Naphtha Market to Reach USD 381.58 Billion by 2035

Industry

โดย GlobeNewswire·Read original

Summary · why it matters

The global naphtha market is projected to grow from USD 235.07 billion in 2025 to USD 381.58 billion by 2035, at a compound annual growth rate of 4.96 percent. Heavy naphtha held the largest revenue share at 61.4 percent in 2025, driven by its high olefin yields in steam crackers, while petrochemicals accounted for 54.7 percent of revenue due to demand for ethylene and propylene. Asia Pacific led the market in 2025, with China representing 44.3 percent of regional revenues, supported by integrated refinery-petrochemical plants from Sinopec, PetroChina, Hengli, and Rongsheng. In 2025, Sinopec started operations at a 1.4 million metric ton per year naphtha-fed steam cracker at Zhenhai Refining & Chemical, the largest single-train addition in China's history. The United States naphtha market was valued at USD 30.83 billion in 2025 and is expected to reach USD 46.87 billion by 2035, while Europe's market is forecast to grow from USD 60.45 billion to USD 98.03 billion over the same period.