Middle East & Africa Naphtha Market Size & Outlook
The naphtha market in Middle East & Africa is expected to reach a projected revenue of US$ 15.3 billion by 2030. A compound annual growth rate of 3.9% is expected of Middle East & Africa naphtha market from 2025 to 2030.
Revenue, 2024 (US$B)
$12.2
Forecast, 2030 (US$B)
$15.3
CAGR, 2025 - 2030
3.9%
Report Coverage
Middle East & Africa
MEA naphtha market highlights
- The MEA naphtha market generated a revenue of USD 11,830.0 million in 2023.
- The market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, light naphtha was the largest revenue generating product in 2023.
- Light Naphtha is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 11,830.0 million |
| Market revenue in 2030 | USD 16,420.0 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Light naphtha |
| Fastest growing segment | Light Naphtha |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light Naphtha |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.2% of the global naphtha market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 119,320.0 million by 2030.
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Naphtha Market Scope
Naphtha market segmentation & scope
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Naphtha Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Formosa Petrochemical | View profile | 5001-10000 | Taiwan, Jiangsu, China, Asia | http://www.fpcc.com.tw/English/about%20fpcc/Business%20Overview.htm |
| Saudi Arabian Oil Co. | View profile | - | - | - |
| Asahi Kasei Corporation | View profile | - | - | - |
| JFE Chemical Corporation | View profile | 501-1000 | Tokyo, Tokyo, Japan, Asia | https://www.jfe-chem.com/ |
| Reliance Industries | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | https://www.ril.com |
| Indian Oil Corporation | View profile | 10001+ | New Delhi, Delhi, India, Asia | https://www.iocl.com/ |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
Middle East & Africa Naphtha Market Outlook Share, 2024 & 2030 (US$B)
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