The slowdown in Brazil's economy has taken a toll on naphtha consumption in the region. However, the country is anticipated to continue dominating demand for naphtha in the region. Brazil relies on naphtha imports to fuel its domestic petrochemical industry. Rising demand for naphtha in Venezuela can be attributed to growing use of naphtha as a blending stock for their heavy crude to improve its API gravity before it can be exported. Demand for naphtha in the region is slated to be positive in the coming years as well.
A brief study was conducted to understand each aspect of market outlook such as drivers, challenges, market trends and various other major factors affecting the market. Moreover, an in-depth analysis was conducted to understand South America naphtha market and to gauge the competitive scenario. Afterwards, a detailed scrutiny of naphtha consumption by type, by end use, and by country markets for South America naphtha supply demand analysis was conducted.
In this report, the South America naphtha supply demand analysis has been segmented into the following categories: