Epoxy curing agent News Market demand continues to release, and the scale of the renewable naphtha industry continues to expand

Market demand continues to release, and the scale of the renewable naphtha industry continues to expand

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Market demand continues to release and the scale of the renewable naphtha industry continues to expand

Renewable naphtha is a hydrocarbon by-product of renewable diesel and sustainable aviation fuel. Naphtha is an important chemical raw material with a wide range of downstream applications, involving ethylene, solvent oil, asphalt, paraxylene, oil blending raw materials and other fields. In recent years, with the increasingly stringent environmental protection regulations, and bioplastics The industry is developing rapidly and the market demand for renewable naphtha is increasing, which in turn drives the development of the renewable naphtha industry.

Bioplastics refer to plastics produced by microorganisms based on natural substances such as starch. Since most plastics are made from petrochemical raw materials, plastic pollution has become one of the world’s biggest environmental problems. my country is a major producer and consumer of plastic products. Under the strategic goals of carbon neutrality and carbon peaking, there is broad room for bioplastic substitution. It is expected that the global bioplastics market will maintain a compound annual growth rate of 20.4% from 2021 to 2025, with the market size reaching US$120 billion in 2025. During this period, the growth rate of my country’s bioplastics market will be higher than the global average.

According to the “2021-2025 Global Renewable Naphtha Industry In-depth Market Research and Key Area Research Report released by the Industrial Research Center , from 2016 to 2020, the global renewable naphtha market maintained a compound annual growth rate of 4.2%. Globally, the renewable naphtha market is mainly concentrated in North America, Europe and the Asia-Pacific region. In North America, the United States It is the fastest growing market for renewable naphtha. In Europe, Germany occupies the main share of the renewable naphtha market. In the Asia-Pacific region, renewable naphtha production capacity in China, India and other regions is expanding rapidly.

In the international market, renewable naphtha-related companies mainly include Finnish Neste, Enida, Darling Ingredients Inc, UPM, CNPC, Diamond Green Diesel, etc. Due to the small number of market participants and the high concentration of the renewable naphtha market, leading companies are expanding production capabilities and their own competitive advantages through technology research and development, product research and development, mergers, acquisitions, agreements, and cooperation with other players. , in this context, the barriers to entry in the renewable naphtha industry will increase.

At this stage, the supply capacity of the global renewable naphtha industry is around 700,000 tons/year. Overall, the renewable naphtha market is still in its early stages of development, and there are still many uncertainties in future industry development. If renewable naphtha can be commercialized and produced on a large scale, it is expected that the global supply of renewable naphtha will exceed 3 million tons in 2025.

Industry analysts said that in the context of increasingly stringent environmental protection regulations, the market demand for renewable materials continues to be released, as a As an important chemical raw material, renewable naphtha has broad market development potential. At this stage, the renewable naphtha market is still in the early stages of development, and related technologies still need to be further explored. In the future, with the active layout of relevant companies, the scale of the global renewable naphtha industry will continue to expand.

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