Naphtha Market Size, Trends, Revenue Share Analysis, Forecast, 2020–2028

Naphtha Market

Reports and Data have recently added a new report titled “Global Naphtha Market Research Report 2021” to its ever-expanding repository which offers a comprehensive overview of the Naphtha market including current and emerging trends, consumer behavior patterns, competitor strategies, brand promotions, and product launches, among others. The report covers the initial and future impact assessment of the COVID-19 pandemic on the overall market and offers key insights into the remuneration condition in a post-COVID-19 scenario. The report also offers key insights into production and consumption ratio, import/export, supply and demand patterns, market share, market size, and revenue growth. The study also offers a comprehensive outlook for the driving and restraining factors along with micro and macro-economic factors expected to affect the growth of the industry.

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 difficult corrosive fuel that has poor lubricity and low flashpoint. The poor lubricity is important to include a lubricity enhancer when using the compound. The fuel can be categorized into two types, aromatic and aliphatic. The difference in these two sub-categories of fuel is based on the kind of hydrocarbons forming up the solvent and the process of its manufacturing. Aliphatic solvents are formed of cycloparaffins (naphthenes) and paraffinic hydrocarbons. It can be directly obtained by distillation from crude petroleum. In the case of aromatics, which is generally alkyl-substituted benzene and rarely found, it can be obtained from petroleum as straight-run materials. Naphtha is considered to be an essential solvent due to its good dissolving power. Its availability in varying ranges from the ordinary paraffin straight-run to the highly aromatic types and different levels of volatility helps in delivering products used for various purposes. Some of its major uses are as solvents for cutback asphalt, solvents (diluents) for paints, and solvents in the rubber industry, among others. Thus, such a wide arena of applications is fostering the growth of the market.

Additionally, it discusses effective plans and development strategies, with tables and figures helping analyze the worldwide Naphtha market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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Key participants 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.

For the purpose of this report, Reports and Data have segmented the global Naphtha market according to Type, Application, End-user, 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

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End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

  • Agriculture
  • Petrochemical
  • Aerospace
  • Paints & Coatings
  • Others

Reasons for Buying this Report:

  • The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
  • The study provides pinpoint analysis for changing competitive dynamics.
  • The report helps readers in understanding the product segments and their future growth.
  • Analysts in this research report can quickly expand their business by focusing on various business and market strategies. 
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
  • PEST analysis of the market in the five major regions.

To know more about the report @ https://www.reportsanddata.com/report-detail/naphtha-market

Thank you for reading our report. In case of further queries regarding the report or inquiry about its customization, please connect with us. We will ensure your report is well-suited to your requirements.

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