Global Naphtha Market Share, Size, Growth, Trends And Forecast (2018-2023)

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Global Naphtha Market Influenced by Growing
Consumption of Petrochemicals
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Report Description and Highlights
Report Description
Global Naphtha Market Influenced by Growing
Consumption of Petrochemicals The global
naphtha market has witnessed a steady growth over
the past years. This can be attributed to the
rising demand for petrochemicals, high-octane
gasoline, plastics, industrial solvents, olefins,
aromatic hydrocarbons, etc. Naphtha is a
colourless, extremely volatile and highly
flammable liquid hydrocarbon mixture. It is
obtained during the distillation of coal tar,
petroleum or wood. Depending on its composition,
source and use, naphtha is known by several names
including petroleum spirits, shellite, ligroin,
white gas, etc. It is majorly used as a feedstock
for manufacturing high-octane gasoline component.
Apart from this, naphtha also finds applications
in the chemical and paint industries as a solvent
and paint thinner. A new research report by IMARC
Group, titled Naphtha Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2018-2023 estimates that the global
naphtha market was worth US 144 Billion in 2017.
The report further anticipates the market to
reach a value of US 181 Billion by 2023, at a
projected CAGR of more than 3 over the forecast
period.
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Report Description and Highlights
Report Description

• Global Naphtha Market Drivers/Constraints
• Naphtha is employed as a feedstock in the
  petrochemical industry for the production of
  several olefins and aromatics such as ethylene,
  propylene, butadiene, benzene and toluene. Growth
  in the petrochemical industry is increasing the
  demand for naphtha globally.
• Derivatives of naphtha are used for manufacturing
  industrial chemicals, plastics and synthetic
  fibre precursors. A rise in the usage of these
  end-products has created an attractive market for
  naphtha, thereby facilitating the market growth.
• Olefin-rich naphtha is used for blending gasoline
  as it enables economic production of high-octane
  fuel. A surge in the demand for low-cost fuel due
  to expanding population and rapid urbanization
  has further increased the consumption of naphtha
  in both the developed and developing regions.
• There are myriad factors that hamper the growth
  of the global naphtha market. Naphtha needs high
  safety precautions as it is volatile at room
  temperature and toxic in nature.
• Read more here https//www.imarcgroup.com/naphtha
  -market

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Report Description and Highlights
Report Description
Application Insights Based on application, the
market has been segmented into petrochemical
feedstock and gasoline blending. Among these,
petrochemical feedstock holds the majority of the
global market share as naphtha is one of the
primary raw materials used in the production of
petrochemicals such as propylene, ethylene,
toluene, benzene, etc   Regional
Insights On a geographical front, Asia Pacific
enjoys a leading position in the global naphtha
market. Rising consumption of plastics in the
region has escalated the demand for
petrochemicals, thereby bolstering the growth of
the market. Other major regions include Europe,
North America, Latin America, and Middle East and
Africa. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
872flagB
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Report Description and Highlights

• Competitive Landscape
• The competitive landscape of the global naphtha
  market has also been analysed with some of the
  leading players being
• BP
• Chevron
• ExxonMobil
• Lotte Chemical Corporation
• Mangalore Refinery and Petrochemicals Limited
• OAO Novatek
• SABIC
• Shell Chemicals
• Sinopec
• Total S.A.
• Vitol
• Mitsubishi Chemical
• Reliance Industries Limited
• Indian Oil Corporation

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Report Description and Highlights
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https//www.imarcgroup.com/lithium-compound-market

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Report Description and Highlights
Report Description

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