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 Segmentation
Renewable Naphtha Market Expected to Surge to USD 1,698 Million by 2033, with a CAGR of 13.7% | FMI Reports
According to Future Market Insights, the renewable naphtha market will be worth USD 466.58 million in 2023 and USD 1698 million in 2033, with a CAGR of 13.7%. Increasing fuel blending practices in order to comply with new regulations concerning fuel composition will also increase demand for renewable naphtha. The use of renewable naphtha by refineries is a great way to provide …
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 …