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According to the latest research, the global Renewable Naphtha market size was valued at USD 146.36 million in 2022 and is expected to expand at a CAGR of 31.46% during the forecast period, reaching USD 755.35 million by 2028.
Renewable naphtha is a by-product of renewable diesel, derived from oils and fats. Compared with petroleum-based naphtha, it reduces harmful emissions. The properties of renewable naphtha allow it to be used as a raw material for the production of renewable chemicals and bioplastics, and it can also be used as a biological component of gasoline.
Influence of COVID-19 Outbreak on Renewable Naphtha Industry Development
The global outbreak of COVID-19 has a negative impact on the renewable naphtha industry. The outbreak of the epidemic has caused countries to enter a state of lockdown, and the demand for transportation fuel has dropped sharply. The demand for ethanol and biodiesel has also been hit, and the demand for renewable naphtha has also fallen. With the relaxation of national restrictions, demand is expected to rebound. At the same time, supply difficulties are affected by the epidemic, and it is more difficult for manufacturers to operate under conditions of weak demand and tight profits. In addition to the energy and fuel industries, another application market for renewable naphtha, the chemical raw material industry is also hit by the epidemic, with demand declining and production constraints.
The growing demand for renewable plastics will be an opportunity for the development of renewable naphtha
Renewable naphtha significantly reduces carbon emissions. Naphtha is a key material for the production of plastics, and Dow currently uses renewable naphtha to produce bio-based polyethylene in its factories. The polyethylene can be used in packaging fields such as food packaging to reduce food waste. The use of renewable naphtha as a raw material for plastics can realize the development of plastics business to a circular economy. The world is paying more and more attention to environmental protection, and the growing demand for renewable plastics will be an opportunity for the development of renewable naphtha.
The application of renewable naphtha in the gasoline industry is promoting the development of this market
Renewable naphtha can be used as a biological component of gasoline, which reduces harmful emissions and is more environmentally friendly. At the same time, cost-effective renewable naphtha has attracted the attention of oil producers and their end-use industries. The gasoline industry has made great strides in using more renewable fuels and is promoting the development of the renewable naphtha market.
As the demand for renewable naphtha rises, so does the cost of renewable naphtha
Renewable naphtha is an intermediate product that can be converted into gasoline, plastic and other products. Renewable naphtha is a by-product produced when a refinery converts renewable raw materials into diesel. In the past, the production of renewable naphtha was not high due to low prices and low demand. However, in recent years, the demand and cost of renewable naphtha have increased.
Unstable downstream demand for renewable naphtha
Renewable naphtha can be used as a biological component of gasoline or as a raw material in bioplastics. It is also a valuable product. The biggest risk associated with renewable naphtha is that renewable naphtha may lack a viable buyer. Although renewable naphtha has many uses, buyers of bio-naphtha are not allowed to sign long-term purchase contracts. Renewable naphtha is purchased on the spot market, so when demand decreases, there may be a surplus of renewable naphtha.
Region Overview:
In 2022, the share of the Renewable Naphtha market in Europe stood at 48.03%.
Company Overview:
UPM-Kymmene Oyj is one of the major players operating in the Renewable Naphtha market, holding a share of 24.63% in 2023.
UPM-Kymmene Oyj
UPM-Kymmene Oyj engages in the provision of forestry services and the manufacture of paper products. Its principal activities are manufacturing paper and converting materials and wood products. The company operates its business through segments: Pulp, Timber, Biofuels, Energy, Label, Specialty Papers, Communication Papers, Plywood, Bio-composites and Other operations.
Neste Oyj
Neste Oyj operates as an independent northern European oil refining and marketing company. The Company focuses on traffic fuels and other value-added petroleum products with reduced environmental impact.
Segmentation Overview:
Among different product types, Light segment is anticipated to contribute the largest market share in 2028.
Application Overview:
The market's largest segment by application is the segment Chemical Feedstock, with a market share of 57.29% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Renewable Naphtha industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Renewable Naphtha. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Renewable Naphtha Market Report Include:
Market Size Estimates: Renewable Naphtha market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Renewable Naphtha market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Renewable Naphtha market
Segment Market Analysis: Renewable Naphtha market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Renewable Naphtha market situations and prospects in major and top regions and countries
Renewable Naphtha Market
Renewable Naphtha Industry Chain: Renewable Naphtha market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Renewable Naphtha Industry News, Policies by regions
Renewable Naphtha Industry Porters Five Forces Analysis
Key players in the global Renewable Naphtha market are covered in Chapter 2:
UPM-Kymmene Oyj
Renewable Energy Group, Inc.
East Kansas Agri Energy
Diamond Green Diesel
World Energy
Neste Oyj
In Chapter 6 and Chapter 9, on the basis of types, the Renewable Naphtha market from 2018 to 2028 is primarily split into:
Light
Heavy
In Chapter 7 and Chapter 10, on the basis of applications, the Renewable Naphtha market from 2018 to 2028 covers:
Chemical Feedstock
Energy and Fuel
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Renewable Naphtha market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Renewable Naphtha industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Renewable Naphtha market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Renewable Naphtha industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Renewable Naphtha market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Renewable Naphtha market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Renewable Naphtha market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Renewable naphtha is a by-product of renewable diesel, derived from oils and fats. Compared with petroleum-based naphtha, it reduces harmful emissions. The properties of renewable naphtha allow it to be used as a raw material for the production of renewable chemicals and bioplastics, and it can also be used as a biological component of gasoline.
Influence of COVID-19 Outbreak on Renewable Naphtha Industry Development
The global outbreak of COVID-19 has a negative impact on the renewable naphtha industry. The outbreak of the epidemic has caused countries to enter a state of lockdown, and the demand for transportation fuel has dropped sharply. The demand for ethanol and biodiesel has also been hit, and the demand for renewable naphtha has also fallen. With the relaxation of national restrictions, demand is expected to rebound. At the same time, supply difficulties are affected by the epidemic, and it is more difficult for manufacturers to operate under conditions of weak demand and tight profits. In addition to the energy and fuel industries, another application market for renewable naphtha, the chemical raw material industry is also hit by the epidemic, with demand declining and production constraints.
The growing demand for renewable plastics will be an opportunity for the development of renewable naphtha
Renewable naphtha significantly reduces carbon emissions. Naphtha is a key material for the production of plastics, and Dow currently uses renewable naphtha to produce bio-based polyethylene in its factories. The polyethylene can be used in packaging fields such as food packaging to reduce food waste. The use of renewable naphtha as a raw material for plastics can realize the development of plastics business to a circular economy. The world is paying more and more attention to environmental protection, and the growing demand for renewable plastics will be an opportunity for the development of renewable naphtha.
The application of renewable naphtha in the gasoline industry is promoting the development of this market
Renewable naphtha can be used as a biological component of gasoline, which reduces harmful emissions and is more environmentally friendly. At the same time, cost-effective renewable naphtha has attracted the attention of oil producers and their end-use industries. The gasoline industry has made great strides in using more renewable fuels and is promoting the development of the renewable naphtha market.
As the demand for renewable naphtha rises, so does the cost of renewable naphtha
Renewable naphtha is an intermediate product that can be converted into gasoline, plastic and other products. Renewable naphtha is a by-product produced when a refinery converts renewable raw materials into diesel. In the past, the production of renewable naphtha was not high due to low prices and low demand. However, in recent years, the demand and cost of renewable naphtha have increased.
Unstable downstream demand for renewable naphtha
Renewable naphtha can be used as a biological component of gasoline or as a raw material in bioplastics. It is also a valuable product. The biggest risk associated with renewable naphtha is that renewable naphtha may lack a viable buyer. Although renewable naphtha has many uses, buyers of bio-naphtha are not allowed to sign long-term purchase contracts. Renewable naphtha is purchased on the spot market, so when demand decreases, there may be a surplus of renewable naphtha.
Region Overview:
In 2022, the share of the Renewable Naphtha market in Europe stood at 48.03%.
Company Overview:
UPM-Kymmene Oyj is one of the major players operating in the Renewable Naphtha market, holding a share of 24.63% in 2023.
UPM-Kymmene Oyj
UPM-Kymmene Oyj engages in the provision of forestry services and the manufacture of paper products. Its principal activities are manufacturing paper and converting materials and wood products. The company operates its business through segments: Pulp, Timber, Biofuels, Energy, Label, Specialty Papers, Communication Papers, Plywood, Bio-composites and Other operations.
Neste Oyj
Neste Oyj operates as an independent northern European oil refining and marketing company. The Company focuses on traffic fuels and other value-added petroleum products with reduced environmental impact.
Segmentation Overview:
Among different product types, Light segment is anticipated to contribute the largest market share in 2028.
Application Overview:
The market's largest segment by application is the segment Chemical Feedstock, with a market share of 57.29% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Renewable Naphtha industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Renewable Naphtha. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Renewable Naphtha Market Report Include:
Market Size Estimates: Renewable Naphtha market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Renewable Naphtha market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Renewable Naphtha market
Segment Market Analysis: Renewable Naphtha market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Renewable Naphtha market situations and prospects in major and top regions and countries
Renewable Naphtha Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Renewable Naphtha Industry Chain: Renewable Naphtha market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Renewable Naphtha Industry News, Policies by regions
Renewable Naphtha Industry Porters Five Forces Analysis
Key players in the global Renewable Naphtha market are covered in Chapter 2:
UPM-Kymmene Oyj
Renewable Energy Group, Inc.
East Kansas Agri Energy
Diamond Green Diesel
World Energy
Neste Oyj
In Chapter 6 and Chapter 9, on the basis of types, the Renewable Naphtha market from 2018 to 2028 is primarily split into:
Light
Heavy
In Chapter 7 and Chapter 10, on the basis of applications, the Renewable Naphtha market from 2018 to 2028 covers:
Chemical Feedstock
Energy and Fuel
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Renewable Naphtha market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Renewable Naphtha industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Renewable Naphtha market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Renewable Naphtha industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Renewable Naphtha market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Renewable Naphtha market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Renewable Naphtha market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
