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The naphtha market size is forecast to increase by USD 44.30 billion at a CAGR of 3.72% between 2023 and 2028. The market is experiencing significant growth due to several key factors. One of these factors is the escalating demand for naphtha in the petrochemical industry, as it serves as a crucial raw material for the production of various petrochemicals. The expansion of this industry is driving the growth of the naphtha market. Another factor contributing to the market's expansion is the increasing use of naphtha in agriculture. Naphtha is being employed more frequently as a solvent and fuel in this sector, leading to a rise in market demand. Moreover, naphtha's significance as a petroleum liquid feedstock for various petrochemical processes cannot be overlooked. Its importance in this capacity further underscores its role in driving market growth. Collectively, these factors are shaping the evolution of the naphtha market, highlighting its diverse applications and increasing importance across various industries.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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