Middle East & Africa Natural Gas Liquid Market Size

The Middle East & Africa natural gas liquid market was valued at 4.1 million barrels per day in 2024 and is estimated to grow at a CAGR of 5% from 2025 to 2034. The petrochemical sector is witnessing significant growth driven by investments in residential and commercial construction activities. The demand from automotive manufacturing for essential components together with increased adoption across various end-use sectors including residential applications and industrial processes further augmenting the industry landscape.

Flourishing investments focusing on discovering and accessing untapped reserves, companies allocating resources to develop advanced technological solutions and enhance production capabilities to meeting the rising energy demands will contribute to the industry growth. For instance, in December 2024, Worley Engineering has received the contract from ADNOC Gas plc for constructing gas processing facilities at Bab Gas Cap. The facilities will enhance processing capacity by 20%, delivering 1.8 billion standard cubic feet per day, with investment decisions planned for 2026.

Middle East & Africa Natural Gas Liquid Market Trends

The Middle East and Africa natural gas liquid industry is set to witness significant growth owing to the growing adoption of liquefied petroleum gas as a clean fuel alternative and increasing the demand for natural gas liquids in transportation. Favorable initiatives to reduce emissions and comply with stringent environmental regulations along with focus on reducing air pollution and improving fuel efficiency is driving the industry growth. Infrastructure development for fueling stations is enhancing fuel accessibility coupled with governments and businesses maintain to sustainable transportation solutions is augmenting the industry outlook.

Middle East & Africa Natural Gas Liquid Market Analysis

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The ethane segment is anticipated to cross over 2.2 million barrels per day by 2034. Increasing use of ethane across the petrochemical industry coupled with development of ethylene crackers, and accelerating investments in downstream industries is complementing the industry landscape. Integration of ethane serving as a feedstock for ethylene production, which is essential in manufacturing plastics, resins, and various industrial products further augmenting the product deployment.

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The petrochemical feedstock segment is anticipated to witness a CAGR of over 4.5% through 2034. Increasing industrial sector investments, driving the demand for essential materials including synthetic rubber, polyethylene, and polypropylene to serve as crucial components in manufacturing tires, plastics, and numerous industrial products will complement the industry landscape. Stringent environmental regulations and substantial research into alternative fuel technologies, which shape production methods and end-product specifications across manufacturing segments will augment the business outlook.

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Saudi Arabia natural gas liquid market is set to reach over 1.2 Mbl/d by 2034. Growing awareness of sustainable building solutions and the shift toward clean energy sources, combined with demand for energy-efficient systems, driving the industry. Ongoing expansion of the shale gas sector, lower prices of natural gas liquids, increased NGL usage in the energy mix, and reduced dependence on foreign energy imports have increased the product adoption.

Development of unconventional reserves to boost domestic gas liquid capacity in response to rising power demands, new industrial developments, and national energy security priorities, further driving the industry growth.

Middle East & Africa Natural Gas Liquid Market Share

Major manufacturers in the Middle East & Africa natural gas liquid industry are initiating their research and development strategies and expanding their product portfolios while incorporating sustainable technologies. These companies aim to strengthen their market position and meet evolving customer requirements. The industry's key players operate in an environment characterized by intense competition, technological evolution, and regulatory requirements, further contributing to the industry growth.

Middle East & Africa Natural Gas Liquid Market Companies

Major players operating across the industry include:

• BP
• Chevron
• ConocoPhillips
• Dana Gas
• ENOC
• Eni
• ExxonMobil
• Linde
• Lukoil
• QatarEnergy
• RAK Gas
• Saudi Aramco
• Shell
• SNOC
• TotalEnergies
  

Middle East & Africa Natural Gas Liquid Industry News

• In November 2024, The Abu Dhabi National Oil Company has initiated a USD 2 billion natural gas liquids development project, attracting bids from major engineering firms. The expansion project centers on installing a fifth NGL fractionation train at the Ruwais Gas Processing Facility in Abu Dhabi. This strategic development aims to enhance the facility's processing capabilities to 27,000 tonnes per day, equivalent to 776,922.67 cubic feet daily, resulting in an annual production capacity of 8 million tonnes.
  
• In July 2024, Saudi Aramco has initiated a USD 25 billion investment program to enhance its gas infrastructure. The program focuses on unconventional gas production and midstream facilities development, with the goal of boosting Saudi Arabia's gas output by 60% from 2021 levels by 2030. The Jafurah shale gas project's second phase includes USD 12.4 billion in contracts for gas processing facilities and pipeline networks. The project encompasses the construction of the Riyas NGL fractionation complex in Jubail, along with USD 2.4 billion in gas rig contracts and USD 612 million in directional drilling agreements.
  

This Middle East & Africa natural gas liquid market research report includes in-depth coverage of the industry with estimates & forecast in terms of “million barrels per day (Mbl/d)” from 2021 to 2034, for the following segments:

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Market, By Product

• Ethane
• Propane
• Butane
• Pentane plus

Market, By Application

• Petrochemical feedstock
• Space heating
• Blendstock
• Others

The above information has been provided for the following countries:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Iran
• Algeria
• Tunisia