PUBLISHER: ChemAnalyst | PRODUCT CODE: 966036
PUBLISHER: ChemAnalyst | PRODUCT CODE: 966036
Saudi Arabia LPG industry demand stood at 1.91 Million Tonnes in 2020 and is forecast to reach 5.85 Million Tonnes by 2030, growing at a healthy CAGR of 12.22% until 2030. The Saudi Arabia's LPG demand is registering substantial growth each year backed by rising consumption as a cooking fuel and strong investments towards strengthening its hydrocarbon engagements. Saudi Aramco in the Middle East is the largest LPG producer in the world. . In terms of both production and export, Saudi Arabia leads the world's LPG market, accounting for more than 50% share in Middle East & Africa LPG demand. The outbreak of COVID-19 in 2020 disrupted the economy. The market growth was affected drastically, and production units shut down. Furthermore, the major market players intentionally halted the production keeping their employees' health and wellness in mind. With imposed new regulations of the COVID-19 and proper precautions, the market is anticipated to regain its growth in the years to come. Once the market regains the full function of its production unit, the market is bound to show robust growth in the forecast period. Potential investment in the market is expecting steady growth in the market in the forecast period, until 2030.
Under this subscription you would be able to access Saudi Arabia LPG market demand and supply analysis on a cloud-based platform for one year. The data is updated on near real time basis to add any new movement in the industry including but not limited to new plant announcement, plant shutdowns, temporary disruptions in demand or supply, news and deals and much more specific to LPG.
Years Considered for Analysis:
Historical Years: 2015 - 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 - 2030
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Deliverables
To extract data for Saudi Arabia LPG market, ChemAnalyst team conducts primary research surveys with LPG manufacturers, suppliers, distributors, wholesalers and customers followed by exhaustive secondary research to cross validate the information being collected through primary research surveys.
Table 3 Saudi Arabia LPG Capacity By Technology, 2015-2030f (000' Tonnes)
Table 4 Saudi Arabia LPG Capacity By Process, 2015-2030f (000' Tonnes)