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.
Browse Research Report: https://www.infiniumglobalresearch.com/chemical_material/global_naphtha_market
Market Insights
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.
Segments Covered:
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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Companies
Profiled:
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.
Report
Highlights:
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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