Increasing fuel blending practices in order to comply with new regulations concerning fuel composition will also increase demand for renewable naphtha. According to Future Market Insights, the renewable naphtha market will be worth US$ 466.58 million in 2023 and US$ 1698 million in 2033, with a CAGR of 13.7%. The use of renewable naphtha by …
Tag Archives: Renewable Naphtha
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 …