Naphtha rose to 557.42 USD/T on July 11, 2025, up 1.24% from the previous day. Over the past month, Naphtha's price has risen 0.61%, but it is still 19.95% 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.

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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

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).

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.

The global naphtha market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) exceeding 4.00% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the burgeoning petrochemical industry's increasing demand for naphtha as a crucial feedstock for ethylene and propylene production is a significant driver. The growth of the plastics and polymers sector, in turn, fuels this demand. Secondly, the expanding agricultural sector relies on naphtha-derived fertilizers and pesticides, contributing to market growth. Furthermore, the paints and coatings industry, and even niche sectors like aerospace, utilize naphtha-based solvents and materials, creating diverse application opportunities. Light naphtha, due to its higher purity and suitability for petrochemical applications, is expected to dominate the market by type. Geographically, the Asia-Pacific region, particularly China and India, are projected to be major contributors to market growth, driven by rapid industrialization and expanding infrastructure projects. However, fluctuating crude oil prices and stringent environmental regulations pose potential challenges to market growth. The competitive landscape is marked by the presence of several major integrated oil and gas companies and specialized petrochemical firms vying for market share, leading to both innovation and consolidation. Despite the positive outlook, certain restraints are anticipated. Government policies promoting sustainable alternatives and reducing reliance on fossil fuels could moderate growth. Volatility in crude oil prices will directly impact naphtha pricing, affecting industry profitability. Furthermore, the increasing focus on environmental sustainability is likely to lead to stricter emission control standards, necessitating investments in cleaner production technologies. However, ongoing technological advancements, aimed at improving efficiency and reducing the environmental footprint of naphtha production and its applications, are expected to offset these restraints to a degree. The segmentation by end-user industry reveals a diversified market, with petrochemicals maintaining a dominant position, indicating significant future prospects based on the long-term growth outlook for plastics and other polymer-based applications. Recent developments include: October 2022: LG Chem shuts down its naphtha crackers in South Korea for maintenance for seven weeks. It will affect the supply of petrochemicals in the region during maintenance., November 2021: Exxon Mobil announced an investment in a multi-billion-dollar chemical complex in Guangdong province in southern China. It will enhance the company's production of 1.6 million tonnes/year.. Key drivers for this market are: Increasing Demand for Petrochemicals in Asia Pacific, Rising Demand for Fertilizers in India. Potential restraints include: Increasing Demand for Petrochemicals in Asia Pacific, Rising Demand for Fertilizers in India. Notable trends are: Rising Demand from Petrochemical Industry.

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Petroleum Liquid Feedstock Market Size 2024-2028

The petroleum liquid feedstock market size is forecast to increase by USD 77.22 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by the rapid expansion of the transportation sector. This sector's increasing demand for fuel is leading to a wave in the consumption of petroleum liquid feedstocks. Another trend influencing the market is the adoption of blockchain technology in the oil and gas refining industry. Blockchain's transparency and security features are expected to streamline operations, reduce costs, and enhance efficiency in the refining process. Hydrocarbons, such as naphthalene, xylene, benzene, toluene, and heavy naphtha, are essential hydrocarbon feedstocks used in the production of industrial solvents, fuels, and other oil-based commodities. However, the market's growth is not without challenges. The volatility in global crude oil prices continues to pose a significant threat to market stability, making it essential for market players to adopt strategies that mitigate price risks and ensure long-term profitability.

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The petrochemical industry relies heavily on petroleum liquid feedstocks as the primary raw material for producing a wide range of chemicals, polymers, and other petrochemical products. The automotive fleet and the energy sector are significant consumers of these products, with motor vehicles utilizing petrochemicals for fuel and in the production of plastics and textiles. Petrochemical plants and refineries are the primary sources of these feedstocks, which include oil naphtha, coal naphtha, and wood naphtha.

The petrochemical industry's demand for these feedstocks is expected to grow due to increasing demand from the automotive and energy sectors. Crude material, such as unrefined petroleum, is the primary source of these feedstocks. Oil organizations play a crucial role in the production and distribution of these feedstocks to meet the growing demand from various industries. With the rise of electric vehicles, the demand for traditional fuels may decrease, but the demand for petrochemical products derived from these feedstocks is expected to remain strong due to their wide range of applications.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Type

  Naphtha
  Gasoil


Application

  Industrial solvents
  Cleaning fluids
  Adulterant to petrol
  Gasoline
  Others


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    India


  South America



  Middle East and Africa

By Type Insights

The naphtha segment is estimated to witness significant growth during the forecast period. The petrochemical industry relies heavily on petroleum liquid feedstock derived from crude oil for the production of various chemicals, polymers, and petrochemical products. In the refining process, crude oil undergoes primary distillation, resulting in the production of naphtha. This fractional distillation separates hydrocarbons based on their boiling points, yielding light and heavy naphtha. Light naphtha is primarily used as a feedstock for the synthesis of ethylene, which is further processed to produce synthetic rubber and other essential polymers. Conversely, heavy naphtha serves as a feedstock for the production of high-octane gasoline and aromatics, such as benzene, xylene, and toluene, essential for the automotive fleet and energy sector.

Moreover, naphtha is also used as marine fuel, bunkers, and motor vehicle fuel. With the increasing focus on cleaner energy sources and climate change mitigation, the petrochemical industry is exploring alternative feedstocks, such as biofuels, renewable feedstocks, biomass, waste oils, and even carbon fiber. Simultaneously, the exploration of unconventional crude oil deposits, including shale gas and offshore drilling, continues to expand refinery capacity. Data analytics plays a crucial role in optimizing refinery operations and enhancing the overall efficiency of the petrochemical sector. The chemical sector also utilizes naphtha, coal naphtha, and other hydrocarbons as feedstocks for steam crackers to produce essential chemicals, such as octane, propylene, and butadiene.

The integration of LNG terminals and gas imports further expands the availability of feedstocks, ensuring a steady supply to meet the growing demand for petrochemical products in various industries, including textiles, plastics, and the energy sector.

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The Naphtha segment accounted for USD 220.99 billion in 2018 and showed a gradual increase during the forecast

India WPI: Wt: Fuel & Power: Mineral Oils: Naphtha data was reported at 0.867 % in Oct 2018. This stayed constant from the previous number of 0.867 % for Sep 2018. India WPI: Wt: Fuel & Power: Mineral Oils: Naphtha data is updated monthly, averaging 0.867 % from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 0.867 % in Oct 2018 and a record low of 0.867 % in Oct 2018. India WPI: Wt: Fuel & Power: Mineral Oils: Naphtha data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH034: Wholesale Price Index: 2011-12=100: Weights: Fuel and Power.

221 Global import shipment records of Naphtha with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Aromatic Petroleum Naphtha Market Outlook

The global aromatic petroleum naphtha market size was valued at approximately USD 50 billion in 2023 and is projected to reach USD 80 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.3% over the forecast period. The robust growth in this market can be attributed to the increasing demand in various applications, such as petrochemicals and solvents, fueled by rapid industrialization and urbanization, particularly in emerging economies.

One of the primary growth drivers for the aromatic petroleum naphtha market is the escalating demand in the petrochemicals sector. Aromatic naphtha serves as a crucial feedstock for producing ethylene, propylene, and other olefins, which are foundational chemicals for the manufacture of plastics, synthetic rubber, and other industrial chemicals. The global surge in plastic production, driven by its wide applicability in packaging, construction, and automotive industries, significantly boosts the demand for aromatic petroleum naphtha. Additionally, innovations in petrochemical processes that enhance yield and efficiency further propel market growth.

The increasing use of aromatic petroleum naphtha as a solvent in various industrial applications also fuels its market expansion. Industries such as paints and coatings, where naphtha serves as a thinning agent, are witnessing substantial growth due to the burgeoning construction and automotive sectors. The versatility of aromatic naphtha in dissolving various organic materials makes it indispensable in the formulation of paints, varnishes, and adhesives. Moreover, the rising trend of renovating and refurbishing old buildings and structures is expected to sustain the demand for high-quality paints and coatings, thereby driving the need for aromatic petroleum naphtha.

Another significant growth factor is the application of aromatic petroleum naphtha in the agrochemical industry. As the global population continues to rise, the demand for food and agricultural products is surging, leading to increased use of agrochemicals such as pesticides and fertilizers. Aromatic naphtha is used as a carrier solvent in the formulation of these agrochemicals, enhancing their effectiveness. The expansion of agricultural activities and the need for increased crop yields to meet food security demands contribute to the steady growth of the aromatic petroleum naphtha market in this segment.

Regionally, the Asia Pacific dominates the aromatic petroleum naphtha market, accounting for the largest share due to rapid industrialization and increasing investments in the petrochemical sector. Countries like China and India are significant contributors to this growth, with large-scale production facilities and a burgeoning middle-class population driving demand. North America and Europe also hold substantial market shares, driven by advancements in chemical processing technologies and sustainable practices. The Middle East & Africa and Latin America are expected to exhibit moderate growth, supported by the expansion of petrochemical industries and infrastructure development.

Type Analysis

The aromatic petroleum naphtha market can be segmented into light aromatic naphtha and heavy aromatic naphtha. Light aromatic naphtha is characterized by its lower boiling points and is primarily used as a feedstock in the production of petrochemicals such as benzene, toluene, and xylene. These compounds are integral in manufacturing a broad array of industrial and consumer products, including plastics, synthetic fibers, and resins. The demand for light aromatic naphtha is driven by its efficacy in yielding high-value petrochemical products, which are seeing increased consumption in various industries, thereby ensuring robust market growth.

Heavy aromatic naphtha, on the other hand, has higher boiling points and finds extensive applications as a solvent in industrial processes and in the formulation of paints, coatings, and adhesives. The high solubility and effective dissolution properties of heavy aromatic naphtha make it a preferred choice in these applications. The growing automotive and construction sectors, which are major consumers of paints and coatings, further bolster the demand for heavy aromatic naphtha. Additionally, the formulation of advanced coatings with enhanced durability and aesthetic properties continues to drive the market for heavy aromatic naphtha.

Another critical aspect is the pricing dynamics between light and heavy aromatic naphtha. The market price of these products is influenced by crude oil prices, r

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

India WPI: Fuel & Power: Mineral Oils: Naphtha data was reported at 113.000 2011-2012=100 in Oct 2018. This records an increase from the previous number of 104.000 2011-2012=100 for Sep 2018. India WPI: Fuel & Power: Mineral Oils: Naphtha data is updated monthly, averaging 85.700 2011-2012=100 from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 131.600 2011-2012=100 in Sep 2013 and a record low of 50.700 2011-2012=100 in Feb 2016. India WPI: Fuel & Power: Mineral Oils: Naphtha data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH006: Wholesale Price Index: 2011-12=100: Fuel and Power.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

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Ethylene Market Size 2025-2029

The ethylene market size is forecast to increase by USD 63.3 billion at a CAGR of 6.5% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing demand for polyethylene products across various industries, including packaging, construction, and automotive. This trend is expected to continue as ethylene-derived plastics offer advantages such as durability, lightweight, and cost-effectiveness. However, market dynamics are influenced by the emergence of bio-ethylene, a sustainable alternative to traditional ethylene derived from fossil fuels. This shift towards renewable sources presents both opportunities and challenges for market participants.
On the one hand, bio-ethylene offers a more sustainable production process and potential cost savings through government incentives and carbon credits. On the other hand, the production of bio-ethylene is currently more expensive than traditional ethylene, and scaling up production remains a significant challenge. Additionally, volatility in raw material prices, particularly for natural gas and crude oil, continues to impact the market's profitability and strategic planning. Companies seeking to capitalize on market opportunities and navigate challenges effectively must stay informed of these trends and be agile in their business strategies.

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

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The market encompasses the production, trade, and application of ethylene, a colorless, flammable organic compound. Ethylene is a key petrochemical derivative and the primary building block for various ethylene-based derivatives, including polyethylene (PE), ethylene oxide, ethylene glycol, high-density polyethylene (HDPE), and low-density polyethylene (LDPE). These materials are widely used in various industries, including construction, flexible packaging, and the production of bio-based products, lightweight plastics, and market derivatives. The market size is substantial, driven by the increasing demand for ethylene-based derivatives in consumer goods, food, beverages, medications, and various industrial applications. The market's growth is influenced by factors such as the availability of shale oil output, which has led to increased ethylene production capacity.
Additionally, the shift towards sustainable and eco-friendly alternatives, such as bio-polyethylene, is gaining momentum due to growing concerns about carbon footprint and the need for improved barrier qualities in packaging materials. Overall, the market is expected to continue its strong growth trajectory, driven by the diverse applications and demand for ethylene-based derivatives in various industries.

How is this Ethylene Industry segmented?

The ethylene 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.

Feedstock

  Naphtha
  Ethane
  LPG
  Others


Application

  LDPE
  HDPE
  Ethylene oxide
  Vinyls
  Others


Packaging

  Automotive
  Building & Construction
  Agrochemical
  Textile
  Chemicals
  Others


Geography

  APAC

    China
    India
    Japan


  North America

    US
    Canada


  Middle East and Africa

    UAE


  Europe

    France
    Germany
    UK


  South America

    Brazil


  Rest of World (ROW)

By Feedstock Insights

The naphtha segment is estimated to witness significant growth during the forecast period. Ethylene is a colorless, flammable organic compound used extensively as a raw material in the production of various plastics and petrochemical derivatives. The largest source of ethylene is naphtha, which accounted for over half of the global ethylene production in 2024. However, the naphtha segment is expected to lose market share due to its energy-intensive production process, which results in significant carbon emissions. One kilogram of ethylene production emits approximately 1.8-2 kilograms of carbon dioxide. Europe and APAC are the leading regions in naphtha-based ethylene production. Ethylene is a key ingredient in the production of polyethylene, ethylene glycol, high-density polyethylene (HDPE), low-density polyethylene (LDPE), vinyl acetate, and various ethylene-based derivatives.

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The naphtha segment was valued at USD 56.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, R

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

India WPI: Weights: Fuel & Power: Mineral Oils: Naptha data was reported at 0.791 % in Mar 2017. This stayed constant from the previous number of 0.791 % for Feb 2017. India WPI: Weights: Fuel & Power: Mineral Oils: Naptha data is updated monthly, averaging 0.791 % from Apr 2004 (Median) to Mar 2017, with 156 observations. The data reached an all-time high of 0.791 % in Mar 2017 and a record low of 0.791 % in Mar 2017. India WPI: Weights: Fuel & Power: Mineral Oils: Naptha data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH078: Wholesale Price Index: 2004-05=100: Weights: Fuel and Power.

India Wholesale Price Index: Weights: Fuel, Power, Light and Lubricants: Mineral Oils: Naptha data was reported at 0.342 % in Mar 2000. This stayed constant from the previous number of 0.342 % for Feb 2000. India Wholesale Price Index: Weights: Fuel, Power, Light and Lubricants: Mineral Oils: Naptha data is updated monthly, averaging 0.342 % from Apr 1982 (Median) to Mar 2000, with 216 observations. The data reached an all-time high of 0.342 % in Mar 2000 and a record low of 0.342 % in Mar 2000. India Wholesale Price Index: Weights: Fuel, Power, Light and Lubricants: Mineral Oils: Naptha data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Inflation – Table IN.II164: Wholesale Price Index: 1981-82=100: Weights: Fuel, Power, Light and Lubricants.

India Wholesale Price Index: 82p: Average: Fuel, Power, Light and Lubricants: Mineral Oils: Naptha data was reported at 525.300 1981-1982=100 in Mar 2000. This records an increase from the previous number of 472.300 1981-1982=100 for Feb 2000. India Wholesale Price Index: 82p: Average: Fuel, Power, Light and Lubricants: Mineral Oils: Naptha data is updated monthly, averaging 138.900 1981-1982=100 from Apr 1982 (Median) to Mar 2000, with 216 observations. The data reached an all-time high of 525.300 1981-1982=100 in Mar 2000 and a record low of 100.000 1981-1982=100 in Jan 1983. India Wholesale Price Index: 82p: Average: Fuel, Power, Light and Lubricants: Mineral Oils: Naptha data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Inflation – Table IN.IH129: Wholesale Price Index: 1981-82=100: Fuel, Power, Light and Lubricants. Rebased from 1981-82=100 to 1993-94=100. Replacement series ID: 19617001