PUBLISHER: Value Market Research | PRODUCT CODE: 1264191
PUBLISHER: Value Market Research | PRODUCT CODE: 1264191
Renewable naphtha is an intermediate product that can be converted to gasoline, polymers, or hydrogen fuel, and it's already a byproduct of refineries converting renewable feedstock to diesel. Due to low pricing and poor demand, renewable naphtha production has dropped in the past. Because of its paraffinic molecules and lack of contaminants and oxygen, renewable naphtha may be used for various purposes, including as a feed for steam crackers in the plastics sector. Renewable naphtha can also be turned into aromatics, making plastic. Compared to conventional fossil fuels, renewable naphtha mixed fuel is an excellent substitute for fossil fuels and emits fewer hazardous emissions. Renewable naphtha has a low carbon intensity, and blending it with gasoline reduces greenhouse gas emissions from the usage of fuels even more.
Renewable naphtha sales are expected to rise, owing to the rising demand for an environmentally acceptable alternative to manufactured plastic. Over the projection period, changing consumer preferences for bio-based products, and favorable government policies encouraging the use of biodegradable packaging materials will continue to drive demand for renewable naphtha. Aside from that, increased fuel blending techniques to meet changing fuel composition standards are driving up renewable naphtha usage. The rapid development of the world's population will necessitate more automobiles, plastic items, and packaging films, which will increase demand for renewable naphtha. Renewable naphtha consumption in bioplastics and hydrogen is predicted to drive market expansion. Over the projection period, rising demand for plastic-based products such as home decor materials and customized pieces will continue to drive sales of renewable naphtha.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of renewable naphtha. The growth and trends of renewable naphtha industry provide a holistic approach to this study.
This section of the renewable naphtha market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Renewable Naphtha market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the renewable naphtha market include Sunshine Biofuels, Honeywell UOP, UPM Biofuels, Renewable Energy Group, Inc., and Neste Oyj. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies