Naphtha Procurement Research – Market Trends and Spend Analysis by SpendEdge

January 23, 2018

LONDON–(BUSINESS WIRE)–#naphtha–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Naphtha
Market Procurement Research Report.’ The insights and data in
this report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of naphtha and acts as an all-inclusive guide for making
smart purchasing decisions.


“The consumption trend of naphtha is demonstrating an uptrend in APAC
owing to the growth of the petrochemical industry in the region,” says
SpendEdge procurement analyst Anil Seth. “Also, most of the suppliers of
naphtha are large-scale vertically integrated suppliers or global
commodity traders, primarily because of huge capital investments
required for crude oil exploration, production, storage, and marketing
activities,” added Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Naphtha
Market:

  • Growing globalization of major naphtha suppliers in the Middle East
  • Expansion of naphtha production capacities in APAC
  • Increased focus on downstream capability building by prominent naphtha
    suppliers in the Middle East

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Growing globalization of major naphtha suppliers in the Middle East:

The substantial financial capabilities of naphtha suppliers in the
Middle East has enabled them to evolve as leading players. Also, these
companies are expanding their product portfolios and increasingly
investing in refinery units and production of petrochemical products in
emerging markets such as India and China. Collaborating with suppliers
that have widespread global presence helps buyers bundle their
procurements across geographies. Furthermore, this also allows buyers to
consolidate their procurement and avail better value-additions and
discounts.

Expansion of naphtha production capacities in APAC:

APAC is witnessing a rise in production capacities across major
countries such as India and China; this is driven by high demand from
industries such as petrochemicals in the region. Moreover, the increased
production capacities of suppliers assist buyers in overcoming seasonal
demand fluctuations. Also, this leads to an increase in the supply of
naphtha thereby reducing the market prices for buyers.

Increased focus on downstream capability building by prominent
naphtha suppliers in the Middle East:

Leading naphtha producers in the Middle East are gradually focusing on
downstream capability building because of increased competition from
shale gas steam cracking units based in North America. Downstream
capability building process consists of increased investments and
focuses on the development of petrochemical-based industries such as
plastics and benzene. Moreover, this helps buyers improve their profit
margins because the profitability of consumer products such as plastics
is higher than crude oil.

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Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 844-746-0600
[email protected]

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