The latest report on Naphtha Market by Infinium Global Research gives complete coverage of the Naphtha Market by application(chemicals, energy, fuels), chemical industry segment dominates the global naphtha market due to increasing usage in steam cracking process in terms of key trends, market size, forecast and CAGR growth over the period of 2017 to 2023. In addition, the study covers deep dive into key product and applications trends in the regional markets of Naphtha such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The global Naphtha market was sized over USD XX billion in 2015. The global Naphtha market is projected to grow with a CAGR of x.xx% during 2017-2023 and reach USD XX billion by 2023. Increasing demand of gasoline globally is the prime factor driving the growth of naphtha market. Furthermore, growing demand for naphtha as a feedstock in petrochemical industry will also drive the global naphtha market over the forecast period. Moreover, increasing demand of petrochemicals, primarily propylene and ethylene for the production of plastic will in turn drive the global naphtha market over the forecast period. However, volatility in crude oil prices and stringent government regulations associated with the manufacturing of naphtha considering its toxicity will remain the major restraining factor of global naphtha market. Moreover, availability of other cheaper alternatives such as LPG and shale gas will also restrain the growth of global naphtha market over the forecast period. Hence, recent technological developments such as advance furnace materials and advanced distillation process as well as growing focus on developing economies will bring more opportunities to the global naphtha market over the forecast period.
The report segments the naphtha market by application and by region. Naphtha market segmentation based on application includes chemicals, energy/fuels and others. Moreover, chemical industry segment dominates the global naphtha market due to increasing usage in steam cracking process.
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Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Latin America and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023.
Asia Pacific is the largest market for naphtha accounted for over 60% of the total volume share. Furthermore, Asia Pacific is likely to continue its dominance in the global naphtha market due to growing chemical industry and expanding end use industries such as construction, automotive and plastic in developing economies like India, Taiwan and South Korea. Asia Pacific is anticipated to grow at a highest CAGR rate over the forecast period due to growing global demand of naphtha. North America is the second largest market for naphtha following the Asia Pacific and is likely to witness moderate growth due to higher prices of naphtha and shifting trends towards availability of other cheaper alternatives. Furthermore, Europe is also likely to witness slow growth rate sue to higher crude oil prices primarily required for the distillation of naphtha. However, Latin America naphtha market will foresee a positive growth due to rising end use industries especially in Brazil and Mexico. Growing chemical industries in RoW especially in Middle East due to its geographical advantage and presence of oil refineries will bring more opportunities to the RoW naphtha market over the forecast period.
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The companies covered in the report include Shell Chemicals, British Petroleum, Chevron, ExxonMobil, Mitsubishi Chemical, Reliance Industries, Total SA, Indian Oil Corp., Novatek, Novachem, SABIC, Saudi Aramco, PetroChina Company Limited, Sinopec Corp., ADNOC and The Dow Chemicals Company.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of naphtha globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of naphtha.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the naphtha market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the naphtha market to understand the present and future trends in this market and formulate their strategies accordingly.
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