납사(Naphtha) 시장 규모, 점유율, 성장 분석 : 유형별, 공정별, 용도별, 지역별 - 산업 예측(2024-2031년)

Global Naphtha Market size was valued at USD 186.04 Billion in 2022 and is poised to grow from USD 194.04 Billion in 2023 to USD 260.54 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

As of October 2023, advancements in refining technologies have significantly enhanced naphtha's yield and production, positioning it as a competitive feedstock for petrochemical production, particularly through efficient steam cracking methods. This evolution is driven by high demand for performance, flexibility, and sustainability from naphtha end users, propelling ongoing technological development. Naphtha's versatility extends beyond petrochemical applications; it serves as a high-performance solvent across industries like paint, coatings, commercial cleaning, and specialty chemicals, bolstered by its low cost and high solubility. The growing production, automotive, and manufacturing sectors further amplify naphtha's demand as a solvent. Additionally, the expanding transportation sector drives up the need for plastics and man-made fibers, increasing naphtha utilization and contributing to market growth.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Naphtha market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Naphtha Market Segmental Analysis

Global Naphtha Market is segmented by Type, Process, Application and region. Based on Type, the market is segmented into Light Naphtha & Heavy Naphtha. Based on Process, the market is segmented into Gasoline Blending, Naphtha Reforming, Steam Cracking, Others. Based on Application, the market is segmented into Chemicals, Energy & Fuel, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Naphtha Market

The global naphtha market is significantly influenced by the expanding capacity of the refining industry, as naphtha production is directly linked to refinery capabilities and configurations. Refineries that boast high naphtha yields can generate ample supplies, which can help counterbalance tighter outputs from those with lower yields. Additionally, fluctuations in crude oil prices and availability can alter the economic landscape of refining, subsequently affecting both the supply and pricing of naphtha. Recent advancements in supply chain management and the adoption of new technologies have facilitated a growth in refinery capacity and yield, thereby enhancing naphtha availability in the market.

Restraints in the Global Naphtha Market

The global naphtha market faces significant constraints due to its low sustainability and the environmental impact associated with its production and consumption. The process generates air pollution, greenhouse gas emissions, and ecological harm, prompting regulatory bodies to enforce stringent environmental regulations. To comply, many producers have adopted various emission control technologies and cleaner production methods, such as combustion modifications and optimization of hydrocarbon burnup. However, these measures come with substantial economic implications, increasing operational costs for both naphtha producers and consumers. This financial strain, coupled with the environmental challenges, poses a serious limitation on the growth and viability of the global naphtha market.

Market Trends of the Global Naphtha Market

The Global Naphtha market is witnessing a significant trend driven by advancements in refining processes, particularly in steam cracking and conversion technologies. These innovations enhance naphtha's value by enabling cost-effective and efficient pathways for converting it into high-value olefins like ethylene. As a result, the petrochemical industry is adapting its consumption patterns, creating a more competitive landscape characterized by increased efficiency and sustainability. This shift not only bolsters the demand for naphtha but also encourages industries to optimize their operations, thereby positioning naphtha as a crucial feedstock in the evolving global energy and chemical sectors.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies
• Customer & Buying Criteria Analysis

Global Naphtha Market Size by Type & CAGR (2024-2031)

• Market Overview
• Light Naphtha
• Heavy Naphtha

Global Naphtha Market Size by Process & CAGR (2024-2031)

• Market Overview
• Gasoline Blending
• Naphtha Reforming
• Steam Cracking
• Others

Global Naphtha Market Size by Application & CAGR (2024-2031)

• Market Overview
• Chemicals
• Energy & Fuel
• Others

Global Naphtha Market Size & CAGR (2024-2031)

• North America, (Type, Process, Application)
  • US
  • Canada
• Europe, (Type, Process, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Type, Process, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Type, Process, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Type, Process, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• BP PLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chevron Phillips Chemical Company LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China National Petroleum Corporation (CNPC)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China Petroleum & Chemical Corporation (SINOPEC)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Exxon Mobil Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Formosa Petrochemical Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LG Chem
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PetroChina Company Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Petroleos Mexicanos (PEMEX)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Reliance Industries Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Royal Dutch Shell PLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SASOL
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SABIC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saudi Arabian Oil Co. (Saudi Aramco)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TotalEnergies
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Chemical Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Indian Oil Corporation (IOC)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Phillips 66
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• OMV AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alexandria Mineral Oils Co. (AMOC)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation