Technavio predicts the Naphtha Market will grow by USD 44.3 billion, with a 3.72% CAGR through 2028. This growth is largely due to the increasing demand for naphtha in the petrochemical industry, its growing applications in agriculture, and its significance as petrochemical feedstock. As a key raw material, naphtha’s demand in the petrochemical sector continues to rise. In agriculture, its use as a fuel and solvent is also expanding. Furthermore, the need for naphtha as a feedstock in various petrochemical processes is driving market growth significantly.

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