MEA Liquid Petroleum Gas Market is Estimated to Reach $48 Billion by 2019 - A Report by MicroMarket Monitor

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The Middle East and Africa Liquid Petroleum Gas market is projected to reach at a CAGR of 4% during the forecast period.

MicroMarket Monitor

MicroMarket Monitor

Key Players in the MEA Liquid Petroleum Gas Market are audi Aramco, Exxon Mobil Corp, BP Global, National Iranian Oil Company, Royal Dutch Shell plc, Chevron Corporation

LPG is an important fuel source, and its constituents (propane and butane) are considered as important raw materials used for the manufacture of chemicals. Chemical applications of LPG make up for the second-largest consumption of LPG on a global scale.

Browse through the TOC of MEA Liquid Petroleum Gas Market for an analysis of industry trends and segments, with the help of various tables and figures.

As Middle East and Africa have an increasing number of oil and gas wells, exploration activities in these regions are expected to increase at a rapid pace. This has become one of the sole reasons for refineries and associated sources of LPG dominating the Middle Eastern market. The use of LPG in the form of autogas is expected to remain stable in the Middle East region, owing to the availability of other cheaper substitutes.

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In contrast to this, the chemical manufacturing industry in this region is projected to drive the market demand for LPG, thereby increasing its consumption as petrochemical feedstock. With respect to all the above stated factors, Middle East and Africa is considered to be the largest supplier of LPG obtained by the refining of crude oil.

The Middle East and Africa Liquid Petroleum Gas market was valued at $39.87 billion in 2014, and is projected to reach $48.53 billion by 2019, at a CAGR of 4.0% during the forecast period. Most Middle East countries are net producers of crude oil. Government-owned oil and gas companies that have become major consumers of LPG include Saudi Armco, National Iranian Oil Company, and Qatar Oil.

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This market research report offers an overview of the regional LPG market in Middle East and Africa. It mainly focuses on offering regional data, pertaining to production and demand side analyses of LPG, along with a competitive evaluation of companies that are leading this market. The report highlights a variety of market parameters which help in determining the significant drivers of the Middle East and Africa LPG market.

Related Reports :

Global Crude Oil Market

Crude oil is the term that is used for the raw oil that is taken directly from the ground. It is the oil that is unprocessed for use. Another common name for crude oil is petroleum. The major analysis part in the report includes the applications of crude oil market. The crude oil is used under the application of gasoline, diesel fuel and jet fuel. Regional data has been provided for North America, Asia Pacific, Europe and Rest of the World. The study provides detailed analysis, historical data, and statistically refined forecast for all the segments covered.

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MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Oil & Gas industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Oil & Gas industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.

About MicroMarket Monitor :

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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