Naphtha fell to 545.84 USD/T on July 3, 2025, down 1.02% from the previous day. Over the past month, Naphtha's price has risen 3.27%, but it is still 22.66% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Naphtha - values, historical data, forecasts and news - updated on July of 2025.

In Q1 2025, the U.S. Naphtha market exhibited a mixed trend, marked by an initial surge in January, followed by a period of gradual price decline through February and March. Prices peaked at USD 610/MT FOB Texas in mid-January, driven by bullish sentiment in the crude oil market, elevated refining costs, and robust gasoline production. However, by the end of March, prices had fallen, reflecting bearish sentiment, lower crude oil prices, and weakening demand from the petrochemical sector.

In 2023, the global price of naphtha stood at approximately *** U.S. dollars per metric ton. This represents a slight decrease from the average global price per in the previous year of *** U.S. dollars per metric ton.

The monthly price of naphtha worldwide experienced fluctuations from January 2020 to October 2024. In 2024, the highest price occurred in March, reaching 711 U.S. dollars per metric ton. However, the price gradually declined in the following months. The lowest figure in 2024 was recorded in September, at 647 U.S. dollars per metric ton.

Get the latest insights on price movement and trend analysis of Naphtha in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The naphtha prices in the USA for Q4 2023 reached 563 USD/MT in December. In Q4 2023, the USA's naphtha market experienced a bearish trend, driven by falling crude oil prices, which made production more affordable. Despite stable demand, concerns over inflation control contributed to the price decline. The market faced potential transportation challenges due to winter conditions, but supply remained steady throughout the quarter, with no major disruptions.

Naphtha Prices December 2023

Explore IMARC’s newly published report, titled “Naphtha Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of naphtha pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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Naphtha Market Size 2025-2029

The naphtha market size is forecast to increase by USD 47.1 billion at a CAGR of 3.8% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for this versatile petrochemical feedstock in the production of polymers and other petrochemicals. This trend is particularly evident in the petrochemical industry, where naphtha's ability to yield a wide range of high-value products makes it an essential component. Furthermore, the investment in the extraction of naphtha from various sources, such as refineries and shale gas, is expected to bolster market growth. However, the market's expansion is not without challenges. Stringent regulations on the usage of naphtha, particularly in relation to its emissions and safety concerns, pose significant obstacles for market participants.
Companies must navigate these regulations to ensure compliance while maintaining profitability. Effective strategies for addressing these challenges include the adoption of advanced technologies for emissions reduction and the implementation of robust safety protocols. By staying informed of these market dynamics and proactively addressing challenges, companies can capitalize on the opportunities presented by the growing demand for naphtha in the petrochemical industry.

What will be the Size of the Naphtha Market during the forecast period?

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Naphtha, a light distillate hydrocarbon, plays a pivotal role in the global energy and petrochemical industries. Its continuous evolution is driven by various market dynamics and applications across sectors. The intricate interplay of refinery margins, crude oil, and the supply-demand balance shapes the market. Capacity expansion in the naphtha supply chain, fueled by the petrochemical industry's insatiable demand for feedstock, is a persistent trend. Steam cracking and new technologies, such as naphtha cracking, are transforming olefins production, while carbon emissions and geopolitical factors influence the industry's trajectory. The oil and gas sector's upstream industries contribute significantly to naphtha production, and the petrochemical complex's evolving patterns reflect the interconnected nature of the market.
Naphtha pricing and project development are crucial factors shaping the market's landscape, with polymer production, synthetic rubber, energy security, and economic growth driving demand. Environmental regulations and refinery operations necessitate process optimization, energy efficiency, and yield improvement. The market's complexity is further accentuated by its role as a petrochemical feedstock for downstream industries and its role in catalytic cracking. Catalyst development and process technology innovation continue to shape the market's future. The global demand for naphtha is diverse, with regional variations in demand influenced by economic factors and regulatory frameworks. In the ever-changing landscape of the market, stakeholders must navigate the intricacies of this dynamic industry, adapting to emerging trends and evolving patterns to remain competitive.

How is this Naphtha Industry segmented?

The naphtha industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Heavy naphtha
  Light naphtha


Application

  Chemicals
  Energy/fuel
  Others


Process

  Refining
  Steam Cracking


End-use Industry

  Chemical
  Energy
  Transportation


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The heavy naphtha segment is estimated to witness significant growth during the forecast period.

The market experiences dynamic activity, driven by the demand for heavy naphtha. In 2024, heavy naphtha emerged as a crucial player due to its diverse applications in various industries. Its significance lies in its role as a feedstock for petrochemical production, contributing to the manufacture of plastics, synthetic rubbers, and resins. Moreover, heavy naphtha is integral to the production of gasoline and fuel products. The surge in shale gas utilization has boosted heavy naphtha's demand as a diluent for crude oil transportation. The petrochemical industry's expansion, driven by economic growth, has influenced the supply-demand balance, necessitating capacity expansion in refineries.

New technologies, such as steam cracking and catalytic cracking, have improved energy efficiency and yield in naphtha cracking processes. However, carbon emissions remain a concern, prompting environme

Access monthly energy price assessments for Germany, featuring Naphtha. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Free preview available.

According to Cognitive Market Research, the global Light Naphtha market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The chemicals category is the fastest growing segment of the Light Naphtha industry

Market Dynamics of Light Naphtha Market

Key Drivers for Light Naphtha Market

Growing Demand for Petrochemical Industry to Boost Market Growth

The Light Naphtha Market is growing largely due to demand from the petrochemical sector. Light naphtha is an essential feedstock for steam-cracking procedures that create ethylene, propylene, and other vital petrochemicals. Synthetic rubbers, plastics, and chemicals utilized in the construction, automotive, and packaging industries are just a few of the various products that these chemicals are used to make. Light naphtha demand is expected to climb sharply due to rapid industrialization and expanding production facilities, particularly in Asia Pacific and the Middle East. Additionally, continuous investments in integrated refinery-petrochemical complexes and large-scale petrochemical facilities increase demand for light naphtha and strengthen its crucial position in the market.

Increasing Demand for Automotive Industry to Drive Market Growth

The market for light naphtha is being driven in large part by the expansion of the automobile sector. Light naphtha is essential for gasoline blending because it provides the high octane ratings needed for modern cars to burn fuel efficiently. More people own cars worldwide, especially in developing nations in Asia Pacific, Latin America, and Africa, which raises demand for gasoline, which in turn boosts demand for light naphtha. The use of light naphtha in the creation of cleaner gasoline compositions also follows the trend toward high-performance and low-emission fuels. The market for light naphtha is also being supported by developments in fuel efficiency technology and growing vehicle manufacturing. Light naphtha's crucial contribution to gasoline manufacturing fuels market expansion as the automobile industry grows.

Restraint Factor for the Light Naphtha Market

Price Fluctuations for Crude Oil Can Affect Market Stability and Production Costs Will Limit Market Growth

Crude oil price volatility is a major barrier to the Light Naphtha market. Light naphtha is produced by refining crude oil; therefore, changes in the world oil markets have a significant impact on its availability and cost. Light naphtha production costs and profitability are impacted by volatile crude oil prices, creating uncertainty for petrochemical and refinery manufacturers. High crude prices can affect the supply of light naphtha by lowering refining profits, which may lead some refiners to restrict production or look for alternate feedstocks. Further aggravating market dynamics are geopolitical tensions, supply disruptions, and changes in energy regulations, all of which increase the volatility of crude oil prices. For long-term planning and investment in the light naphtha sector, this uncertainty presents difficulties.

Impact of Covid-19 on the Light Naphtha Market

The COVID-19 pandemic had a major effect on the light naphtha market, mostly because it caused supply chain disruptions worldwide and decreased demand from end-use sectors. Light naphtha is a crucial component of gasoline, and its production was directly impacted by the dramatic drop in transportation fuel demand brought on by lockdowns, travel restrictions, and...

Comprehensive historical data and future forecasts for Naphtha prices in United States, crucial for market analysis and strategic planning.

Naphtha Israel Petroleum reported ILS528.03M in Cost of Sales for its fiscal quarter ending in December of 2024. Data for Naphtha Israel Petroleum | NFTA - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Japan Oil Import Price: Naphtha data was reported at 53,579.649 JPY/kl in Oct 2018. This records an increase from the previous number of 51,706.925 JPY/kl for Sep 2018. Japan Oil Import Price: Naphtha data is updated monthly, averaging 38,734.619 JPY/kl from Mar 1997 (Median) to Oct 2018, with 260 observations. The data reached an all-time high of 86,808.880 JPY/kl in Aug 2008 and a record low of 9,997.939 JPY/kl in Mar 1999. Japan Oil Import Price: Naphtha data remains active status in CEIC and is reported by Petroleum Association of Japan. The data is categorized under Global Database’s Japan – Table JP.P012: Oil Import Price.

Comprehensive historical data and future forecasts for Naphtha prices in China, crucial for market analysis and strategic planning.

Japan Oil Import Price: USD: Naphtha data was reported at 75.449 USD/Barrel in Oct 2018. This records an increase from the previous number of 73.972 USD/Barrel for Sep 2018. Japan Oil Import Price: USD: Naphtha data is updated monthly, averaging 54.062 USD/Barrel from Mar 1997 (Median) to Oct 2018, with 260 observations. The data reached an all-time high of 127.552 USD/Barrel in Aug 2008 and a record low of 13.259 USD/Barrel in Mar 1999. Japan Oil Import Price: USD: Naphtha data remains active status in CEIC and is reported by Petroleum Association of Japan. The data is categorized under Global Database’s Japan – Table JP.P012: Oil Import Price.

The Expert Market Research report, titled “Naphtha Manufacturing Plant Project Report 2025 Edition: Industry Trends, Capital Investment, Price Trends, Manufacturing Process, Raw Materials Requirement, Operating Cost, and Revenue Statistics,” provides an in-depth and comprehensive examination of the financial and operational aspects of establishing a naphtha plant.

In India, the heavy aromatic naphtha solvent prices for Q2 2024 reached 830 USD/MT in June. The quarter was characterized by an excess of supply, as production persisted while inventory management remained cautious. This, along with economic uncertainties, impacted industrial activity and purchasing behavior. Factors related to the change in seasons like the recovery period after the monsoon, also had an impact on the market.

Access monthly energy price assessments for Brazil, featuring Naphtha. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Free preview available.

Bionaphtha (Bio-Based Naphtha) Market Outlook

The global market size of Bionaphtha (Bio-Based Naphtha) was estimated at USD 2.3 billion in 2023 and is projected to reach USD 5.7 billion by 2032, growing at a CAGR of 10.6% during the forecast period. The growth of this market is driven by increasing demand for sustainable and eco-friendly alternatives to conventional naphtha, supported by stringent government regulations and rising environmental concerns.

The primary growth factor for the Bionaphtha market is the escalating environmental regulations that mandate the reduction of carbon footprints across various industries. Governments worldwide are imposing stricter emissions standards, which is compelling industries to seek sustainable alternatives to fossil fuel-based products. Bionaphtha, being derived from renewable resources, presents a viable solution to meet these regulatory requirements. Additionally, the increasing awareness among consumers about environmental issues is further propelling the demand for bio-based products, including Bionaphtha.

Technological advancements in bio-refining processes are another critical factor contributing to the growth of the Bionaphtha market. Innovations in production methods such as fermentation, pyrolysis, and gasification have significantly improved the efficiency and yield of Bionaphtha. These advancements are making bio-based naphtha more competitive in terms of cost and performance when compared to its fossil fuel-based counterpart. As technology continues to evolve, it is expected to play a crucial role in the scalability and commercialization of Bionaphtha, thereby driving market growth.

The increasing application of Bionaphtha across various industries, including chemicals, energy and fuel, and plastics, is also fueling market growth. In the chemicals industry, Bionaphtha is used as a feedstock for the production of bio-based chemicals and polymers. In the energy sector, it is utilized as a renewable fuel, contributing to the reduction of greenhouse gas emissions. The plastics industry is also incorporating Bionaphtha in the production of bio-based plastics, which are gaining popularity due to their biodegradability and lower environmental impact. The diverse applications of Bionaphtha are thus expected to sustain its demand over the forecast period.

Regionally, the Asia Pacific region is anticipated to be the largest market for Bionaphtha during the forecast period, driven by rapid industrialization, favorable government policies, and the presence of a large number of bio-refineries. Europe is also expected to witness significant growth due to stringent environmental regulations and the European Union's commitment to reducing carbon emissions. North America, while mature, continues to invest in bio-based technologies, contributing steadily to market growth. Latin America and the Middle East & Africa are emerging markets with substantial potential, albeit at a slower growth rate compared to other regions.

Type Analysis

The Bionaphtha market can be segmented by type into Light Naphtha and Heavy Naphtha. Light Naphtha is primarily used as a feedstock for producing chemicals and plastics. It is highly valued for its lower boiling point, which makes it suitable for various refining processes. The growing demand for bio-based chemicals and eco-friendly plastics is driving the adoption of Light Naphtha. Additionally, advancements in refining technologies are enhancing the efficiency of Light Naphtha production, further supporting market growth.

Heavy Naphtha, on the other hand, is predominantly used in the energy sector as a fuel. It has a higher boiling point, making it suitable for applications that require higher energy content. The increasing focus on renewable energy sources and the need to reduce reliance on fossil fuels are driving the demand for Heavy Naphtha. Moreover, the ability of Heavy Naphtha to serve as a blending component in the production of gasoline is further contributing to its market growth. The ongoing research and development activities aimed at improving the yield and efficiency of Heavy Naphtha production are expected to create new growth opportunities in this segment.

Both Light and Heavy Naphtha are witnessing significant demand due to their eco-friendly nature and the growing emphasis on sustainability. The choice between Light and Heavy Naphtha largely depends on the specific application and industry requirements. The continuous advancements in production technologies and the increasing adoption of bio-based products are expected to drive t

Paraffinic Naphtha Market Outlook

The global paraffinic naphtha market size was valued at approximately USD 16.5 billion in 2023, and it is projected to reach USD 24.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. This growth can largely be attributed to increasing demand in the petrochemical industry, as paraffinic naphtha is a crucial feedstock for the production of various chemicals and plastics. The rising shift towards cleaner fuels and the expansion of the petrochemical sector globally are among the key factors driving the market upwards. Emerging markets in Asia Pacific and the Middle East are particularly poised for rapid growth, contributing significantly to global trends.

The growth of the paraffinic naphtha market is propelled by the increasing demand for petrochemical derivatives, which are essential components in the manufacture of a wide range of products including plastics, fertilizers, and synthetic rubber. The burgeoning automotive and construction industries, especially in developing countries, have spurred an increase in the demand for these derivatives, thereby driving the need for paraffinic naphtha. Additionally, the shift towards more sustainable and eco-friendly materials in various industries is prompting a switch to paraffinic naphtha, which is known for its low sulfur content and cleaner burning properties. This trend is expected to continue as companies strive to meet stricter environmental regulations and consumer demand for greener products.

Technological advancements in refining techniques have also contributed to the growth of the paraffinic naphtha market. Refiners are now able to produce higher yields of paraffinic naphtha with enhanced purity, making it more suitable for high-grade applications in the chemical industry. This has opened up new avenues for its use in specialty chemicals and advanced materials, further broadening the market's scope. Innovations in catalytic cracking and reforming processes have also improved the efficiency and cost-effectiveness of paraffinic naphtha production, thereby making it more attractive to end-users. As a result, the market is witnessing increased investment in R&D to develop even more efficient production methods.

Furthermore, the global emphasis on reducing carbon footprints and the gradual phasing out of coal and other heavier fuels are bolstering the market for light and heavy paraffinic naphtha. Governments worldwide are implementing policies and incentives to promote cleaner fuel alternatives, which in turn is boosting the demand for naphtha as it serves as both a cleaner burning fuel option and a key ingredient in gasoline blending. This shift is expected to further stimulate the growth of the paraffinic naphtha market as countries work towards meeting their environmental commitments under international accords such as the Paris Agreement.

Petroleum Liquid Feedstocks play a crucial role in the paraffinic naphtha market, serving as a primary input for the production of various petrochemical products. These feedstocks are derived from crude oil and are essential in the refining process to produce naphtha with the desired characteristics for specific applications. The quality and composition of petroleum liquid feedstocks directly impact the efficiency and yield of paraffinic naphtha, making them a vital component in the supply chain. As the demand for high-performance and sustainable chemical products continues to rise, the importance of optimizing petroleum liquid feedstocks becomes increasingly evident. Refineries are investing in advanced technologies to enhance the processing of these feedstocks, ensuring that they meet the stringent quality standards required by the petrochemical industry. This focus on feedstock optimization is crucial for maintaining competitiveness and supporting the growth of the paraffinic naphtha market.

Regionally, Asia Pacific is expected to dominate the paraffinic naphtha market, driven by rapid industrialization and urbanization, particularly in China and India. These countries are not only expanding their petrochemical manufacturing bases but are also substantial consumers of naphtha for gasoline blending due to their large automotive markets. North America and Europe are also significant markets, with advancements in refining technologies and stringent environmental regulations fostering demand. The Middle East, with its rich crude oil reserves and growing petrochemical industry, presents lucrative opportunities for market growth. Together, t

Naphtha Israel Petroleum reported ILS5.95B in Assets for its fiscal quarter ending in December of 2024. Data for Naphtha Israel Petroleum | NFTA - Assets including historical, tables and charts were last updated by Trading Economics this last July in 2025.