Naphtha Market
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
Beroe gathers intelligence through primary sources that include industry experts, researchers and consultants, as well as current suppliers, producers and distributors. Secondary sources can include subscriptions, business journals, newsletters, magazines, market research data, company sources and industry associations. Following data collation, analysis and strategic review, the final report is published.
Want a more detailed personalised report?
Beroe is a global SaaS-based procurement intelligence and analytics provider. We deliver intelligence, data, and insights that enable companies to make smarter sourcing decisions – leading to lower cost, reduced risk, and greater profits. Beroe has been a trusted source of intelligence for more than 15 years and presently partners with 10,000 companies worldwide, including 400 of the Fortune 500 companies.
Copyright © 2022 Beroe Inc / Beroe Consulting India Pvt Ltd. | All rights reserved.
