Naphtha market Size, Product Trends, Key Companies, Revenue Share Analysis, 2022–2028
Reports and Data estimates the global Naphtha competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Naphtha during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include British Petroleum (BP PLC), AMOC (Alexandria Mineral Oils Co.), China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company, Formosa Petrochemical Co., Exxon Mobil Corporation, MGTPetroil.com, LG Chem, Reliance Industries Limited and Petroleos Mexicanos.
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Naphtha Overview :-
The Global Naphtha market is forecast to reach USD 185.64 Billion by 2028, according to a new report by Reports and Data. Naphtha can be defined as a flammable liquid, which can be produced from distilling petroleum. In regards to its traits, it has a similar boiling range and carbon number to that of gasoline, as it is a precursor to gasoline.
To be specific, no less than 10% of this corrosive fuel should distill below 175°C, and no less than 95% of the material is supposed to be distilled below 240°C under standardized distillation conditions. One of the major use of the compound is in diluting heavy oil to support its movement through pipelines, to make lighter fluid, to clean metal, and to make high-octane gas. The major use of petroleum naphtha is solvents (diluents) for paints, the precursor to gasoline and other liquid fuels, solvents for cutback asphalts, solvents for industrial extraction processes, solvents in the rubber industry and dry-cleaning solvents. Such a wide range of applications is one of the mentionable factors supporting the expansion of the sector.
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For the purpose of this report Reports and Data has segmented global Naphtha market on the basis of type, application, and region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Heavy Naptha
- Light Naphtha
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Energy & fuel additive
- Chemical feedstock
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Agriculture
- Petrochemical
- Aerospace
- Paints & Coatings
- Others
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Naphtha during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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