Middle East & Africa Liquefied Petroleum Gas Storage Market Size

The Middle East & Africa liquefied petroleum gas storage market was valued at USD 1.1 billion in 2024 and is estimated to grow at a CAGR of 6.9% from 2025 to 2034. The increasing population, urbanization and demand for clean, efficient fuel sources that minimize environmental impact are driving industry growth. Favorable initiatives by the authorities to expand consumer access to LPG are complementing the industry landscape.

Introduction of rigorous safety regulations along with substantial investments from government and private organizations further augmenting the industry outlook. Moreover, shifting focus on developing sophisticated storage facilities equipped with comprehensive safety protocols and advanced detection systems will positively influence the business dynamics.

Middle East & Africa Liquefied Petroleum Gas Storage Market Trends

Middle East & Africa liquefied petroleum gas storage industry is anticipated to witness significant growth on account of accelerating energy consumption, increasing urban population growth, and rising fuel requirements across several industrial processes, residential & commercial sectors. Implementation of governments support programs and financial incentives to encourage LPG usage, especially in areas still dependent on biomass for cooking will complement the industry landscape. Increased LPG utilization, development of storage infrastructure, demand for larger storage facilities, enhanced material quality, and implementation of digital monitoring solutions will stimulate business dynamics. The extensive industrial applications of LPG in manufacturing, refineries, and petrochemical operations, alongside its role as an alternative automotive fuel, contribute to the industry growth.

Middle East & Africa Liquefied Petroleum Gas Storage Market Analysis

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The pressurized tanks segment is anticipated to cross over USD 1.7 billion by 2034. LPG storage tanks maintain LPG in its liquid state under pressure, enabling high energy density and efficient transportation, augmenting the product deployment. These tanks store large volumes of LPG in a compact space, making them suitable for residential and industrial applications. The integration of improved insulation, corrosion-resistant materials, and monitoring systems enhances the functionality and safety of pressurized tanks will positively influence the business outlook.

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Saudi Arabia liquefied petroleum gas storage market is set to reach over USD 650 million by 2034. Availability of shale gas resources across the nation and growing emphasis on LPG production, influenced by rising energy demands and demographic expansion, contribute to the industry growth. Shifting focus by industries toward environmentally sustainable energy alternatives, growing adoption in household heating, cooking, and manufacturing sectors will augment the business landscape. The deployment of automated systems and intelligent monitoring solutions in storage and distribution networks has enhanced operational efficiency, influencing the business dynamics.

Middle East & Africa Liquefied Petroleum Gas Storage Market Share

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Key industry players operating in the Middle East & Africa liquefied petroleum gas storage industry are expanding their regional footprint through strategic alliances and enhanced technological capabilities. The market structure is evolving through corporate consolidations and mergers & acquisitions along with population growth and ongoing transition to LPG storage infrastructure will complement the business landscape.

Middle East & Africa Liquefied Petroleum Gas Storage Market Companies

Major players operating across the industry include:

• Abou Seif
• Al Dossary Encore
• Al-Gaswa Steel
• Arslan Engineering
• Cryocan
• Enagas
• Emirates Gas
• Harsan Tanker
• ISISAN
• Karbonsan
• Mena Tradex
• MGT Global
• Petredec
• Rawafd
• Royal Vopak
• TotalEnergies
• Vitol
• Zamil Group
  

Middle East & Africa Liquefied Petroleum Gas Storage Industry News

• In December 2023, Taifa Gas Investment SEZ Limited is constructing a liquefied petroleum gas (LPG) storage facility in Mombasa. The company's entry into the Kenyan market strengthens trading relationships within East Africa. The project includes a 30,000-metric-ton LPG storage facility in the Dongo Kundu Special Economic Zone, with an investment of USD 130 million. This facility aims to reduce East Africa's reliance on imported LPG and provide a stable, cost-effective supply for households.
  
• In October 2023, ISISAN expanded its factory through a major investment less than a year ago to meet growing import and export demands. This factory operates across a total area of 52,000 m² of area along with the expansion enabled the company to maintain its production capabilities while ensuring rapid response times, efficient deadline management, and consistent product quality.
  

This Middle East & Africa liquefied petroleum gas storage market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Million Barrels” and “USD Billion” from 2021 to 2034, for the following segments:

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Market, By Storage Type

• Pressurized tanks
• Refrigerated tanks

The above information has been provided for the following countries:

• Saudi Arabia
• UAE
• Qatar
• Turkey
• South Africa