Naphtha rose to 516.78 USD/T on December 1, 2025, up 1.18% from the previous day. Over the past month, Naphtha's price has fallen 4.73%, and is down 13.47% compared to the same time last year, 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 December of 2025.

In Q3 2025, North America, the Naphtha Price Index fell by 2.22% quarter-over-quarter, reflecting softer crude arbitrage. Check detailed insights for Europe, MEA, South America and APAC.

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.

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 monthly price of naphtha worldwide experienced fluctuations from January 2020 to October 2024. In 2024, the highest price occurred in March, reaching *** 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 *** U.S. dollars per metric ton.

Snapshot img

Naphtha Market Size 2025-2029

The naphtha market size is valued to increase USD 47.1 billion, at a CAGR of 3.8% from 2024 to 2029. Increase in demand for naphtha in petrochemical industry will drive the naphtha market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 40% growth during the forecast period.
By Type - Heavy naphtha segment was valued at USD 132.60 billion in 2023
By Application - Chemicals segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 34.47 billion
Market Future Opportunities: USD 47.10 billion
CAGR : 3.8%
APAC: Largest market in 2023

Market Summary

The market represents a significant segment of the global petrochemical industry, characterized by continuous evolution and growth. With the increasing demand for naphtha as a key feedstock in the production of various petrochemicals, its market share in the petrochemical industry is projected to expand. Naphtha's role extends to fuel applications, such as LPG, and non-fuel uses, like rubber production, oils, edible fats, personal care products, and synthetic rubber. According to recent reports, the market is expected to witness a substantial increase in investment in the extraction and processing of this hydrocarbon due to its versatile applications. However, the market is not without challenges. Stringent regulations on the usage of naphtha, particularly in developed regions, pose a significant hurdle for market growth.
For instance, the European Union's REACH regulations have imposed strict restrictions on the production and use of certain naphtha-based chemicals. Despite these challenges, opportunities abound in emerging markets, where the demand for petrochemicals is on the rise. For instance, in Asia Pacific, the market is expected to grow at a robust pace due to the increasing demand for polymers and other petrochemical products in the region. According to a study, the Asia Pacific market is projected to account for over 40% of the global market share by 2025.

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

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Naphtha Market Segmented and what are the key trends of market segmentation?

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.

Heavy naphtha, an aliphatic-aromatic hydrocarbon mixture, has emerged as a crucial component in the global refining industry. In 2024, the industrial demand for heavy naphtha witnessed a notable surge, driven by its extensive applications in various sectors. Heavy naphtha plays a pivotal role in the chemical synthesis process, serving as a primary feedstock for producing petrochemicals. These petrochemicals include plastics, synthetic rubbers, and resins, which are integral to numerous industries such as automotive, construction, and packaging. Additionally, heavy naphtha is a vital ingredient in refinery processes, contributing to the production of gasoline and other fuel products. Moreover, the rise of shale gas extraction has fueled the demand for heavy naphtha as a diluent for crude oil transportation.

This application is particularly significant in the context of crude oil refining, where heavy naphtha's low viscosity and high flash point make it an ideal solvent for enhancing the flow properties of crude oil. The versatility of heavy naphtha extends beyond its industrial applications. It is also employed as a solvent in various processes, including solvent extraction, odor detection, and paint thinner production. In the realm of safety data sheets, heavy naphtha's flammability rating and handling procedures are essential considerations for ensuring safe storage conditions. As the market for heavy naphtha continues to evolve, process optimization and yield improvement remain key priorities for industry players.

Request Free Sample

The Heavy naphtha segment was valued at USD 132.60 billion in 2019 and showed a gradual increase during the forecast period.

Quality control measures and regulatory compliance are also essential, as

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.

The global heavy naphtha market is experiencing robust growth, driven by increasing demand from the petrochemical industry for its use as a feedstock in the production of ethylene and propylene. While precise market size figures for 2025 are unavailable, a reasonable estimation, considering typical market dynamics and growth trends in the petrochemical sector, would place the market value at approximately $30 billion USD. This signifies a significant market opportunity. Assuming a conservative Compound Annual Growth Rate (CAGR) of 4% over the forecast period (2025-2033), the market is projected to reach approximately $44 billion USD by 2033. This growth is fueled by expanding production capacities of downstream petrochemical plants, particularly in Asia-Pacific, which is a major consumer of heavy naphtha. Furthermore, advancements in refinery technology and ongoing investments in upgrading existing refineries are expected to contribute to the market's expansion. However, fluctuating crude oil prices and increasing environmental regulations pose potential challenges to the market's future growth trajectory. The major players in the heavy naphtha market, including Shell Chemicals, TotalEnergies, Sinopec, BP, ADNOC, Aramco, PEMEX, Mangalore Refinery and Petrochemicals Limited, Kuwait Petroleum Corporation, Hindustan Petroleum Corporation Limited, and ONGC, are strategically investing in capacity expansions and technological advancements to maintain their market positions. Competition is expected to intensify as new players enter the market, particularly in emerging economies. The market segmentation (data not provided) likely reflects various grades of heavy naphtha, impacting pricing and applications. Further geographic analysis (data not provided) would likely show a significant concentration of production and consumption in Asia-Pacific and the Middle East, given their established petrochemical industries. Continued monitoring of geopolitical factors, economic growth rates in key regions, and evolving environmental regulations is crucial to accurately forecast future market performance.

Naphtha Israel Petroleum reported ILS6.28B in Assets for its fiscal quarter ending in March of 2025. Data for Naphtha Israel Petroleum | NFTA - Assets including historical, tables and charts were last updated by Trading Economics this last December in 2025.

According to Cognitive Market Research, the global Light Naphtha market size was 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 a r...

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.

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.

Naphtha Israel Petroleum reported ILS242.43M in Cost of Sales for its fiscal quarter ending in March of 2025. Data for Naphtha Israel Petroleum | NFTA - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last December in 2025.

[310 Pages Report] Naphtha is a highly inflammable mixture of hydrocarbons produced by distillation of crude oil, coal tar, peat, and natural gas condensates. A full run naphtha consists of 5 to 12 carbon atoms with boiling point in the range of about 30oC - 200oC. Naphtha is a mix of light and heavy naphtha depending on their carbon structure.

Renewable Naphtha Market Outlook

According to our latest research, the global renewable naphtha market size reached USD 1.34 billion in 2024, reflecting robust expansion driven by rising demand for sustainable feedstocks across multiple industries. The market is experiencing a strong growth trajectory, registering a CAGR of 16.2% during the forecast period. By 2033, the renewable naphtha market is projected to attain a value of USD 4.13 billion, underscoring its critical role in the transition toward greener energy and materials. This growth is primarily fueled by stringent regulatory pressures, increasing adoption of bio-based chemicals, and the accelerating shift of petrochemical and automotive sectors toward low-carbon alternatives.

One of the primary growth factors propelling the renewable naphtha market is the escalating demand for sustainable and eco-friendly alternatives in the chemical and energy sectors. As global awareness around climate change intensifies, governments and regulatory bodies are implementing policies that favor renewable and low-carbon feedstocks. This has prompted key players in the petrochemical and plastics industries to integrate renewable naphtha into their production processes, aiming to reduce their carbon footprints and comply with evolving legislative frameworks. Additionally, the automotive industry’s push for cleaner fuels and the rising trend of circular economies are further catalyzing the adoption of renewable naphtha, especially as it seamlessly fits into existing infrastructure without requiring significant technological overhauls.

Technological advancements and innovation in feedstock processing are also significant contributors to the market’s robust growth. The development of advanced conversion technologies, such as hydroprocessing and pyrolysis, has enabled the efficient transformation of diverse renewable sources—including biomass, vegetable oils, animal fats, and municipal solid waste—into high-quality naphtha. These innovations have not only improved yield and cost-effectiveness but have also expanded the range of viable feedstocks, making renewable naphtha production more adaptable and scalable. Furthermore, strategic collaborations between technology providers, refiners, and end-users are accelerating the commercialization and market penetration of renewable naphtha, with pilot plants evolving into full-scale operations across key regions.

The increasing investments from both public and private sectors are further accelerating the expansion of the renewable naphtha market. Governments, particularly in Europe and North America, are providing financial incentives, grants, and subsidies to support the construction of renewable naphtha production facilities. Simultaneously, multinational corporations are committing to ambitious sustainability targets, driving investments in bio-refineries and integrated value chains. This influx of capital is fostering innovation, enhancing supply chain capabilities, and reducing the overall cost of renewable naphtha, making it a more competitive alternative to conventional fossil-based naphtha. The growing participation of institutional investors and venture capitalists is also indicative of the market’s long-term potential and attractiveness.

Regionally, Europe leads the renewable naphtha market, accounting for the largest share in 2024, followed by North America and Asia Pacific. The European Union’s stringent environmental regulations and aggressive decarbonization goals have made it a frontrunner in both production and consumption of renewable naphtha. North America is witnessing rapid growth, buoyed by increasing investments in bio-refineries and favorable government policies. Asia Pacific, led by countries like Japan, South Korea, and China, is emerging as a significant market, driven by rising industrialization, growing demand for sustainable petrochemicals, and the region’s increasing commitment to reducing greenhouse gas emissions. Latin America and the Middle East & Africa are also showing promising growth, albeit at a nascent stage, as they gradually adopt renewable feedstock solutions.

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.

In Q3 2025, India, the Heavy Aromatic Naphtha Solvent Price Index fell by 4.54% quarter-over-quarter, reflecting weakness. Check detailed insights for Europe and North America.

The size of the Naphtha Market market has been estimated to be around USD 197.1 billion for the year 2023 and is projected to reach around USD 264.65 billion by the end of the year 2032, with an expected CAGR of 4.3 % during the forecast period. The global Naphtha Market is valued at USD 197.1 billion and is forecasted to grow with an enormous CAGR of 4.3%. The growth is mainly due to increasing demand from the energy, chemical, and petrochemical industries for naphtha. Increasing usage of naphtha as a feedstock in the manufacturing of fuels, solvents, and plastics has shown growth. Petrochemical plants using naphtha as feedstock are also experiencing increased demand and hence market growth. Technological advancements and innovations in catalytic reforming and hydrocracking are also factors that are contributing to the expanding market. Recent developments include: In February 2024, Saudi Aramco solidified its domestic supply chain ecosystem by securing 40 procurement agreements worth USD 6 billion with Saudi-based suppliers, supporting localization initiatives and aligning with the iktva program, which fosters economic growth and diversification in Saudi Arabia. , In March 2023, ExxonMobil Corporation completed its USD 2 billion Beaumont refinery expansion, adding 250,000 barrels per day capacity to a Gulf Coast complex, equivalent to a medium-sized refinery, boosting energy product output and meeting growing demand. , In December 2023, Coolbrook cracked naphtha in its large-scale pilot plant, validating its RotoDynamic Reactor Technology for electric steam cracking and reducing CO2 emissions by 300 million tons annually, solidifying its leadership in electric steam cracking and decarbonization. . Key drivers for this market are: Growing population and urbanization lead to increased demand for transportation and energy. Rising demand for plastics and petrochemicals in automotive, packaging, and construction industries. Government initiatives and regulations promoting the use of clean fuels and energy sources.. Potential restraints include: Fluctuations in crude oil prices can impact the price and availability of naphtha. Strict environmental regulations and emission control measures pose challenges to naphtha producers. Competition from natural gas and LPG as alternative fuels and feedstocks.. Notable trends are: Increasing demand for naphtha in the petrochemical industry for the production of plastics and synthetic fibers. Adoption of advanced technologies to enhance naphtha refining processes and reduce emissions. Rising consumption of naphtha as a clean-burning fuel for transportation and industrial applications..

The global naphtha market is estimated to grow from USD 232.80 billion in 2024 to USD 361.40 billion by 2035, representing a higher CAGR of 4.08% during the forecast period.

The global light naphtha market is experiencing robust growth, driven by increasing demand from the petrochemical industry, particularly for ethylene production. The market size in 2025 is estimated at $50 billion (assuming a reasonable market size based on related petroleum products), exhibiting a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033. This growth is fueled by several key factors, including the rising global consumption of plastics and other petrochemical derivatives, expanding infrastructure in developing economies, and advancements in petrochemical production technologies that optimize light naphtha utilization. However, fluctuations in crude oil prices and evolving environmental regulations pose significant challenges to the market's sustained expansion. The competitive landscape is dominated by major integrated oil and gas companies like Shell Chemicals, Total, Sinopec, and BP, alongside regional players like ADNOC, ARAMCO, and PEMEX. These companies are investing heavily in refining capacity and downstream petrochemical projects, further shaping the market dynamics. The forecast period (2025-2033) anticipates a continued, albeit moderated, expansion of the light naphtha market, primarily driven by consistent growth in Asia-Pacific and the Middle East, regions with burgeoning petrochemical industries and significant refining capacity. While environmental concerns related to greenhouse gas emissions from petrochemical production may act as a restraint, the continuous innovation in cleaner production technologies and the rising demand for plastic products are expected to outweigh these concerns in the short-to-medium term. The market segmentation shows significant variations in regional demand, influenced by economic growth, population density, and industrial development. The strategic alliances and mergers and acquisitions within the sector are expected to further consolidate market share amongst leading players.