Naphtha Market Analysis, Size and Growth 2023
Naphtha Market Overview As per Market Research Future (MRFR)’s analysis, the global naphtha market is poised to scale new heights over the forecast period 2016 to 2023. It has developed application across different industrial processes such as the production of gasoline, shoe polish, cleaning fluids, and fuel for portable stoves. The expected upsurge in the demand for end-use products is likely to drive the growth of the market in the forthcoming years. The petroleum industry resonates strong opportunities for the growth of the naphtha market. The industry has witnessed revenue growth in the recent years and is expected to accelerate consumption of naphtha as a feedstock. The regulatory overhangs are unlikely to have any negative effect on the expansion of the naphtha market in the foreseeable future. Rapid urbanization has necessitated the proliferation of the transportation industry across the world. This, in turn, has generated excessive demand for gasoline. Naphtha has ...