Latest News- Naphtha Market: Heavy naphtha is expected to lead the Type segment during 2025-2029

The Naphtha Market is being driven by Increase in demand for naphtha in petrochemical industry

The Naphtha Market is expected to grow at a CAGR of 3.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 47.1 billion. In the petrochemical industry, naphtha is currently experiencing significant investment due to its profitability. This trend is driven by its suitability as a feedstock for upgrading and expanding petrochemical plants, as well as for constructing new ones. Naphtha's cost-effectiveness, compared to other feedstocks, is a major draw for companies seeking to optimize manufacturing costs. Additionally, naphtha boasts a higher yield per ton, making it an even more attractive choice. Given the escalating demand for petrochemicals and the importance of a dependable feedstock supply, naphtha has emerged as the preferred option for petrochemical manufacturers. 

Get more information on Naphtha Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Heavy naphtha
  • Light naphtha
• Application
  • Chemicals
  • Energy/fuel
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in demand for naphtha in petrochemical industry
• Rising adoption of naphtha in agricultural industry
• Rising demand for petrochemical feedstock

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations on usage of naphtha
• Volatility in global crude oil prices
• Rising demand for alternative energy sources

Benefits of Buying Global Naphtha Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Naphtha Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the post-pandemic medium term, the naphtha market is expected to witness significant changes. Economies recovering from the crisis will impact workforce and budgeting, leading to shifts in trends towards cost-effective additives. Fertilizers, polymers, synthetic rubber, and chemical intermediates will remain key consumers. Volatility in raw material prices and the availability of cheaper alternatives like LPG, rubber, oils, edible fats, and personal care products may influence investments and expenditures. The long-term implications of these shifts could significantly affect fuel, lanterns, power stoves, and various industries, including fertilizers, polymers, and chemical intermediates.

Market Research Overview

In the post-pandemic period, the global commodity chemicals market is poised for growth, driven by various factors. Key among these is the increasing demand for industrial and basic chemicals in the manufacturing sector, particularly in the production of plastics and packaging materials. The packaging industry's reliance on plastic, as the most commonly used material, is expected to continue, fueling innovation and demand for lightweight, corrosion-resistant chemicals. Furthermore, the transportation sector's recovery and the resurgence of economies will boost demand for gasoline and natural gas liquids, including light and heavy naphtha, aromatics such as benzene, toluene, and xylenes, and olefins like ethylene, propylene, and butadiene. These chemicals are essential feedstocks for various industries, including the production of polymers, fibers, and elastomers. The medium term outlook for the commodity chemicals market remains positive, with continued growth expected in key end-use industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/