The Report on Naphtha Market, that has been recently added by Kenneth Research, offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. Additionally, the report contains the market size and annual growth rate for a period of 8 years, i.e. forecast period between 2022 and 2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Naphtha Market Products.

Request To Download Sample of This Strategic Report: – https://www.kennethresearch.com/sample-request-10172646

According to the statistics by the Invest India, the market value of chemicals industry in India was estimated to be USD 178 billion during the period 2018-2019. Additionally, the data also stated that the demand for petrochemicals in the country is observing a steady growth and is further estimated to grow at a CAGR of 7.5% during 2019-2023. On the other hand, the market for agrochemicals is expected to register a CAGR of 8% during the same period and further attain a market value of USD 4.7 billion by the end of 2025.

The report covers the forecast and analysis of the Naphtha Market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Billion). The study includes drivers and restraints of the naphtha market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Naphtha Market on a global level.
In order to give the users of this report a comprehensive view of the naphtha market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Download Sample of This Strategic Report: – https://www.kennethresearch.com/sample-request-10172646

The study provides a decisive view of the naphtha market by segmenting the market based on the type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Massive demand for jet fuel is predicted to generate lucrative growth avenues for the naphtha industry over the forecast timeline. In addition to this, the large-scale usage of by-products of naphtha across myriad sectors will prompt the expansion of the market during the period from 2019 to 2027. Nonetheless, strict government laws pertaining to greenhouse gas emissions will put brakes on the expansion of the industry during the forecast timeline. However, a prominent rise in the number of chemical manufacturing firms worldwide will create new growth avenues for the market nullifying the negative impact of the hindrances on the industry over the forecast timeline.
On the basis of type, the market is divided into light naphtha and heavy naphtha. Application-wise, the industry is divided into energy, gasoline blending, solvent, and petrochemical feedstock.
Some of the key players in the market include Abu Dhabi National Oil Company (ADNOC), ExxonMobil, Lotte Chemical Corp. (LACC), Shell, Mangalore Refinery and Petrochemicals Ltd., Novachem, Mitsubishi Chemical Corporation, Reliance Industries Limited, Sinopec Corp. (China Petrochemical Corporation), Total SA, NOVATEK, SABIC, Indian Oil Corporation Ltd., and Chevron Corporation.

Request for Full Report: https://www.kennethresearch.com/sample-request-10172646

About Kenneth Research:

Kenneth Research is a multi-client market research database that aims at providing reports that help industry professionals including various individuals and organizations to identify the market trends and scope, thereby making it easier for them to take decisions and form strategies after complete assessment of the market. The various industries catered by the company include healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence and several others. Being a global market research reselling firm, Kenneth Research provides strategic business consultancy services at a global level and offers a single platform for the best market research reports.

Contact Us

Name: Kenneth research

Email: [email protected]

Phone: +1 313 462 0609