The Global Naphtha market is forecast to reach USD 183.80 Billion by 2027, 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.
In regards to region, North America can be seen to hold a considerable position in the industry. The market position held by the region is attributed to the fact that countries within the region like U.S. is a prominent chemical manufacturer, and the boom in shale gas is supporting the expansion of the sector in this region.
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The report presents a panoramic view of the competitive landscape of the Naphtha market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry. The report also focuses on strategic alliances in the Naphtha market, such as mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, licensing agreements, partnerships, corporate and government deals, and others.
Top Players Analyzed in the Report are:
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.
For a comprehensive value chain analysis, the report covers the downstream and upstream essentials of the Naphtha market. It also pays special focus on the growth process, macro- and micro-economic factors, raw material sources analysis, and other technical data. The report further segments the market on the basis of types, applications, and regions and offers insights into the segments that have the highest penetration and profit margin, along with recent developments based on geographies.
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For the purpose of this report, Reports and Data have segmented the global Naphtha market according to Type, Application, End-user, and Region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Heavy Naptha
- Light Naphtha
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Energy & fuel additive
- Chemical feedstock
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Paints & Coatings
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Global Naphtha Market Report:
- Comprehensive analysis of the changing market dynamics
- A futuristic outlook on different factors influencing the market
- An 8-year forecast of the market growth and expected revenue growth
- Ease of understanding of the market, key segments, and their future growth
- In-depth analysis of the competitive landscape to give an advantageous edge for the companies
- Extensive insight into the market with in-depth analysis of the segmentation
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