VM&P Naphtha Market Synopsis
Global VM&P Naphtha Market Size Was Valued at USD 73 Billion in 2023 and is Projected to Reach USD 103.63 Billion by 2032, Growing at a CAGR of 3.97% From 2024-2032
VM&P Naphtha, also known as Varnish Makers and Painters Naphtha, is a solvent that is commonly used in the manufacture of varnishes, paints, and coating. It is a fast-evaporating petroleum-based liquid that can dissolve a variety of resins and chemicals. In painting and coating applications, VM&P Naphtha is an essential component for producing long-lasting, smooth finishes.
- The VM&P Naphtha market is blooming due to its numerous applications in the paint and coating industries. As a fast-evaporating solvent, VM&P Naphtha is essential for dissolving resins and chemicals, helping to produce high-quality varnishes and paints. Its ability to ensure smooth and durable finishes has led to widespread adoption in a variety of industries, making it a key ingredient in the formulation of coatings that improve the longevity and appearance of surfaces.
- The VM&P Naphtha market is expected to expand further, owing to several factors. Increased demand for high-performance coatings in the construction and automotive industries, combined with advancements in paint and varnish technologies, is expected to drive market growth. Furthermore, the growing emphasis on eco-friendly and low-volatile organic compound solutions in coatings is likely to open up new opportunities for VM&P Naphtha as a preferred solvent.
- the VM&P Naphtha market is expected to continue growing. The current demand, which is driven by its critical role in paint and coating applications, will be supplemented by future factors such as technological advancements and a shift toward environmentally conscious solutions. This bodes well for the VM&P Naphtha market as it adapts to changing industry demands and standards.
VM&P Naphtha Market Trend Analysis:
Growing Demand in Paint and Coating Industry
- The VM&P Naphtha market is experiencing a significant increase due to rising demand in the paint and coating industry. As industries strive for high-quality finishes and long-lasting coatings, VM&P Naphtha stands out as an essential solvent for creating paints that meet stringent performance standards. The ongoing construction boom, combined with the ever-expanding automotive and industrial sectors, is driving the current surge in demand for VM&P naphtha. Its rapid evaporation and efficacy in dissolving resins make it essential for achieving the desired aesthetic and protective characteristics in coatings.
- Several factors in the future will propel the VM&P Naphtha market's steady growth. Consumers' environmental consciousness and regulatory requirements are in line with the growing emphasis on low-VOC and environmentally friendly coating solutions. Additionally, since industries are always looking for new and creative ways to improve the performance and longevity of their products, developments in coating technologies and formulations should increase demand for VM&P Naphtha.
- The VM&P Naphtha market is poised to thrive as current and future factors work together to propel its growth. The paint and coating industry continues to see strong demand, influenced by the construction, automotive, and industrial sectors. the expected increase in demand due to environmental concerns and technological advancements positions VM&P Naphtha as a key player in the evolving landscape of solvent applications, ensuring a promising path for market expansion.
The Diverse Applications for Enhanced Market Potential
- VM&P Naphtha, a solvent and diluent used in paints, coatings, and varnishes, has a significant market potential due to its versatility. Its role as a solvent and diluent enhances product performance and consistency, making it a crucial ingredient in the coatings industry. VM&P Naphtha's versatility extends beyond coatings, encompassing cleaning solutions, resins, and lighter fluid production, showcasing its adaptability across various industries.
- VM&P Naphtha's market potential is expected to grow due to growing industrial activities and demand for paints and coatings in the construction and automotive sectors. The demand for environmentally friendly and sustainable formulations is driven by construction projects and automotive manufacturing. The petrochemical industry's developments further broaden its applications, making VM&P Naphtha a key player in meeting industry standards and regulations.
- VM&P Naphtha's diverse applications and growing demand for paints, coatings, and related products present a significant opportunity for market expansion. Its adaptability and functional properties enable it to capitalize on emerging trends and contribute to the evolving landscape of the chemical and coatings industries.
VM&P Naphtha Market Segment Analysis:
VM&P Naphtha Market Segmented on the basis of Type, Application, End-User, and Distribution Channel
By Application, Varnish Manufacturing segment is expected to dominate the market during the forecast period
- The Varnish Manufacturing segment dominates the VM&P Naphtha market due to the crucial role VM&P Naphtha plays in the production of high-quality varnishes. Varnishes, widely used for protective coatings and enhancing the aesthetics of various surfaces, heavily rely on VM&P Naphtha as a solvent. VM&P Naphtha's fast-evaporating nature and ability to dissolve resins make it an essential component in varnish formulations, ensuring smooth application and a durable finish.
- The dominance of the Varnish Manufacturing segment is further amplified by the demand from industries such as woodworking, furniture, and construction, where varnishes are extensively used to protect and beautify surfaces. As these industries flourish, the consistent need for top-notch varnishes solidifies the Varnish Manufacturing segment's prominence, establishing it as a key driver of the overall VM&P Naphtha market.
By End-User, the Automotive Industry segment held the largest share of 52.4% in 2022
- The Automotive Industry segment dominates the VM&P Naphtha market, primarily attributed to the essential role of VM&P Naphtha in automotive coatings. VM&P Naphtha Essential to a crucial role as a solvent in formulating paints and coatings for automobiles, contributing to the creation of durable, glossy, and protective finishes. As the automotive sector experiences continuous growth and innovation, there is a sustained demand for high-performance coatings that not only enhance the visual appeal of vehicles but also offer robust protection against environmental factors and corrosion.
- The persistent requirement for these specialized coatings establishes the Automotive Industry as a significant consumer of VM&P Naphtha. With the ongoing expansion of global automotive production and consumer preferences for superior quality finishes, the dependence on VM&P Naphtha for advanced coatings solidifies the Automotive Industry segment's prominent position in the VM&P Naphtha market.
VM&P Naphtha Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The VM&P Naphtha market is expected to be predominantly led by the Asia Pacific region, the region serves as a focal point for rapid industrialization and urbanization, fostering an increased need for paints, coatings, and varnishes in various construction and infrastructure projects. the thriving automotive industry in countries such as China and India a significant role in driving the demand for VM&P Naphtha, serving as a crucial component in automotive coatings.
- Furthermore, robust economic growth in the Asia Pacific region has led to an escalation in disposable income and consumer spending on visually appealing products, thereby further propelling the demand for coatings. The substantial presence of a vast manufacturing sector and the continuous expansion of end-use industries firmly establish the Asia Pacific as a prominent market for VM&P Naphtha, with sustained growth expected in the foreseeable future.
VM&P Naphtha Market Top Key Players:
- ExxonMobil Corporation (US)
- Chevron Corporation (US)
- Marathon Petroleum Corporation (US)
- Valero Energy Corporation (US)
- Phillips 66 (US)
- NGL Energy Partners LP (US)
- Petroleos Mexicanos (Pemex) (Mexico)
- PEMEX (PetrĂ³leos Mexicanos) (Mexico)
- Royal Dutch Shell plc (Netherlands)
- BP plc (UK)
- Rosneft (Russia)
- Lukoil (Russia)
- TotalEnergies SE (France)
- Equinor (Norway)
- Eni SpA (Italy)
- China National Petroleum Corporation (CNPC) (China)
- PetroChina Company Limited (China)
- Indian Oil Corporation Limited (IOCL) (India)
- Reliance Industries Limited (RIL) (India)
- Petronas (Malaysia)
- Pertamina (Indonesia)
- Saudi Aramco (Saudi Arabia)
- Kuwait National Petroleum Company (KNPC) (Kuwait)
- Petrobras (Brazil)
- ADNOC (Abu Dhabi National Oil Company) (UAE), and Other Major Players
Key Industry Developments in the VM&P Naphtha Market:
- In May 2023, Indian Oil Corp. (IOC.NS), the country's leading refiner, announced the start of decarbonization of petrochemical feedstocks using bio-naphtha. The company emphasises the use of sustainable practices, viewing bio-based feedstocks such as bio-naphtha and bio-ethanol as the natural evolution of the petrochemical industry in order to achieve sustainability.
- In October 2023, ExxonMobil Corporation, has collaborated with a renewable energy company to investigate the co-processing of waste-based feedstocks alongside naphtha in the refining process. This initiative aims to diminish carbon footprint, as well as diversify the sources of feedstock.
Global VM&P Naphtha Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 73 Bn. |
Forecast Period 2023-32 CAGR: |
3.97% |
Market Size in 2032: |
USD 103.63Bn. |
Segments Covered: |
By Type |
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By Application |
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By End-User |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- VM&P NAPHTHA MARKET BY TYPE (2017-2032)
- VM&P NAPHTHA MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- HEAVY NAPHTHA
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- LIGHT NAPHTHA
- VM&P NAPHTHA MARKET BY APPLICATION (2017-2032)
- VM&P NAPHTHA MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- VARNISH MANUFACTURING
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- PAINT MANUFACTURING
- CLEANING SOLUTIONS
- VM&P NAPHTHA MARKET BY END-USER (2017-2032)
- VM&P NAPHTHA MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- AUTOMOTIVE INDUSTRY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- PRINTING INDUSTRY
- CHEMICAL MANUFACTURING
- PAINTS AND COATINGS INDUSTRY
- VM&P NAPHTHA MARKET BY DISTRIBUTION CHANNEL (2017-2032)
- VM&P NAPHTHA MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- DIRECT SALES
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- ONLINE PLATFORMS
- DISTRIBUTORS & TRADERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- VM&P Naphtha Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- EXXONMOBIL CORPORATION (US)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- CHEVRON CORPORATION (US)
- MARATHON PETROLEUM CORPORATION (US)
- VALERO ENERGY CORPORATION (US)
- PHILLIPS 66 (US)
- NGL ENERGY PARTNERS LP (US)
- PETROLEOS MEXICANOS (PEMEX) (MEXICO)
- PEMEX (PETRĂ“LEOS MEXICANOS) (MEXICO)
- ROYAL DUTCH SHELL PLC (NETHERLANDS)
- BP PLC (UK)
- ROSNEFT (RUSSIA)
- LUKOIL (RUSSIA)
- TOTALENERGIES SE (FRANCE)
- EQUINOR (NORWAY)
- ENI SPA (ITALY)
- CHINA NATIONAL PETROLEUM CORPORATION (CNPC) (CHINA)
- PETROCHINA COMPANY LIMITED (CHINA)
- INDIAN OIL CORPORATION LIMITED (IOCL) (INDIA)
- RELIANCE INDUSTRIES LIMITED (RIL) (INDIA)
- PETRONAS (MALAYSIA)
- PERTAMINA (INDONESIA)
- SAUDI ARAMCO (SAUDI ARABIA)
- KUWAIT NATIONAL PETROLEUM COMPANY (KNPC) (KUWAIT)
- PETROBRAS (BRAZIL)
- ADNOC (ABU DHABI NATIONAL OIL COMPANY) (UAE)
- COMPETITIVE LANDSCAPE
- GLOBAL VM&P NAPHTHA MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By End-User
- Historic And Forecasted Market Size By Distribution Channel
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global VM&P Naphtha Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 73 Bn. |
Forecast Period 2023-32 CAGR: |
3.97% |
Market Size in 2032: |
USD 103.63Bn. |
Segments Covered: |
By Type |
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By Application |
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By End-User |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. VM&P NAPHTHA MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. VM&P NAPHTHA MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. VM&P NAPHTHA MARKET COMPETITIVE RIVALRY
TABLE 005. VM&P NAPHTHA MARKET THREAT OF NEW ENTRANTS
TABLE 006. VM&P NAPHTHA MARKET THREAT OF SUBSTITUTES
TABLE 007. VM&P NAPHTHA MARKET BY TYPE
TABLE 008. HEAVY NAPHTHA MARKET OVERVIEW (2016-2028)
TABLE 009. LIGHT NAPHTHA MARKET OVERVIEW (2016-2028)
TABLE 010. VM&P NAPHTHA MARKET BY APPLICATION
TABLE 011. CHEMICALS MARKET OVERVIEW (2016-2028)
TABLE 012. ENERGY & ADDITIVES MARKET OVERVIEW (2016-2028)
TABLE 013. NORTH AMERICA VM&P NAPHTHA MARKET, BY TYPE (2016-2028)
TABLE 014. NORTH AMERICA VM&P NAPHTHA MARKET, BY APPLICATION (2016-2028)
TABLE 015. N VM&P NAPHTHA MARKET, BY COUNTRY (2016-2028)
TABLE 016. EUROPE VM&P NAPHTHA MARKET, BY TYPE (2016-2028)
TABLE 017. EUROPE VM&P NAPHTHA MARKET, BY APPLICATION (2016-2028)
TABLE 018. VM&P NAPHTHA MARKET, BY COUNTRY (2016-2028)
TABLE 019. ASIA PACIFIC VM&P NAPHTHA MARKET, BY TYPE (2016-2028)
TABLE 020. ASIA PACIFIC VM&P NAPHTHA MARKET, BY APPLICATION (2016-2028)
TABLE 021. VM&P NAPHTHA MARKET, BY COUNTRY (2016-2028)
TABLE 022. MIDDLE EAST & AFRICA VM&P NAPHTHA MARKET, BY TYPE (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA VM&P NAPHTHA MARKET, BY APPLICATION (2016-2028)
TABLE 024. VM&P NAPHTHA MARKET, BY COUNTRY (2016-2028)
TABLE 025. SOUTH AMERICA VM&P NAPHTHA MARKET, BY TYPE (2016-2028)
TABLE 026. SOUTH AMERICA VM&P NAPHTHA MARKET, BY APPLICATION (2016-2028)
TABLE 027. VM&P NAPHTHA MARKET, BY COUNTRY (2016-2028)
TABLE 028. SHELL CHEMICALS: SNAPSHOT
TABLE 029. SHELL CHEMICALS: BUSINESS PERFORMANCE
TABLE 030. SHELL CHEMICALS: PRODUCT PORTFOLIO
TABLE 031. SHELL CHEMICALS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 031. TOTAL: SNAPSHOT
TABLE 032. TOTAL: BUSINESS PERFORMANCE
TABLE 033. TOTAL: PRODUCT PORTFOLIO
TABLE 034. TOTAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. SINOPEC: SNAPSHOT
TABLE 035. SINOPEC: BUSINESS PERFORMANCE
TABLE 036. SINOPEC: PRODUCT PORTFOLIO
TABLE 037. SINOPEC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. BP: SNAPSHOT
TABLE 038. BP: BUSINESS PERFORMANCE
TABLE 039. BP: PRODUCT PORTFOLIO
TABLE 040. BP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. ADNOC: SNAPSHOT
TABLE 041. ADNOC: BUSINESS PERFORMANCE
TABLE 042. ADNOC: PRODUCT PORTFOLIO
TABLE 043. ADNOC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. ARAMCO: SNAPSHOT
TABLE 044. ARAMCO: BUSINESS PERFORMANCE
TABLE 045. ARAMCO: PRODUCT PORTFOLIO
TABLE 046. ARAMCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. PEMEX: SNAPSHOT
TABLE 047. PEMEX: BUSINESS PERFORMANCE
TABLE 048. PEMEX: PRODUCT PORTFOLIO
TABLE 049. PEMEX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. MANGALORE REFINERY AND PETROCHEMICALS LIMITED: SNAPSHOT
TABLE 050. MANGALORE REFINERY AND PETROCHEMICALS LIMITED: BUSINESS PERFORMANCE
TABLE 051. MANGALORE REFINERY AND PETROCHEMICALS LIMITED: PRODUCT PORTFOLIO
TABLE 052. MANGALORE REFINERY AND PETROCHEMICALS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. KUWAIT PETROLEUM CORPORATION: SNAPSHOT
TABLE 053. KUWAIT PETROLEUM CORPORATION: BUSINESS PERFORMANCE
TABLE 054. KUWAIT PETROLEUM CORPORATION: PRODUCT PORTFOLIO
TABLE 055. KUWAIT PETROLEUM CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. HINDUSTAN PETROLEUM CORPORATION LIMITED: SNAPSHOT
TABLE 056. HINDUSTAN PETROLEUM CORPORATION LIMITED: BUSINESS PERFORMANCE
TABLE 057. HINDUSTAN PETROLEUM CORPORATION LIMITED: PRODUCT PORTFOLIO
TABLE 058. HINDUSTAN PETROLEUM CORPORATION LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ONGC: SNAPSHOT
TABLE 059. ONGC: BUSINESS PERFORMANCE
TABLE 060. ONGC: PRODUCT PORTFOLIO
TABLE 061. ONGC: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. VM&P NAPHTHA MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. VM&P NAPHTHA MARKET OVERVIEW BY TYPE
FIGURE 012. HEAVY NAPHTHA MARKET OVERVIEW (2016-2028)
FIGURE 013. LIGHT NAPHTHA MARKET OVERVIEW (2016-2028)
FIGURE 014. VM&P NAPHTHA MARKET OVERVIEW BY APPLICATION
FIGURE 015. CHEMICALS MARKET OVERVIEW (2016-2028)
FIGURE 016. ENERGY & ADDITIVES MARKET OVERVIEW (2016-2028)
FIGURE 017. NORTH AMERICA VM&P NAPHTHA MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 018. EUROPE VM&P NAPHTHA MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. ASIA PACIFIC VM&P NAPHTHA MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. MIDDLE EAST & AFRICA VM&P NAPHTHA MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. SOUTH AMERICA VM&P NAPHTHA MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the VM&P Naphtha Market research report is 2024-2032
ExxonMobil Corporation (US), Chevron Corporation (US), Marathon Petroleum Corporation (US), Valero Energy Corporation (US), Phillips 66 (US),NGL Energy Partners LP (US), Petroleos Mexicanos (Pemex) (Mexico), PEMEX (PetrĂ³leos Mexicanos) (Mexico), Royal Dutch Shell plc (Netherlands), BP plc (UK), Rosneft (Russia), Lukoil (Russia), TotalEnergies SE (France), Equinor (Norway),Eni SpA (Italy), China National Petroleum Corporation (CNPC) (China), PetroChina Company Limited (China), Indian Oil Corporation Limited (IOCL) (India), Reliance Industries Limited (RIL) (India), Petronas (Malaysia), Pertamina (Indonesia), Saudi Aramco (Saudi Arabia), Kuwait National Petroleum Company (KNPC) (Kuwait), Petrobras (Brazil), ADNOC (Abu Dhabi National Oil Company) (UAE) and Other Major Players.
The VM&P Naphtha Market is segmented into Type, Application, End-User, Distribution Channel, and region. By Type, the market is categorized into Heavy Naphtha and Light Naphtha. By Application, the market is categorized into Varnish Manufacturing, Paint Manufacturing, and Cleaning Solutions. By End-User, the market is categorized into the Automotive Industry, Printing Industry, Chemical Manufacturing, and Paints and Coatings Industry. By Distribution Channel, the market is categorized into Direct Sales, Online Platforms, and Distributors & Traders. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
VM&P Naphtha, also known as Varnish Makers and Painters Naphtha, is a solvent that is commonly used in the manufacture of varnishes, paints, and coating. It is a fast-evaporating petroleum-based liquid that can dissolve a variety of resins and chemicals. In painting and coating applications, VM&P Naphtha is an essential component for producing long-lasting, smooth finishes.
Global VM&P Naphtha Market Size Was Valued at USD 73 Billion in 2023 and is Projected to Reach USD 103.63 Billion by 2032, Growing at a CAGR of 3.97% From 2024-2032