Middle East & Africa Natural Gas Liquid Market Analysis

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.

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.

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.