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Naphtha is a light hydrocarbon liquid derived from the refining of crude oil. It is a key feedstock for the petrochemical industry, used to produce a variety of products such as gasoline, solvents, and plastics. Naphtha is also used as a fuel for industrial and marine applications.
The naphtha market is highly competitive, with a range of suppliers offering different grades of the product. Prices are determined by the availability of crude oil, the cost of refining, and the demand for petrochemical products. The market is also affected by geopolitical events, environmental regulations, and technological advances.
Major players in the naphtha market include ExxonMobil, Shell, BP, Chevron, Total, and Reliance Industries. Show Less Read more
