Naphtha Market by Type (Heavy, Light), by End-Use (Chemicals, Petrochemicals, Fertilizers, Gasoline, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Naphtha Market size was valued at USD 1.88 USD Billion in 2023 and is projected to reach USD 2.90 USD Billion by 2032, exhibiting a CAGR of 6.4 % during the forecast period. Naphtha is a highly flammable, volatile liquid hydrocarbon mixture derived from the distillation of crude oil or coal tar. It serves as an intermediate product in the petrochemical industry and is classified into two main types: light naphtha and heavy naphtha, based on the boiling range and composition. Naphtha is primarily used as a feedstock in the production of high-octane gasoline, ethylene, propylene, and other petrochemicals through processes like catalytic reforming and steam cracking. It is also employed as a solvent in various industrial applications, including the manufacturing of paints, cleaning fluids, and adhesives. Naphtha's versatility as a feedstock enables the production of a wide range of valuable chemicals and fuels, making it a cornerstone of the petrochemical industry.
Type:
End-Use:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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