IGR Naphtha Market | Page 2

A latest report has been added to the wide database of Naphtha Market by Infinium Global Research. This report studies the Naphtha Market by application (chemicals, energy, fuels) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Naphtha Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Naphtha Market. Market Insights The global Naphtha market was sized over USD XX billion in 2015. The global Naphtha market is projected to grow with a CAGR of x.xx% during 2017-2023 and reach USD XX billion by 2023. Increasing demand of gasoline globally is the prime factor driving the growth of naphtha market. Furthermore, growing demand for naphtha as a feedstock in petrochemical industry will also drive the global naphtha market over the forecast period. Moreover, increasing demand of petrochemicals, primarily propylene and ethylene for the production of plastic will in turn drive the global naphtha market over the forecast period. However, volatility in crude oil prices and stringent government regulations associated with the manufacturing of naphtha considering its toxicity will remain the major restraining factor of global naphtha market. Moreover, availability of other cheaper alternatives such as LPG and shale gas will also restrain the growth of global naphtha market over the forecast period. Hence, recent technological developments such as advance furnace materials and advanced distillation process as well as growing focus on developing economies will bring more opportunities to the global naphtha market over the forecast period. Segments Covered: The report segments the naphtha market by application and by region. Naphtha market segmentation based on application includes chemicals, energy/fuels and others. Moreover, chemical industry segment dominates the global naphtha market due to increasing usage in steam cracking process. Get 15% discount for early purchase of Global Naphtha Market report by clicking the following link, Use code IGRD15 to request the discount in the given form https://www.infiniumglobalresearch.com/Reports/requestdiscount/759