Press Release

Europe Naphtha Consumption to Cross 141.36 Million Metric Ton by 2026

Surging gasoline consumption across the region, shift to export based business model due to closure of oil naphtha based petrochemical plants set to drive Europe naphtha market through 2026

According to TechSci Research report Europe Naphtha Demand Supply Analysis, By End Use, By Region, Forecast & Opportunities, 2011 – 2026, Europe naphtha consumption is projected to cross 141.36 million metric tons by 2026. Europe is the third largest naphtha consumer across the globe. Demand for naphtha in region is projected to showcase a negative CAGR, in volume terms, during 2017-2026, due to closure of many oil naphtha based petrochemical plants, as they are no more price competitive in comparison to natural gas based petrochemicals plants. The plunge in naphtha prices since mid-2014 offered respite to naphtha based petrochemical plant owners by improving their margins. However, plant owners still find it difficult to compete with cheap chemicals being produced by gas based petrochemical plants.

Browse 29 market data Tables and 54 Figures spread through 81 Pages and an in-depth TOC on  "Europe Naphtha Demand Supply Analysis"

https://www.techsciresearch.com/report/europe-naphtha-demand-supply-analysis-by-end-use-gasoline-blending-reforming-steam-cracking-and-others-forecast-opportunities/984.html

In terms of type, Heavy naphtha dominated the Europe market and the trend is expected to continue over the forecast period. Gasoline Blending and Reforming were the major demand generators for Europe naphtha consumption market and will remain the leading demand generators through 2026. Europe is projected to experience surplus naphtha supply of 9.40 MMT in 2016 and this is projected to reach 13.82 MMT by 2026, due to closure of naphtha based petrochemical plants in Germany, France and United Kingdom, because of non-competitive prices.

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Prominent European players in petrochemical business are adding gas based cracker capacities with the US supplying ethane for feeding their expanding capacities. The plunge in naphtha prices since mid-2014 offered respite to naphtha based petrochemical plant owners by improving their margins. However, plant owners still find it difficult to compete with cheap chemicals being produced by gas based petrochemical plants”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Europe Naphtha Demand Supply Analysis, By End Use, By Region, Forecast & Opportunities, 2011 – 2026has evaluated the Europe 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 Europe naphtha market.

 

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Relevant Reports

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

Oil and Gas | May, 2017

Surging gasoline consumption across the region, shift to export based business model due to closure of oil naphtha based petrochemical plants set to drive Europe naphtha market through 2026.

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