The Saudi Arabia LPG Market is set to grow, driven by expansion in the petrochemical industry and increased consumer demand from residential and commercial sectors.
According to TechSci Research’s report, “Saudi Arabia LPG Market– By Region, Competition, Forecast & Opportunities, 2028,” factors like growing awareness of LPG benefits and the rising adoption of clean energy sources will fuel market expansion.
Non-associated gas is the largest revenue contributor due to increased LPG production from unconnected gas wells, especially for industrial applications. The chemical application segment is expected to witness rapid revenue growth, driven by demand for LPG in various industrial processes.
The Northern & Central region is poised to dominate the market, with Al-Riyadh city’s increasing LPG consumption, especially in the residential sector.
In summary, the Saudi Arabia LPG Market is primed for growth, propelled by various factors including industry expansion and increasing consumer demand.
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Key market players in the Saudi Arabia LPG Market include:
- NGC Energy
- Saudi Arabian Oil Company (Saudi Aramco)
- Saudi National Gas & Industrialization Company (GASCO)
- Repsol YPF
- Saudi Gas Cylinder Factory (Enagas)
- Maritime Industrial Services (MIS)
- Rawabi Holding
- Dalma Energy
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The Saudi Arabia liquefied petroleum gas (LPG) market is driven by increased demand across various sectors and government regulations targeting environmental pollution. However, challenges include the rising use of renewable energy and inconsistent domestic LPG supply. Government initiatives promoting LPG usage and increased gas consumption in vehicles offer growth opportunities for leading companies.
According to Mr. Karan Chechi, Research Director at TechSci Research, the Saudi Arabia LPG market is expected to expand due to growing acceptance of clean energy sources and awareness of LPG benefits. Technology and government efforts to transition rural communities from conventional fuels to LPG will further drive market growth.
The report, “Saudi Arabia LPG Market – Segmented By Application, Source, Cylinder Capacity, Region, Size, Share, Trends, Opportunity, and Forecast 2018-2028,” assesses the market’s future growth potential, providing insights on structure, size, share, and future trends. It aims to offer valuable market intelligence for investment decisions, identifying emerging trends, drivers, challenges, and opportunities in the Saudi Arabia LPG market.
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