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 – 2026” has 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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