Naphtha Market is predicted to reach USD 377.2 billion at a CAGR of 3.60% during the forecast period

Pune, India, August, 2023/MRFR Press Release/- Market Research Future published a Cooked Research Report on “Global  Naphtha Market Research Report - Forecast to 2030”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.

Market Research Future (MRFR) has published a cooked research report on the “Global Naphtha Market” that contains information from 2023 to 2030. The Global Naphtha Market is estimated to register a CAGR of 3.60% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Naphtha Market— Chevron Corporation, Reliance Industries Limited, Shell Chemicals, SABIC (Saudi Arabia), BP PLC, Exxon Mobil Corporation., China Petrochemical Corporation, Indian Oil Corporation Ltd., and Novatek.

Market Highlights

The Global Naphtha Market is accounted to register a CAGR of 3.60% during the forecast period and is estimated to reach USD 377.2 Billion by 2030.

The Global Naphtha Market refers to the international marketplace for naphtha, a light and volatile hydrocarbon liquid obtained during the refining of crude oil or through natural gas processing. Naphtha is a versatile feedstock used in various industries, and its demand and pricing are influenced by several factors, including economic growth, industrial activity, petrochemical production, energy prices, and regional supply and demand dynamics.

The global naphtha market is affected by geopolitical events, changes in crude oil prices, government policies, and advancements in technologies related to the production and utilization of naphtha and its derivatives.

Segment Analysis

The Global Naphtha Market has been segmented based on type and application.

On the basis of type, the market is segmented into Light Naphtha and Heavy Naphtha. The heavy naphtha segment dominants market. In contrast to heavy naphtha, which increases fuel efficiency in catalytic reformers in refineries, light naphtha is frequently used in petrochemical steam crackers.

Based on application, the market has been segmented into Chemicals and Energy and Fuel. The chemicals segment dominated the market. It aids in the production of ethylene, propylene, and gasoline through the steam cracking process. Catalytic reformation, which involves the extraction of benzene, toluene, and xylene, is another application.

Regional Analysis

The Global Naphtha Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Naphtha Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Naphtha Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Naphtha Market comprises of Middle East, Africa, and Latin America.

In North America, the United States is a significant player in the naphtha market. The country has a vast petrochemical industry that relies on naphtha as a feedstock. It is also used as a gasoline blending component.

Europe is an important market for naphtha, both as a consumer and a producer. The region has several refineries that produce naphtha, and it is utilized in various industries, including petrochemicals and transportation. The demand for naphtha in Europe is influenced by economic growth, industrial activity, and environmental regulations.

The Asia-Pacific region was the largest consumer and producer of naphtha. These countries have robust manufacturing sectors and demand naphtha as a feedstock for producing various petrochemicals.

Furthermore, the rest of the world's Global Naphtha Market is divided into the Middle East, Africa, and Latin America. The Middle East is a significant player in the global naphtha market due to its vast oil reserves and refining capacity. They supply naphtha to both regional markets and international buyers. The Middle East is also a major player in the global petrochemical industry, utilizing naphtha to produce a wide range of chemicals.

Key Findings of the Study

• The Global Naphtha Market is expected to reach USD 377.2 Billion by 2030, at a CAGR of 3.60% during the forecast period.


• The Asia-Pacific region was the largest consumer and producer of naphtha. These countries have robust manufacturing sectors and demand naphtha as a feedstock for producing various petrochemicals.


• Based on type, the market is segmented into Light Naphtha and Heavy Naphtha holding the largest market in 2022.


• Chevron Corporation, Reliance Industries Limited, Shell Chemicals, SABIC (Saudi Arabia), BP PLC, Exxon Mobil Corporation., China Petrochemical Corporation, Indian Oil Corporation Ltd., and Novatek.

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