"Actionable Insights to Fuel Your Growth"

Naphtha Market Size, Share and Global Trend By Type (Heavy, Light), By End-Use (Chemicals, Petrochemicals, Fertilizers, Gasoline, Others) and Geography Forecast till 2022-2029

Region : Global | Report ID: FBI101316 | Status : Ongoing

 

KEY MARKET INSIGHTS

Naphtha is flammable, colorless, and a volatile hydrocarbon generally obtained from the petroleum refineries through fractional distillation of crude oil or boiling coal tar. Naphtha is obtained at the temperature ranges between 30o C and 200o C with hydrocarbons containing 5 to 12 carbon atoms.

Naphtha is generally used as a solvent, feedstock or diluent for different end uses. The naphtha obtained from other sources such as coal tar and shales is known by different names. The naphtha obtained by distillation of coal tar is known as coal-tar naphtha while the naphtha obtained from distillation of oil produced in the bituminous shales is known as shale naphtha.

To gain extensive insights into the market, Request for Customization


By type, the naphtha market is bifurcated as a heavy, and light naphtha. The light naphtha is composed of pentane and slightly heavier materials and obtained from distillation of crude oil at a temperature of around 30-90oC. The heavy naphtha is derived from the atmospheric distillation unit at a temperature of around 90-200oC and is composed of hydrocarbons of 7-9 carbon atoms.

By end-use, the naphtha market is segmented on the basis of the application of naphtha as a feedstock in manufacturing chemicals, fertilizers, gasoline, and petrochemicals among others. The petrochemicals and chemical segments are expected to dominate the global naphtha market by end-use owing to the high demand for naphtha as a feedstock for manufacturing different chemicals and petrochemicals.


Naphtha is a widely used product as a solvent, diluent, or feedstock in different processes. Naphtha is a product from the distillation of crude oil and countries that are not involved in the exploration and production of crude oil import products like naphtha from the oil-producing countries.

Some countries such as India have recently reduced the customs duty on naphtha which is likely to aid in the growth of the naphtha market in the coming years. Naphtha has high demand in the chemical and petrochemical industries. The increase in the demand for chemical and petrochemical products is expected to boost the growth of chemical and petrochemical industries. Owing to this, the naphtha market is expected to grow at a healthy rate in the near future.


Naphtha is a carcinogenic, flammable, and irritates the skin on exposure. Owing to these qualities, the storage, and transport of naphtha has to be in an isolated environment which adds in the cost of transportation and storage. This non-economic cost is expected to have a negative impact on the growth of the naphtha market in the coming years.


Key Players Covered


Some of the major companies that are present in the global naphtha market are Saudi Aramco, Chevron Phillips Chemical Company, MGT PetrOil Group, Total S.A., Vitol Group, Zahara Group, Alexandria Mineral Oils Co., Pure Chemicals Co., Qatar Petroleum, UPM - The Biofore Company, Mangalore Refinery and Petrochemicals Limited, Gem Polymer Petrochemicals L.L.C, Banner Chemicals Group, and Basin Electric Power Cooperative, among others.


SEGMENTATION






















SEGMENTATION



 DETAILS



By Type



· Heavy


· Light



By End-Use



· Chemicals


· Petrochemicals


· Fertilizers


· Gasoline


· Others



By Geography



· North America (the USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico, and Rest of Latin America)


· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Regional Analysis


The global naphtha market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region is among the key producers of oil and natural gas. The region is expected to hold the lion's share in the global oil well count. The petrochemical industry is growing in the region in order to meet the increasing demand for petrochemical and other allied products. The growth of the petrochemical industry is expected to boost the growth of the naphtha market in the coming years. Europe region is a key producer of chemicals and other allied products. The growth of the chemical industry in Europe is expected to drive the naphtha market in the coming years. Latin America region has a moderately growing fertilizer industry, and the growth of the industry has created a demand for naphtha as feedstock. Thus, the growth of the fertilizer industry in Latin America is expected to add in augmenting the growth of the naphtha market during the forecast period. Asia Pacific region is a high potential region for the growth of the naphtha market. Countries such as China and India have witnessed decent growth in the agrochemical, paints and coatings and petrochemical industries in recent past owing to high demand and economical labor costs in the countries. The growth of these industries in the Asia Pacific region is forecast to boost the sales of naphtha as a raw material in the coming years. The Middle East and Africa region have a moderately growing chemical industry. Owing to this, the demand for naphtha as a feedstock is expected to witness steady growth during the forecast period.


Key Industry Developments




  • In July 2019, PDV LLC, a Venezuela based oil and gas company has announced its plans to build smalle pipelines to cope up with the shortages faced for imported naphtha which has caused obstructions in the production and exports of heavy crude
  • In July 2019, Naphtha was imported from Russia to a Venezuelan company PDV LLC through ships. The quantity of naphtha exported was around 330,000t to cater to the gasoline demand in the country
  • In July 2019, Indian Government reduced the customs duty imposed on naphtha from 5% to 4% which is expected to boost the demand for naphtha in India

Naphtha Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850
    Pre Book

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Abb
Itochu
Sumitomo
Schlumberger
Nikon

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X