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.

Why did the Naphthalene Price Change in July 2025? The Naphthalene Price Index in the U.S. recorded a quarter-on-quarter increase of 1.3% in Q2 2025, with the product assessed at USD 1830/MT CFR Houston by end of June.

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

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.

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.

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).

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

The Naphthalene Market report segments the industry into Source (Coal Tar, Petroleum), Application (Phthalic Anhydride, Naphthalene Sulfonates, Low-Volatility Solvents, Moth Repellent, Pesticides, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). Get five years of historical data alongside five-year market forecasts.

Check out Market Research Intellect's Crude Naphthalene Market Report, valued at USD 1.2 billion in 2024, with a projected growth to USD 1.8 billion by 2033 at a CAGR of 5.3% (2026-2033).

Crude Naphthalene Market Outlook

The global crude naphthalene market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach a market value of about USD 1.6 billion by 2032, registering a compound annual growth rate (CAGR) of 3.2% during the forecast period. The growth of the crude naphthalene market is primarily driven by its widespread applications in various end-user industries such as construction, agriculture, textile, and pharmaceuticals, as well as the rising demand for phthalic anhydride and naphthalene sulfonates.

One of the key growth factors for the crude naphthalene market is the booming construction industry. The need for high-performance materials in construction projects has led to increased demand for phthalic anhydride, which is a crucial derivative of crude naphthalene. Phthalic anhydride is widely used in the production of plasticizers, unsaturated polyester resins, and alkyd resins, which are essential materials for modern construction applications. Additionally, the global trend toward urbanization and infrastructure development further fuels the demand for these materials, thereby boosting the market for crude naphthalene.

Another significant factor contributing to market growth is the expanding agricultural sector. Crude naphthalene is used in the formulation of naphthalene sulfonates, which serve as wetting agents, dispersants, and emulsifiers in various agricultural applications. These compounds enhance the efficiency and effectiveness of pesticides, herbicides, and fertilizers, leading to better crop yields and overall agricultural productivity. Innovations in agrochemicals and the need for sustainable agricultural practices are likely to drive the demand for crude naphthalene-derived products in the coming years.

The textile industry also plays a crucial role in the growth of the crude naphthalene market. Naphthalene sulfonates are used in textile processing as dye dispersants and leveling agents. The rising demand for high-quality textiles, coupled with the growth of the fashion industry, stimulates the need for efficient dyeing and finishing processes. This, in turn, propels the demand for crude naphthalene-based products. Furthermore, the increasing global population and rising disposable incomes are expected to sustain the growth of the textile industry, thereby driving the market for crude naphthalene.

Regionally, the Asia Pacific region holds a dominant position in the crude naphthalene market. The robust growth of end-user industries such as construction, agriculture, and textiles in countries like China, India, and Japan significantly contributes to the regional market expansion. Moreover, the presence of a large number of manufacturers and favorable government policies supporting industrial growth further bolster the market in this region. North America and Europe also account for substantial market shares, driven by technological advancements and the established industrial base. The Middle East & Africa and Latin America are emerging markets, with promising growth prospects due to increasing investments in infrastructure and industrial development.

Source Analysis

The crude naphthalene market is segmented by source into coal tar and petroleum. Coal tar has traditionally been the primary source of crude naphthalene, accounting for a significant share of the market. The extraction of naphthalene from coal tar, a byproduct of coal carbonization, is a well-established process with extensive applications. The availability of coal tar as a feedstock, combined with its relatively low cost, makes it a preferred source for crude naphthalene production. Furthermore, the ongoing advancements in coal tar processing technologies enhance the efficiency and yield of naphthalene extraction, further driving the market.

Petroleum, as a source of crude naphthalene, is gaining traction due to its cleaner extraction process and lower environmental impact. The production of naphthalene from petroleum involves catalytic cracking and reforming processes, resulting in high-purity naphthalene. This source is particularly advantageous in regions with abundant petroleum resources. The shift towards sustainable and environmentally friendly production methods is encouraging manufacturers to explore and invest in petroleum-based naphthalene production. Although petroleum currently holds a smaller share compared to coal tar, its market share is expected to grow steadily during the forecast period.

The competition between coal tar and petroleum as sources of crude naphthalene is influence

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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

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.

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 Naphthalene Market size is expected to reach a valuation of USD 2.2 billion in 2033 growing at a CAGR of 3.50% . The Naphthalene Market research report classifies market by share, trend, demand, forecast and based on segmentation.

Global Naphthalene Market was valued at USD 1856.00 Million in 2024 and is expected to reach USD 2408.00 Million by 2030 with a CAGR of 3.23%.

The global Naphthalene Market, estimated at USD 5,101.87 billion, is projected to grow at a steady pace with a CAGR of 3.0%. The market growth is primarily driven by the increasing demand for naphthalene in various industries, including construction, automotive, and pharmaceuticals. Naphthalene is widely used in the production of phthalic anhydride, which is further processed to manufacture plastics, dyes, and pharmaceuticals. Recent developments include: In November 2022, Sulzer Chemtech Ltd. will provide process engineering and necessary equipment to Dong-Suh Company in Indonesia to facilitate the growth of the naphthalene downstream industry. With the installation of a state-of-the-art separation unit at the Dong-Suh plant in Serang, Indonesia, it will become easier to produce highly pure naphthalene , In September 2022, Epsilon Carbon announced plans to invest around USD 67 million in Karnataka to increase its carbon black production capacity from 115,000 to 215,000 tons annually. The carbon black feedstock used by Epsilon Carbon contains naphthalene, which can be used to produce phthalic anhydrides, pesticides, and concrete plasticizers .

Refined Naphthalene Market Outlook

The global refined naphthalene market size was valued at approximately USD 800 million in 2023 and is expected to reach around USD 1.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. This robust growth is driven by the increasing demand for refined naphthalene across various industrial applications such as plastics, paints, and coatings, and a surging need for high-performance chemicals in the construction and automotive sectors.

One of the primary growth factors for the refined naphthalene market is its extensive use in the production of plasticizers. Naphthalene-based plasticizers are crucial in enhancing the flexibility and durability of plastics, which are widely used in construction, automotive, and consumer goods industries. The growing construction activities globally, especially in developing regions, are further boosting the demand for materials that offer high performance and longevity, thereby driving the market for refined naphthalene.

Another significant factor propelling market growth is the increasing application of refined naphthalene in the paints and coatings industry. Naphthalene derivatives are essential components in the formulation of high-quality paints and coatings, which ensure better surface protection and aesthetic appeal. As the construction and automotive sectors continue to expand, there is a parallel rise in the demand for superior paints and coatings, thus bolstering the refined naphthalene market.

Moreover, the agrochemical industryÂ’s steady growth presents substantial opportunities for the refined naphthalene market. Naphthalene is utilized in the production of various agrochemicals, including insecticides and pesticides. With the global population continuously increasing and the subsequent need for higher agricultural productivity, the demand for efficient agrochemicals is on the rise. This trend is expected to significantly contribute to the market's growth over the forecast period.

Naphthalene Derivatives play a pivotal role in the refined naphthalene market due to their diverse applications across various industries. These derivatives are crucial in the formulation of high-performance paints and coatings, which are essential for providing enhanced surface protection and aesthetic appeal. As industries such as construction and automotive continue to demand superior quality materials, the importance of naphthalene derivatives is further underscored. Their ability to improve the durability and effectiveness of coatings makes them indispensable in meeting the rising standards of modern industrial applications.

Regionally, Asia Pacific is projected to be the leading market for refined naphthalene, owing to rapid industrialization and urbanization in countries such as China and India. The region's burgeoning automotive and construction industries are particularly influential in driving the demand for refined naphthalene. Additionally, favorable government policies and investments in infrastructure development are expected to further accentuate market growth in this region.

Product Type Analysis

The refined naphthalene market can be segmented into liquid naphthalene and solid naphthalene based on product type. Liquid naphthalene is predominantly used in the production of chemical intermediates and in the formulation of various industrial products. Its ease of use and handling makes it a preferred choice in numerous applications, including the synthesis of phthalic anhydride, which is a key ingredient in plasticizers and resins. The demand for liquid naphthalene is observed to be increasing steadily due to its versatility and effectiveness in industrial processes.

Solid naphthalene, on the other hand, finds extensive application in industries such as agrochemicals, textiles, and pharmaceuticals. Solid naphthalene is particularly important in the manufacture of mothballs and other pest control products. Its ability to sublimate directly from solid to gas makes it highly effective in these applications. The textile industry also utilizes solid naphthalene for dyeing and fabric protection purposes. With the continued growth of these end-user industries, the solid naphthalene segment is anticipated to witness significant de

Uncover Market Research Intellect's latest Naphthalene Market Report, valued at USD 4.5 billion in 2024, expected to rise to USD 6.8 billion by 2033 at a CAGR of 5.3% from 2026 to 2033.

Naphthalene Market Outlook

According to our latest research, the global naphthalene market size in 2024 stands at USD 1.68 billion, reflecting a robust demand across various end-use industries. The market is projected to grow at a CAGR of 3.8% during the forecast period, reaching an estimated USD 2.32 billion by 2033. This growth is primarily driven by expanding applications in construction, chemicals, and pharmaceuticals, alongside technological advancements in naphthalene processing and increasing demand for downstream products. As per our latest research, the naphthalene market is poised for steady expansion, underpinned by rising infrastructural investments and evolving industrial requirements worldwide.

One of the principal growth factors for the naphthalene market is the surge in construction activities across emerging economies. Naphthalene derivatives, particularly naphthalene sulfonates, are widely used as superplasticizers in concrete admixtures, enhancing the workability and strength of concrete. The ongoing urbanization in Asia Pacific and the Middle East, coupled with significant government spending on infrastructure, is fueling demand for high-performance construction materials. This, in turn, is amplifying the consumption of naphthalene-based products in the construction sector. Furthermore, the global push for sustainable and long-lasting infrastructure is prompting the adoption of advanced admixtures, where naphthalene remains a key raw material.

Another critical growth driver for the naphthalene market is its essential role in the chemical and pharmaceutical industries. Naphthalene serves as a precursor for a wide array of chemical intermediates, including phthalic anhydride and various dyes, surfactants, and agrochemicals. The pharmaceutical sector’s expansion, fueled by increased healthcare spending and innovation in drug formulation, is further boosting the demand for high-purity naphthalene. Additionally, the agrochemical industry leverages naphthalene derivatives in the synthesis of pesticides and plant growth regulators, supporting agricultural productivity and food security. The versatility and chemical stability of naphthalene make it indispensable across these rapidly evolving sectors.

Technological advancements and innovations in extraction and purification processes are also propelling the naphthalene market forward. Recent developments in coal-tar and petroleum-based naphthalene production have improved yield efficiency and product purity, reducing operational costs and environmental impact. These advancements are enabling manufacturers to cater to stringent regulatory standards, especially in pharmaceuticals and food-contact applications. Moreover, the integration of circular economy principles and recycling initiatives in the chemical industry is fostering sustainable sourcing and utilization of naphthalene, further enhancing its market prospects. The evolving regulatory landscape, focusing on environmental safety and product quality, is encouraging investments in cleaner production technologies and alternative feedstocks.

From a regional perspective, Asia Pacific dominates the global naphthalene market, accounting for the largest share in both production and consumption. The rapid industrialization in China, India, and Southeast Asia, combined with the presence of major end-use industries, is driving regional growth. North America and Europe also represent significant markets, characterized by advanced chemical manufacturing capabilities and stringent quality standards. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual market expansion, supported by infrastructural development and increasing investment in downstream chemical industries. Regional dynamics are shaped by local feedstock availability, regulatory frameworks, and evolving end-user demands, influencing the competitive landscape and market growth trajectories.

Form Analysis

The naphthalene market is segmented by form into powder, liquid, and crys

High Purity Naphthalene Market Outlook

The global high purity naphthalene market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach USD 2.3 billion by 2032, growing at a CAGR of 7.2% from 2024 to 2032. The growth of this market is driven by increased demand across various industries, particularly in pharmaceuticals and agrochemicals, due to its versatile chemical properties and applications.

One of the significant growth factors is the rising demand for high purity naphthalene in the pharmaceuticals industry. Its usage in the production of critical intermediates for active pharmaceutical ingredients (APIs) has surged. This is largely due to its high stability and purity, which are crucial for pharmaceutical formulations. With the global pharmaceutical sector steadily expanding, particularly in emerging economies, the demand for high purity naphthalene is set to increase. Furthermore, advancements in chemical synthesis and production technologies have enhanced the efficiency and cost-effectiveness of high purity naphthalene production, further driving market growth.

Another key driver is the burgeoning agrochemicals industry. High purity naphthalene is utilized in the synthesis of various pesticides and insecticides, essential for modern agriculture. The increasing global population and the consequent need for higher agricultural productivity have put agrochemicals in high demand. This trend is expected to continue, bolstering the high purity naphthalene market. The versatility of naphthalene derivatives in combating a wide range of pests and diseases makes it indispensable in crop protection strategies, particularly as regulatory frameworks become more stringent regarding the purity and environmental impact of agrochemicals.

Additionally, the dyes and pigments sector significantly contributes to the market's growth. High purity naphthalene is a key raw material in the production of various dyes and pigments essential for textiles, plastics, and other industries. The increasing demand for high-quality, vibrant colors in textiles and consumer goods is driving the need for pure and stable chemical precursors. This demand is further amplified by the textile industry's growth in regions like Asia Pacific, where countries like China and India are major producers and exporters of textiles.

From a regional perspective, Asia Pacific dominates the high purity naphthalene market, accounting for the largest share. This dominance is attributed to the region's robust industrial base, particularly in chemicals, pharmaceuticals, and textiles. Countries like China, India, and Japan are major consumers and producers of high purity naphthalene, driven by their expanding industrial activities and significant investments in manufacturing capacities. The growth in these countries is further supported by favorable government policies and initiatives aimed at boosting industrial output.

Product Type Analysis

High purity naphthalene is classified into two primary product types: refined naphthalene and crude naphthalene. Refined naphthalene holds a significant market share due to its extensive application in high-end products where purity is paramount. The refining process involves purification techniques that enhance the naphthalene’s quality, making it suitable for sensitive applications such as pharmaceuticals and agrochemicals. The demand for refined naphthalene is expected to grow, driven by stringent regulatory standards that require high-purity materials to ensure product safety and efficacy.

Crude naphthalene, on the other hand, is typically used in applications where ultra-high purity is not as critical. Its primary usage lies in the production of bulk chemicals and certain types of dyes and pigments. The market for crude naphthalene is sustained by its relatively lower cost compared to refined naphthalene, making it a cost-effective option for large-scale industrial applications. However, as industries increasingly shift towards higher standards of purity, the growth rate of crude naphthalene may not match that of its refined counterpart.

The technological advancements in refining processes have also played a critical role in the market dynamics of high purity naphthalene. Innovations in purification technology have not only improved yield and quality but have also reduced production costs. This has made high purity naphthalene more accessible to a broader range of applications, further diversifying its market.

Moreover, the development of sustainab