Global Naphtha Market 2022 Research Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market.
Global Naphtha Market CAGR is expected to be 3.51% during the forecast period and the market size is expected to reach nearly US$ 233.46 Bn. by 2029.
Naphtha Market Overview:
The purpose of this study is to provide a thorough overview of the Naphtha market by component, application, industry, and geography. The article goes into great detail about the primary factors influencing the Naphtha market's growth. The report also includes a comprehensive examination of the market's value chain.
Market Scope:
Secondary research is used to assess and predict the Naphtha industry, and it begins with sources that gather revenue data from major suppliers. When assessing market segmentation, vendor offerings are also considered. Using the bottom-up approach, the entire size of the Naphtha market was calculated using the income of major enterprises.
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Segmentation:
In terms of application, the global naphtha market is segmented into chemicals, petrochemicals, fertilizers, gasoline and others. Chemicals segment is expected to grow at the highest % CAGR during the forecast period, because of increasing demand from chemical industry. Naphtha is used in the chemical industry as a solvent for cleaning, diluting agent in bitumen extraction, in medicinal products and as a shoe polish additive.
On the basis of type, the global naphtha market is bifurcate into heavy and light naphtha. The report covers differentiates light and heavy naphtha demand, supply, and trade data. The Heavy Naphtha analysis covers naphtha with high aromatic and naphthenic content that is proper feed for reforming. While with significantly different applications light and heavy naphtha balances and prices are closely tangled.
Key Players:
We investigated the Naphtha Market from every angle, including both primary and secondary research methods. This improved our grasp of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, consumer behaviours, and so on. Following that, the data is collated and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
The major players covered in the Naphtha market report are
• British Petroleum
• Chevron
• ExxonMobil
• Shell
• CNPC
• Huarui Coal Chemicals Co., Ltd.
• Keisham Global Trading
• Typical General Trading (L.L.C)
• Jch International Co., Ltd.
• Arham Petrochem Private Limited (APPL)
• Qingdao Yonghui Petroleum Chemical CO., LTD
• Premier Commodities, LLC
• Softplus General Trading L.L.C.
• Anglo Gulf Limited
• Indian Oil Corporation Ltd
• Lotte Chemical Corporation
• Mangalore Refinery and Petrochemicals Limited
• Mitsubishi Chemical Corporation
• Novatek
• Reliance Industries Limited
• SABIC
• China Petrochemical Corporation
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
COVID-19 Impact Analysis on Naphtha Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance are among the industries affected by the COVID-19 epidemic. COVID-19 has had an impact on the Naphtha market as a whole, as well as the growth rate in 2019-2020 as COVID-19's impact spreads. Our most recent research, perspectives, and management knowledge are critical to the enterprises and associations in the Naphtha sector, which is pushing through the COVID-19 emergency to deal with the danger of digitization employment in order to provide trustworthy facts and experiences to CEOs.
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Key Questions Answered in the Naphtha Market Report are:
- Which segment captured the most market share in the Naphtha market?
- What was the Naphtha market's competitive environment in 2021?
- What are the primary elements driving the Naphtha market's growth?
- In 2021, which region had the most proportion of the Naphtha market?
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