The Global Naphtha Market report, published by Reports and Data, delivers several key insights into the Naphtha market, offering a competitive advantage to our clients. The report offers an extensive overview of the market, along with an in-depth summary of the market’s leading players.
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. Its poor lubricity it 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 good dissolving power. It availability in varying ranges from the ordinary paraffin straight-run to the highly aromatic types and different level of volatility helps in delivering products usable 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.
Leading Market Competitors:
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.
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Global Naphtha Market Segmentation:
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
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Regional and Country-wise Segmentation of the Global Naphtha Market:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Major Highlights of the Global Naphtha Market Report:
- The study analyzes the various manufacturing processes of the products offered by this industry, alongside determining their respective market shares and contribution to the overall business development.
- It offers critical insights related to the production capacity, estimated growth, and revenues amassed by each regional segment over the projected timeframe.
- The report encompasses crucial information, for instance, product pricing patterns, total revenue generated, and anticipated growth rate of each product and application type.
- The report further emphasizes the product portfolios of each of these companies and the respective specifications and applications of these products.
- Production capacity, manufacturing costs, gross margins, pricing models, and revenue shares of these companies have also been discussed at the end of this report.
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