Middle East & Africa Liquefied Petroleum Gas Market Research Report 2022
- Report ID: 28297
- Date: Jun, 2022
- Pages: 220
- Category: Chemicals & Materials
The MEA LPG market is majorly concentrated in the Middle Eastern countries, which contribute towards the maximum consumption and production of LPG in the region. Saudi Arabia is the largest consumer and producer of LPG in the Middle East, accounting for more than 50% of the total demand in Middle East region. South Africa and Egypt are expected to have considerable demands for LPG in Africa. The MEA LPG market was valued at $38.3 billion in 2019, and is estimated to grow at a CAGR of 4.0% from 2021 to 2028.
The MEA market, based on sources, has been categorized into refineries, associated, and non-associated sources of LPG, whereas its applications primarily include residential/commercial for cooking gas & household heating, chemical for chemicals manufacturing, and industrial for industrial processes such as heating, drying, and steam generation. The autogas application includes the use of LPG as fuel in automobiles.
The Middle East region is surplus in petroleum products; hence, the use of gasoline for automobiles is predominant in the region. Since the use of gasoline results in carbon emissions, the Middle East is expected to grow on autogas. Meanwhile, although Africa accounts for a smaller market share, the region is mostly developing and is expected to grow on the residential/commercial application.
Government-owned companies from the Middle East dominate the MEA LPG market. Regional oil & gas explorer and refiners are the major suppliers of LPG to the MEA countries. Saudi Aramco (Saudi Arabia) is the largest LPG producer in the region. National Iranian Oil Corporation is expected to be the second--largest LPG supplier in the MEA region. Apart from these, Kuwait National Petroleum (Kuwait) and Abu Dhabi Oil Refining Company (Abu Dhabi) have a considerable market share in the MEA LPG market.
Reasons to Buy the Report:
This report includes various analysis, including industry analysis (industry trends and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles, which collaboratively discusses the basic views on competitive landscape, emerging and high-growth segments of the LPG market, respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help companies, hold a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
• Market Penetration:
• Comprehensive information on LPG offered by top players in this market
•
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the LPG market
• Market Development: Comprehensive information about emerging markets, along with an in-depth analysis on the LPG market with respect to regions.
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the LPG market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the LPG market
TABLE OF CONTENTS
1 INTRODUCTION 8
1.1 OBJECTIVES OF THE STUDY 8
1.2 MARKET DEFINITION AND SCOPE OF THE STUDY 9
1.3 MARKETS COVERED 9
1.4 STAKEHOLDERS 10
2 RESEARCH METHODOLOGY 11
2.1 INTEGRATED ECOSYSTEM OF LPG MARKET 11
2.2 ARRIVING AT THE MEA LPG MARKET SIZE 12
2.3 TOP-DOWN APPROACH 12
2.4 BOTTOM-UP APPROACH 13
2.5 DEMAND SIDE APPROACH 14
2.6 MACROINDICATOR - based APPROACH 16
2.7 ASSUMPTIONS 17
3 EXECUTIVE SUMMARY 18
4 MARKET OVERVIEW 20
4.1 INTRODUCTION 20
4.2 DRIVERS AND INHIBITORS OF the GLOBAL LPG MARKET 22
4.2.1 AUXILIARY TABLES 23
4.3 IMPACT ANALYSIS 24
4.3.1 IMPACT ANALYSIS OF DRIVERS 24
4.4 KEY MARKET DYNAMICS 24
4.5 DEMAND SIDE ANALYSIS 26
4.6 VENDOR SIDE ANALYSIS 27
5 LIQUEFIED PETROLEUM GAS MARKET, BY SOURCE 28
5.1 INTRODUCTION 29
5.2 MEA LPG MARKET, BY SOURCE 29
6 LIQUEFIED PETROLEUM GAS MARKET, BY APPLICATION 32
6.1 INTRODUCTION 32
6.2 mEA LPG MARKET, BY APPLICATION 33
6.3 MEA RESIDENTIAL/COMMERCIAL LPG MARKET, BY REGION 34
6.4 MEA CHEMICAL LPG MARKET, BY REGION 35
6.5 MEA INDUSTRIAL LPG MARKET, BY REGION 37
6.6 MEA AUTOGAS LPG MARKET, BY REGION 38
7 LIQUEFIED PETROLEUM GAS MARKET, BY REGION 41
7.1 INTRODUCTION 42
7.2 MEA LPG MARKET 42
7.2.1 MEA LPG MARKET, BY SOURCE 44
7.2.2 MEA LPG MARKET, BY APPLICATION 46
7.3 COUNTRIES BY APPLICATION 48
8 MEA LIQUEFIED PETROLEUM GAS MARKET: COMPETITIVE LANDSCAPE 52
8.1 LPG MARKET: COMPANY SHARE ANALYSIS 52
8.2 COMPETITIVE LANDSCAPE 53
8.2.1 EXPANSION 53
8.2.2 JOINT VENTURES/ PARTNERSHIP 53
8.2.3 NEW CONTRACTS 54
8.2.4 AGREEMENTS 54
8.2.5 NEW TECHNOLOGY 54
8.2.6 OTHERS 55
9 GLOBAL LPG MARKET, BY COMPANY 56
9.1 SAUDI ARAMCO 56
9.1.1 PRODUCT PORTFOLIO 56
9.1.2 COMPANY FINANCIALS 56
9.1.3 COMPANY DEVELOPMENTS 56
9.2 NATIONAL IRANIAN OIL COMPANY 57
9.2.1 PRODUCT & SERVICE PORTFOLIO 57
9.2.2 COMPANY FINANCIALS: 58
9.2.3 COMPANY DEVELOPMENTS 58
9.3 TAKREER 59
9.3.1 PRODUCT PORTFOLIO 59
9.3.2 COMPANY FINANCIALS: 59
9.3.3 COMPANY DEVELOPMENTS: 59
9.4 KUWAIT NATIONAL PETROLEUM CORPORATION 60
9.4.1 PRODUCT PORTFOLIO 60
9.4.2 COMPANY FINANCIALS: 60
9.4.3 COMPANY DEVELOPMENTS: 61
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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