NAPHTHENIC ACID MARKET ANALYSIS

Regional Analysis

Global Naphthenic Acid Market: Regional Insights

Regionally, Asia-Pacific is expected to dominate the global naphthenic acid market due to improving standards of living and increased investment in infrastructure development in the China which will boost demand for naphthenic acid. Moreover, China is also expected to become the world\'s largest single market for civil aircraft over the next 20 years. It currently operates 2,185 general aviation aircraft and plans to construct over 500 airports by 2020.

At the same time, North America is also expected to witness fastest growth in the global market over the forecast period owing to the high production of crude oil in the region. According to the U.S. Energy Information Administration (EIA), at present, petroleum refineries in the country produce an average of 11 to 12 gallons of diesel fuel from each 42-gallon (U.S.) barrel of crude oil.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa