Renewable Naphtha Market

Global Renewable Naphtha Market Analysis and Opportunity Assessment by Type, Application, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 725.4 Mn between 2022 and 2032

Category: Clean Energy & Power Published Date : October 2022 ID: CVC-00264 Format: PDF Pages: 280

Global Renewable Naphtha Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Renewable Naphtha Market was worth US$ 490.7 Mn and is expected to grow at a CAGR of 9.5% over the forecast period. While the historical CAGR is 8.2%, the market is expected to hit US$ 1,216.1 Mn by 2032 end.

Renewable naphtha is a byproduct that refineries currently make when they turn renewable feedstock into diesel. It is an intermediary product that can be converted to gasoline, polymers, or feedstock to manufacture hydrogen.

Market Dynamic


Globally rising production and vehicle fleets are driving demand for renewable naphtha. After the economic slump brought on by COVID-19, global vehicle production is increasing steadily.

Crude oil is the source of traditional fuels like gasoline and diesel used in automobiles. When these fuels are used, toxic pollutants, including NOx, SOx, CO2, and other greenhouse gases, are released into the atmosphere, endangering the environment and ecosystem. A fantastic alternative to fossil fuels, renewable naphtha mixed fuel emits fewer hazardous emissions than traditional fossil fuels.


The market’s growth is hampered by increased customer interest in electric vehicles and rising pricing for bio-based fuels. Sales growth in the plastics production market is anticipated to be hindered by strict regulations on producing synthetic plastics like ethylene and propylene.

Renewable Naphtha Market

Market Segments Covered in Report

By Type:

  • Light Naphtha
  • Heavy Naphtha

By Application:

  • Fuel Blending
  • Feed for H2 Production
  • Feed for Plastics Production

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why does the demand for light renewable naphtha continue to increase?

The market for renewable naphtha is expected to be dominated by the light naphtha segment, which is expected to account for 92.8% of the market. Sales of light renewable naphtha will continue to benefit from the growing desire for eco-friendly alternatives to plastic and the rising demand for bio-based materials.

Manufacturers in the renewable naphtha market are investing in research and development to bring new goods to call for various applications, given the nature of the product and scope of use.

Why is there a widespread use of renewable naphtha in plastic production?

About 72.9% of the market for renewable naphtha is anticipated to be accounted for the segment used as feed to manufacture plastic. The demand for consumer goods is predicted to rise together with investments in the manufacturing of bio-based plastics, which will cause the plastics industry to expand quickly. Because it is utilized in applications where it serves as an intermediary product, such as the manufacture of hydrogen gas, the need for renewable naphtha is anticipated to rise.

High demand from the plastics, bio plastics, and fuel blending industries will likely fuel the segment’s continued growth in the foreseeable future. Additionally, the popularity of bio-based polymers will support the development of renewable naphtha.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

  • A market share of 33.3% for renewable naphtha in Europe is anticipated for Germany. Several companies in Germany are increasing their production capacity to meet the rising demand for renewable naphtha.
  • The effective use of renewable naphtha in manufacturing plastics, automobiles, and bioplastics is expected to increase India’s demand for renewable naphtha at an impressive 8.1% CAGR. Manufacturers are looking to expand their manufacturing facilities to meet the rising demand for renewable naphtha in India.

Competition Analysis

The main participants in the renewable naphtha market are concentrating on increasing their production capacity by establishing new production facilities in developing nations. In addition, players are working with plastic manufacturers to increase their market share. In addition, major market players will continue to use mergers, acquisitions, and research and development as important growth tactics.

The key developments in the Global Renewable Naphtha Market are:

  • In January 2015, Lappeenranta, Finland, is where UPM BioVerno diesel and naphtha were first produced commercially. One hundred twenty million liters of superior and renewable biofuels can be paid annually.
  • In July 2019, A pipeline will be built, according to PDV LLC, a U.S. oil and gas corporation, to address the import naphtha shortfall that has disrupted crude oil production and exports.

A list of some of the key suppliers present in the market are:

  • Neste
  • ENI
  • Darling Ingredients Inc.
  • CNPC
  • Diamond Green Diesel
  • Renewable Energy Group, Inc.
  • Marathon Petroleum Corp.
  • Preem
  • Phillips 66
  • UPM Biofuels

Global Renewable Naphtha Market 2022-2032: Report Coverage and Highlights

  • Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Segment-wise, country-wise, and region-wise market analysis
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Key product innovations and regulatory framework
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2030
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Type, Application, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request