Product Code: 978-1-68038-580-9
Naphtha Market Growth & Trends:
The global naphtha market size is expected to reach USD 245.82 billion by 2030, and projected to grow at a CAGR of 4.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing global demand for transportation fuel is expected to drive growth. Demand is also being driven by its robust use for hydrocarbon cracking process in the petrochemical industry.
Naphtha is an essential part of hydrocarbon cracking process, which is conducted under extreme pressure and heat, as it exhibits superior heat resistant properties. Various environmental regulations and region dependent pricing also make the choice for usage of naphtha materials in the production process.The global demand is estimated to be worth USD 254.3 billion by 2030.
Chemical feedstock was the largest application of naphtha accounting for 69.93% of the total market share in 2023 and is anticipated to grow at a CAGR of 4.5% over the forecast period. Chemical feedstock is used for steam cracking process which produces gasoline. Growing demand for gasoline is expected to subsequently bolster demand. Lighter grades of the product are used for petrochemical steaming process, which produces rubber, olefins, polymers and aromatics.
Naphtha Market Report Highlights:
- Light naphtha dominated the global naphtha market with the largest revenue share of 61.4% in 2024. Light naphtha is highly sought after in the petrochemical industry due to its high paraffin content, used to produce plastics and chemical compounds.
- Chemicals led the market and accounted for the largest revenue share of 68.0% in 2024. Naphtha is primarily used to produce gas, ethylene, and propylene.
- Asia Pacific naphtha market dominated the global market with the largest revenue share of 43.5% in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Naphtha Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Naphtha Market: Product Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Naphtha Market: Product Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. Light Naphtha
- 4.3.1. Light Naphtha Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 4.4. Heavy Naphtha
- 4.4.1. Heavy Naphtha Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Metric Tons) (USD Billion)
Chapter 5. Naphtha Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Naphtha Market: Application Movement Analysis & Market Share, 2024 & 2030
- 5.3. Chemicals
- 5.3.1. Chemicals Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 5.4. Energy/Fuel
- 5.4.1. Energy/Fuel Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 5.5. Others
- 5.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Metric Tons) (USD Billion)
Chapter 6. Naphtha Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.2. North America
- 6.2.1. North America Chemical Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.2.2. U.S.
- 6.2.2.1. Key Country Dynamics
- 6.2.2.2. U.S. Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.2.3. Canada
- 6.2.3.1. Key Country Dynamics
- 6.2.3.2. Canada Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.2.4. Mexico
- 6.2.4.1. Key Country Dynamics
- 6.2.4.2. Mexico Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.3. Europe
- 6.3.1. Europe Chemical Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.3.2. Germany
- 6.3.2.1. Key Country Dynamics
- 6.3.2.2. Germany Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.3.3. UK
- 6.3.3.1. Key Country Dynamics
- 6.3.3.2. UK Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.3.4. France
- 6.3.4.1. Key Country Dynamics
- 6.3.4.2. France Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.3.5. Italy
- 6.3.5.1. Key Country Dynamics
- 6.3.5.2. Italy Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.3.6. Spain
- 6.3.6.1. Key Country Dynamics
- 6.3.6.2. Spain Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Chemical Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.4.2. China
- 6.4.2.1. Key Country Dynamics
- 6.4.2.2. China Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.4.3. Japan
- 6.4.3.1. Key Country Dynamics
- 6.4.3.2. Japan Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.4.4. India
- 6.4.4.1. Key Country Dynamics
- 6.4.4.2. India Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.4.5. South Korea
- 6.4.5.1. Key Country Dynamics
- 6.4.5.2. South Korea Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.5. Latin America
- 6.5.1. Latin America Chemical Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.5.2. Brazil
- 6.5.2.1. Key Country Dynamics
- 6.5.2.2. Brazil Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.5.3. Argentina
- 6.5.3.1. Key Country Dynamics
- 6.5.3.2. Argentina Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Chemical Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.6.2. South Africa
- 6.6.2.1. Key Country Dynamics
- 6.6.2.2. South Africa Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Key Country Dynamics
- 6.6.3.2. Saudi Arabia Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
- 6.6.4. UAE
- 6.6.4.1. Key Country Dynamics
- 6.6.4.2. UAE Naphtha Market Estimates & Forecast, 2018 - 2030 (Million Metric Tons) (USD Billion)
Chapter 7. Naphtha Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map/ Position Analysis, 2024
- 7.4. Strategy Mapping
- 7.4.1. Expansion
- 7.4.2. Mergers & Acquisition
- 7.4.3. Partnerships & Collaborations
- 7.4.4. New Product Type Launches
- 7.4.5. Research and Development
- 7.5. Company Profiles
- 7.5.1. Reliance Industries Limited
- 7.5.1.1. Participant's Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Recent Developments
- 7.5.2. Exxon Mobil Corporation
- 7.5.2.1. Participant's Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Recent Developments
- 7.5.3. Saudi Arabian Oil Co.
- 7.5.3.1. Participant's Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Recent Developments
- 7.5.4. LG Chem
- 7.5.4.1. Participant's Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Recent Developments
- 7.5.5. Formosa Petrochemical Corporation
- 7.5.5.1. Participant's Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Recent Developments
- 7.5.6. Shell plc
- 7.5.6.1. Participant's Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Recent Developments
- 7.5.7. Indian Oil Corporation Ltd
- 7.5.7.1. Participant's Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Recent Developments
- 7.5.8. Asahi Kasei Corporation
- 7.5.8.1. Participant's Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Recent Developments
- 7.5.9. Petroleos Mexicanos
- 7.5.9.1. Participant's Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Recent Developments
- 7.5.10. JFE Chemical Corporation
- 7.5.10.1. Participant's Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Recent Developments