ALBANY,
New York, November 5, 2014 – In its market research report
published recently, Transparency Market Research, a U.S. - based
market intelligence firm states that the global naphtha market will
report a CAGR of 5.1% from 2013 to 2019. The report, titled ‘Naphtha
Market (chemicals, energy/fuels and others) - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,’
is
now available for sale on the company’s website.
This
market research report states that the main feedstock that is used
for gasoline reforming, blending and petrochemical cracking is
naphtha. Naphtha is primarily found in coal tar, refined petroleum,
and shale oil. It is a very versatile commodity and is extensively
applied in the energy industry. Destructive distillation of oil from
bituminous shale produces shale naphtha. Whereas, the distillation of
coal tar produces coal tar naphtha, which is a very volatile
commercial item. The two types of naphtha are paraffinic and heavy
naphtha. Heavy naphtha is mainly used for manufacturing aromatics,
and paraffinic naphtha is ideal for manufacturing olefins, and
polyolefins.
Browse
Full Naphtha Market Report :
http://www.transparencymarketresearch.com/naphtha-market.html
According
to this TMR report, the global naphtha market is segmented on the
basis of application, and geography. Chemicals, energy/fuel, and
others are the three main classifications under the application
segment. Chemicals include petrochemicals, benzene, xylene, and
toluene. Energy and fuels category includes steel plants, power
plants, and fertilizer units. Others includes non renewables. Under
the application segment, the global naphtha market is dominated by
chemicals like xylenes, toluene, benzene, and petrochemicals. In
fact, this application segment accounts for more than 50% share in
the global naphtha market.
As
per this market research report, till about two years back, the
global naphtha market was dominated by the Asia Pacific both in terms
of revenue and volume. Due to the booming plastics, construction, and
the automotive markets, Taiwan, India, and China are witnessing high
growth rates in the global naphtha market. The second largest naphtha
market accounting for almost one fourth of the total share is North
America. However, according to industry forecasts, it has been
concluded that this market may witness a fall in its market value in
the forthcoming years. This expected trend can be attributed to
rising demand for cheaper alternatives, and higher prices of naphtha.
Europe’s share may also decrease by the year 2019 due to lower
seasonal demand for naphtha, and rising prices of crude oil.
Get
Sample Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=628
This
research report states that the global naphtha market is
characterized by volatility in terms of pricing. In order to tackle
the issue of volatile pricing, several manufacturers in the global
naphtha market enter into long term contracts with suppliers of raw
materials. The global naphtha market consists of several small and
medium scale manufacturers, and is highly fragmented. The main
challenge that is faced by the global naphtha market is the threat of
forward integration from raw material suppliers. Most of the key
players in the naphtha market depend mostly on third party
distributors in order to reach out to their targeted customer groups.
Some
of the prominent players in the global naphtha market mentioned in
this report include Chevron, BP, and Shell.
About
Us
Transparency
Market Research is a global market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. We are
privileged with highly experienced team of Analysts, Researchers, and
Consultants, who use proprietary data sources and various tools and
techniques to gather, and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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