Naphtha Market Latest Industry Trends And Opportunities Till 2022 : Grand View Research Inc. by anna25 · December 23 https://www.sneakerswholesalechina.com/ , 2019
San Francisco, 23 December 2019:聽The Report聽Naphtha Market聽Analysis By Application (Chemical, Energy & Fuel) And Segment Forecasts To 2022
Global聽Naphtha Market size was 270.7 million tons in 2014 and is anticipated to grow at a CAGR of 3.4% from 2015 to 2022. Increasing global demand for transportation fuel is expected to drive growth. Demand is also being driven by its robust use for hydrocarbon cracking process in the petrochemical industry.
Naphtha is an essential part of hydrocarbon cracking process, which is conducted under extreme pressure and heat authentic sneaker wholesale , as it exhibits superior heat resistant properties. Various environmental regulations and region dependent pricing also make the choice for usage of naphtha materials in the production global demand is estimated to be worth USD 183.38 billion by 2022.
Chemical feedstock was the largest application of naphtha accounting for 65% of the total market share in 2014 and is anticipated to grow at a CAGR of 7.7% over the forecast period. Chemical feedstock is used for steam cracking process which produces gasoline. Growing demand for gasoline is expected to subsequently bolster demand. Lighter grades of the product are used for petrochemical steaming process, which produces rubber, olefins, polymers and aromatics.
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The global market is also being driven by increasing demand of plastics in electronics wholesale sneakers china , packaging and construction industries in future. Energy & fuel contributed to over 25% of the total market revenue in 2014. Rising energy & fuel consumption, particularly in Asia Pacific on account of rapid industrialization as well as expansion of cities, is anticipated to fuel growth. Increasing demand for automobiles is also anticipated to play a vital role in augmenting demand for fuel, which in turn is expected to have a positive impact on the market over the forecast period.
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Asia Pacific naphtha demand was 121.7 million tons in 2014 and is likely to witness significant gains over the forecast period. Over the past few years cheap nike sneakers china , the region has emerged as the largest exporting hub of petroleum products and the trend is expected to continue over the forecast period. Development of the transport and electrical sectors in the region on account of increasing trade activities coupled with adoption of technological advancement by consumers is expected to drive demand.
The North American market has attained maturity and is expected to witness stagnant growth at a CAGR of 3.0%, in terms of volume, over the projected period. The Middle East market is characterized by consolidation of refineries, which is expected to result in local companies expanding their presence in the global market.
CNPC cheap nike sneakers , British Petroleum, Shell, Chevron and ExxonMobil together accounted for more than 50% of the global industry in e companies have a strong hold in the market on account of their efficient worldwide-distribution networks. Companies including Reliance Industries and Mitsubishi Chemical are integrated in their operations for crude oil and natural gas production which has resulted in increasing their overall economic profitability.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company cheap sneakers online , registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries cheap sneakers for womens , from technology to chemicals, materials and healthcare.
For More Information:聽 Equine Healthcare Market to Register a 4.2% CAGR Within the Forecast Period of 2017 to 2025
by Metcarl · October 9, 2018
The global equine healthcare market is rising due to horse racing trend, global development programs for animal health cheap sneakers for mens , and increasing incidence of equine infections. Presence of various companies in the manufacturing of variety products in the market will boost the consumption of the equine healthcare products. The competition among the companies have led the companies to expand geographically thus, boosting the market. These market strategies will likely promote growth opportunities during the forecast period.
The trend of horse racing in various countries across the globe even after several government regulations is fueling the market. Large number of horse owners showing interest in attending equine racings, shows, and events are increasing the demand for expensive quality breed of horses that provide high returns by exporting them to locations such as China can highly fuel the market.
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Although the market is expected to face certain restrains due to decreasing number of equine species worldwide cheap sneakers from china , the rise in demand for insurance of pet will potentially open new scope for global equine healthcare market in the coming years.
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