Naphtha Market Size, Share & Trends Analysis Report By Product (Light Naphtha, Heavy Naphtha), By Application (Chemicals, Energy/Fuel), By Region (Europe, MEA, APAC), And Segment Forecasts, 2024

Description

Naphtha Market Growth & Trends:

The global naphtha market size is expected to reach USD 254.3 billion by 2030, and projected to grow at a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing global demand for transportation fuel is expected to drive growth. Demand is also being driven by its robust use for hydrocarbon cracking process in the petrochemical industry.

Naphtha is an essential part of hydrocarbon cracking process, which is conducted under extreme pressure and heat, as it exhibits superior heat resistant properties. Various environmental regulations and region dependent pricing also make the choice for usage of naphtha materials in the production process.The global demand is estimated to be worth USD 254.3 billion by 2030.

Chemical feedstock was the largest application of naphtha accounting for 69.93% of the total market share in 2023 and is anticipated to grow at a CAGR of 4.5% over the forecast period. Chemical feedstock is used for steam cracking process which produces gasoline. Growing demand for gasoline is expected to subsequently bolster demand. Lighter grades of the product are used for petrochemical steaming process, which produces rubber, olefins, polymers and aromatics.

Naphtha Market Report Highlights:

The global market is also being driven by increasing demand of plastics in electronics, packaging and construction industries in future. Energy & fuel contributed to over 25.49% of the total market revenue in 2023. Rising energy & fuel consumption, particularly in Asia Pacific on account of rapid industrialization as well as expansion of cities, is anticipated to fuel growth. Increasing demand for automobiles is also anticipated to play a vital role in augmenting demand for fuel, which in turn is expected to have a positive impact on the market over the forecast period.
The naphtha market in Asia Pacific dominated the global naphtha market with a revenue share of 44.7% in 2023. Over the past few years, the region has emerged as the largest exporting hub of petroleum products and the trend is expected to continue over the forecast period. Development of the transport and electrical sectors in the region on account of increasing trade activities coupled with adoption of technological advancement by consumers is expected to drive demand.
The North America naphtha market held a significant share of the global naphtha market in 2023. The Middle East market is characterized by consolidation of refineries, which is expected to result in local companies expanding their presence in the global market.

Product Code: 978-1-68038-580-9

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Naphtha Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion) (Volume in Kilotons)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Naphtha Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Naphtha Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Naphtha Market: Product Movement Analysis, 2023 & 2030 (USD Billion) (Volume in Kilotons)
4.3. Light Naphtha
- 4.3.1. Light Naphtha Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
4.4. Heavy Naphtha
- 4.4.1. Heavy Naphtha Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)

Chapter 5. Naphtha Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Naphtha Market: Application Movement Analysis, 2023 & 2030 (USD Billion) (Volume in Kilotons)
5.3. Chemicals
- 5.3.1. Chemicals Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
5.4. Energy/Fuel
- 5.4.1. Energy/Fuel Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
5.5. Other Applications
- 5.5.1. Other Applications Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)

Chapter 6. Naphtha Market: Regional Estimates & Trend Analysis

6.1. Naphtha Market Share, By Region, 2023 & 2030 (USD Billion)
6.2. North America
- 6.2.1. North America Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.2.3. Canada
  - 6.2.3.1. Canada Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.3. Europe
- 6.3.1. Europe Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.2. UK
  - 6.3.2.1. UK Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.3. Germany
  - 6.3.3.1. Germany Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.4. France
  - 6.3.4.1. France Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.5. Italy
  - 6.3.5.1. Italy Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.2. China
  - 6.4.2.1. China Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.3. India
  - 6.4.3.1. India Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.4. Japan
  - 6.4.4.1. Japan Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.5. Latin America
- 6.5.1. Latin America Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.3. Argentina
  - 6.5.3.1. Argentina Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.2. South Africa
  - 6.6.2.1. South Africa Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.3. Saudi Arabia
  - 6.6.3.1. Saudi Arabia Naphtha Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Billion)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. Reliance Industries Limited
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/Strategic Initiatives
- 7.4.2. Exxon Mobil Corporation
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/Strategic Initiatives
- 7.4.3. Saudi Arabian Oil Co.
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/Strategic Initiatives
- 7.4.4. LG Chem
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/Strategic Initiatives
- 7.4.5. Formosa Petrochemical Corporation
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/Strategic Initiatives
- 7.4.6. Shell plc
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/Strategic Initiatives
- 7.4.7. Indian Oil Corporation Ltd
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/Strategic Initiatives
- 7.4.8. Asahi Kasei Corporation
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/Strategic Initiatives
- 7.4.9. Petroleos Mexicanos.
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/Strategic Initiatives
- 7.4.10. JFE Chemical Corporation
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/Strategic Initiatives

Naphtha Market Size, Share & Trends Analysis Report By Product (Light Naphtha, Heavy Naphtha), By Application (Chemicals, Energy/Fuel), By Region (Europe, MEA, APAC), And Segment Forecasts, 2024 - 2030