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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Bio Naphtha Market Share by Region
The Asia Pacific has been leading the global bio naphtha market by region because of the rising consumption of plastic by the countries of the region and also due to rapid growth in end-user industries such as petrochemical, transportation and utilities. China, India and Japan are the major countries influencing the market in the Asia Pacific. Technological developments such as increase in chemical factories in China and rise in enhanced distillation methods is another factor influencing the market.
Moreover, Arab Gulf countries also play a major role in global biofuels supply by exporting a large volume of feedstock for bio naphtha, mainly as used cooking oil and hydrogenated vegetable oil. The steady feedstock supply is contributing in the progress of the bio naphtha market regionally and globally.
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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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