Naphtha Market - [2028] Forecast, Growth, Trends
According to TechSci Research report, “ Naphtha Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Naphtha Market stood at USD249.95 billion in 2022 and is anticipated to grow with a CAGR of 4.68% in the forecast period, 2023-2028. The initiatives taken by government based on naphtha has led to favorable market conditions for the Global Naphtha Market. Several factors contribute to the growth of various naphtha market products. India, a significant player in the global naphtha market, recently increased its tax on naphtha imports from 1% to 2.5%. This strategic move aims to boost domestic sourcing of petrochemical feedstocks , which could potentially reshape international trade patterns and influence prices within the naphtha market. Also, the Global Naphtha Market has valued at USD 249.95 billion in 2022 and is anticipated to project robust growth in the forecast period wit...