Technological innovations and developments in the field of naphtha production causing efficiency gains in the global naphtha market
London, Jan 29, 2018: The increasing demand for gasoline blends, driven by an increase in the number of vehicles and growing awareness regarding the need to reduce vehicular emissions, is expected to augment the growth of the global naphtha market. The demand is continually on the rise as automobiles that uses gasoline produce less pollution than automobiles that run on diesel.
SpendEdge’s latest procurement research report on the global naphtha market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals portfolio, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“Technological innovations and developments in the field of naphtha production such as the development of advanced distillation columns, and furnace materials, and alternative processes will significantly reduce the heat energy required for the production of naphtha. As a result, the overall production cost is reduced leading to the growth of naphtha market.” – Anil Seth, chemicals procurement research specialist at SpendEdge.
Naphtha is a volatile, hazardous, and carcinogenic substance. Hence, it is mostly transported through rail cars, pipelines, or dedicated cargo ships. Furthermore, transportation and handling require expertise and use of special equipment. Suppliers are also expected to adhere to various environmental and safety regulations in the naphtha market. This significantly increases the cost of transporting naphtha and also limits buyer’s ability to source from multiple geographically dispersed, low-cost sourcing countries.
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This procurement report on the naphtha market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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