Global Naphtha Market is expected to Reach USD
237,625.2 Million by 2019: Transparency Market Research
Transparency Market Research has released a new market report titled "Naphtha Market (chemicals, energy/fuels and
others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 - 2019“According to the report the demand for naphtha is expected to
grow at a CAGR of 5.1% in terms of revenue from 2013 to 2019 and the market was
valued at USD
167,711.8 million in 2012
are expected to reach USD 237,625.2 million by
2019. In terms of volume the market is expected to grow at a CAGR of 3.2% from
2013 to 2019.
Browse Global Naphtha Market Report
with Full TOC: http://www.transparencymarketresearch.com/naphtha-market.html
The
market witnessed growth in recent years due to rising demand for naphtha from
various end-user industries such as plastic, construction, transportation and
many others. In addition, development of new manufacturing technique is another
factor contributing towards the market growth. However, volatile prices of
crude oil and availability of cheap and abundant alternatives such as shale gas
and LPG are the factors restraining market growth.
In 2012,
the naphtha market by applications was dominated by chemicals segment and
accounted for over 60% share of the market in terms of volume as well as
revenue. Naphtha is mainly used as feedstock for production of petrochemicals.
In terms of volume the chemicals application is expected to grow at a CAGR of
3.3% from 2013 to 2019.
Energy
and fuel segment is expected to grow at a rate of 5.0% from 2013 to 2019 in
terms of revenue. Naphtha is also used for gasoline blending in various
industries. The demand for naphtha in energy and fuel applications is highest
from the steel industry followed by fertilizers plants and power plants.
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Asia Pacific dominated the market
and accounted for over 40% share of the market in terms of both revenue and
volume. This dominance is driven mainly due to rising demand for plastics used
in building materials, electronics and cars. As Naphtha being the dominant
feedstock for plants that produces the key plastic ingredient ethylene. In
terms of volume, North America market is expected to grow at a rate of
2.6% from 2013 to 2019 followed by Europe which
is expected to grow at CAGR of 2.1% for the same period. Growing demand from
the gasoline sector and plastic industry are the factors contributing towards
the market growth in this region.
Naphtha Market: Application Analysis
·Chemicals
·Energy/fuel
·Others
Naphtha Market: Regional Analysis North America
·
Europe
·
Asia Pacific
·
Rest of the World (Row)
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