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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Neste Oil is the world’s largest producer of renewable diesel and was established in 1948. It is an oil refining and marketing company located in Finland. It is the world’s first company to supply bio naphtha on a commercial scale. It concentrates on low-emission and high-quality traffic fuels for better functioning of society. NExBTL was launched by the company to produce bioplastics that can be beneficially used in various industries.
UPM Biofuels was established in 2015 in Finland and has a strong presence in the bio naphtha market. Its products can be used in place of fossil-fuel raw materials in numerous innovative products such as plastics, glue, and films. UPM BioVerno is a key product line of the company. It assures to be 100% bio-based and offer products with similar properties to fossil-based naphtha.
Eni, a global energy company, was founded in 1953 in Milan, Italy. They work to support changes that create long-term value and provide an opportunity for all to have access to dependable and clean energy. It focuses on issues such as decarbonisation while working to protect the environment. They believe to be getting closer to their goal of decarbonisation by 2040 by providing their clients with decarbonised products and services.
Other market players include Total Energies, Royal Dutch Shell, Kaidi Finland (Sunshine), Preem, OMV, Repsol, Phillips 66 and others.
Bio Naphtha Market Report Snapshots
Bio Naphtha Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market size for bio naphtha was estimated to be 645.41 thousand tonnes by volume in 2023.
The expected market size is projected to reach an approximate volume of 3099.02 thousand tonnes by 2032.
The global market for bio naphtha is expected to grow at a CAGR of 19% between 2024 and 2032.
Naphtha is a flammable liquid hydrocarbon mixture. Bio naphtha refers to naphtha produced by the hydro-treatment of renewable sources.
The key drivers of the market are the rising demand for home decor materials, consumer electronics and automotive vehicles, implementation of government policies and technological advancements.
The market for bio naphtha is segmented on the basis of source, end use, distribution channels and regions.
Key market players include Neste Oil, UPM Corporation, Eni S.p.A., Total Energies SE, Royal Dutch Shell Plc, Sunshine Kaidi New Energy Group Co., Ltd., Preem AB, OMV Group, Repsol, S.A., and Phillips 66, among others.
Major regional markets for bio naphtha include North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
Bio naphtha consists of primarily paraffin.
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Australia
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+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124