- The capacity and configuration of refineries determine the production levels of naphtha. Refineries with high naphtha yields contribute to ample supply, while those with lower yields may experience supply constraints. Moreover, shifts in crude oil prices and availability affect refining economics, influencing naphtha production and pricing
- Thus, understanding and responding to refining industry dynamics is essential for stakeholders in the naphtha market to anticipate supply fluctuations and pricing trends
- Asia-Pacific dominated the naphtha market with the largest revenue share of 44.3% in 2024, driven by the region's strong petrochemical industry, rapid industrial expansion, and rising demand for plastic and chemical products
- Europe naphtha market is projected to grow at the fastest CAGR of 11.8% from 2025 to 2032, driven by increasing investments in petrochemical modernization, recycling technologies, and the transition toward low-carbon and circular economy practices
- The Light Naphtha segment dominated the Naphtha market with the largest revenue share of 58.3% in 2024, attributed to its widespread use as a primary feedstock in petrochemical production, particularly for manufacturing ethylene, propylene, and aromatics
