Heavy Naphtha Market
Heavy Naphtha Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Heavy Naphtha Market Size and Growth
The Heavy Naphtha market is characterized by steady growth, driven by increasing demand in petrochemical production and refining sectors. As of 2023, the market size is estimated to exceed $30 billion, with a projected CAGR of 5% over the next five years, reflecting robust industrial activity and energy needs.
Companies Covered
(Covid 19 Impact Covered)
◍ Shell Chemicals
◍ Total
◍ Sinopec
◍ BP
◍ ADNOC
◍ ARAMCO
◍ PEMEX
The Heavy Naphtha market features key players like Shell Chemicals, Total, Sinopec, and BP, leveraging heavy naphtha for petrochemical production. Companies like ADNOC and ARAMCO enhance market growth through investments in refining technologies. Notable revenues include Total’s $60 billion and BP’s $14 billion, driving industry dynamics.
◍ Mangalore Refinery and Petrochemicals Limited
◍ Kuwait Petroleum Corporation
◍ Hindustan Petroleum Corporation Limited
◍ ONGC
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Market Segmentation
By Application
Energy & Additives
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By Product
Market Growth
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$ X Billion USD
