About Heavy Naphtha
Heavy naphtha, a fraction of crude oil that boils between approximately 70 and 200°C, contains mostly alkanes and cycloalkanes although there may also be a small fraction of aromatics. It is a distillation cut primarily made up of material roughly the same density as finished gasoline. Heavy naphtha molecules typically have from 7-9 carbon atoms.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.1% |
Competition among existing players is due to the Heavy Naphtha market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Heavy Naphtha Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Heavy Naphtha market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shell (The Netherlands), Total S.A. (France), Sinopec (China), BP plc (United Kingdom), Abu Dhabi National Oil Company (United Arab Emirates), Saudi Aramco (Saudi Arabia), PEMEX (Mexico) and Oil and Natural Gas Corporation (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kuwait Petroleum Corporation (Kuwait) and Hindustan Petroleum Corporation Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Heavy Naphtha market by Type (C9, C10 and C11-C13), Application (Chemicals, Energy & Additives and Others) and Region.
On the basis of geography, the market of Heavy Naphtha has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Supply Sources, the sub-segment i.e. Condensate splitting will boost the Heavy Naphtha market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Gasoline
Market Growth Drivers:
Increasing Use of Plastic Products
Challenges:
Stringent Government Regulations and Global Trade Policies
Restraints:
Increasing Use of Alternatives include LPG for the Production of Propane and Butane
Opportunities:
The Growth of Chemical Industry Especially in the Asia Pacific Countries
In June 2023, PAO Novatek has launched its hydrocracking unit at the Ust-Luga complex at the port of Ust-Luga on the Baltic Sea. The unit was built under an agreement between the company and the Ministry of Energy of the Russian Federation to develop new processing infrastructure.
Regulations are implemented by the executive branches of local, state, and federal government based on the laws enacted by local, state, and federal legislators. Public input is a formal part of regulation development. The Clean Air Act (1963), the Clean Water Act (1972), and the Safe Drinking Water Act (1974), including later revisions to these laws, form the basis of most federal regulation of the oil and gas industry.
Key Target Audience
Heavy Naphtha Producers, Government Regulatory Bodies, Oil Producing Companies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.