According to Future Market Insights, the renewable naphtha market is projected to be worth USD 466.58 million in 2023 and USD 1,698 million by 2033, with a CAGR of 13.7%. The rising adoption of fuel blending practices to comply with new fuel composition regulations is expected to drive demand for renewable naphtha. Refineries are increasingly …
Tag Archives: Renewable Naphtha Market Growth
Renewable Naphtha Market Size Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2031
The market grew at a CAGR of 3.6% over the past half-decade. Rising demand for eco-friendly substitutes for synthetic plastic, coupled with increasing usage of naphtha as raw material in bio-plastic production is favoring the growth in the market. On account of this, the renewable naphtha is projected to rise at a robust 10.5% CAGR …