Global Naphtha Market Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "Naphtha
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2017-2022" report has been added to ResearchAndMarkets.com's
offering.
The global naphtha market reached a value of more than US$ 144 Billion
in 2016.
The market is expected to witness a significant growth in the upcoming
years. Growing consumption of naphtha as a feedstock in the
petrochemical industry is the major driver of the market. Apart from
this, naphtha also finds application in blending of gasoline. Rising
demand for gasoline is further boosting the growth of the market.
Additionally, expanding chemical industry, specifically in the Asia
Pacific region, is projected to drive the global naphtha market in the
upcoming years.
Moreover, technological developments such as enhanced distillation
process and use of advanced furnace materials are facilitating the
market growth. According to the report, the market is expected to reach
a value of US$ 176 Billion by 2022, registering a CAGR of more than 3%
during 2017-2022.
The report has segmented the market on the basis of application into
petrochemical feedstock and gasoline blending. Amongst these,
petrochemical feedstock accounts for the majority of the total share.
Region-wise, Asia Pacific represents the largest market, followed by
Europe and North America. The other major regions include Latin America,
and Middle East and Africa.
Companies Mentioned
- BP P.L.C.
- Chevron Corporation
- Indian Oil Corporation
- Mitsubishi Chemical
- Reliance Industries Limited
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Naphtha Market
6 Market Breakup by Application
7 Market Breakup by Region
8 Naphtha Manufacturing Process
9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/4ldwc8/global_naphtha?w=4
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Related
Topics: Petrochemicals