Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Naphtha Market Share Is Expected To Reach US$ 230.9 Bn By 2030: Credence Research


Senior Member

Status: Offline
Posts: 171
Date:
Naphtha Market Share Is Expected To Reach US$ 230.9 Bn By 2030: Credence Research
Permalink   


The latest market report published by Credence Research, Inc. Naphtha Market, By Product Type and By Geography- Growth, Future Prospects and Competitive Analysis, 2016 - 2030, the global naphtha market was valued at US$ 102.6 Bn in 2016, and is expected to reach US$ 230.9 Bn by 2030, expanding at a CAGR of 5.97% from 2016 to 2030.

Browse the full Naphtha Market - Growth, Future Prospects and Competitive Analysis, 2016 2030 report at http://www.credenceresearch.com/report/naptha-market

Market Insights

Global naphtha market is projected to witness significant growth over the forecast period. Growing demand for naphtha as a feedstock in petrochemical industry is projected to drive the demand for naphtha over the forecast period. Increasing use of plastic products fueling the demand for the polypropylene and polyethylene which in turn is driving the demand for naphtha used as a feedstock for the production olefins and aromatics using in production of paints and coatings. Further, naphtha also finds application in blending with gasoline. Growing demand for gasoline is anticipated to augment the growth of global naphtha market. Moreover, recent technological advancement such as development of advance furnace materials, advanced distillation column and alternative technologies such as hydro- pyrolysis of naphtha and catalytic cracking of naphtha saves approximately 10% of the energy which in turn reduces the production cost. Thus, making naphtha the preferred feedstock for the end use applications. Growing chemical industry especially in Asia Pacific is projected to drive the global naphtha market during the forecast period (2016-2030). However, growing use of alternatives such as LPG for the production of propane and butane are expected to restrain the growth of global naphtha market during the forecast period (2016-2030).

By Product type, heavy naphtha segment was the most dominant segment in 2015 and anticipated to continue its dominance of over the forecast period. The segment is projected to witness stable growth during the forecast period. Light naphtha segment is expected to be the fastest growing segment during the forecast period. Growing use of light naphtha in petrochemical steam crackers is anticipated to fuel the demand over the forecast period (2016-2030).

By application, chemical segment was observed to be the largest segment in 2015 in global naphtha market. Increasing use of naphtha as a feedstock for the production of materials such as polyethylene and polypropylene in petrochemical industry is projected to fuel the growth of naphtha over the forecast period (2016-2030).

Considering the competition, the global naphtha market is expected to witness a significant rise in investment in capacity expansion for the production and supply of naphtha. Further, market has witnessed strategic mergers and collaborations among naphtha regional and global players. Such growth strategies are focused on increasing their market penetration in key consuming economies.

Table of Content

  1. Preface
    1.1. Report Scope and Description
    1.2. Research Methodology
    1.2.1. Phase I-Secondary Research
    1.2.2. Phase II-Primary Research
    1.2.3. Phase II-Expert Panel Review
    1.2.4. Assumptions
    1.2.5. Approach Adopted
  2. Executive Summary
    2.1. Global Naphtha Market Snapshot
    2.1.1. Global Naphtha Market by Product Type, 2015
    2.1.2. Global Naphtha Market by Application, 2015
    2.1.3. Global Naphtha Market by Geography, 2015
    2.1.4. Key Players
    2.1.5. Drivers, Restraints & Trends

Browse the full Naphtha Market - Growth, Future Prospects and Competitive Analysis, 2016 2030 report at http://www.credenceresearch.com/report/naptha-market

Blog: - http://www.mobilecomputingtoday.co.uk/6209/naphtha-market-expected-reach-230-9-2030-credence-research/

About Us: 

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared for this task.

Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph.: 1-800-361-8290
Website: http://www.credenceresearch.com



__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse
Powered by ActiveBoard