Naphtha Market Size, Share, Industry, Trends, Report & Forecast 2019-2024

According to a new report by Expert Market Research titled, ‘Global Naphtha Market Report and Forecast 2019-2024’, the global naphtha market size reached the value of nearly USD 147.8 Billion in 2018. The market is further expected to grow at a CAGR of 2.9% between 2019 and 2024

Get a Free Sample Report: https://www.expertmarketresearch.com/request?type=report&flag=B&id=216

Competitive Landscape & Supplier Analysis

1. Shell (NYSE: RDS.A) 2. Chevron Phillips Chemical Company 3. Exxon Mobil Corporation (NYSE: XOM) 4. Mitsubishi Chemical Corporation (OTCMKTS: MTLHY) 5. SABIC (TADAWUL: 2010) 6. LOTTE Chemical CORPORATION (KRX: 011170) 7. Indian Oil Corporation Ltd (NSE: IOC) 8. Vitol 9. Reliance Industries Limited (NSE: RELIANCE) 10. Others

Global naphtha market is majorly dominated by the Asia Pacific market, which is being driven by the rapidly emerging economies within the region. The Middle East region is one of the significant producers of the naphtha, which is the result of its favourable geographical location. Within Asia Pacific, China has emerged as a leading market for the product, accounting for nearly one-fifth of the global market share. In 2018, China imported 516, 985 tons of naphtha, recording an increment of 11% in comparison to 2017. The demand for naphtha is increasing steadily with the increase in demand for plastic products, especially in the developing economies. Out of the two varieties of naphtha, the production of heavy naphtha remains twice the production of its light variety, thus occupying most of the market.

To view the report summary and Table of Contents, click on it: https://www.expertmarketresearch.com/reports/naphtha-market

The expanding petrochemical industry and the rising global demand for petrochemical products is further aiding the global naphtha market. Most of the petrochemicals are produced from naphtha, though light naphtha is generally used in petrochemical steam crackers. In June 2019, Chevron Phillips Chemical Company LLC, a joint venture of Chevron Corp. (NYSE: CVX) and Houston-based Phillips 66 (NYSE: PSX), signed an agreement to develop a world-scale petrochemical complex in Qatar, in partnership with Qatar Petroleum. After this successful collaboration, both Chevron Phillips and Qatar Petroleum, signed a new agreement in September 2019, according to which they will jointly develop a new petrochemical plant in the U.S. Gulf Coast region, thus producing new growth opportunities for naphtha market, globally.

1 Preface 2 Research Methodology 3 Executive Summary 3.1 Market Overview 3.2 Key Demand Drivers 3.3 Key Players 3.4 Supply Market Changes 4 Global Naphtha Market Outlook 5 Global Naphtha Market 5.1 Global Naphtha Market Analysis 5.1.1 Figure: Global Naphtha Historical Market (2014-2018) & Forecast (2019-2024) 5.1.2 Chart: Global Naphtha Market Breakup by Type 5.1.2.1 Light 5.1.2.2 Heavy 5.1.3 Figure: Global Naphtha Market Breakup by Type: Historical Market (2014-2018) & Forecast (2019-2024) 5.1.3.1 Light 5.1.3.2 Heavy 5.1.4 Chart: Global Naphtha Market Breakup by End User Industries 5.1.4.1 Petrochemical 5.1.4.2 Agriculture 5.1.4.3 Paints and Coatings 5.1.4.4 Aerospace 5.1.4.5 Others 5.1.5 Figure: Global Naphtha Market Breakup by End User Industries: Historical Market (2014-2018) & Forecast (2019-2024) 5.1.5.1 Petrochemical 5.1.5.2 Agriculture 5.1.5.3 Paints and Coatings 5.1.5.4 Aerospace 5.1.5.5 Others 5.1.6 Chart: Global Naphtha Market Breakup by Region 5.1.6.1 North America 5.1.6.2 Europe 5.1.6.3 Asia Pacific 5.1.6.4 LATAM 5.1.6.5 Middle East and Africa 5.1.7 Figure: Global Naphtha Market Breakup by Region: Historical Market (2014-2018) & Forecast (2019-2024) 5.1.7.1 North America 5.1.7.2 Europe 5.1.7.3 Asia Pacific 5.1.7.4 LATAM 5.1.7.5 Middle East and Africa 5.2 SWOT Analysis 5.2.1 Overview 5.2.2 Strengths 5.2.3 Weaknesses 5.2.4 Opportunities 5.2.5 Threats

Related Reports:

https://www.expertmarketresearch.com/reports/anti-fog-additives-market https://www.expertmarketresearch.com/reports/latam-carbon-black-market https://www.expertmarketresearch.com/reports/europe-carbon-black-market https://www.expertmarketresearch.com/reports/packaged-wastewater-treatment-market

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Contact us

Expert Market Research Twitter: @expertmresearch Website: www.expertmarketresearch.com Email: sales@expertmarketresearch.com USA/Canada: +1-415-325-5166 | UK: +44-702-402-5790 LinkedIn: https://www.linkedin.com/company/expert-market-research/