Naphtha & Speciality Chemicals

Naphtha – India Market

 India Naphtha market stood at 21697 KMT in 2021 and is expected to grow by 6.15 % CAGR to approximately 31040
KMT by the year 2027 and 37,158 KMT by 2030
 At current prices where Naphtha price has stabilized around USD 700/Mt – This gives the current market to be USD
13.7 billion and at current prices to be at current level then it will be at USD 19.7 Billion by 2027 and USD 23.5 Billion
by 2030
 Price for Naphtha was trading around all time high of USD 1112/ Mt in Mar’22 and is currently stabilized to USD ~700/
Mt
 It is bifurcated in heavy and light Naphtha basis its chemical properties
 The Naphtha Market has become more competitive and price-sensitive because of the high potential, steady growth
and abundant availability of cheaper alternatives such as shale gas and LPG of the naphtha market
 Naphtha is generally used in refineries where it is used to dilute heavy oil to make high octane gas and lighter fluid and
to clean metal
 Speciality Chemicals – India Market

 Speciality Chemicals constitute 22% of the total chemicals and petrochemicals market in India
 Speciality Chemicals market size stood around ~USD 47 Billion in India and is expected to grow by CAGR of 9.3%. It is
expected to reach around ~USD 67 Billion by 2025.
 As per different market researches, Indian speciality chemicals Industry will outpace it Chinese counterpart and double
its share in the global market to 6% by 2026 from 3-4% in fiscal 2021.
 Currently speciality chemicals account for 20% of the USD 4 Trillion chemicals industry globally and Indian market is
expected to reach ~USD 67 Billion from USD 47 Billion by 2025
 In India speciality chemicals include Agrochemicals, Dyes & Pigments, personal care chemicals, Ingredients etc.
 India's low-cost manufacturing capabilities, strong process engineering skills and abundant availability of manpower has
made it a preferred manufacturing destination for players across the globe. As a result, Indian specialty chemicals
industry is emerging as an export hub, with the export-oriented businesses growing faster than domestic ones
 LPG – India Market

 India’s LPG market demand stood at 30.6 Million tonnes in FY2021 and is forecasted to reach 36.9 Million tonnes by FY
2030, Growing at a healthy CAGR of 1.78%
 At current market rate of USD 2095.44/MT, India’s current market size stand at USD 64.4 Billion and is expected to
reach ~USD 79.8 Billion by 2030.
 The main reason for increase in demand is due to environmental demand of cleaner fuel which has replaced firewood
in rural areas and government's focus on raising the natural gas share in the energy mix to 15% by 2030 from around
6.7% in 2021
 The global LPG market size was valued at USD 130 .1 Billion in 2020 and is expected to reach USD 243.4 Billion by 2030,
registering a CAGR of 6.5% from 2021 to 2030
Thank You