According to Future Market Insights, the renewable naphtha market will be worth USD 466.58 million in 2023 and USD 1,698 million in 2033, with a CAGR of 13.7%. Increasing fuel blending practices in order to comply with new regulations concerning fuel composition will also increase demand for renewable naphtha.
The use of renewable naphtha by refineries is a great way to provide a low-carbon alternative fuel for their customers. The use of bio naphtha in petrochemicals and gasoline…
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Source: https://marketresearchblog.org/2024/05/renewable-naphtha-market-value/