Naphtha fell to 566.95 USD/T on June 23, 2025, down 1.72% from the previous day. Over the past month, Naphtha's price has risen 3.94%, but it is still 14.36% 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 June of 2025.

In 2023, the global price of naphtha stood at approximately 655 U.S. dollars per metric ton. This represents a slight decrease from the average global price per in the previous year of 789 U.S. dollars per metric ton.

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.

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

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

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

Naphtha Prices December 2023

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

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Naphtha Market Size 2025-2029

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

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

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

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

How is this Naphtha Industry segmented?

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

Type

  Heavy naphtha
  Light naphtha


Application

  Chemicals
  Energy/fuel
  Others


Process

  Refining
  Steam Cracking


End-use Industry

  Chemical
  Energy
  Transportation


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

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

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

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

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

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

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

Market Dynamics of Light Naphtha Market

Key Drivers for Light Naphtha Market

Growing Demand for Petrochemical Industry to Boost Market Growth

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

Increasing Demand for Automotive Industry to Drive Market Growth

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

Restraint Factor for the Light Naphtha Market

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

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

Impact of Covid-19 on the Light Naphtha Market

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

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.

Have timely access to reliable Naphtha price assessments in Thailand:

• Naphtha (heavy), import spot price, cif, Thailand

Each assessment includes Naphtha price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Naphtha price assessments for Thailand and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

The global naphtha market size reached USD 175.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 226.7 Billion by 2033, exhibiting a growth rate (CAGR) of 2.65% during 2025-2033. The escalating demand for high-octane fuel using olefin-rich materials, the growing demand for budget-friendly fuel, and continual technological innovations and research and development (R&D) activities are some of the factors propelling the market.

In Q4 2024, the North American naphtha market experienced a quarter-on-quarter decline of 5.9%, driven by weakened demand across key downstream sectors and fluctuating supply dynamics. The petrochemical sector saw reduced demand for naphtha as feedstock due to planned maintenance at ethylene crackers and lower production rates. Fuel applications also declined, with light distillate demand softening as gasoline inventories rose and distillate fuel production fluctuated.

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.

France Petroleum and Refiner Price: Spot Price: Naphtha data was reported at 677.600 USD/Ton in Oct 2018. This records an increase from the previous number of 674.000 USD/Ton for Sep 2018. France Petroleum and Refiner Price: Spot Price: Naphtha data is updated monthly, averaging 330.400 USD/Ton from Jan 1990 (Median) to Oct 2018, with 346 observations. The data reached an all-time high of 1,085.700 USD/Ton in Jul 2008 and a record low of 95.200 USD/Ton in Feb 1999. France Petroleum and Refiner Price: Spot Price: Naphtha data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.P006: Petroleum and Refiner Price.

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

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

Access monthly energy price assessments for Germany, featuring Naphtha and other key energy commodities. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Coverage for Mexico and over 30 other countries is included in Intratec Energy Prices & Markets. Free preview available.

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 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.