Naphtha Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Naphtha Market Producers and is segmented by type (light naphtha and heavy naphtha), end-user industry (petrochemical, agriculture, paints and coatings, aerospace, and other end-user industries), and geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for naphtha in volume (kilo metric tons) for all the above segments.

Naphtha Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Naphtha Market Size

Naphtha Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Naphtha Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Naphtha Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Naphtha Market Analysis

The Naphtha Market is expected to register a CAGR of greater than 4% during the forecast period.

The COVID-19 pandemic severely impacts the global naphtha market. The pandemic significantly affected the construction industry's growth. The lockdown imposed in response to the pandemic disrupted the construction materials supply chain. It also caused a significant shortage of workforce. Several major construction projects have been shut down for a considerable amount of time, which led to a decrease in demand for paints and coatings and their additives, thus, hindering the naphtha market growth rate. Similarly, the aerospace industry is severely affected by the COVID-19 pandemic. But, in the post-pandemic period, the opening of economies and government support to different industries led to increasing demand for naphtha and showing signs of recovery of market growth.

  • Over the medium term, the naphtha market growth is likely driven by the rising demand for naphtha as a feedstock in the petrochemical Industry. Additionally, the increasing need for fertilizers in India will likely boost the demand for naphtha.
  • The primary driver of the market studied is the rising demand for fertilizers in India. Moreover, due to rapid industrialization and urbanization in countries, like China, India, and Japan, the transportation sector is growing, stimulating the gasoline demand and driving the need for the naphtha market.
  • The demand for natural gas liquid in the United States is expected to hinder the growth of the naphtha market.
  • With the increasing demand for naphtha from fast-developing countries like China, India, and Japan, the Asia-Pacific region is expected to dominate the global market.

Naphtha Industry Overview

The naphtha market is partially consolidated in nature. In terms of market share, few players currently dominate the market. Key players in the market include Reliance Industries Limited, Exxon Mobil Corporation, Saudi Arabian Oil Co. (Saudi Aramco), Formosa Petrochemical Corporation, and LG Chem(not in any particular order).

Naphtha Market Leaders

  1. Reliance Industries Limited

  2. Exxon Mobil Corporation

  3. Saudi Arabian Oil Co.

  4. LG Chem

  5. Formosa Petrochemical Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Naphtha Market - Market Concentration.png
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Naphtha Market News

  • October 2022: LG Chem shuts down its naphtha crackers in South Korea for maintenance for seven weeks. It will affect the supply of petrochemicals in the region during maintenance.
  • November 2021: Exxon Mobil announced an investment in a multi-billion-dollar chemical complex in Guangdong province in southern China. It will enhance the company's production of 1.6 million tonnes/year.

Naphtha Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand for Petrochemicals in Asia Pacific
    • 4.1.2 Rising Demand for Fertilizers in India
  • 4.2 Restraints
    • 4.2.1 Natural Gas Liquid Demand in the United States
  • 4.3 Industry Value Chain Analysis
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Feedstock Analysis

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 By Type
    • 5.1.1 Light Naphtha
    • 5.1.2 Heavy Naptha
  • 5.2 By End-user Industry
    • 5.2.1 Petrochemical
    • 5.2.2 Agriculture
    • 5.2.3 Paints and Coatings
    • 5.2.4 Aerospace
    • 5.2.5 Other End-user Industries
  • 5.3 By Geography
    • 5.3.1 Asia Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 AMOC (Alexandria Mineral Oils Co.)
    • 6.4.2 BP PLC
    • 6.4.3 Chevron Phillips Chemical Company LLC
    • 6.4.4 China National Petroleum Corporation (CNPC)
    • 6.4.5 China Petroleum & Chemical Corporation (SINOPEC)
    • 6.4.6 Exxon Mobil Corporation
    • 6.4.7 Formosa Petrochemical Corporation
    • 6.4.8 LG Chem
    • 6.4.9 MGTPetroil.com
    • 6.4.10 PetroChina Company Limited
    • 6.4.11 Petroleos Mexicanos
    • 6.4.12 Reliance Industries Limited
    • 6.4.13 Royal Dutch Shell PLC
    • 6.4.14 SASOL
    • 6.4.15 SABIC
    • 6.4.16 Saudi Arabian Oil Co. (Saudi Aramco)
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1
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Naphtha Industry Segmentation

Naphtha is a light flammable liquid containing a mixture of hydrocarbon molecules, typically between 5 and 10 carbon atoms. It mainly consists of straight-chain alkanes (paraffin), but it may also have cyclohexanes (naphthenes) and aromatics. The naphtha market is segmented by type, end-user industry, and region. By type, the market is segmented into light naphtha and heavy naphtha. By end-user industry, the market is segmented into petrochemical, agriculture, paints and coatings, aerospace, and other end-user industries. The report also covers the market size and forecasts for the naphtha market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo metric tons).

By Type Light Naphtha
Heavy Naptha
By End-user Industry Petrochemical
Agriculture
Paints and Coatings
Aerospace
Other End-user Industries
By Geography Asia Pacific China
India
Japan
South Korea
Rest of Asia Pacific
By Geography North America United States
Canada
Mexico
By Geography Europe Germany
United Kingdom
Italy
France
Rest of Europe
By Geography South America Brazil
Argentina
Rest of South America
By Geography Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Naphtha Market Research FAQs

What is the current Naphtha Market size?

The Naphtha Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Naphtha Market?

Reliance Industries Limited, Exxon Mobil Corporation, Saudi Arabian Oil Co., LG Chem and Formosa Petrochemical Corporation are the major companies operating in the Naphtha Market.

Which is the fastest growing region in Naphtha Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Naphtha Market?

In 2025, the Asia Pacific accounts for the largest market share in Naphtha Market.

What years does this Naphtha Market cover?

The report covers the Naphtha Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Naphtha Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Naphtha Industry Report

The global naphtha market, inclusive of heavy naphtha, has been significantly valued in recent years and is projected to experience growth during the forecast period, as per the industry reports created by Mordor Intelligence™. This growth is driven by the utilization of aromatics, including heavy naphtha, in the manufacturing of various products such as rubber, oils, edible fats, and personal care products. The rising demand for plastics in sectors like packaging, electrical & electronics, and manufacturing is predicted to stimulate market growth. Heavy naphtha, known for its lower carbon emission levels compared to other hydrocarbon fuels, is commonly used as a fuel for lanterns, power stoves, and other heating types of equipment in the power and electricity sector. The market, segmented based on type, process, application, end-user, and region, sees the Asia-Pacific region dominating due to the flourishing chemical sector and expanding end-use businesses such as automotive, construction, and plastic in developing countries like South Korea, Taiwan, and India. Mordor Intelligence™ provides a comprehensive naphtha analysis that includes a market forecast outlook and historical overview. A sample of this industry analysis is available as a free report PDF download, offering insights into the naphtha market share, size, and revenue growth rate.