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市场调查报告书
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石脑油市场 - 增长、趋势、COVID-19 的影响、预测 (2023-2028)

Naphtha Market - Growth, Trends, and Forecasts (2023 - 2028)

出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3个工作天内

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简介目录

在预测期内,全球石脑油市场的复合年增长率预计将超过 4%。

COVID-19 大流行将严重影响全球石脑油市场。 大流行对建筑业的增长产生了巨大影响。 为应对大流行而实施的封锁措施扰乱了建筑材料的供应链。 这也造成了劳动力的严重短缺。 几个主要建设项目长时间停工,减少了对油漆和涂料及其添加剂的需求,阻碍了石脑油市场的增长。 同样,航空航天业也受到了 COVID-19 大流行的巨大影响。 然而,大流行后经济的开放和政府对工业的支持增加了对石脑油的需求,显示出市场增长復苏的迹象。

主要亮点

  • 从中期来看,石脑油作为石化行业原料的需求不断增加,预计将推动石脑油市场的增长。 预计印度化肥需求的增长也将提振石脑油的需求。
  • 这个市场的驱动因素是印度对化肥的需求不断增加。 此外,中国、印度和日本等国家的快速工业化和城市化正在推动交通部门的增长,刺激了对汽油的需求并增加了石脑油市场的需求。
  • 美国对天然气液体的需求预计会阻碍石脑油市场的增长。
  • 中国、印度和日本等新兴国家对石脑油的需求不断增加,预计亚太地区将主导全球市场。

石脑油市场趋势

石化行业需求增加

  • 石脑油作为轻石脑油和重石脑油用于各种行业。 在石化工业中,石脑油主要用作原料。 大约 50% 的石脑油用于石化工业。
  • 石化行业使用石脑油生产芳烃和烯烃,例如苯、丁二烯、乙烯、甲苯和丙烯。 随着行业的持续增长,我们正在积极努力保持石脑油市场的开放。
  • 富含烯烃的石脑油主要用作经济高效的高辛烷值柴油加工的原料。 在快速城市化和全球人口对具有成本效益的燃料的需求增加的推动下,新兴国家和发达国家的石脑油消费量均有所增加。
  • 在印度、中国和东盟等新兴经济体中,石脑油的消费量和产量都在增加。 例如,马来西亚的石化工业最近随着大量外国直接投资的涌入而蓬勃发展。 马来西亚国有石油和天然气公司 Petronas 宣布与沙特阿美公司成立两家合资企业,在柔佛州开展价值 70 亿美元的炼油和石化综合开发 (RAPID) 项目。 通过上述合作,已建成日加工原油30万桶的炼油厂和6座年产总产量超过350万吨的石化厂。
  • 根据美国能源信息署发布的数据,全球精炼石油产品的消费量在大流行之后显着增加。
  • 预计英国将引领欧洲地区石油和天然气行业的未来项目,占计划到 2025 年启动的管道项目的 25%。 可预见的未来,全国规划的油气产业项目有111个,其中上游83个,中游23个,炼油3个,石化2个。
  • 截至 2022 年 9 月,石化公司 Ineos 在丹麦开发了一个油气田,这是该国长期以来的首次批准。 INEOS 将与 Danoill 和 Nordsfonden 共同开发北海的 Solsort West 油田,预计将于 2023 年第四季度首次生产石油和天然气。
  • 因此,上述因素预计将增加终端用户行业各种应用对石脑油的需求。 因此,预计这将在预测期内推动石脑油需求。

亚太地区主导市场

  • 全球市场份额由亚太地区主导。 石化、化肥、油漆和涂料等各种终端消费行业的增长不断增加了中国、印度和日本等国家对石脑油的需求。
  • 日本航空航天工业为商用和国防飞机製造飞机零件。 由于货运需求增加,商用飞机产量在过去几年有所增加。
  • 韩国国防装备局计划投资 21 亿美元开发轻型飞机,计划于 2033 年服役。 现代重工参与了这一製造过程,每年的维护费用为 2.1 亿美元。
  • 澳大利亚的航空航天业是澳大利亚最重要的产业之一,贡献了该国约 2% 的 GDP,控制着全球约 10% 的空域。 此外,澳大利亚的航空航天和国防工业包括大约 1,000 家公司,年营业额约为 40 亿美元。 在这一总收入中,45% 来自出口到欧洲、美国、中国和东盟国家。
  • 未来几年,市场增长趋势预计将保持不变,从而推动该地区的增长。

石脑油市场竞争对手分析

石脑油市场具有部分整合的性质。 从市场份额的角度来看,目前少数玩家主导着市场。 市场上的主要参与者是 Reliance Industries Limited、埃克森美孚公司、沙特阿拉伯石油公司(Saudi Aramco)、Formosa Petrochemical Corporation 和 LG Chem(排名不分先后)。

其他好处

  • Excel 格式的市场预测 (ME) 表
  • 3 个月的分析师支持

内容

第一章介绍

  • 调查先决条件
  • 调查范围

第二章研究方法论

第 3 章执行摘要

第四章市场动态

  • 司机
    • 亚太地区对石化产品的需求增加
    • 印度不断增长的化肥需求
  • 阻碍因素
    • 美国对天然气液体的需求不断增长
  • 工业价值链分析
  • 行业吸引力 - 波特五力分析
    • 供应商的议价能力
    • 消费者的议价能力
    • 新进入者的威胁
    • 替代品的威胁
    • 竞争公司之间的敌对关係
  • 原材料分析

第 5 章市场细分(市场规模:基于数量)

  • 按类型
    • 轻石脑油
    • 重石脑油
  • 按最终用户行业
    • 石化
    • 农业用途
    • 油漆和涂料
    • 航空航天
    • 其他最终用户行业
  • 区域信息
    • 亚太地区
      • 中国
      • 印度
      • 日本
      • 韩国
      • 其他亚太地区
    • 北美
      • 美国
      • 加拿大
      • 墨西哥
    • 欧洲
      • 德国
      • 英国
      • 意大利
      • 法国
      • 其他欧洲
    • 南美洲
      • 巴西
      • 阿根廷
      • 其他南美洲
    • 中东
      • 沙特阿拉伯
      • 南非
      • 其他中东地区

第六章竞争格局

  • 併购、合资企业、合作、合同
  • 市场份额 (%)**/排名分析
  • 主要参与者采用的策略
  • 公司简介
    • AMOC(Alexandria Mineral Oils Co.)
    • BP PLC
    • Chevron Phillips Chemical Company LLC
    • China National Petroleum Corporation(CNPC)
    • China Petroleum & Chemical Corporation(SINOPEC)
    • Exxon Mobil Corporation
    • Formosa Petrochemical Corporation
    • LG Chem
    • MGTPetroil.com
    • PetroChina Company Limited
    • Petroleos Mexicanos
    • Reliance Industries Limited
    • Royal Dutch Shell PLC
    • SASOL
    • SABIC
    • Saudi Arabian Oil Co.(Saudi Aramco)

第7章 市场机会今后动向

简介目录
Product Code: 66080

The global naphtha market is projected to register a CAGR of more than 4% during the forecast period.

The COVID-19 pandemic severely impacts the global naphtha market. The pandemic significantly affected the construction industry's growth. The lockdown imposed in response to the pandemic disrupted the construction materials supply chain. It also caused a significant shortage of workforce. Several major construction projects have been shut down for a considerable amount of time, which led to a decrease in demand for paints and coatings and their additives, thus, hindering the naphtha market growth rate. Similarly, the aerospace industry is severely affected by the COVID-19 pandemic. But, in the post-pandemic period, the opening of economies and government support to different industries led to increasing demand for naphtha and showing signs of recovery of market growth.

Key Highlights

  • Over the medium term, the naphtha market growth is likely driven by the rising demand for naphtha as a feedstock in the petrochemical Industry. Additionally, the increasing need for fertilizers in India will likely boost the demand for naphtha.
  • The primary driver of the market studied is the rising demand for fertilizers in India. Moreover, due to rapid industrialization and urbanization in countries, like China, India, and Japan, the transportation sector is growing, stimulating the gasoline demand and driving the need for the naphtha market.
  • The demand for natural gas liquid in the United States is expected to hinder the growth of the naphtha market.
  • With the increasing demand for naphtha from fast-developing countries like China, India, and Japan, the Asia-Pacific region is expected to dominate the global market.

Naphtha Market Trends

Rising Demand from Petrochemical Industry

  • Naphtha is used in various industries as light naphtha and heavy naphtha. Naphtha is majorly used in the petrochemical industry as feedstock. Around 50% of the naphtha produced is being used in the petrochemical industry.
  • In the petrochemical industry, naphtha is used for manufacturing aromatics and olefins, like benzene, butadiene, ethylene, toluene, and propylene. Continuous growth in the industry makes it proactive in maintaining the development of the naphtha market.
  • Olefin-rich naphtha is mainly used as a feedstock for processing cost-effective high-octane diesel. Naphtha consumption increased in both emerging and industrialized economies due to the increasing demand for cost-effective fuel due to rapid urbanization and a growing global population.
  • Naphtha consumption and production are growing in fast-developing economies such as India, China, and ASEAN. For instance, the Malaysian petrochemical industry is multiplying recently, with many FDIs flowing into the country. A Malaysian national oil and gas company, Petronas, along with Saudi Aramco, announced the establishment of two joint ventures for the Refinery and Petrochemicals Integrated Development (RAPID) project in Johor, worth USD 7 billion. The collaboration mentioned above resulted in a refinery construction with a capacity to process 300,000 barrels of crude oil per day and six petrochemical plants with a combined annual output of more than 3.5 million metric tons.
  • As per data published by US Energy Information Administration, the global consumption of refined petroleum products increased significantly in the post-pandemic period.
  • The United Kingdom is expected to lead the upcoming projects in the European region's oil and gas sector, accounting for 25% of the pipelined projects which are likely to commence by 2025. The country shall be boasting 111 oil and gas industry projects in the near term, out of which 83 will be upstream projects, 23 will be midstream, with refinery and petrochemical at three and two, respectively.
  • As of September 2022, Ineos, a petrochemicals company, will develop an oil and gas field in Denmark, marking the country's first approval of such a project in years. INEOS will collaborate with Danoill and Nordsfonden to develop the Solsort West field in the North Sea, with the first oil and gas production expected in the fourth quarter of 2023.
  • Hence, the above factors are likely to increase the demand for naphtha for various applications in the end-user industries. Thus, this is expected to drive the demand for naphtha during the forecast period.

Asia-Pacific to Dominate the Market

  • The Asia Pacific region dominated the global market share. Due to the growth in various end-user industries, such as petrochemical, fertilizers, paints, and coatings, the demand for naphtha is continuously rising in countries such as China, India, and Japan.
  • The Japanese aerospace industry manufactures aircraft components for commercial and defense aircraft. Commercial aircraft production is increasing over the past couple of years owing to the increasing cargo demands.
  • The South Korean Defense Acquisition Program Administration (DAPA) plans to work on light aircraft with an investment of USD 2.1 billion, which is expected to be operable in 2033. Hyundai Heavy Industries is involved in this manufacturing process with annual maintenance of USD 210 million.
  • The Australian aerospace industry is one of the significant industries in the country, which contributes to around 2% of its GDP and manages about 10% of the world's airspace. Moreover, Australia's aerospace and defense industry includes approximately 1,000 firms and generates around USD 4 billion in annual revenue. Of this total revenue, 45% comes from exports to Europe, the United States, China, and ASEAN countries.​
  • The growth trend of the market is likely to remain the same in the next few years, which will drive its growth in the region.

Naphtha Market Competitor Analysis

The naphtha market is partially consolidated in nature. In terms of market share, few players currently dominate the market. Key players in the market include Reliance Industries Limited, Exxon Mobil Corporation, Saudi Arabian Oil Co. (Saudi Aramco), Formosa Petrochemical Corporation, and LG Chem(not in any particular order).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand for Petrochemicals in Asia Pacific
    • 4.1.2 Rising Demand for Fertilizers in India
  • 4.2 Restraints
    • 4.2.1 Natural Gas Liquid Demand in the United States
  • 4.3 Industry Value Chain Analysis
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Feedstock Analysis

5 MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 By Type
    • 5.1.1 Light Naphtha
    • 5.1.2 Heavy Naptha
  • 5.2 By End-user Industry
    • 5.2.1 Petrochemical
    • 5.2.2 Agriculture
    • 5.2.3 Paints and Coatings
    • 5.2.4 Aerospace
    • 5.2.5 Other End-user Industries
  • 5.3 By Geography
    • 5.3.1 Asia Pacific
      • 5.3.1.1 China
      • 5.3.1.2 India
      • 5.3.1.3 Japan
      • 5.3.1.4 South Korea
      • 5.3.1.5 Rest of Asia Pacific
    • 5.3.2 North America
      • 5.3.2.1 United States
      • 5.3.2.2 Canada
      • 5.3.2.3 Mexico
    • 5.3.3 Europe
      • 5.3.3.1 Germany
      • 5.3.3.2 United Kingdom
      • 5.3.3.3 Italy
      • 5.3.3.4 France
      • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East
      • 5.3.5.1 Saudi Arabia
      • 5.3.5.2 South Africa
      • 5.3.5.3 Rest of Middle-East

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 AMOC (Alexandria Mineral Oils Co.)
    • 6.4.2 BP PLC
    • 6.4.3 Chevron Phillips Chemical Company LLC
    • 6.4.4 China National Petroleum Corporation (CNPC)
    • 6.4.5 China Petroleum & Chemical Corporation (SINOPEC)
    • 6.4.6 Exxon Mobil Corporation
    • 6.4.7 Formosa Petrochemical Corporation
    • 6.4.8 LG Chem
    • 6.4.9 MGTPetroil.com
    • 6.4.10 PetroChina Company Limited
    • 6.4.11 Petroleos Mexicanos
    • 6.4.12 Reliance Industries Limited
    • 6.4.13 Royal Dutch Shell PLC
    • 6.4.14 SASOL
    • 6.4.15 SABIC
    • 6.4.16 Saudi Arabian Oil Co. (Saudi Aramco)

7 MARKET OPPORTUNITIES AND FUTURE TRENDS