The Naphtha Market size was USD 180.83 billion in 2023 and is expected to reach USD 248.99 billion by 2032 and grow at a CAGR of 4.08% over the forecast period of 2024-2032. This report provides a comprehensive analysis of production capacity and utilization by country and type in 2023, highlighting key trends in supply dynamics. It examines feedstock prices across regions and types, offering insights into cost fluctuations and market impact. The regulatory landscape is assessed, detailing policy influences on production and trade. Environmental metrics, including emissions data, waste management practices, and sustainability initiatives, are analyzed to gauge industry efforts toward greener operations. Innovation and R&D trends by type are explored, showcasing advancements in technology and product development. The report delivers a holistic view of market shifts, regulatory challenges, and sustainability trends. These insights help stakeholders navigate industry dynamics and strategic decision-making.
The United States held the largest market share, accounting for 76% of the total market, with a valuation of USD 29.62 billion. This dominance is driven by its well-established industrial infrastructure, high production capacity, and advanced technological innovations across key sectors. The country benefits from abundant raw material availability, a strong regulatory framework supporting industry growth, and significant investments in research and development. Additionally, the presence of major market players, coupled with a robust supply chain and increasing demand across various industries, has solidified the U.S. position as the market leader. Favorable government policies and continuous advancements in sustainability practices further contribute to its market strength.
Drivers
Rising Demand for petrochemical feedstock in expanding plastics and chemical industries drives the naphtha market.
The increasing demand for petrochemical feedstock, particularly in the rapidly expanding plastics and chemical industries, is a key driver for the naphtha market. As industries shift toward high-performance polymers and synthetic materials, naphtha remains a crucial raw material for ethylene and propylene production. Emerging economies, particularly in the Asia-Pacific, are witnessing a surge in manufacturing activities, further fueling demand for naphtha. Additionally, advancements in refining technologies have enhanced the efficiency of naphtha cracking, optimized production processes, and lowered costs. The growing consumption of consumer goods, automotive components, and industrial chemicals has further strengthened the demand for naphtha-based petrochemicals. Governments in leading economies are also supporting infrastructure development and industrialization, contributing to higher consumption of naphtha in downstream applications. These factors collectively position naphtha as a vital component of the global petrochemical value chain.
Restrain
Fluctuating crude oil prices and supply chain disruptions create volatility in the global naphtha market.
The naphtha market is significantly influenced by crude oil price fluctuations, creating uncertainty in production costs and profitability for industry players. Since naphtha is derived from crude oil, any volatility in global oil prices directly impacts its pricing structure, affecting supply stability. Geopolitical tensions, trade restrictions, and energy crises have further contributed to unpredictable oil price swings, making long-term procurement planning challenging for manufacturers. Additionally, disruptions in the global supply chain, such as port congestion, transportation bottlenecks, and regulatory constraints, have hindered the steady availability of naphtha. Refineries dependent on imported crude face production slowdowns due to inconsistent supply, raising concerns over operational efficiency. These factors have forced market participants to explore alternative feedstocks or adopt cost-effective refining techniques to mitigate the risks associated with price fluctuations and supply instability.
Opportunity
Advancements in naphtha cracking technologies enhance production efficiency and reduce environmental impact in refineries.
Technological advancements in naphtha cracking have created significant opportunities for market expansion, improving production efficiency while addressing environmental concerns. Innovations in catalytic cracking and steam reforming techniques have enabled refiners to maximize yields while minimizing waste generation and energy consumption. Enhanced cracking processes have also facilitated the production of higher-value petrochemical derivatives, meeting the rising demand for plastics, synthetic rubber, and specialty chemicals. Moreover, the integration of carbon capture technologies in refining units has helped reduce greenhouse gas emissions, making naphtha-based production more sustainable. With stricter environmental regulations worldwide, refineries are investing in cutting-edge technologies to enhance operational efficiency and comply with sustainability targets. These advancements position naphtha as a competitive feedstock in the global petrochemical industry, offering long-term growth potential for market players adapting to evolving industry demands.
Challenge
The transition toward alternative feedstocks and bio-based chemicals poses competition for naphtha-based production.
The rising focus on sustainability and the transition toward alternative feedstocks have emerged as significant challenges for the naphtha market. Increasing investments in bio-based chemicals, such as bioethanol, bio-naphtha, and synthetic gas, are shifting the industry's reliance away from traditional fossil-based naphtha. Governments worldwide are promoting green alternatives through subsidies, carbon taxes, and stricter environmental policies, encouraging industries to adopt eco-friendly feedstocks. Additionally, advancements in plastic recycling technologies and the circular economy approach have reduced the demand for virgin petrochemicals, indirectly impacting naphtha consumption. The growing penetration of hydrogen-based and electric vehicle technologies is also limiting demand for naphtha-derived gasoline, creating long-term market uncertainty. As industries explore sustainable alternatives, naphtha producers must innovate and diversify their product portfolios to maintain competitiveness in the evolving energy and chemical landscape.
By Product Type
The Light Naphtha segment held the largest market share at around 64% in 2023. owing to their heavy application as primary feedstock being used in petrochemicals such as ethylene and propylene for steam cracking. Its narrower boiling range and greater hydrogen content make it a suitable feedstock for the production of plastics, synthetic rubbers, and other high-value chemicals. Light naphtha is also benefiting from the increased consumption of the light naphtha associated with the gasoline blending demand, which improves fuel efficiency as well as lowers emissions. Downstream applications have tightened the demand for light naphtha due to rising investments at petrochemical infrastructure hubs, particularly in the Asia-Pacific region and the Middle East. Additionally, processing technologies and catalytic cracking yields have further made light naphtha an attractive option for refineries. So, these are the factors that lead to light naphtha's heavy position in the market.
By Application
The chemical segment accounted for the largest share, around 65% in 2023 of the naphtha market. They provide base materials for a wide range of products such as plastics, synthetic rubber, adhesives, and industrial chemicals, which have huge demand in various sectors like packaging, automotive, construction, and others. The growth of the petrochemical sector, especially in the Asia-Pacific, has substantially propelled naphtha consumption for chemical production. Moreover, the development of naphtha cracking technologies has improved efficiency with the potential for larger production of key chemicals. The chemical sector holds the major share of the naphtha market, which is further expected to be bolstered by the rising demand for specialty chemicals and performance materials against the backdrop of industrialization and infrastructure growth.
Asia Pacific held the largest market share, around 45.23%, in 2023. It is owing to the developments in the petrochemical industry in the region, alongside rapid industrialization and increasing demand for plastics, synthetic fibers, and specialty chemicals. Naphtha is a feedstock for such a complex, massive naphtha-based petrochemical complexes that have been built in countries such as China, India, Japan, and South Korea to produce ethylene, propylene, and aromatics. Demand for naphtha-based products was further stoked by a rise in consumer goods, auto parts, and packaging. Moreover, increasing refinery investments coupled with expansions throughout the region have improved the production capacity of naphtha, which promises a steady supply for the downstream applications. The region's dominance in the naphtha market can also be attributed to positive government industrial initiatives along with a robust manufacturing base. Gaining attraction in the region powers the need for energy, and increasing vehicle sales also form a major fraction of the market leadership
North America held a significant market share. It is due to advanced refining capabilities, captive production, and consumers of petrochemicals throughout the region. The U. This has further solidified its market position based on the increasing desire for ethylene and propylene from the growing plastics, automotive, and packaging industries within the region. Also, the productivity in refining technologies and shale oil extraction has improved the production of naphtha and cost-effective supply in naphtha production. North America's petchem supremacy is also bolstered by its highly favorable government policies in support of the petrochemical industry and growing naphtha exports to Asia and Europe. Moreover, its overall market share is further strengthened in the region due to high gasoline consumption, in which naphtha is a major blending component.
Exxon Mobil Corporation
BP PLC
Shell Chemicals
Chevron Corporation
Saudi Arabian Oil Co. (Saudi Aramco)
Reliance Industries Limited
China Petrochemical Corporation (Sinopec)
Indian Oil Corporation Ltd
Formosa Petrochemical Corporation
LG Chem
Novatek
Mitsubishi Chemical Corporation
PetroChina Company Limited
Lotte Chemical Corporation
SABIC
TotalEnergies
Petróleos Mexicanos (Pemex)
Sasol Limited
QatarEnergy
SK Innovation
In 2025, Shell finalized the sale of its Singapore refinery and refining assets to a joint venture formed by Chandra Asri and Glencore. This transaction encompassed the Bukom and Jurong Islands facilities, strengthening Chandra Asri’s presence in Southeast Asia’s petrochemical industry.
In 2024, the Indian Oil Corporation announced plans to invest 610 billion rupees (USD 7 billion) in a naphtha cracker project in Paradip, Odisha. The project aims to enhance its existing refinery operations and boost its petrochemical production capacity.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 180.83 Billion |
| Market Size by 2032 | USD248.99 Billion |
| CAGR | CAGR of4.08 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Light Naphtha, Heavy Naphtha) • By Application (Chemicals, Energy/Fuel, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Exxon Mobil Corporation, BP PLC, Shell Chemicals, Chevron Corporation, Saudi Arabian Oil Co. (Saudi Aramco), Reliance Industries Limited, China Petrochemical Corporation (Sinopec), Indian Oil Corporation Ltd, Formosa Petrochemical Corporation, LG Chem, Novatek, Mitsubishi Chemical Corporation, PetroChina Company Limited, Lotte Chemical Corporation, SABIC, TotalEnergies, Petróleos Mexicanos (Pemex), Sasol Limited, QatarEnergy, SK Innovation |
Ans: The Naphtha Market was valued at USD 180.83 billion in 2023.
Ans: The expected CAGR of the global Naphtha Market during the forecast period is 4.08%.
Ans: Chemical segment will grow rapidly in the Naphtha Market from 2024 to 2032.
Ans: The rising demand for petrochemical feedstock in expanding plastics and chemical industries drives the naphtha market.
Ans: Asia Pacific led the Naphtha Market in the region with the highest revenue share in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization by Country, By Type, 2023
5.2 Feedstock Prices by Country, and Type, 2023
5.3 Regulatory Impact by Country and By Type 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies By Region
6.2 Market Share Analysis By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion Plans and New Product Launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Naphtha Market Segmentation By Product Type
7.1 Chapter Overview
7.2 Light Naphtha
7.2.1 Light Naphtha Trend Analysis (2020-2032)
7.2.2 Light Naphtha Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Heavy Naphtha
7.3.1 Heavy Naphtha Market Trends Analysis (2020-2032)
7.3.2 Heavy Naphtha Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Naphtha Market Segmentation, By Application
8.1 Chapter Overview
8.2 Chemicals
8.2.1 Chemicals Market Trends Analysis (2020-2032)
8.2.2 Chemicals Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Energy/Fuel
8.3.1 Energy/Fuel Market Trends Analysis (2020-2032)
8.3.2 Energy/Fuel Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Others
8.4.1 Others Market Trends Analysis (2020-2032)
8.4.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Naphtha Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.4 North America Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.5.2 USA Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.6.2 Canada Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Naphtha Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Naphtha Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.6.2 France Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Naphtha Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.5.2 China Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.5.2 India Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.5.2 Japan Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.9.2 Australia Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Naphtha Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Naphtha Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.2.4 Africa Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Naphtha Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.4 Latin America Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Naphtha Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Naphtha Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 Exxon Mobil Corporation
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Product / Services Offered
10.1.4 SWOT Analysis
10.2 BP PLC
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Product/ Services Offered
10.2.4 SWOT Analysis
10.3 Shell Chemicals
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Product/ Services Offered
10.3.4 SWOT Analysis
10.4 Chevron Corporation
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Product/ Services Offered
10.4.4 SWOT Analysis
10.5 Saudi Arabian Oil Co. (Saudi Aramco)
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Product/ Services Offered
10.5.4 SWOT Analysis
10.6 Reliance Industries Limited
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Product/ Services Offered
10.6.4 SWOT Analysis
10.7 China Petrochemical Corporation
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Product/ Services Offered
10.7.4 SWOT Analysis
10.8 Indian Oil Corporation Ltd
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Product/ Services Offered
10.8.4 SWOT Analysis
10.9 Formosa Petrochemical Corporation
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Product/ Services Offered
10.9.4 SWOT Analysis
10.10 LG Chem
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Product/ Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
Product Type
Light Naphtha
Heavy Naphtha
By Application
Chemicals
Energy/Fuel
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
The Guaiacol Market size was valued at USD 321.05 million in 2023 and is expected to reach USD 367.08 million by 2032 and grow at a CAGR of 1.50% over the forecast period of 2024-2032.
The Fly Ash Market size was USD 13.42 Billion in 2023 and is expected to reach USD 23.30 Billion by 2032, growing at a CAGR of 5.67% from 2024 to 2032.
The Biotech Ingredients Market Size was valued at USD 2.2 billion in 2023 and will reach USD 4.3 billion by 2032 and grow at a CAGR of 7.8% by 2024-2032.
Paint Protection Film Market was USD 529.40 Million in 2023 and is expected to reach USD 894.80 Million by 2032, growing at a CAGR of 6.01 % from 2024-2032.
The Filled Fluoropolymer Market was valued at USD 3.8 billion in 2023 and is expected to reach USD 6.3 billion by 2032 at a CAGR of 5.8% from 2024-2032.
The Benzoic Acid Market size was valued at USD 1.53 billion in 2023. It is estimated to hit USD 2.41 billion by 2032 and grow at a CAGR of 5.16% over the forecast period of 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2025 All Rights Reserved by SNS Insider Pvt Ltd
