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The global market value of Nafta is projected to reach US$245 billion by 2030.

Erlina Fury Santika 09/04/2026 20:30 WIB

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Nafta, the main raw material for plastic, is projected to have a market value of up to US$245.82 billion by 2030. This is an increase compared to 2024.

The Market Value of Nafta, One of the Main Raw Materials for Plastics (2024 and 2030*)

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The global market value of Nafta is projected to reach US$245 billion by 2030.

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The Market Value of Nafta, One of the Main Raw Materials for Plastics (2024 and 2030*)

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According to the California-based market research company, Grand View Research, the market value of naphtha, the main raw material for plastic production, will reach US$190.55 billion by 2024.

Of this amount, the revenue contribution from Asia-Pacific countries is the largest.

"The Asia-Pacific naphtha market dominates the global market with the largest revenue share, reaching 43.5% by 2024," writes Grand View Research.

The research team also projects that by 2030, the market value will reach US$245.82 billion.

Between 2025 and 2030, the average annual growth rate (CAGR) is predicted to reach 4.4%.

The research team notes that the naphtha market is driven by innovations in refining technology. The increase in its quantity and quality makes naphtha a more competitive raw material for petrochemical production.

In addition to being used as a petrochemical raw material, naphtha also serves as a solvent in various industries, including paints and coatings, commercial cleaners, and the production of specialty chemicals.

"Its ability to dissolve a large number of materials at low cost makes it a prime choice for various methods," says the research team.

The transportation sector is also a significant driver of the naphtha market. The development of the transportation sector fuels demand for products including plastics and synthetic fibers, which are derived from naphtha.

"This increasing demand for petrochemicals has led to an increase in the consumption of naphtha as a raw material, thereby driving the naphtha market," writes the research team.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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The global market value of Nafta is projected to reach US$245 billion by 2030.

The global market value of Nafta is projected to reach US$245 billion by 2030.

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The global market value of Nafta is projected to reach US$245 billion by 2030.

The global market value of Nafta is projected to reach US$245 billion by 2030.

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