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