Naphtha
Regions Covered
USA
SEA
Europe
Regions Covered
USA
SEA
Europe
Naphtha is majorly used for the production of gasoline, through catalytic reforming. The other major use of naphtha is in the production of olefins (ethylene and propylene) and in the production of aromatics (benzene, xylene and toluene) as a primary feedstock. Asia is the market leader in naphtha consumption with ~40 percent of the global market share in 2018. It is followed by the North America (28 percent) and Europe (24 percent). Majority of steam crackers in Asia and Europe are naphtha based, hence it would continue to be the major feedstock for ethylene and propylene. The major cost driver for naphtha is crude oil, hence any price movements of crude oil would directly impact the naphtha prices. The co-relation across all regions in the last five years was observed to be ~90 percent
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