Naphtha Market is Projected to Grow at a CAGR of 3.87% by 2030 – ChemAnalyst

Naphtha Market is Projected to Grow at a CAGR of 3.87% by 2030 – ChemAnalyst

(MENAFN- ChemAnalysts) According to ChemAnalyst report, "Naphtha Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030", Naphtha market has shown significant growth as it reached 422 million tonnes in 2020 and is expected to achieve a healthy global CAGR of 3. 87% in the forecast period until 2030. With the growing demand of Naphtha from the Petrochemical and other major end-user industries for the production of aromatics and olefins, including benzene, ethylene, butadiene, propylene, toluene, and others is anticipated to boost the global Naphtha market over the next ten years. The industrial production of Naphtha is linked with the safety concerns on eco-system before it can be further manufactured and introduced in the market around the world. Read Full Report Here @ chemanalyst. com/industry-report/naphtha-market-637 Naphtha is basically a mixture of hydrocarbons that consists around 5 and 10 carbon molecules. It is a colorless, volatile, insoluble, and flammable liquid which is incompatible with strong oxidizing agents such as nitric acid. Naphtha is synthesized from natural gas condensates, petroleum distillates, and the distillation of coal tar and peat. Crude oil is one of the major sources of