Naphtha Market Overview:
As per Market Research Future (MRFR)’s analysis, the global naphtha market is poised to scale new heights over the forecast period 2018 to 2023. It has developed application across different industrial processes such as the production of gasoline, shoe polish, cleaning fluids, and fuel for portable stoves. The expected upsurge in the demand for end-use products is likely to drive the growth of the market in the forthcoming years.
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Naphtha Market Competitive Dashboard:
Some of the prominent players profiled in this MRFR report are Chevron Corporation. (US), Exxon Mobil Corporation. (US), Indian Oil Corporation Ltd (India), BP PLC (UK), Lotte Chemical Corporation (South Korea), Mitsubishi Chemical Corporation (Japan), Novatek (Russia), Mangalore Refinery and Petrochemicals Limited (India), Reliance Industries Limited (India), Shell Chemicals (US), SABIC (Saudi Arabia), and China Petrochemical Corporation (China).
Naphtha Market Regional Analysis:
By region, the global naphtha market has been segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest market for naphtha, and the governments are also taking initiatives in establishing naphtha cracking facilities in the region. The market is anticipated to remain highly lucrative in the foreseeable future. The fast-developing economies such as China, India, Indonesia, and Thailand are witnessing high consumption of gasoline & energy. This, in turn, has been presumed to catapult the naphtha market on an upward trajectory over the assessment period.
North America is poised to secure the second spot in the global naphtha market. The factors expected to drive the market growth are a revival of the automotive industry, expansion & diversification of key players in the region, skyrocketing gasoline consumption, etc.
The Middle East & Africa is an important revenue pocket as it has emerged as the largest exporter od naphtha over the last few years. Furthermore, the presence of oil & gas producing countries in the region is prognosticated to augment the naphtha market in the region.
Naphtha Market Segmentation:
This MRFR report presents a detailed segmental analysis of the naphtha market based on type, application, and process. On the basis of type, the market has been segmented into heavy naphtha and light naphtha.
Based on application, the global naphtha market is segmented into chemicals, energy and fuel, and others.
By process, the naphtha market has been segmented into naphtha reforming, gasoline blending, steam cracking, and others.
Naphtha Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Naphtha Market
Naphtha Market Table of Content to be Continue…...,
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