Naphtha fell to 554.84 USD/T on July 31, 2025, down 0.05% from the previous day. Over the past month, Naphtha's price has risen 2.82%, but it is still 15.46% 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 August of 2025.

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

Product	Category	Region	Price
Naphtha	Feedstock	USA	563 USD/MT
Naphtha	Feedstock	Japan	650 USD/MT
Naphtha	Feedstock	Netherlands	585 USD/MT
Naphtha	Feedstock	Saudi Arabia	610 USD/MT

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.

Why did the Naphtha Price Change in July 2025? The Naphtha Price Index (FOB Texas) recorded a quarterly decline of -3.2% in Q2 2025, closing July near USD 624/tonne, with diminished regional demand from steam crackers and limited gasoline blending activity.

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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

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 Naphtha Market Report is Segmented by Type (Light Naphtha and Heavy Naphtha), Source (Refinery-Based, Bio-Naphtha, and Others), End-User Industry (Petrochemicals, Agriculture, Paints and Coatings, Aerospace, and Other Industries), and Geography (Asia Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

The global Naphtha Market size is expected to reach USD 409.5 Billion in 2032 registering a CAGR of 3.8%. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities and more.

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.

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...

The global Naphtha market is valued at USD 0.61 billion in 2025 and is projected to grow at a CAGR of 3.60% between 2025 and 2033. The market is driven by the increasing demand for naphtha in the production of chemicals, energy, and fuel. Key trends in the market include the rising use of naphtha as a feedstock for steam cracking, the growing demand for petrochemicals in emerging economies, and the development of new technologies for naphtha refining. The market is segmented based on type, application, process, and region. By type, the market is divided into light naphtha and heavy naphtha. By application, the market is segmented into chemicals, energy and fuel, and others. By process, the market is divided into gasoline blending, naphtha reforming, steam cracking, and others. By region, the market is segmented into North America, South America, Europe, the Middle East & Africa, and Asia Pacific. The Asia-Pacific region is expected to hold the largest share of the market during the forecast period, followed by North America and Europe. Recent developments include: October 2022: For seven weeks, LG Chem will be putting its naphtha crackers in South Korea offline for maintenance. During repair, it will have an impact on the region's supply of petrochemicals., July 2019: To get naphtha from Russia to the Venezuelan company PDV LLC, ships were employed. Approximately 330,000 t of naphtha were shipped to satisfy the nation's requirement for gasoline.. Notable trends are: Growing Petrochemical Industry Demand Will Fuel Market Growth.

Naphtha market is forecast to reach USD 185.64 Billion by 2028 naphtha can be defined as a flammable liquid, which can be produced from distilling petroleum. in regards to its traits, it has a similar boiling range and carbon number to that of gasoline, as it is a precursor to gasoline.

Why did the Heavy Aromatic Naphtha solvent Price Change in July 2025? The Heavy Aromatic Naphtha Solvent Price Index in the U.S. declined significantly in Q2 2025, reflecting weaker demand and softening crude benchmarks.

The global naphtha market is valued at USD 263.84 billion in 2023 and is projected to grow at a CAGR of 3.8% during the forecast period.

The global naphtha market size was valued at USD 175.24 Billion in 2024. The market is further projected to grow at a CAGR of 4.20% between 2025 and 2034, reaching a value of USD 264.43 Billion by 2034.

[227+ Pages Report] The global Naphtha market size is expected to grow from USD 248.5 billion to USD 331.1 billion by 2028, at a CAGR of 4.90% from 2022-2028

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.

Light Naphtha Market Outlook

The global light naphtha market size reached approximately USD 185 billion in 2023 and is projected to expand to around USD 265 billion by 2032, registering a compound annual growth rate (CAGR) of 4.1% during the forecast period. The market is primarily driven by the rising demand for petrochemical derivatives, which are essential for numerous industrial applications, especially in the Asia Pacific region where rapid industrialization and urbanization are prevalent. The increasing demand for high-octane gasoline and the shift towards lighter feedstocks in refineries also contribute significantly to the market growth. Furthermore, advancements in catalytic conversion technologies have enhanced the efficiency of converting naphtha into high-value petrochemical products, further propelling market expansion.

The growth of the light naphtha market is largely influenced by the booming petrochemical industry. Petrochemical products derived from naphtha are utilized in a plethora of applications ranging from plastics to fertilizers, making naphtha an indispensable component of the chemical industry. The surge in global population and urbanization has led to an unprecedented demand for consumer goods and infrastructure, thereby boosting the demand for petrochemical products and, by extension, light naphtha. Additionally, as environmental regulations become more stringent, there is a growing preference for cleaner fuels and feedstocks, which light naphtha, with its low sulfur content, can provide. This shift towards environmentally friendly solutions is further bolstering the market for light naphtha.

In conjunction with petrochemical demand, the gasoline blending segment is also a major growth driver for the light naphtha market. Light naphtha is increasingly used as a blending component to enhance the octane rating of gasoline, thereby improving its performance and reducing emissions. This has become particularly important in regions with stringent vehicular emission standards. As the global transportation sector continues to expand, driven by rising incomes and urbanization, the demand for cleaner and more efficient fuels is expected to elevate, thus propelling the light naphtha market. Moreover, ongoing research and development in refining technologies are enabling more efficient and cost-effective blending processes, further supporting the growth of light naphtha in gasoline applications.

Regionally, the Asia Pacific is expected to dominate the light naphtha market, with countries like China and India spearheading demand due to their robust industrial activities and expanding transportation sectors. The region's substantial demand for petrochemical products, coupled with significant investments in refinery expansions and upgrades, is anticipated to sustain its leading position over the forecast period. North America and Europe are also significant contributors to the market, with advancements in shale gas production and stringent environmental policies driving the demand for light naphtha. Meanwhile, the Middle East & Africa region presents lucrative opportunities due to its abundant hydrocarbon resources and increasing petrochemical investment initiatives.

Solvent Naphtha plays a crucial role in various industrial applications due to its excellent solvent properties. It is widely used in the formulation of paints, coatings, and adhesives, providing the necessary solvency and viscosity required for high-performance products. The demand for Solvent Naphtha is particularly strong in the construction and automotive industries, where it is used to produce high-quality finishes and durable coatings. As industries continue to seek environmentally friendly solutions, Solvent Naphtha's low volatility and reduced environmental impact make it an attractive option. Furthermore, advancements in solvent technology are enhancing the efficiency and effectiveness of Solvent Naphtha, ensuring its continued relevance in industrial applications.

Product Type Analysis

The product type segment of the light naphtha market includes paraffinic naphtha, naphthenic naphtha, and aromatic naphtha. Paraffinic naphtha is primarily used as a feedstock in steam crackers for the production of ethylene, propylene, and other olefins, which are fundamental building blocks in a myriad of chemical products. The steady rise in demand for plastic products, which are derivatives of these olefins, has significantly boosted the paraffinic naphtha market. Additionally, advancements in cracki

The global petroleum naphtha market is experiencing robust growth, driven by increasing demand from the chemicals and energy sectors. The market, valued at approximately $100 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 4% between 2025 and 2033, reaching an estimated value exceeding $140 billion by 2033. This growth is primarily fueled by the expanding petrochemical industry, which utilizes naphtha as a crucial feedstock for producing ethylene, propylene, and other essential petrochemicals used in the manufacturing of plastics, synthetic fibers, and various other consumer goods. The energy sector also contributes significantly to naphtha demand, as it serves as a blending component for gasoline and other fuels. Light naphtha is currently the dominant segment, owing to its higher demand in gasoline blending, while heavy naphtha finds greater application in the petrochemical sector. Geographic growth varies, with Asia-Pacific (particularly China and India) experiencing significant expansion due to rapid industrialization and expanding downstream industries. North America and the Middle East also hold substantial market shares, reflecting their strong refining capacity and established petrochemical sectors. However, environmental regulations regarding emissions and the growing adoption of renewable energy sources pose challenges to market expansion. Competition among major players like Shell, Total, Sinopec, and BP is intense, with companies focusing on strategic partnerships, capacity expansions, and technological advancements to maintain market share and profitability. The market segmentation reveals a strong correlation between naphtha type and its application. Heavy naphtha, due to its higher aromatic content, primarily serves the petrochemical industry, while light naphtha's lower boiling point makes it ideal for gasoline blending. Regional variations in demand are largely driven by economic growth, industrial activity, and government policies. Developing economies in Asia-Pacific demonstrate the highest growth rates, while mature markets in North America and Europe exhibit a more moderate, albeit steady, expansion. The ongoing transition towards a low-carbon economy, however, necessitates proactive adaptation by industry players, involving investments in cleaner technologies and diversification into alternative feedstocks to maintain long-term sustainability and competitiveness. Future market dynamics will likely hinge on factors such as global economic growth, crude oil price fluctuations, and the ongoing evolution of environmental regulations.

The global renewable naphtha market is projected to expand from USD 0.72 billion in 2025 to USD 1.77 billion by 2035, with a CAGR of 9.3% expected to be registered during the forecast period.

Metric	Value
Industry Size (2025E)	USD 0.72 billion
Industry Value (2035F)	USD 1.77 billion
CAGR (2025 to 2035)	9.3%

Country -Wise Analysis

Country	CAGR (2025 to 2035)
United States	8.5%

Country	CAGR (2025 to 2035)
United Kingdom	8.8%

Region	CAGR (2025 to 2035)
European Union	9.3%

Country	CAGR (2025 to 2035)
Japan	9.1%

Country	CAGR (2025 to 2035)
South Korea	9.0%

Competition Outlook

Company Name	Estimated Market Share (%)
Neste Oyj	20-25%
Honeywell UOP	15-20%
Shell Plc	10-15%
Eni SpA	8-12%
UPM Biofuels	5-10%
TotalEnergies SE	3-7%
Other Companies	35-45%