Europe naphtha consumption market stood
at 147.14 million metric tons in 2016, and is projected to grow at a negative CAGR
of over 0.40%, in volume terms, to reach 141.36 million metric tons by 2026. The
reason behind the negative CAGR can be attributed to the closure of naphtha
based crackers as they have become uneconomical owing to price volatility
associated with naphtha and easy availability of cheaper alternative feedstock
i.e. natural gas. New cracker capacities are being added that use natural gas
as feedstock and are very price competitive in comparison to petrochemicals
derived from naphtha cracking. The
shale gas boom in the United States has altered economics of global
petrochemical business making them competitive to prices offered by Middle East
and Africa. Prominent European players in petrochemical business are adding gas
based cracker capacities with the US supplying ethane for feeding their
expanding capacities.
Years considered for this report:
- Historical Years: 2011-2015
- Base Year: 2016
- Estimated Year: 2017
- Forecast Period:
2017–2026
Objective of the Study:
- The primary objective of the study was to understand
and gain insights about the Europe Naphtha Demand Supply analysis & forecast.
- Market analysis by Country
- To forecast Light & Heavy naphtha consumption market
till 2026
- Naphtha consumption by End Use
- Naphtha Import-Export Scenario - By Country
- Competitive Landscape of naphtha producers, exporters
and traders operating in Europe
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TechSci Research carried out Europe
naphtha demand supply analysis study by considering various aspects of Europe naphtha
market. In the beginning of the Europe naphtha demand supply analysis, a brief
study was conducted to understand each aspect of market outlook such as
drivers, challenges, market trends and various other major factors affecting
the market. Moreover, an in-depth analysis was conducted to understand Europe naphtha
market scenario and to gauge the competitive scenario.
Afterwards, a
detailed scrutiny of naphtha consumption by type, by end use, and by country
markets for Europe naphtha supply demand analysis was
conducted. In order to extract data for Europe naphtha market, primary research surveys were
conducted with key opinion leaders, naphtha end users, traders, importers and
exporters to understand historical and present trends.