Press Release

Asia-Pacific Naphtha Consumption to Cross 464 Million Metric Ton by 2026

Surging gasoline consumption across the region coupled with rising demand for naphtha based petrochemicals in countries to fuel Asia-Pacific naphtha consumption through 2026

According to TechSci Research report Asia-Pacific Naphtha Demand Supply Analysis, By End Use, By Region, Forecast & Opportunities, 2011 – 2026, Asia-Pacific naphtha consumption is projected to cross 464 million metric tons by 2026. Asia-Pacific is expected to emerge as the largest consumer for naphtha across the globe. Major demand for naphtha in the region emanates from Japan, South Korea, China, India and Singapore, which accounted for a volume share of more than 70% in Asia-Pacific naphtha consumption in 2016. Japan and South Korea heavily rely on naphtha imports to run their petrochemical industry while China and India have domestic naphtha production to fuel their petrochemical industry.

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Asia-Pacific dominated global naphtha consumption and the region is forecast to continue to be the largest consumer of naphtha across the globe through 2026. Developing countries such as China, India and Indonesia along with developed countries such as Japan and South Korea are heavily dependent on imported naphtha for use as feedstock in the petrochemical industry. Further, to growing automobile market and rising demand for gasoline in developing countries is also expected to drive the Asia-Pacific naphtha demand.

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“Apart from increasing gasoline demand from countries within the region, rising demand for naphtha can also be attributed to surging demand for naphtha based petrochemicals such as aromatic petrochemical products (benzene, toluene and xylene). These aromatic products form building blocks for many products that are used in day to day life. This is anticipated to boost naphtha consumption across the region in the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia-Pacific Naphtha Demand Supply Analysis, By End Use, By Region, Forecast & Opportunities, 2011 – 2026has evaluated the Asia-Pacific naphtha market and provides the statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends for Asia-Pacific naphtha market.


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Asia-Pacific Naphtha Demand Supply Analysis, By End Use (Gasoline Blending, Reforming, Steam Cracking and Others), Forecast & Opportunities, 2011 – 2026

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Surging gasoline consumption across the region coupled with rising demand for naphtha based petrochemicals in countries to fuel Asia-Pacific naphtha consumption through 2026.

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