Japan Bio-based Naphtha Market Outlook

japan's bio-based naphtha market is expected to witness a gradual growth over the coming years on the back of several ongoing initiatives in the country to promote the use of renewable materials for manufacturing end-products. the government of japan is supporting the establishment of various biorefineries and the use of new technologies to produce fuel from biomass. japan’s biorefineries are focused on producing bio-based polyethylene and propylene, which are derived from naphtha as a feedstock. the increasing number of biorefineries in the country is creating a higher demand for bio-based naphtha. the government of japan is also supporting research and development (r&d) activities related to the production of bio-based naphtha. many research projects are being conducted to study the various parameters related to the production of bio-based naphtha, which includes identifying the suitable biomasses to be used, testing its suitability and compatibility with other end-products, and testing its commercial viability. in addition to the initiatives taken by the government, the private sector in japan is actively contributing to the development of the market. private companies are investing in research and development for production of biorefineries in the country. this is followed by the entry of several japanese companies in the overseas biobased naphtha market, leading to an increased demand for naphtha. the growing demand for green fuels and the growing environmental concerns have also contributed to the demand for bio-based naphtha in japan. the use of bio-based naphtha is gaining traction in the production of electricity, especially in countries with stringent emission regulations. this, in turn, is likely to boost the demand for bio-based naphtha in japan over the forecast period. overall, the japan bio-based naphtha market is expected to witness a steady growth over the forecast period of 2018 to 2032. the impact of the various initiatives taken by the government and the private sector is expected to drive the growth of the bio-based naphtha market in japan.