The global Naphtha market was US$204140 million in 2018 and is expected to reach US$265220 million by the end of 2025, growing at a CAGR of 3.8% between 2019 and 2025, as per QYResearch.
Asia-Pacific is the leading consumer of Naphtha, the volume of which reached 153402.4 K MT in 2018, accounting for about 38.49% of the total global market. China, Europe, and Northeast Asia are also important supply region of solvent.
Chemicals accounted for the largest market with about 86.10% of the global consumption for Naphtha in 2018, and are anticipated to grow at a CAGR of 2.51%, in terms of consumption, during the forecast period. With over 13.90% share of in the Naphtha market, Energy & Additives was the second largest application market in 2018, and is anticipated to grow at a CAGR of 1.81%, in terms of consumption, during the forecast period.