Market Overview:
The global VM&P naphtha market is expected to grow at a CAGR of 3.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for chemicals and energy & additives across the globe. Additionally, the growing petrochemical industry is also expected to fuel the growth of this market during the forecast period. On the basis of type, heavy naphtha is projected to leadthe global VM&P naphtha market duringthe forecast period. This can be attributedto its high octane number and low vapor pressure which makes it suitable for use as a blending stock in gasoline production.
Product Definition:
VM&P Naphtha is a petroleum distillate that is used as a solvent in paints, lacquers, and varnishes. It also is used to thin oil-based paints and as a gasoline additive.
Heavy Naphtha:
Heavy Naphtha is a type of petroleum liquid which is extracted from the cracking process of crude oil. Heavy Naphtha has higher boiling point and lower freezing point as compared to light naphtha. It also has a higher density than light naphtha.
Light Naphtha:
Light Naphtha is a type of petroleum naphtha that has low boiling point and high flash point. It is usually used as an octane enhancer in gasoline blendingstock. The global light naphtha market size was valued at USD 2,100 million in 2016 and it is expected to grow at CAGR of XX% over the forecast period.
Application Insights:
The chemicals segment accounted for the largest revenue share of over 60% in 2017. The global demand for various chemical products is growing on account of increasing industrialization and rising living standards. Rapid urbanization, technological developments and an increase in the working-class population are expected to drive growth over the forecast period.
Naphtha is used as a feedstock for manufacturing a wide range of chemicals including aromatics, olefins & polyolefins, paraffin waxes & oils, alkyl halides (C10-C19), alcohols (ethanolamine derivatives) and ketones among others. Increasing use of these chemical compounds in construction materials such as adhesives and sealants; coatings; plastics additives; agricultural pesticides; deodorizers among others has resulted in high product consumption globally.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for over 45% of the overall revenue share. The region is expected to continue its dominance over the forecast period owing to increasing demand from end-use industries such as paints & coatings, plastics, rubber, and adhesives. In addition, rising petrochemical investments in China and India are anticipated to drive product demand across Asia Pacific during the forecast period.
North America is projected to witness significant growth over the coming years on account of growing chemical manufacturing industry coupled with high energy prices necessitating enhanced oil recovery (EOR) activities for conventional onshore oil wells. Furthermore, shale gas developments have resulted in E&P activity for unconventional reserves such as tar sands that are heavier than crude oil resulting in a higher value product category known as naphtha being required across various applications including drilling fluids and lubricants among others. This factor is anticipated to augment market growth across North America during the forecast period.
Growth Factors:
- Increasing demand from the petrochemical industry for production of ethylene and propylene.
- Growing demand for naphtha as a fuel in the transportation sector.
- Rising demand from the agricultural sector for use as a solvent and feedstock.
- Increasing use of naphtha in the production of synthetic fibers and plastics products.
- Growing popularity of naphtha as an alternative to gasoline in countries with stringent environmental regulations
Scope Of The Report
Report Attributes
Report Details
Report Title
VM&P Naphtha Market Research Report
By Type
Heavy Naphtha, Light Naphtha
By Application
Chemicals, Energy & Additives
By Companies
Shell Chemicals, Total, Sinopec, BP, ADNOC, ARAMCO, PEMEX, Mangalore Refinery and Petrochemicals Limited, Kuwait Petroleum Corporation, Hindustan Petroleum Corporation Limited, ONGC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global VM&P Naphtha Market Report Segments:
The global VM&P Naphtha market is segmented on the basis of:
Types
Heavy Naphtha, Light Naphtha
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemicals, Energy & Additives
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shell Chemicals
- Total
- Sinopec
- BP
- ADNOC
- ARAMCO
- PEMEX
- Mangalore Refinery and Petrochemicals Limited
- Kuwait Petroleum Corporation
- Hindustan Petroleum Corporation Limited
- ONGC
Highlights of The VM&P Naphtha Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heavy Naphtha
- Light Naphtha
- By Application:
- Chemicals
- Energy & Additives
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the VM&P Naphtha Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
VM&P Naphtha is a petroleum-based product that is used as a solvent in the production of plastics and other materials.
Some of the major players in the vm&p naphtha market are Shell Chemicals, Total, Sinopec, BP, ADNOC, ARAMCO, PEMEX, Mangalore Refinery and Petrochemicals Limited, Kuwait Petroleum Corporation, Hindustan Petroleum Corporation Limited, ONGC.
The vm&p naphtha market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. VM&P Naphtha Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. VM&P Naphtha Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. VM&P Naphtha Market - Supply Chain
4.5. Global VM&P Naphtha Market Forecast
4.5.1. VM&P Naphtha Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. VM&P Naphtha Market Size (000 Units) and Y-o-Y Growth
4.5.3. VM&P Naphtha Market Absolute $ Opportunity
5. Global VM&P Naphtha Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. VM&P Naphtha Market Size and Volume Forecast by Type
5.3.1. Heavy Naphtha
5.3.2. Light Naphtha
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global VM&P Naphtha Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. VM&P Naphtha Market Size and Volume Forecast by Application
6.3.1. Chemicals
6.3.2. Energy & Additives
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global VM&P Naphtha Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. VM&P Naphtha Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global VM&P Naphtha Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. VM&P Naphtha Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global VM&P Naphtha Demand Share Forecast, 2019-2026
9. North America VM&P Naphtha Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America VM&P Naphtha Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America VM&P Naphtha Market Size and Volume Forecast by Application
9.4.1. Chemicals
9.4.2. Energy & Additives
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America VM&P Naphtha Market Size and Volume Forecast by Type
9.7.1. Heavy Naphtha
9.7.2. Light Naphtha
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America VM&P Naphtha Demand Share Forecast, 2019-2026
10. Latin America VM&P Naphtha Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America VM&P Naphtha Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America VM&P Naphtha Market Size and Volume Forecast by Application
10.4.1. Chemicals
10.4.2. Energy & Additives
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America VM&P Naphtha Market Size and Volume Forecast by Type
10.7.1. Heavy Naphtha
10.7.2. Light Naphtha
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America VM&P Naphtha Demand Share Forecast, 2019-2026
11. Europe VM&P Naphtha Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe VM&P Naphtha Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe VM&P Naphtha Market Size and Volume Forecast by Application
11.4.1. Chemicals
11.4.2. Energy & Additives
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe VM&P Naphtha Market Size and Volume Forecast by Type
11.7.1. Heavy Naphtha
11.7.2. Light Naphtha
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type 11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe VM&P Naphtha Demand Share, 2019-2026
12. Asia Pacific VM&P Naphtha Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific VM&P Naphtha Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific VM&P Naphtha Market Size and Volume Forecast by Application
12.4.1. Chemicals
12.4.2. Energy & Additives
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific VM&P Naphtha Market Size and Volume Forecast by Type
12.7.1. Heavy Naphtha
12.7.2. Light Naphtha
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific VM&P Naphtha Demand Share, 2019-2026
13. Middle East & Africa VM&P Naphtha Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa VM&P Naphtha Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa VM&P Naphtha Market Size and Volume Forecast by Application
13.4.1. Chemicals
13.4.2. Energy & Additives
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa VM&P Naphtha Market Size and Volume Forecast by Type
13.7.1. Heavy Naphtha
13.7.2. Light Naphtha
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa VM&P Naphtha Demand Share, 2019-2026
14. Competition Landscape
14.1. Global VM&P Naphtha Market: Market Share Analysis
14.2. VM&P Naphtha Distributors and Customers
14.3. VM&P Naphtha Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Total
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sinopec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BP
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ADNOC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ARAMCO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PEMEX
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mangalore Refinery and Petrochemicals Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kuwait Petroleum Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hindustan Petroleum Corporation Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ONGC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
