World Naphtha Consumption to Reach 960 Mln MT by 2026, Projects TechSci Research in Its In-demand Report Available at MarketPublishers.com13 Mar 2017 • by Natalie Aster
LONDON – Recent years have seen a robust increase in the demand for naphtha from pole to pole and the trend is also expected to continue in the offing.
The global consumption of naphtha is anticipated to reach 960 million metric tons (MT) by 2026, owing to a hike in the production of aromatics and gasoline. The APAC region captured the lion’s share in total naphtha consumption, due to the surging demand from the nations where consumption of gasoline and petrochemical products is projected to gain traction in the oncoming years. Furthermore, the USA is forecast to be the dominant consumer of naphtha worldwide, on the back of a hike in the demand for gasoline in the country. Additionally, with respect to end-use sectors, gasoline blending took the lead in the global naphtha consumption, with the trend likely to continue in the offing, owing to the soaring demand for gasoline from pole to pole.
In-demand research report drawn up by TechSci Research titled “Global Naphtha Demand Supply Analysis, 2011 – 2026” is aimed at discussing the major aspects of the market performance globally.
The study presents an insightful analysis of the demand for, and supply of the product, as well as offers detailed forecasts. The report categorises and assesses the market based on region and country. It provides an evaluation of the global consumption of heavy and light naphtha. The research limelights the naphtha consumption globally by end-use sector. It also analyses the naphtha imports and exports country-wise. The study reviews the current trends and speculates on the future growth during the next decade. Furthermore, the report canvasses the competitive scenario and gives an all-round analysis of the top market participants and suppliers. Valuable strategic recommendations can also be found in the study.
More in-demand reports by the publisher can be found in the TechSci Research online catalogue at MarketPublishers.com.