Global Naphtha Market : CAGR is expected to be 3.51% during the forecast period and the market size is expected to reach nearly US$ 217.9 Bn. by 2027.
The Naphtha market analysis provides a comprehensive picture of the competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Naphtha Market, as well as the causes for variances in the industry's growth in various places.
Naphtha Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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Segmentation:
Naphtha Market by Application
• Chemicals
• Petrochemicals
• Fertilizers
• Gasoline
• Others
Naphtha Market by Type
• Heavy
• Light
Key Players:
• British Petroleum
• Chevron
• ExxonMobil
• Shell
• CNPC
• Huarui Coal Chemicals Co., Ltd.
• Keisham Global Trading
• Typical General Trading (L.L.C)
• Jch International Co., Ltd.
• Arham Petrochem Private Limited (APPL)
• Qingdao Yonghui Petroleum Chemical CO., LTD
• Premier Commodities, LLC
• Softplus General Trading L.L.C.
• Anglo Gulf Limited
• Indian Oil Corporation Ltd
• Lotte Chemical Corporation
• Mangalore Refinery and Petrochemicals Limited
• Mitsubishi Chemical Corporation
• Novatek
• Reliance Industries Limited
• SABIC
• China Petrochemical Corporation
The entire procedure comprises a review of the financial records of the important market participants. Following an evaluation of the total market size, the market was divided into many divisions and sub-segments, which were confirmed by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Naphtha market are as follows:
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Naphtha market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Naphtha Market:
Due to a break in operations, end-user sectors where Naphtha are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Naphtha manufacturers, affecting the development of the Naphtha market in 2020. End-user business demand for Naphtha has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Naphtha Market Report are:
- Which segment had the largest share in the Naphtha market in 2021?
- What is the competitive landscape of the Naphtha market?
- Which are the key drivers aiding the Naphtha market growth?
- Which region has the maximum share in the Naphtha market?
- What will be the CAGR of the Naphtha market during the forecast period (2021-2027)?
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