle East and Africa Naphtha Market by Product, 2020-2030, USD (Million)
Table 12 Middle East and Africa Naphtha Market by application, 2020-2030, USD (Million)
Companies Mentioned
- Siraf Refineries Infrastructure Company (SRIC)
- ADNOC
- BP p.l.c.
- Chevron Corporation.
- CNPC
- Exxon Mobil Corporation
- Indian Oil Corporation Ltd.
- PetroChina Company Limited
- Reliance Industries
- Saudi Aramco
- Shell
- Sinopec Corp.
- Total S.A.
